- EOS price prediction is positive both in the short-term and the long-term.
- EOS gradually becoming a leader in the decentralized applications industry.
- EOS has the potential to range between $10 and $14 by the end of 2019.
- Extrapolating 2019’s price prediction, we find that EOS could trade between $20 and $30 by December 2020.
Table of Contents:
- Project Overview
- Is EOS a Worthy Competitor to Ethereum?
- Glancing Ahead
- EOS Price Prediction 2019 – Publications and Expert Take
- For 2020
- Next 5 Years
- EOS Frequently Asked Questions (FAQs)
|Market Cap||24 Hour Volume||24 Hour Change|
EOS teeters around $4.16 at the time of writing. It has corrected lower 3% in the last 24 hours. However, it has gained ground against Bitcoin to post a 1.20% loss. The price opened the day’s trading at $4.27. It soared to highs around $4.38 while on the downside it has touched a low at $4.2094. With a market capitalization of $3.9 billion EOS is ranked the eighth largest cryptocurrency on the market. In the last 24-hours, $1.6 billion exchanged hands according to the data on CoinMarketCap.
EOS has a total supply of 1,021,875,787 EOS tokens while 925,175,782 EOS are currently in circulation. EOS is heavily bought and sold on OKEx cryptocurrency exchange utilizing EOS/USDT trading pair. The exchange commanded 5.87% of the entire trading volume, precisely exchanging $98,248,834. It is trailed by BW.com where $70,125,810 was exchanged using EOS/USDT trading pair. DigiFinex comes in third, with the same trading pair at $68,052,962.
In other related news, MinerGate has grown its service scope and portfolio with the aim of becoming an EOS block producer. Moreover, Lumi wallet signed an agreement to have its users stake and vote within the EOS ecosystem.
EOSIO, one of the most ambitious cryptocurrency projects describes itself as the next-generation and open-source protocol. During its initial development stages, cryptocurrency enthusiast referred to it as the ‘Ethereum killer.’ However, we will confirm this claim as we go along in this discussion.
EOS was introduced to the market via an initial coin offering (ICO) in June 2017. The ICO took a year to complete becoming the longest in the market. According to the white paper, EOS intends to be a blockchain network that supports millions of transaction per second. At the same time, transacting at zero fees and leading the industry in terms of decentralized applications deployment.
Like Ethereum, EOS is a smart contract building platform specializing in blockchain-based systems that support the creation of commercial-scale dApps using the EOSIO protocol. EOSIO blockchain protocol is developed by Block.one, a global leader in high-performance blockchain software.
EOSIO was released on the market in June 2018. Nonetheless, development is still ongoing to ensure the network is optimized the ease of development of “enterprise-level blockchain solutions.” The website describes EOSIO as:
“A blockchain platform designed for the real world. Built for both public and private use cases, EOSIO is customizable to suit a wide range of business needs across industries with rich role-based security permissions, industry-leading speeds, and secure application processing.”
EOS network offers the cryptocurrency industry scalability and speed to achieve latency and throughput in transactions. Zero transaction fees make the network cost-effective through resource optimization. Because we are living in a modern world EOS is eco-friendly, sustainable and energy-efficient.
Is EOS A Worthy Competitor to Ethereum?
EOS is gradually rising to become the preferred platform for decentralized applications development in the industry. For instance, among the top 30 dApps, 13 of them are built on EOS. Ethereum’s ongoing upgrade appears to be pushing developers to other protocols like Tron (TRX) and EOS. Some of the largest and most interactive dApps on EOS protocol include EOS Knights, BetDice, ITAM Games, BigGame and Dragon Option among others.
In the latest blockchain rankings released by the Chinese government, EOS maintained the first spot. China’s Center for Information and Industry Development ranked 35 blockchain projects. Tron (TRX) came second on the list while Ethereum settled for the third position. EOS had the highest score at 148.5, Tron at 144.1 and Ethereum had 136.6.
In regards to future developments, EOS plans the introduction of Asynchronous Byzantine fault-tolerant (abFT) by 2019. This will see the irreversibility of time improved by permitting BPs to communicate with each other directly. To stay in line with the white paper Block.one intends to build a Universal Resource Inheritance (URI). The URI will form the basis of the 4% inflation as stated in the white paper.
Moreover, Huobi one of the leading cryptocurrency exchanges is currently working on the release of a dedicated exchange to EOS. A collaboration between the EOS community and Huobi will birth Crypto Kylin Testnet; a platform for testing blockchain projects. Huobi is also working on a voting platform to ensure that the EOS community is aware of node elections.
EOS Price Prediction 2019 – Publications and Expert Take
Cryptocurrency performance in 2019 has been strikingly phenomenon. Following the lows reached in December 2019, the market got a mega boost in the first and second quarter of 2019. However, at the moment, volatility is extremely high making predictions a hard nut to crack. In this section, we will explore what other publications and personalities say regarding EOS prediction.
Have a look at: Ripple Forecast: Projected Analysis of 2019 & 2020
According to CoinSwitch, EOS is a great platform for developers to build commercial-based decentralized applications. The value of EOS depends greatly on its technology and what it will continue to offer to developers. CoinSwitch shows its optimism for EOS price saying:
“EOS can touch $15 by 2019. Business Insider predicts that EOS is going to evolve as the most formidable ICO in the Ethereum network. The EOS crowd sale and scalability makes it one of the five most significant tokens, as per the market capitalization.”
In its forecast for EOS price, Digital coin predicts that EOS will rise up to $7.68 by the end of 2019. The platform uses historical data to provide a month-over-month prediction for EOS as observed on the chart below. The highest price for EOS in December 2019 would be $8.05 compared to the current price of $4.16.
WalletInvestor is strongly bearish for EOS price prediction beginning 2019 and even five years to come. Prediction experts at WalletInvestor see EOS having a gradual but steady fall in price both for the short-term and long-term.
The experts at Changelly believe that EOS trend will mostly follow the general market behavior. However, because of the coin’s unique features and advantages, it is likely that it will stand out among the rest. Changelly says EOS position in the decentralized applications industry will contribute to its growth as the industry grows. EOS has the potential of growing to $14 by the end of 2019, the price it exchanged hands at in February 2018. Changelly does not expect EOS to rise to $500 in 2020 but it is positive that there will be significant growth.
EOS Price Prediction 2019 – Verdict
It is clear that experts and pacesetter publications do not agree on EOS price prediction. Nonetheless, most of them are positive that EOS will increase in value from the current price. It is also essential to note that EOS is backed by developers who have immense experience in building crypto projects like Dan Larimer. The demand for decentralized application will continue to rise and this could impact EOS value positively.
At the time of writing, EOS is trading at $4.16 following the drop from levels above $5. With its technology, the robustness of the protocol, growth in the dApps sector and a strong team EOS has the potential to range between $10 and $14 by the end of 2019.
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EOS Price Prediction 2020
The performance of EOS in 2020 is likely to be brighter than its picture in 2019. The entire cryptocurrency market is expected to perform much better in 2020. Therefore, extrapolating 2019’s price prediction, we find that EOS could trade between $20 and $30 by December 2020. However, some websites like Tradingbeasts.com place EOS price by the end of 2020 at $16. On the other hand, Theoofy.com predicts that EOS will trade at $22 in 2020. In another scenario, the publication says that EOS could stick between $7 and $9 in the same period.
Despite the varied predictions, the majority feel that EOS will at least grow in value. Therefore, we can say that EOS is a good investment both in the short-term and in the long-term.
EOS Price Prediction in the Next 5 Years
As already discussed, EOS has immense potential for growth in both the short-term (end of 2019) and the long-term (towards 2025). CoinSwitch predicts that in the next five years, EOS will be valued at $106.77. This is an extremely bullish prediction but achievable while supported by dApps industry growth, general crypto market growth as well as EOS technology growth coupled with token adoption around the world. Another factor that is likely to contribute immensely to EOS growth is its ability to rise above Ethereum and Tron competition. This will accord its massive support from the development arena, further pushing it towards mass acceptance and adoption.
EOS Frequently Asked Questions (FAQs)
WWhat is the market value for EOS today (July 30, 2019)?
Is EOS going to drop in price?
Can EOS beat Ethereum?
Can the EOS protocol crash?
What will be EOS price by the end of 2019?
What will be EOS price in 2020?
What will be EOS value in 2025?
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige