InformationPrice Prediction

Die Or Shine? Find The EOS Price Prediction 2020

In the cryptocurrency territory, there is no such thing as permanent ground, and of course, there is a rollercoaster ride.

Cryptocurrencies have taken investors on a roller-coaster ride, receiving cheers from crypto traders and criticism from naysayers.

Many crypto traders appeared ready to move ahead, but things have proved to be very crabby. 

The EOS price is a reasonable instance of this bearish trend, as it is quickly losing ground across the board.

Don’t fall into the tangle. Surveying the value of cryptocurrencies before financing is obviously a good idea.

Let’s peel the layers of EOS price prediction. Discover where the EOS coin Price is heading in 2019.

What Is EOS?

EOS is a native cryptocurrency of EOS.IO which is a blockchain protocol. It is software that establishes a blockchain architecture customized to enable horizontal and vertical scaling of decentralized applications.

The EOS software offers authentication, accounts, databases, asynchronous communication, and the scheduling of applications across a wide range of CPU cores and/or clusters.

EOS Price Today

EOS takes the top position on the list of first wave gainers today. The top cryptocurrency has gained around 10% since yesterday and further upside seems possible.

EOS maintains a good market sentiment with about 85% of traders voting for a bull market in the short-term.

EOS is in gains in all timeframes except for the yearly and hourly where it has lost 27.5% and 0.9% respectively. In the last month, EOS, however, gained 30.0%.

EOS is currently trading at $3.08 as its market capitalization soars to $2.9 billion.

EOS Technical Analysis

Back in 2017 EOS saw a sudden turn of events. Previously, it was trading at $1.21 with a market capitalization of $54 million. Henceforth, its unstable nature became noticeable to all and eventually, in Jan 2018, EOS reached a new peak. It was changing hands at $18.16 with a market cap value of $109 mln dollars.

While the EOS price is concerned, it appears the tension is moving quickly. Unfortunately, It began a downward trend that saw the price at $4.08 as of March 2018. Again, a few weeks later it finally reached $21.46. By this time, with market capitalization $176.6 mln.

In 2019, however, as the acknowledgment proportion turns out to be more, the worth floods upward. EOS is more technologically advanced than many cryptocurrencies. As of the beginning of the year, EOS coin price was $2.88. The price slowly improved reaching $8 by the end of Q2. Nonetheless, the Coin could not hold its strength for too long, the price of EOS diminished to $3 by the end of Q4.

The injury to the price of EOS was quite devastating. Particularly, there is a 4.2% decrease in USD value, shoving the price down to $3.51. There is also a 3.46% reduction in EOS/BTC, which drives that ratio down to 91,065 Satoshi. So far, nothing irreversible has occurred, but the all-around trend simply isn’t what most people had hoped for.

Looking ahead, EOS is anticipated to considerably recover in Coming days, retaining a stable growth pace. Till the end of the year, it might reach the $15 mark. If the crypto regulation becomes more favorable.

EOS Price Prediction 2020

EOS began the year at a price around $2.2. The less popular cryptocurrency moved swiftly to break major resistances, thereby surpassing the $5.5 mark by the middle of quarter one. Immediately after the breakthrough however, the coin began to fall drastically to record lower prices.

By the beginning of the second quarter however, prices had fallen below the critical support at $2 but the bulls couldn’t take the markets much lower. The $2 mark resistance was held strongly and EOS traded sideways for the rest of the quarter.

Into Q3 of 2020, EOS prices rose steadily into the $3.5 level and by mid-August, the coin was trading at $4. Although a little price retracement occurred, this could only pull the prices back a bit towards the $3.6 area. As of now, EOS is changing hands at $3.37.

EOS Price Prediction 2021

By 2021, EOS might be seen as a significant rival striving with Ethereum for the utmost spot. The EOS infrastructure boasts a slightly advanced technology that gives improved transaction speed, but Ethereum has been around for the long run and they are more stable. We may expect EOS to worth between $45 and $70.

EOS Price Prediction 5 years

By 2025, EOS has spent almost eight years on the scene. This is the estimated age Bitcoin began to enjoy the chaotic growth to fame, reaching $20,000. Although it differs in the case of EOS and there is no confirmation that EOS will reproduce Bitcoin’s result. However, we may indicate EOS might at least reach $1,000.

EOS Market Prediction

On social media, Unlimited Tower tries to attract positive attention for EOS. The entity recently partnered with DexEOS, which is a decentralized exchange built on EOS technology. Even though this partnership is quite a good deal, it may not affect the end-user immediately. The current growth of the EOS ecosystem cannot be denied, but that doesn’t refer the price will respond in mind.

WalletInvestor: According To WalletInvestor, Investing In EOS Will Turn Out To Be A Favorable Venture For The Investors, They Believe That In 2023, It Might Reach $911.

CoinFan: Coinfan Sees EOS Reaching $47 In December Of This Year, After A String Of Months With Constant Gains.

TradingBeasts: Algorithm At Tradingbeasts.Com Has A Much More Conservative Approach To EOS Price, Putting It At $7 At The End Of The Year Which Still Represents More Than Double Of Its Current Price.

Our EOS Prediction

Overall, EOS is a perfect enabler to help developers and engineers to build decentralized applications. Coinpedia Predicts EOS can reach $15 by 2019. The EOS scalability and crowd sale make it the most significant tokens, as per the market capitalization.

EOS Recent Updates (EOS News)

#1. AdNode Partners With EOS

EOSIO makes it feasible for EOS VC grant recipient AdNode to assist agencies with the problem of wasteful spending and extortion in the multibillion dollar global digital ad space. By automating the reconciliation procedure for digital advertising, AdNode enhances the dynamic of how ad buyers and sellers cooperate.

#2.Scaling Decentralized Applicationswith LiquidApps

LiquidApps hopes to change the future of blockchain scalability, collaboration, and interoperability. Their integration with EOSIO ensures that developers can now approach a whole suite of important services that are crucial for building scalable dApps.

From substantial decentralized storage to robust oracles, and even LiquidChains – a blockchain-as-a-service solution that allows anyone to easily spin up a customizable EOSIO chain. 

#3. The Release Of Version v2.0.5

On April 21, 2020, the EOS development team released EOSIO v2.0.5. Updates in this release include security, stability, and other changes.

FAQ’s

  1. Is EOSIO Centralized?

    In EOSIO, token owners can elect 21 block builders to filter transactions, which allocates power amongst the token holders and aligns the attention of all parties involved. The largest difference between EOSIO and other blockchain protocols is how much they have decentralized the inner ideas of the chain.

  2. How are Transactions Fees on EOSIO?

    With blockchain platforms that use a proof-of-work consensus mechanism, there are fees for each transaction processed. EOSIO eliminates these by having the network shoulder the burden of these costs

  3. Can EOS Ever Reach $,1000?

    This is totally dependent on many factors like growth and developments. However, market predictions did point to a $1,000 price within the next 5 years.

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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