EOS is a cryptocurrency that runs on EOS.IO protocol. It is a platform built especially for developing decentralized apps. It enables the hosting and execution of applications in its own platform.
Are you curious about how high can EOS reach?
This article aims to provide brief information regarding EOS price prediction for 2021 and beyond. All your thoughts will be clarified at the end and you will have clear information, whether EOS price crash or rise.
Let us try to have some basic knowledge on EOS.
|Market cap||$ 3,837,144,244.0000|
|Circulating Supply||$ 952,842,137.6146|
|Trading Volume||$ 3,158,943,219.0000|
|All time high||$ 22.7100 April 29, 2018|
|All time low||$ 0.5024 October 23, 2017|
What Is EOS?
Inherent to the leading blockchains such as Bitcoin, Ethereum, and Litecoin, EOS was developed to solve problems such as speedy transfers. The EOS blockchain is infused with many frameworks and protocols, according to Block.one, aimed at accelerating the transaction speeds on the network.
EOS claims to process millions of transactions, making it the fastest blockchain technology, while Ethereum will only process 30 transfers per second against Ripple’s which is considered the fastest blockchain with 1,500 transfers
EOS.IO. is a blockchain protocol. The native cryptocurrency of which is the EOS coin. EOS is software that sets up personalized blockchain architecture to allow decentralized applications to be scaled horizontally and vertically.
Authentication, profiles, files, asynchronous communication, and application scheduling are provided by the EOS platform across a broad variety of CPU cores and clusters.
EOS Technical Analysis
EOS entered the crypto market with a trading price of $1.01 in July. As it was new to the market EOS failed to gain the attention of the investors and the price started to decline. Dramatically, EOS started to grow as it reached $2.95 in November. Interestingly, EOS spiked to $11.39 by December. At the end of 2017, EOS traded at $8.69.
With a steady recovery in price, EOS started the year 2018 with a trading price of $9.44. The price drastically rose to $18.16 by mid-January as the market turned to invest in EOS. Later, the price declined to $13.49 by the end of January.
Shockingly, EOS plunged to $4.59 by mid-March and further started to recover. EOS broke its previous price records by recording a new All-Time-High of $21.14 by the end of April. Later, the price started to drop. Surprisingly, EOS’s price declined to $1.91 as the crypto market crashed. At the end of 2018, EOS was exchanged at $2.61.
EOS started the year 2020 with a trading price of $2.57. The price steadily started to improve after the price crash. With certain price variations, EOS swelled to $8.46 by June. Further the price started to plunge as the bears occupied the market. EOS traded at $2.64 at the end of 2019.
EOS entered the year 2020 with a price of $2.57. Later the price moved to a significant resistance level in February with $5.27. EOS failed to maintain the stability of its price, as the price dropped to $1.90 in the mid March due to the Covid-19 outbreak and this resulted in the fall of many altcoins. EOS was trading between the range $2 and $3 with certain fluctuations throughout the year. EOS traded at $2.58 to end the year 2020.
EOS Price Prediction 2021
On a bearish note, EOS initiated the year 2021 with a trading cost of $2.63. If the bulls conquer the market, EOS might escalate. The price may intensify further if the marketers facilitate their investment in the token. By the end of 2021, they might trade at a higher price of $20.
EOS Price Prediction 2022
EOS may start the year 2022 with $22.75 and could swell further. EOS might target the advancement of transparency for its platform and could also concentrate on the enhancement of its protocol. The currency might hit a high of $45 to end the year 2022.
5 Years EOS Price Prediction
EOS might collaborate with certain startups for the enrichment of its blockchain infrastructure as well as the transaction speeds in the next 5 years. The price may slump if the community suffers from huge selling pressure. EOS might reach as high as $160 by the end of 5 years.
EOS Market Prediction
Let us consider the publications and personalities, and their statement regarding the EOS price prediction, which will give us a better idea:
Investing in EOS could turn out to be a favourable investment for investors, according to WalletInvestor, They claim that it will hit $911 in 2023.
According to DigitalCoinPrice, EOS will trade between $6.29 and $7.39 by the end of 2021.
According to TradingBeasts, By the end of 2023, EOS price may reach $4.83.
Our EOS Predictions
EOS resumed the year 2021 with a price of $2.63 and anticipated to escalate further. EOS could even reach high market capitalization as it is a great enabler for building decentralized applications that support developers and engineers. It might attain more users and investors by strengthening its scalability. By the end of 2021, the currency might be exchanged at a higher value of $25.
EOS is a platform that is designed to allow developers to build decentralized apps (DApps)
No, EOS cannot be mined as the number of tokens are fixed.
Yes, EOS might reach $20 in the future.
The EOS platform was developed by the company Block.one, and its white paper was authored by Daniel Larimer and Brendan Blumer.
Yes, EOS can be worth buying as its price might likely increase.