Cryptocurrency Price PredictionInformation

EOS Price Prediction 2022: Is A 2X Run Still Possible?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 12, 2022

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 EOS is a crypto asset that runs on the EOS.IO protocol. It is a platform built especially for developing decentralized apps. It enables the hosting and execution of applications on its own platform. The fundamental traits of the project give it an upper hand to manage to lure marketers from the industry.

Successively, marketers are hopeful of one such run like that of 2021, where it portrayed a triple-digit run in a couple of weeks’ time. Are you one of the many who are hopeful of EOS climbing higher summits once the turmoil subsides? Then look no further, as this write-up will illustrate the feasible price prediction for 2022 and the years to come. 

Overview

CryptocurrencyEOS
Tokeneos
Price$ 1.4100
Market cap$ 1,405,947,043.0000
Circulating Supply 995,323,723.4695
Trading Volume $ 280,849,524.0000
All time high$ 22.7100 Apr 29, 2018
All time low$ 0.5024 Oct 23, 2017

EOS Price Prediction For 2022

Potential LowAverage PricePotential High
$2.461$3.242$3.828

  EOS had entered the year 2022, whilst being in a downtrend and with a price tag of $3.187. The market crash towards the end of January called for a dip to $2.215 by the 22nd of January. Whilst the altcoin did climb to $2.763 by the 10th of February. 

Tensities around the world pushed the crypto asset down the slide to $1.880 by the 13th of March. Thereafter an uptrend helped the price of EOS surge 60.53% to hit $3.046 by the end of the quarter. 

EOS Price Prediction For Q2

  The start to the second quarter has been fairly coarse for EOS. The volatility in the business has pushed the price to current levels of $1.246. A reversal in trend could push the price to its potential high of $1.78. However, continuity in bearish trends could slump the price down to $1.138. That said, a balance in buying and selling pressures could land the price at $1.514

EOS Forecast For Q3

 If the project employs developmental and community building initiatives. Further seeking impetus from volumes, the price could soar up to $2.566. On the contrary, failing to attract the volumes, the altcoin might sink to $1.723. Successively, constrained by linear price propulsion the price might settle at $2.167

Prediction Of EOS For Q4

  The growing optimism of the final leg of the year, if supplemented by a possible rise in adoptions and collaborations. EOS might claim a maximum trading price of $3.828. If the industry comes across another financial crisis or regulatory concerns. The price of the digital asset might stumble down to $2.461. Considering the bullish and bearish landmarks the average price might settle at $3.242

EOS Price Forecast For 2023

  If EOS carries forward a bullish note in 2023, whilst seeking supplements from volumes and notable announcements. The price of the altcoin might escalate to its potential high of $7.031. On the other hand, emerging rivals and stiffer competition might curb the price to a minimum of $3.556. Collectively, the average price might land at $5.469

Price Prediction Of EOS For 2024

 The stars would start inclining in favour of EOS, if it manages to onboard more developers, and attract institutional money. If this materializes in the periphery of 2022, the growing userbase might help the price rocket to $13.513. On the flip side, ebbing stance and depleting volumes might leave the price at $7.236

Price Trajectory For 2025

  EOS might collaborate with certain startups for the enrichment of its blockchain infrastructure. As well as for the transaction speeds by the end of 2025. Successively, EOS might reach as high as $24.157 by the end of 2025. Conversely, The price may slump to $13.498 if the community suffers from huge selling pressure.

YearPotential LowPotential High
2023$3.556$7.031
2024$7.236$13.513
2025$13.498$24.157

What Does The Market Say?

Wallet Investor

 According to the forecast of Wallet Investor, EOS might hit a maximum of $0.164 by the end of 2022. The firm expects EOS to reach minimum and average levels of $0.0548 and $0.1095 by the end of 2022. According to the analysts of Wallet Investor, EOS might surge to a maximum of $0.355 by the end of 2025. 

Digital Coin Price

  As per Digital Coin Price, the altcoin might establish a potential high of $1.76 by the end of 2022. The firm also holds predictions for the long term. The maximum targets for 2023 and 2025 are set at $1.98 and $2.75. 

Trading Beasts

  Trading Beasts has revised its prediction for EOS. It now expects the price to ascend to $1.9 in 2022. The analysts from the firm have pinned minimum and average price targets for the year at $1.292 and $1.52 respectively. According to the analysis, EOS might surge to a maximum of $4.02 by the end of 2025. 

Long forecast

Long forecast predicts that the EOS price could reach as high as $0.51 by the annual trade closure of 2022. Carrying forward the bullish targets for 2023 and 2025 are set at $1.11 and $1.47. 

Click here to read our in-depth price prediction of Chromia (CHR)!

What Is EOS?

  EOS is a project that is designed to enable developers to build dApps. The project aims to simplify things for programmers to welcome blockchain technology. Whilst ensuring that the network is simple to use in comparison to its competition. The network was launched in June of 2018 and is fast, efficient, highly configurable, secure, and developer focussed. 

The platform also hosts a training and certification programme. According to the makers, the network holds the capacity to accommodate the demands of hundreds, if not thousands of dApps. The protocol employs parallel execution as well as a modular approach to drive efficiency.  

Fundamental Analysis

  The EOS platform was curated by the firm named “Block.one”. The whitepaper of the project was written by Daniel Larimer and Brendan Blumer. While the position of CEO is held by Blumer, that of CTO is held by Daniel Larimer. 

Inherent to the leading blockchains such as Bitcoin, Ethereum, and Litecoin, EOS was developed to offer speedy transfers. The EOS blockchain is infused with many frameworks and protocols, aimed at accelerating the transaction speeds on the network.

EOS claims to process millions of transactions, making it the fastest blockchain technology. EOS.IO. is a blockchain protocol. The native cryptocurrency of which is the EOS coin. EOS is a software that sets up personalized blockchain architecture to allow dApps to be scaled horizontally and vertically.

Our Price Prediction

  If the network focuses on strengthening its developer army and continues to stick to revolutionary developments. The results of which will eventually reflect on the price of EOS. Which could surge to a maximum of $3.8 by the end of 2022. In contrast, a reversal in trends might bring the price down to $2.4

Historical Market Sentiments

2017

EOS entered the crypto market with a trading price of $1.01 in July. As the token was a new entrant in the market the currency could not gain the attention of the investors. And the price started to decline. EOS started to grow dramatically as it reached $2.95 in November. Interestingly, EOS spiked to $11.39 by December and further plunged to the low of $8.69 to end the year.

2018

EOS started the year 2018, with a steady recovery in price, and 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. Effectively, the token reached $22.89 to hit an all-time high on the 29th of April. Later, EOS’s price declined to $1.91 after the crypto market crash. At the end of 2018, EOS was seen exchanging at $2.61.

2019

  EOS started the year 2019 with a trading price of $2.595. The price took a steady ascend to $8.662 by the 31st of May. The altcoin took a plunge to $6.139 by the 8th of June. With certain price variations, EOS swelled to $7.641 by the 23rd of June. Further, the price started to plunge as the bears occupied the market. EOS traded at $2.567 at the end of 2019. 

2020

  EOS continued the year 2020 with a price of $2.57. Later the price moved to a significant resistance level in February at $5.27. EOS failed to maintain the stability of its price, as the price dropped to $1.90 in mid-March. The Covid-19 outbreak resulted in the fall of many altcoins. It was trading between the range of $2 and $3 with certain fluctuations throughout the year. EOS traded at $2.58 to end the year 2020.

2021

  The digital asset had initiated the year 2021 on a bearish note with a price tag of $2.63. After a euphoric 49.11% run until the 10th of January. The price fell back to levels around $2.639 on the 12th of January. After ranging sideways, an uptrend helped the price ascend to $5.376 by mid of February. But volatility in the business closed the month at $3.5. 

Post which EOS rallied 153% during the bull run to claim $8.854 by the 17th of April. After a pullback to $4.95 by the 27th of April. The price shot up 222.66% to $15.126 in mere 17 days. As the RSI surpassed the overbought regions at 77.76, the price corrected itself to $4.35. 

After a spike to $7.215, EOS slipped down to $3.426 levels. Following this, an uptrend pushed the price to $6.48 by the 5th of September. A steady downtrend called for the annual trade closure at $2.961. 

To read our price prediction of WAVES (Waves) click here!

FAQ

Q: What Is EOS?

A: EOS is a platform that is designed to allow developers to build decentralized apps (DApps).

Q: Can EOS be mined?

A: No, EOS cannot be mined as the number of tokens is fixed.

Q: Who are the Founders of EOS?

A: The EOS platform was developed by the company Block.one. And its white paper was authored by Daniel Larimer and Brendan Blumer.

Q: Is it worth buying EOS?

A: Yes, EOS can be worth buying, as it hosts commendable fundamental traits. Moreover, the returns would be impressive, if considered for the long term.

Q: How high will the price of EOS rise by the end of 2025?

A: The price of EOS might rise as high as $24.157 by the end of 2025. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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