InformationPrice Prediction

Die Or Shine? Find The EOS Price Prediction 2019

EOS price Prediction

QUICK NAVIGATION :

In the cryptocurrency space, there is no such thing as stable ground, Of Course there is a rollercoaster ride. Agree?

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

Many crypto trader seemed ready to move forward, but things have turned out to be very crabby. The EOS price is a good instance of this bearish trend, as it is quickly losing ground across the board.

Don’t fall into the trap. Checking the value of cryptocurrencies before investing is obviously a good idea.

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

EOS Price Today

With the  Market Cap of $ 4.22 B and a huge circulating supply of 906,245,118 EOS coins, EOS sells for $ 4.13. EOS is on the 4th place in the rating of world cryptocurrencies. It is available on various exchange platforms, so you can easily buy some coins.

Fundamental Analysis

EOS is a native cryptocurrency of EOS.IO which is a blockchain protocol. It is software that establishes a blockchain architecture customised to enable horizontal and vertical scaling of decentralized applications. The EOS software offers authentication, accounts, databases, asynchronous communication and the scheduling of applications across wide range of CPU cores and/or clusters.

Technical Analysis

Back in 2017 EOS saw a sudden turn of events. Previously, it was trading at $1.21. With the market capitalization of $54 mln. From then on, its unstable nature became obvious to all and finally, on Jan 2018, EOS reached a new peak. It was trading at $18.16 with a market cap value of $109 mln dollars.

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

Well, let’s see how the EOS is working in 2019

EOS price Prediction 2019

The EOS price decreased by a large percentage in the session on Monday, suffering huge losses around 8.5%.

At present, the damage to the EOS price is quite high. Particularly, there is the 4.2% decline in USD value, pushing the price down to $3.51. There is also a 3.46% decrease in EOS/BTC, which drives that ratio down to 91,065 Satoshi. So far, nothing irreversible has happened, but the overall trend simply isn’t what most people had hoped for.

However, the acceptance ratio of the coin is continually increasing together with the EOS current price, as the platform offers great forecast for the development of decentralized applications and overcome Ethereum and Bitcoin in terms of technology.

At present EOS ranks 4th in the list of top 100 cryptocurrencies by market cap. Moreover, EOS is assumed to drop its price in March and gradually recover in May, maintaining a reliable growth pace till the end of 2019, when it may reach  $15. If the crypto regulation becomes more favorable, the coin’s price is expected to hit $70 USD in December 2019.

Price Prediction 2020

By 2020, EOS might be seen as a serious rival competing with Ethereum for the ultimate spot. The EOS infrastructure brags a slightly advanced technology which provides  improved transaction speed, but Ethereum has been around for long run and they are more stable. We may expect EOS to worth between $45 and $70.

Price Prediction 5 years

By 2025, EOS have spent almost eight years on the scene. This is the approximate age Bitcoin began to enjoy the chaotic rise to fame, reaching $20,000. Although the it differ in case of EOS and there is no assurance that EOS will replicate Bitcoin’s result. However, we may predict EOS might at least reach $1,000.

Expert Perspective

On social media, Unlimited Tower try 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 reacing $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.

Recent Updates

Block.One Launches A Social Media Platform On EOS Blockchain

Block.one announced at a glitzy event in Washington, D.C., the new platform is called Voice. Voice will run on the EOS blockchain. This is also upgrading to a faster Version 2.0. By using this public chain, everything posted to EOS will be public.

Coinbase Supports EOS Cryptocurrency

Coinbase announces EOS cryptocurrency support for its retail customers. In a blog post, it says

EOS will be available for customers in most jurisdictions, but not initially for residents of the United Kingdom or the state of New York. Additional jurisdictions may be added at a later date.

Tether is Now Available On EOS Blockchain

Tether announced its partnership with EOS parent company Block.one. It is basically to release its stablecoin (USDT) on the EOS blockchain (EOSIO). Tether developed the Tether EOS smart contract, which is sent to the EOS account “tethertether” and peer-reviewed by the Canadian branch of EOS.

$167 Million Worth EOS Burnt

About 34 million EOS worth $167 million was permanently removed from the circulation. This move initiates to drastically lower the inflation rate on the protocol from 5 to 1 percent. The initiative executed on May 7 and 34,171,037 EOS was permanently removed from circulation.

CoinPayments To Accept EOS Coins

Recently, a press release in George Town, Cayman Islands, on March 1, 2019, merchants who use the CoinPayments gateway will now be able to accept EOS coins. Reports claim that this makes CoinPayments the first payment gateway that provides merchants to receive the EOS token.

Wanchain To Integrate EOS

Wanchain will integrate EOS in between the months, April and June 2019. Oliver Birch who is Wanchain’s Vice President of Communications and Growth, elaborated that the reason behind choosing EOS is their recent great performance.

Tapatalk

Tapatalk which is a leading mobile forum app announced in February that its Gold Point reward system will be powered by the EOS blockchain. The main purpose is to incentivize and monetize member engagement across the various forums.

Biggest Announcement Coming Soon

According to the EOS founder Dan Larimer, EOS will have a big announcement in June. Larimer was interacting with users of the EOS Telegram group when he revealed:

June will be biggest news since EOSIO announcement.”

The EOS network operated more than 87 million transactions per day during peak activity.

The EOS  ecosystem displays the capacity to carry huge volumes of daily transaction count. Based on Blocktivity data, the EOS network improved its own record of more than 48 million transactions per day, up to 87.2 million transactions.

Crypto Exchange OKCoin Adds Decentralized Blockchain App Protocol EOS to Platform

OKCoin has begun to receive inbound transfers of EOS. Additionally started withdrawals of the tokens. Spot trading will be started initially with the EOS/USD pair.

Our 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 makes it most significant tokens, as per the market capitalization.

What is your EOS price prediction? Share your thoughts on our Twitter and Facebook pages.

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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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