The steady growth in the past and the current spike might have attracted you to hold some. Are you willing to be an EOS holder yet want to discover the future prospects of the asset?
Then you are at the right place as this article aims to provide the brief information regarding EOS and its price prediction for 2021 and beyond. All your thoughts will be clarified at the end and you will have clear information on how best you can allocate EOS in your portfolio.
|Market cap||$ 3,922,357,268.0000|
|Circulating Supply||$ 961,554,361.5569|
|Trading Volume||$ 1,045,564,909.0000|
|All time high||$ 22.7100 April 29, 2018|
|All time low||$ 0.5024 October 23, 2017|
EOS Fundamental Analysis
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, 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 Price Prediction 2021
EOS initiated the year 2021 on a bearish note with a price of $2.63. The price kept on surging and smashed $10. The price is expected to maintain the uptrend and eventually trade in between $18 to $24 by the end of 2021.
EOS Price Prediction 2022
EOS may start the year 2022 with $22.75 and could swell further. Targeting the advancement of transparency for its platform and concentrating on enhancement of its protocol, the price may hit a high of $45 to end the year 2022.
Price Prediction For The Next 5 Years
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
Investing in EOS could turn out to be an unfavourable investment for investors, according to WalletInvestor, They claim that the price may drop from $10.092 to $7.135 in the coming year.
According to DigitalCoinPrice, EOS will trade at $17.84 by the end of 2021 and by 2025 the price may reach $30.16.
According to TradingBeasts, By the end of 2025, EOS price may reach $13.188
Longforecast predicts that the EOS price is expected to reach $32.82 to $40.73 by the end of 2021 and reach $71 to $88 by the mid of 2025
Historical Market Sentiments
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. Dramatically, EOS started to grow 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 2017.
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. Effectively, the token reached $22.89 to hit an all time high on 29 April. Later, EOS’s price declined to $1.91after the crypto market crash. 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 recover 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 continued 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. It 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 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.
As per the predictions of the experts, the EOS price may rally to hit $20 in 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.