Minerland_logo
#
EOS Price Prediction How much will EOS grow

EOS Price Prediction: How much will EOS grow?

  • 24 August 2021
  • 270 View

Even though placed in a highly volatile cryptocurrency market, favorable factors such as strong Blockchain-based security protocols and an advanced algorithm play a central role in influencing long-term investment in EOS. The EOS team’s primary goal was to ensure transparency while maintaining privacy. Let us hear what experts make as EOS price prediction.

What is EOS?

EOS is one of the most popular cryptocurrencies today, allowing you to build decentralized applications (DApps) in a simple and scalable way. EOS cryptocurrency was developed by a company called Block. one.

Founded in 2017 by software developer Daniel Larimer and entrepreneur Brendan Blumer, who still serves as CTO and CEO, the company began work on the project in 2017.

In June 2018, EOS officially activated after one year of initial coin offering (ICO). Despite a ban on US investor participation, the ICO raised more than $ 4 billion.

What is EOS?

EOS

How does EOS work?

EOS uses its own proof of stake EOSIO Blockchain that processes transactions in a fast, scalable and secure way. EOSIO 2.2.0-rc1 includes three new features: Read-only Queries, Private Chain Access, and Resource Payer.

Initially, EOS used ERC-20 tokens to distribute coins collected at the ICO, which facilitated the ICO process because ERC-20 tokens were often used to collect ICOs. Later, all ERC-20 tokens became native EOISO Blockchain tokens, allowing token holders to eventually trade and operate on the network.

Block producers in the EOS network are selected in the delegated-proof-of-stake mechanism (DPoS), which requires EOS token holders to lock their coins for more than three days.

The DPoS mechanism enables a lower entry threshold, which leads to more decentralization, lower power consumption, and greater scalability for the network.

Who are the existing EOS partners?

Recently, Google announced that it has partnered with Block. one to build the network Blockchain. This is one of the largest contributions to the cryptocurrency ecosystem to date and is likely to increase the popularity of EOS.

Another major partnership for EOS and developer Block. was recently formed with investor LACChain, an inter-American development bank initiative to promote the use of the Blockchain and develop a crypto market across Latin America and the Caribbean.

A similar partnership was established in Asia in 2018, as a $ 200 million Joint Venture Fund – EOS Global was created with local Blockchain technology entrepreneurs Michael Cao and Winnie the Pooh.

Recently, Wyoming became the first country in the world to formalize the DAO based on EOS or a decentralized government. DAO American CryptoFED has two tokens, Ducat and another Locke with 10 trillion tokens.

EOS Price Prediction: What affects EOS price?

The same principles that determine the price of any cryptocurrency influence the value of EOS. This is the total supply in circulation and market demand.

Currently, EOS is offering 955,956,725 EOS tokens with a ceiling of 1,032,040,470 EOS tokens. The total market value of the EOS is $ 4,548,499,077.67 and its 24-hour trading volume is $ 1,317,486,417.37. Due to the main EOS network, the demand for the digital currency will increase more and the surrounding ecosystem will develop more.

EOS price analysis and history

EOS has spent most of the past two years trading above $ 2 after the previous high of $ 22.89 in 2018 was fully tracked. Since then, the EOS has begun to recover as the main resistance has been tested at around $ 5.

At Bull Run 2020-2021, the EOS price increase led to $ 14.37. Its highest level in 2018 remains intact. However, since the start of the downtrend, the price of the coin has dropped significantly as it currently trades at $ 4.75.

EOS price analysis and history

EOS price chart and History

Technical analysis of EOS price

In previous years, EOS traded in a relatively large range of $ 2 to $ 4, after most of the gains seen in the previous bull cycle were recovered. Currently, the EOS is overcoming the $ 4 resistance and is trading just below $ 5, which, as mentioned earlier, was a strong turning point for the market.

When we see that the EOS has crossed the $ 5 mark, the next main price target is set at around $ 8, which means that we can almost double the EOS in the coming months. Next, the EOS is ready to try again at its peak at $ 23.

When we look at price performance over the past years, we can set a positive EOS Price Prediction. In mid-February, the EOS / USD traded up more than 100 percent from a low of around $ 2.4 to a high of $ 5.6. After a short break and moving below $ 5, EOS / USD tried to move higher again.

If BTC falls, we can say that the whole industry will see another fall in EOS price targets. But we can also confirm that in the event of such a situation, price targets will rise faster in the coming months. EOS started the year with an uptrend, but is now recovering from the downtrend.

Technical analysis of the price of EOS

EOS Price Prediction: The Technical Analysis & Algorithm

This unique feature of the eos.io Blockchain platform shows that transaction information is collected separately and not among other information in the same block, thus facilitating the exponential speed of transactions at a speed of 2 million transactions per second. Slowly the technical analysis of this type of Blockchain technology and a smart contract should act as a significant power booster and be revolutionary in the world of payments. EOS, which acts as a catalyst for rapid transaction activation in the global payment ecosystem, should revolutionize finance, especially decentralized applications.

In terms of price trend, EOS was trading with strong upward momentum since the year begins. However, it faced slight pullbacks in between bullish rallies along with other major altcoins of the crypto market. According to the recent price scenario, the EOS coin might continue its bullish rally with volatility.

How much will EOS be worth?

The minimum price we expect the EOS to reach by the end of 2021 is the previous record high of $ 23. Given that the coin is currently trading at $ 4.75, only the EOS / USD price needs to be less than six times.

Given the previous EOS price history, when the EOS rose from a low of $ 1.5 to $ 23, a price increase of more than 15 times, we can see a similar increase for the current cow cycle. If we consider the current lowest price of $ 2 as the base price, it means that EOS will reach at least $ 30 by the end of 2021.

From there, the further increase in the EOS market price depends on how the overall cryptocurrency market moves. If the price of bitcoins and major altcoins continues to rise, EOS looks set to peak in 2022.

EOS Price Predictions

Several EOS price forecasts have been made recently. They range from very low to very high. Therefore, it is difficult to estimate the average EOS price forecast for the coming years, and we need to look in more detail. Below are some of the most popular EOS Price Prediction using technical analysis.

Wallet Investor EOS Price Prediction

Wallet Investor for EOS is very declining in the coming years. They estimate that EOS will run until July 2022 at $ 4.77. Wallet Investor says it trades around the US $ 7.19 over five years.

Wallet Investor EOS Price Prediction

Short and long term price prediction EOS by Wallet Investor

CryptoGround EOS Price Prediction

According to CryptoGround, EOS may end the year at $ 5.8813. Over the next year, the Blockchain protocol price analysis will announce it at $ 6.3466.

EOS price prediction by CryptoGround

DigitalCoin EOS Price Prediction

DigitalCoin has conservative but bullish EOS forecasts for the coming years. They estimated that EOS will be $ 7 by the end of this year, with steady growth in the coming years. The EOS plan is to reach $ 21.46 by 2028.

DigitalCoin EOS Price Prediction

EOS Price Prediction 2021, 2025, 2030

Is EOS a good investment in 2021?

When you look at the technical analysis and EOS price history and EOS Price Prediction, after stopping the strong downtrend in the second half of 2019, in most of 2019 and 2020, it has stabilized above the $ 2 mark.

This year, the price started to rise slowly again and then dropped sharply and is now below $ 4. At the time of writing, the EOS is trading at around $ 3.6.

Therefore, when we look at the price performance of EOS in the past years, we can see the upward price structure. The EOS is likely to move much higher this year as it appears to have broken the previous record high of $ 23.

In addition, EOS has announced a partnership with Google Cloud Services to assist the network in Blockchain generation. Therefore, the EOS Price Prediction for 2021 is very bullish. If the current movement continues, we should see that EOS reaches its highest level of $ 23 by the end of 2021, which means that it is a very good potential investment decision.

EOS Price Prediction 2022-2025
EOS Price Prediction 2022

Considering there are no sudden jolts or a stony path ahead for cryptocurrency markets, the EOS token is all set to affirm its strong position in the cryptocurrency market, crossing all barriers scaling $25.

EOS Price Prediction 2023

A fast and reliable network can help the EOS coin to get a much higher price. The EOS Price Prediction for 2023 is $ 30 per coin. If the Bull Run for application ciphers continues until 2023, the price may see even a paradigm acceleration.

EOS Price Prediction 2024

There is a lot of speculation about EOS. In particular, given the technological announcements and the company’s progress in the design, there are assumptions that the price may increase. The EOS forecast for 2024 is around $ 38. Due to the security features and major scalability with exciting promotional measures, it is possible to greatly increase the price of EOS in such a short period of time.

EOS Price Prediction 2025

EOS initiatives focusing on training, expansion, and innovation may bring them to a significant level of $ 35. In a long-term scenario for 2025, EOS may accelerate with other cryptocurrencies to $ 40- $ 45, making it a worthwhile investment after the Bitcoin cloud mining.

What is the future of EOS?

EOS developer Block. one continues to develop Blockchain and recently announced a partnership with Google cloud to maintain its network. If we see more such partnerships, EOS should continue to grow in the coming years. Not only in terms of price but also in terms of popularity.

Blockchain itself offers fast processing and scalability. With the development and overall popularity of smart contracts and decentralized applications (DApps), EOS should grow as one of the leaders in the ecosystem.

Conclusion

EOS is one of the most popular cryptocurrencies in recent years. The initial public offering of the one-year coin raised $ 4 billion by mid-2018, making it one of the largest and most well-known ICOs to date. Since then, Block. one and the surrounding community have continued to develop EOS as one of the best-proven Blockchain profiles with high speed and good scalability.

Given EOS price performance in previous years and the current uptrend in the first months of 2021, we expect EOS to reach its peak by the end of 2021. Currently, the EOS is trading at around $ 4.75, which means we can quadruple the price by at least four times

From there, much depends on how the overall cryptocurrency market performs. However, according to many estimates, EOS should reach the $100 mark by 2025.

One response to “EOS Price Prediction: How much will EOS grow?”

  1. Yanga Jili says:

    Wise information and interesting too

Leave a Reply

Your email address will not be published.