Ethereum – Will EOS price Rise in 2021?
EOS has caused many heated discussions in the crypto market. Will the coin compete with Ethereum? Today in our EOS price Prediction, we have gathered all the related information about the coin, the fundamental used in the project, it historical price analysis and the EOS price prediction form experts. By the end of this article, we’ll have covered almost all information that investors and traders need to know of EOS before making any investment. Let’s get started
What is EOS – The Story?
EOS is a Blockchain platform of the next generation that continues to attract strong media attention for its record-breaking ICO and exclusive functionality. The EOS.IO community is particularly popular, intending to make decentralized applications (Dapps) and simplify the programming and integration of smart contracts.
The most surprising feature of the EOS.IO platform is that by its special framework, it virtually excludes transaction charges. The platform is also incredibly flexible. EOS.IO can exceed major loan cards such as Visa for transactions per second, as stated in reports. Thus, EOS gives Dapp developers the perfect platform.
Daps are protocols that operate through decentralized networks, such as tor or Blockchains. To facilitate collaboration within the industry, Dapps are dependent on a set of standards. Dapps, therefore, gives the community a more sustainable business solution.
What Is EOS Coin Used For?
EOS has a native cryptocurrency like other Blockchains, simply known as EOS. You have to pay transaction fees when using the Ethereum Blockchain. This is called GAS, which is highly costly because more and more users are using the network. Thus the network is not suitable on a global level when it comes to sending the minimum amount of money. This does not benefit on a worldwide basis, so submitting small sums is not worthwhile. That’s why Ethereum was built. When people have to access the network, they rent the virtual machine of Ethereum, which requires a transaction fee.
The EOS model is however different: EOS coin holders own the network instead of “renting” computing power. The EOS coin works in conjunction with any other cryptocurrency. You can easily make the transaction between any wallets. It is a perfect payments system since in just a few seconds you can send money for free to anyone on board.
With its multibillion-dollar ICO, it is no wonder that EOS was listed on the majority of major exchanges in the initial days. The network launched its key network formally in April 2018. The launch led EOS to a new all-time high of $21.46
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EOS price Analysis & History
The EOS’ value changed considerably over the past year – as seen in the chart below, the price increased considerably by February 2020, but then abruptly after February 15th, it turned rock-bottom. EOS has since steadily declined – with one exception: the second spike in August 2020, and a drop afterward.
Throughout the year, EOS hit a high all-time value of $5.36 per token, compared to EOS price of $1.86 per token this year. This gave traders a very good opportunity because of two years of decline and a bearish market. Since the fall of September EOS has not been able to expand its bullish accomplishment above $3. Furthermore, a falling triangle indicates that the EOS value may be down to $1.75. This descending pattern of the triangle was created in 2018 – so it’s done and done. The coin is currently trading for $2.65.
EOS price Prediction 2021
TradingBeasts prices prediction for EOS is more likable. The coin is expected to reach around $2.00394 by May. The potential is expected regarding this seen. It is expected that EOS will be traded with a value of $2.54680 by December 2021.
According to the Wallet Investor, EOS is the best option for long term investment. But in short term, it is considered a bad investment. According to their platform, the coin is believed to be traded $0.263 – $4.5. Stating that there, not much scope in investing in EOS right now.
EOS price Prediction 2022
The algorithm of TradingBeasts has a more conservative approach for EOS price predictions. For the price on which the coin is trading right now, it is expected that EOS will hang around $2.37010 to $2.90390. By December 2022, the average price of the coin will be $3.22002.
Not much of a likable outcome that we get from Wallet Investor. To be said, Wallet Investor has not so many hopes on this coin. According to their forecasts, the coin will reach the $3.088 mark in May 2022. The maximum reach out price is predicted as $5.291. But after the rise, it will be a dead drop and again will be traded around $0.151 to $0.783.
EOS price Prediction 2023
If the prediction is right, it is safe to say that we will soon see the real potential of this coin. The coin has done so much better in the past that analysts and traders are optimistic to see the rise. EOS is expected to perform 53.98% much than its predicted price in 2022. The analyst team of TradingBeasts has concluded that EOS will be traded around $4.00341 at an average price by 2023.
EOS does not have so much history for forecasting its price patterns. The coin has seen worse is considered as an average investment by Wallet Investor. There is no single chance that by 2024, EOS will be traded above $1. According to their forecast which is listed month by month, it is expected that EOS may reach $0.0274 in December 2024. Highly unlike, June 2024 will be slightly profitable as the price is predicted to be wing around $0.118.
EOS price Prediction 2024
The EOS price is forecasted to reach $4.37182 by mid-2024. The volatility of the market is nonpredictable. If the market gets volatile it is expected that by the need of 2024, the price of 1 EOS token will be $4.71557 by December 2024.
Crypto enthusiasts want to see what might be in store for the prices of EOS in the next few years. Although there is no much hope left. Wallet Investor predictions are quite diplomatic and easy to believe. The prices are expected to be around $0.3478 to a maximum high of $0.87. Not to be expected, the prediction clearly shows that for EOS it will very hard to cross the $1 mark.
EOS price Predictions for 2025
The performance of the EOS as a cryptocurrency Blockchain would depend on the success, consistency, and willingness of its team to remain transparent and sensitive to community needs. Where TradingBeasts is predicting that the prices will reach above 5$ mark, Wallet investor is showing quite a disappointment. They have forecasted that the prices may fall to $0.15 by the end of 2025. The difference between both of the above predictions is a lot.
EOS price Prediction for 2021, 2023 and 2025
A price spike for EOS coin is predicted by Coinliker. The expected 5-year growth is above 5000%, for $130 per EOS. The forecast suggests that every year there will be a positive profitable increase. You may know something that we do not, but EOS is a great investment according to Coinliker’s price forecast.
The Coinliker predictions are highly doubtful and surprising at the same time. Where other analyzing platforms are showing such a disappointment level, Coinliker never ceases to amaze us. By 2023, EOS is expected to reach a price of $90.91. 2025 will be a great year for EOS. By trading for $130.27, EOS is looking for a good long-term investment opportunity.
Our take on EOS price Predictions
EOS lets developers and engineers build decentralized applications seamlessly. Investors and tech-savvy people are putting a lot of effort into making the conclusions. Not for the short term, but for the long term EOS might be the best opportunity to look after. Our analysts have predicted that EOS is most likely to grow as much as Ethereum in the coming years. The scalability of the coin will improvise as it is being said by our team that the coin will be traded at a value of $5 in the next few years. Of course, the bitcoin value highly affects the coin’s growth. But still, there are other factors such as brand visibility and a market cap that plays a pivot role in growing the organization.
How to buy EOS
It’s easy to buy EOS. You can start by looking at any major exchange that trades EOS like Binance, Poloniex, or KuCoin. You cannot directly buy EOS from them with fiat currency. You have to buy bitcoin to trade with EOS later.
You simply need to find a BTC/EOS trading pair here. Then as much as you want, you can trade BTC to EOS. You can make this trade happen in only seconds.
Where to Store Your EOS
A cold wallet such as a Trezor the safest place to store your EOS is offline. Your EOS is safe because of its protection against online threats. You can still use the Open Source Command Line Interface (CLI), which comes with the Blockchain if you want a more affordable option. This is the safest way to go next. There is a great range of third-party wallets to take into account if you want flexibility. here is a list of best EOS wallets to store your coins in 2021.
EOS price Prediction FAQs
Is EOS a better investment?
Considering for it in a long term investment, it is projected by various platforms that EOS can perform well in coming years. According to the market predictions, EOS is expected at a value of $5 by 2025.
Is EOS better than Ethereum?
By comparing both platforms, EOS can replace ETH as the dominant smart contract platform for the crypto community. In short, EOS is an improvised form of Ethereum in many ways like transaction fees, scalability, and more of a centralized model.
Will EOS reach the $100 mark?
According to all the predictions made, major analysts think that $100 is quite an unapproachable amount to be considered. By 2025, EOS will spend almost 8 years in the community. Taking the place of Ethereum in the future, we can say that by 2030, the $50 mark can be achieved.
EOS is an excellent platform for designing decentralized applications by developers and engineers. This coin is committed to professional investors because of its innovations and underlying concepts. The EOS project has all it wants for success in the future with massive investment in the coin and its seasoned team.
We highly advise you to do as much analysis as possible, before investing in EOS. Look out for the latest market trends and expert opinions regarding future predictions. Regarding any questions, we will be more than happy to help you. Comment below and we will try to answer your queries as fast as possible.