Amongst the countless uses of digital currencies and blockchain technology is its ability to create decentralized technology and apps. But where does one go to create said apps? EOS is one of the main options. A fascinating decentralized system infrastructure that enables the development, hosting, and execution of commercial-scale decentralized applications, the price prediction of this technology is exciting, to say the least.
Just a short while after its launch, EOS saw returns on investment of up to 4483%. Naturally, this has thrown this innovative digital currency into the spotlight and led to increased demand for an accurate EOS price prediction forecast.
But the price surge left many wondering if they had missed the boat on EOS and whether investing now was a good idea. I was one of those people until I began to use a range of factors to research the future price such as the following:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in EOS, and I’m not alone. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months.
But what does the future hold for EOS investors who get on board early enough? Will it rise once again? Our EOS price prediction aims to answer all. But first, let’s start with just what it actually is and how it works.
What is EOS?
Originally launched between 2017 and 2018, EOS was created by Dan Larimer and Brendan Blumer as the native cryptocurrency of the EOS.IO blockchain. During the initial coin offering in 2017, it rose over $4.197 billion and broke records for the largest amount of capital raised in an ICO.
The role of the EOS.IO is to provide a working solution for scaling computer resources, emulating computer processing hardware, and storage. Like many other altcoins, EOS made fixing various issues associated with the main crypto players of Bitcoin and Ethereum a priority. These issues ranged from speed and flexibility to scalability issues and high fees.
“The governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, Dickensian, outmoded system called banking when the solution to the future of finance is peer-to-peer. It’s going to be alternative currencies like Bitcoin and it’s not actually going to be a banking system as we had before 2008.”– Patrick Young
Although one of the more controversial altcoins, EOS has some of the most significant long-term profit potentials on account of its disruptive technology that has the potential ability to change the future of computer resources and applications and improve upon several businesses and industries.
Currently sitting at 23 in the top crypto assets by market cap, EOS is one of the cryptocurrencies with the most expected growth and positive outlook in the long term. With a total supply of 1,029,909 tokens, it is also classed as a scarce asset which positively affects its value.
Do you still have questions about EOS? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about EOS to give you a better understanding of the original digital asset and its price potential.
What makes EOS unique?
Rather than “renting” computing power, EOS coin holders have ownership of the network. For example, if you owned a 1% stake in EOS coins, you would essentially own 1% of the network, meaning you would own 1% of the required computing power to process the transaction.
Who uses EOS?
Eos is increasingly being adopted by major businesses and institutions. For example, Everipedia, a for-profit, wiki-based online encyclopedia, is amongst the institutions that have publicly announced their use of EOS. By using this technology, Everipedia aims to get around censorship imposed by countries like Turkey and Iran.
How does EOS gain value?
Like most cryptocurrencies, the value of EOS is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its numerous advantages of being a disruptive technology, support for EOS is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can EOS reach $1,000?
Due to the recent phenomenal performance of EOS, many have been left wondering whether this high-speed and affordable asset can ever reach $1,000 per coin. EOS has demonstrated the ability to surge from $0.48 to $22 per coin in the past. Some experts predict that it has the ability to hit $160 within five years. So whilst $1,000 might be a long way off, it’s not impossible.
Where do people buy, sell, and trade EOS?
You can buy, sell, and trade EOS from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
EOS Price History
As one of the more recent altcoins on the market, the price history of EOS is naturally limited. However, the short but sweet price history of EOS can provide a potential price prediction for us to analyze.
In the early days of its development, EOS began a coin offering that resulted in over $4 billion raised for the company. Upon its initial launch in 2018, the price was around $0.48 per coin. In the same year of its launch, the price surged to $22 per coin. But this soon dropped when EOS was affected by the mass sell-off at the time.
In 2020, the price of EOS was hovering between $2.43 and $3.47 per coin. In 2021, EOS jumped back up to over $14 per coin but failed to set a new all-time high. At the time of writing the price of EOS was sitting around $4.
Expert analysis of the EOS price potential
One of the best tools we can use to try and determine the potential future price of EOS is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Coinpedia is bullish on the EOS price prediction. They predict that if EOS enhances its own blockchain infrastructure and transaction speeds over the following five years, then the price has the potential to skyrocket to $160 per coin by 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to EOS, they are also bullish but not as much as Coinpedia. WalletInvestor predicts that the price of EOS could rise to $4.629 by the end of 2021, and reach somewhere around $6.554 by the end of 2025.
DigitalCoinPrice has another bullish outlook for EOS, albeit slightly less so than WalletInvestor. DigitalCoinPrice predicts EOS to reach $5.6 by the end of 2021, $7.83 by the end of 2023, and finally, a figure of $11.35 by 2025.
Another rather bullish expert analysis on EOS is LongForecast. They predict the price of EOS in 2021 to drop to $6.64 by the end of the year. In the following three years, they expect the price to rise to a high of $16.80 by the year 2025.
So from over $5 in the short term to up to over $160 in the long term, the overall expert analysis on the future price of EOS is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of EOS?
Technical analysis of the EOS price potential
Now we move onto technical analysis to try and predict the future price of EOS. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
EOS Price Prediction 2021 – 2022
Since the beginning of 2021, the price of EOS skyrocketed by 143% from $1.67 to $4.07. It’s predicted that the EOS price will rise an additional 57% in the second half of 2021 and it’s then expected to close the year at $6.39. A year-to-year change of +282%.
EOS Price Prediction 2022 – 2023
After starting the year at $6.39, it’s predicted that the price of EOS will rise to $8.31 per coin in the first half of 2022, it’s then expected to gain an additional $1.87 and finish the year at $10.18, which is a +150% gain on the current price.
EOS Price Prediction 2023 – 2024
After starting 2023 at $10.82, EOS is expected to drop slightly to $9.68 midway through the year before going on the rise again and ending the year at $11.13 at an overall annual increase of 173% from the current price.
The technical analysis of the EOS price prediction forecast tells us that the price of EOS has the potential to reach up to and possibly beyond 282%. This data was provided by technical analysis from the Coin Price Forecast.
EOS Price Prediction 2024 – 2025
After starting 2024 at $11.13, EOS is expected to rise to $12.56 halfway through the year. The second half of 2024 is expected to see the price of EOS end the year at a higher price than the first half of 2024 at $13.55. That’s an overall annual increase of 233% on the current price.
With its disruptive technology, high speeds, low fees, and ability to fight censorship, the EOS price prediction looks to have a possibly promising future. We can determine this from the total EOS supply, current prices, and the previous all-time highs. All of which tells us that this technology has strong price potential and it’s highly likely that the future price outlook can only get better from here.
Many speculate that EOS’s future price will have a price target well above the previous all-time high. But where to invest in this innovative investment for the long term? The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy EOS
EOS is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on EOS. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. EOS is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of EOS and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.