There is no solid ground in the territory of the cryptocurrency, and of course there is a roller coaster ride.
Cryptocurrencies have taken investors on a roller coaster ride, receiving applause from crypto traders and criticism from naysayers.
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Many crypto traders seemed ready to move forward, but things have turned out to be very grumpy.
EOS price is a fair example of this bearish trend as it is rapidly losing ground across the board.
Don’t fall into the tangle. It is of course a good idea to check the value of cryptocurrencies before funding.
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Let’s peel the layers of the EOS price prediction. Discover where the EOS Coin Price is headed in 2019.
What is EOS?
EOS is a native cryptocurrency from EOS.IO, a blockchain protocol. It is software that creates a bespoke blockchain architecture to enable the horizontal and vertical scaling of decentralized applications.
The EOS software provides authentication, accounts, databases, asynchronous communication and scheduling of applications over a variety of CPU cores and / or clusters.
EOS price today
EOS is now at the top of the list of first wave gainers. The top cryptocurrency has gained around 10% since yesterday and another upward trend seems possible.
EOS maintains good market sentiment as around 85% of traders vote for a bull market in the short term.
EOS has increased earnings across all timeframes, with the exception of the annual and hourly rates where it is down 27.5% and 0.9%, respectively. Last month, however, EOS was up 30.0%.
EOS is currently trading at $ 3.08 while its market cap grows to $ 2.9 billion.
Technical analysis by EOS
In 2017, EOS took a sudden turn. Previously it was $ 1.21 with a market cap of $ 54 million. From then on, its instability was palpable for everyone and finally EOS reached a new high in January 2018. It changed hands at $ 18.16 with a market cap of $ 109 million.
As for the EOS price, tension seems to be moving fast. Unfortunately, a downtrend began with the price standing at $ 4.08 in March 2018. It finally hit $ 21.46 a few weeks later. At this point in time with a market cap of $ 176.6 million.
In 2019, however, as the recognition share is higher, the value flows upwards. EOS is technologically more advanced than many cryptocurrencies. At the beginning of the year, the price of the EOS coin was $ 2.88. The price slowly improved, reaching $ 8 by the end of the second quarter. Nonetheless, the coin was unable to maintain its strength for too long, with the price of EOS falling to $ 3 by the end of the fourth quarter.
EOS’s price drop has been pretty devastating. In particular, the USD value is down 4.2%, pushing the price to $ 3.51. There is also a 3.46% reduction in EOS / BTC, which brings that ratio down to 91,065 satoshi. Nothing irreversible has happened so far, but the all-encompassing trend is just not what most people were hoping for.
Looking ahead, EOS is expected to recover significantly in the coming days and maintain a stable pace of growth. It could hit $ 15 by the end of the year. When crypto regulation gets cheaper.
EOS price prediction 2020
EOS started the year at around $ 2.2. The less popular cryptocurrency moved quickly to break through major resistance, surpassing the $ 5.5 mark in the middle of the first quarter. However, immediately after the breakthrough, the coin began to drop sharply to see lower prices.
However, by the beginning of the second quarter, prices had fallen below the critical support at $ 2, but the bulls could not bring the markets much lower. Resistance at the $ 2 level was held strong and EOS traded sideways for the remainder of the quarter.
In the third quarter of 2020, EOS prices rose steadily to the USD 3.5 level and in mid-August the coin was trading at USD 4. Although there was a small drop in prices, this could only pull prices back a little towards the $ 3.6 area. As of now, EOS is changing hands at $ 3.37.
EOS price prediction 2021
By 2021, EOS could be seen as a significant rival aiming for the highest spot with Ethereum. The EOS infrastructure has slightly advanced technology that offers improved transaction speed, but Ethereum has been around a long time and they are more stable. We can assume that EOS is worth between $ 45 and $ 70.
EOS price forecast 5 years
By 2025, EOS had spent almost eight years in the scene. This is the estimated age that Bitcoin began enjoying the chaotic growth to fame, reaching $ 20,000. Although it is different with EOS and there is no confirmation that EOS will reproduce the result of Bitcoin. However, we can point out that EOS could hit at least $ 1,000.
EOS market forecast
Unlimited Tower is trying to generate positive exposure for EOS on social media. The company recently teamed up with DexEOS, a decentralized exchange based on EOS technology. While this partnership is pretty good business, it may not affect the end user right away. The current growth of the EOS ecosystem is undeniable, but that doesn’t mean the price will be kept in mind.
WalletInvestor: According to WalletInvestor, investing in EOS will prove to be a beneficial endeavor for investors who believe it could hit $ 911 in 2023.
Coin fan: Coinfan expects EOS to hit $ 47 this December after a number of months of constant profits.
TradingBeasts: Tradingbeasts.Com’s algorithm takes a much more conservative approach to the EOS price, setting it to $ 7 at the end of the year, which is still more than double the current price.
Our EOS forecast
Overall, EOS is a perfect enabler to help developers and engineers create decentralized applications. DMN predicts that EOS can reach $ 15 by 2019. EOS ‘scalability and crowd sale make it one of the most important tokens in terms of market capitalization.
Current EOS updates (EOS news)
#1. AdNode works with EOS
EOSIO enables EOS VC grant recipient AdNode to help agencies address the problem of wasteful spending and extortion in the multi-billion dollar global digital advertising space. By automating the digital advertising voting process, AdNode improves the dynamics of collaboration between ad buyers and ad sellers.
# 2.Scale decentralized applications with LiquidApps
LiquidApps hopes to change the future of scalability, collaboration, and interoperability of blockchain. Their integration with EOSIO ensures that developers can now access a whole range of important services that are crucial for building scalable dApps.
From extensive decentralized storage to robust oracles to LiquidChains – a blockchain-as-a-service solution that allows anyone to easily build a customizable EOSIO chain.
# 3. The release of version v2.0.5
On April 21, 2020, the EOS development team released EOSIO v2.0.5. The updates in this version include security, stability, and other changes.
FAQs
- Is EOSIO centralized?
In EOSIO, token owners can choose 21 block builders to filter transactions, which distributes power among the token holders and focuses the attention of all parties involved. The biggest difference between EOSIO and other blockchain protocols is how much they have decentralized the inner ideas of the chain.
- What are the transaction fees at EOSIO?
Blockchain platforms that use a proof-of-work consensus mechanism incur fees for every transaction processed. EOSIO eliminates these by making the network bear these costs
- Can EOS ever reach $ 1,000?
It completely depends on many factors such as growth and development. However, market forecasts indicated a price of $ 1,000 within the next 5 years.
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