All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. On the way up, it seems that a breakout above $2.65 can drive the price of EOS towards the high of $3 in the short-term. On the other side of the fence, a bearish breakout below the support level at $2.55 will push the digital asset down to $2.43. Nonetheless, on the 12-hour chart, EOS is still facing a strong resistance level at $2.66 in the form of the 100-SMA. On the way up, there is another resistance level at $2.85, the 200-SMA which will most likely coincide with an overextended RSI. Block.One has also recently launched a suite of new services for EOS to build more accessible blockchain-based solutions.
If there’s one cryptocurrency, which is getting most of the optimistic prediction, EOS is the one. Business Insider predicts that EOS is going to evolve as the most formidable ICO in the Ethereum network. The EOS crowd sale and scalability makes it one of the five most significant tokens, as per the market capitalization. The multifunctional EOSIO platform, Bloks.io has been acquired by Metal which is a blockchain-based payment platform.
After a breakout of resistance and signaling the end of the bear market, EOS could experience another extremely powerful burst upward, returning to prices near $15 per EOS in 2021 or 2022. EOS doesn’t have much price history to analyze for repeating patterns, however, the symmetrical triangle the asset has https://tokenexus.pro been trading within for its entire lifecycle was preceded by a powerful rise. EOS/USD 4h chartThe technical analysis of the EOS/USD pair on the 4-hour chart doesn’t reflect any positive trend. EOS tried to break through the 200-Day Moving Average but failed to hold above this important support level.
He was also integral to the founding of other crypto companies BitShares, Steemit, and Graphene. Larimer’s support and involvement suggest that EOS has long-term potential in the market, and this will have an impact on long-term EOS price projections. From the EOS ICO launch to current prices around $3.50 per coin, EOS has brought investors an ROI of 244%. EOS/USD daily logarithmic chart 2020It was hard to predict that the whole world would suffer from the coronavirus pandemic. EOS was among the cryptocurrencies that haven’t recouped the damage done.
PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing eos coin price prediction your money. At the $65-70 price target, EOS would bring a return of between %, crushing the gains of nearly every other asset class in history. But the $65-70 price target was the middle of the range for many top analysts.
It is important to apply caution when considering that most EOS price predictions are based on various crypto prediction sites in the world. No one can accurately tell the future of any coin but it can be agreed that most analysts agree about the future of EOS looking positive. The value of EOS also seems to be on a continual increase based on these forecasts. Due to its positive trend in the industry since its creation, Eos has great potentials, positive price prediction, and a spot with many investors. If EOS price ever makes it back to its highest point in the crypto market according to the EOS forecast, then investors who choose to invest with EOS will profit highly. Based on the positive price predictions of market experts above, it’s easy to gain interest in the long term potential of EOS.
There is a correlation between price appreciation and public interest in cryptocurrencies, such as EOS. The chart below shows how search volume has changed for the phrase “EOS Coin” over the last 90 days. The EOS price prediction by Wine Trader shows that the cryptocurrency will soon test the $2.88 resistance. The cryptocurrency traded above $2.5 on the 11th of November. These experts suggest selling off your holdings as it might be the best decision you could make right now. EOS has a high vision with its project with Dapps and will take on an important part in the financial market. The reason why this market has been able to stay among the top ten cryptocurrencies is that it tackles problems attached to various blockchain networks.
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Although their price prediction for EOS to reach $10 in 2020 hasn’t materialised yet, they forecast a bright future for EOS blockchain. CoinSwitch predicts that in 2021 the price of EOS will rise to $15, and will forex keep growing to $100 by 2025. This prediction aligns with Coinliker’s, as they both forecast a massive price increase in the future. In May 2018, there were reports of security flaws in the EOS blockchain.
Eos Price Prediction 2020
Although it differs in the case of EOS and there is no confirmation that EOS will reproduce Bitcoin’s result. Looking ahead, EOS is anticipated to considerably recover in Coming days, retaining a stable growth pace.
EOS took care of the high rate of charges attached to other top cryptocurrencies like Ethereum, Bitcoin and others and is also far more flexible. The EOS’s white paper was released in 2017 and was launched the same year in June. It broke previous records and won the top position as the coin to have raised the highest capital during an ICO; it raised over $4 billion at a go. As a part of the bitcoin induced, market-wide move – EOS could definitely rise in price and hit local heights of $5 per token.
Vote “Underperform” if you believe the stock will underperform other cryptocurrencies over the long term. EOS produces its own wallet software that is available for download on its website, which allows you to store EOS on your computer. It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. forex Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including EOS. Sign-up to receive the latest news and price data for EOS and its competitors with MarketBeat’s CryptoBeat newsletter. Information on these pages contains forward-looking statements that involve risks and uncertainties.
Eos Price Prediction 2018
- EOS price predictions were very promising, helping the coin to become one of the major parts of the industry, which it remains to be to this day.
- EOS is software that sets up personalised blockchain architecture to allow decentralised applications to be scaled horizontally and vertically.
- Here is our ultimate latest price prediction for 2020 on EOS cryptocurrency.
- EOS is a cryptocurrency designed to support large-scale decentralized applications.
- Its understandable market niche alongside technical sophistication of the team provided it with sustainable growth and positive media presence.
- There are no fees to send or receive EOS.” The platform made this statement after adding support for the EOS cryptocurrency for its retail customers.
EOS is currently trading at $3.08 as its market capitalization soars to $2.9 billion. Trading Beasts is a regular cryptocurrency prediction site, which predicted that by 2020, EOS might touch the $10 mark.
Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained https://soundemic.co.uk/2020/10/14/what-does-polymath-mean/ professional experience as a PR for a local political party before moving to journalism.
(-51.326% ) after a year according to our prediction system. Similar to Ripple, EOS.IO is able to compute millions of transactions per second, which is in total contrast to Ethereum’s 20 TPS and Bitcoin’s 3-4. The block one platform allows 50,000 transactions every second leveraging the smart contracts. Google Cloud has joined the blockchain community of EOS with the objective of becoming a block producer once the community approves of it. The highest and most profitable of the price targets would be at $349 per EOS token.
You can click on exchange links directly to buy or sell Eos or other coins easily. Since Daniel Larimer announced the EOS blockchain development, the platform has continuously caused many heated discussions and even scandals within the crypto community. What does this have to do with EOS, and why has it formed armies of haters and admirers? By the end of this article, we’ll have covered everything traders and investors need to know about EOS. However, the coin remains widely dependent on market fluctuations and Bitcoin’s popularity. It looks like the EOS price history follows overall market behaviour despite the coin’s secure position as one of the major cryptocurrencies and large attention from institutional investors. Still, the EOS price prediction shows coin’s promising future and strong chances to advance both in its price and in its product features.
EOS is a delegated proof of stake coin that uses the DPoS algorithm. Learn everything you need to know about successful options trading with this three-part video course. Perhaps, the interest of Block.one to invest in DeFi is helping EOS. The platform behind EOSIO has stated that they are very interested in EOS DeFi. According to Brendan Blumer, CEO and co-founder of Block.one, DeFi projects will have to meet all compliance requirements first. The digital asset has presented a buy signal on the daily chart.
The bullish momentum allowed it to reach a new multi-year high of nearly $18,800, marking November 2020 one of the strongest bullish months ever. Rejection from any of the two SMAs mentioned above can easily drive the price of EOS down to the start at $2.55 and potentially to the low at $2.43. Furthermore, the MACD has been bearish for quite some time investing and only turned bullish briefly due to the last spike. The TD sequential indicator has presented a buy signal on the daily chart and the MACD, which was close to a bearish cross, has remained bullish and it’s gaining strength. The next hurdle for the bulls is the 50-SMA located at $2.65. A breakout above this point can easily drive EOS towards $3.
From current prices to the loft long-term price target, EOS would appreciate just under 10,000%. A $1,000 investment would bring the investor a return of nearly $99,000. If EOS reclaims its previous all-time high from current prices, EOS will provide investors with returns of over 550%. Using some of the price targets from the experts outlined above will give potential investors and traders interest in EOS a better idea of the long-term price potential. How much to invest in EOS is up to the risk appetite of the investor and their comfort with the presented research. Because EOS has little price history, another theory from Gerard Walker also uses Elliot Wave Theory to predict future price movements in EOS. This analyst thinks that EOS could reach as high as $40 per token in the near term.