EOS price prediction 2019, 2020, 2025 – What might happen to the Top-5 cryptocurrency in the nearest years? Should you invest in EOS?
Top-10 cryptocurrency EOS attracts traders and investors from all over the world. The underlying blockchain technology makes it attractive for potential partners, too. But will EOS’ technological superiority drive its growth through the roof? Check out EOS price predictions for 2019 and later.
What makes EOS unique?
One of the rare blockchains offering their own smart contract, the EOS platform serves for performing decentralized operations and creating blockchain apps. The EOS blockchain has shown enormous potential and continues attracting investors at a high rate.
Look at the statistics concerning EOS blockchain usage:
EOS: 127,647 (-3.04%)
TRON: 94,807 (+4.34%)
ETH: 35,770 (+… pic.twitter.com/e0vL6PIZNH“
— TronMacau(SR) (@MacauTron) 5 марта 2019 г.
It’s not surprising that many companies prefer EOS to other blockchains: the network executes about 50K TPS, which makes it much faster than its crypto counterparts.
Salient features of EOS include:
Max. supply of 1 bln EOS makes it a valuable asset – the limited nature of this coin attracts holders and helps to keep the cost under control.
Coins are obtained via investments only, no mining is required.
EOS is way faster than other existing blockchain platforms.
Thus, EOS promises to become a leader in the crypto sphere. Some believe it will overtake Ethereum thanks to higher TPS speed and lower transaction fees.
EOS price performance in 2017-2018
The history of the EOS price only proves that it’s a viable currency. Initially, EOS was launched as an ICO that began in July 2017 with a starting EOS price of $1.03. During the first months, EOS didn’t get as much attention as it was supposed to.
By November 2017, EOS surged all of a sudden. It continued gaining market capitalization with new ICO participants. By January 2018, one EOS traded at $18.16. As it usually happens to new cryptocurrencies, during 2018, the world witnessed downward spiral movement – EOS fell to $4 but recovered by $21 by April. All in all, the ICO brought EOS 4 bln of market cap.
Today, EOS is trading at $3.65 with the market cap of $3.3 bln. It still remains the fifth largest coin by the market cap. The recent bearish market didn’t spare EOS’ value, but it is set to recover despite everything.
EOS pride prediction 2019
How much will EOS cost by the end of 2019? It’s hard to make any short-term statements – EOS has to break the resistance level before it starts growing again. Judging by technical analysis, EOS might reach $5 this march, if it manages to crawl to a $4.55 resistance zone. Until that happens, it will continue trading at around $3.5.
The market forecast is very positive. For example:
Coinfan predicts it will rise to $47 by December.
TradingBeasts provides more realistic predictions, claiming EOS will double its price to hit the $7 level by the end of this year.
OrdinaryRich (Steemit writer) has come up with a $20 EOS prediction.
CoinSwitch predicts that EOS will reach $15 at some point during 2019.
According to CryptoGround, EOS will be around $6.4389 in 2019.
Not all experts and websites are equally optimistic about EOS. Luckily, their forecasts aren’t actualizing. For example, Gov Capital predicted that on March 9th, 2019 EOS’ value would fall to $0. As we see, it’s still thriving.
We can hope for EOS to double or triple its price as soon as it manages to break the current $3.5 level. That might happen in March but depends on a number of factors.
EOS development drivers in 2019
Aside from traders, it’s the developer who influences cryptocurrency value to a large extent. What will happen to EOS during 2019? Unfortunately, developers haven’t shared much information about it. There are no officially assigned releases or events, but the community still knows something from the words and announcements of Block.one representatives.
There’ll be the 5th phase of Cluster Implementation. However, no specific dates are named yet.
Block.one is waiting for the leveraging of inter-blockchain communication that will activate scaling via sidechains, making operations faster and more efficient.
Asynchronous Byzantine fault tolerant will also improve operational timeframe.
Another interesting feature from Block.one is Resource Exchange that will allow for token leasing and will trigger voting. The new EOS infrastructure will have 4% inflation, however, no one guarantees that updates will take place in 2019.
EOS price prediction 2020
Suppose EOS develops well and breaks $5 during 2019. What should happen next? The EOS price 2020 promises to be not much higher than today:
Today, EOS is viewed as the major rival of Ethereum. EOS technology is superb, but Ethereum has been around for a longer time span and proved its reliability. Yet, if EOS continues evolving at an optimal pace, the best scenario for it is to hit somewhere within the $45-$70 range. According to the Coinfan website, during 2020 EOS price might grow from $40 to $168 – a considerable change!
All in all, EOS is expected to develop slowly but steadily – this blockchain has to rely on its own powers.
EOS price prediction 2025
Surely, making such a long-term forecast would be speculation. We don’t even know what will happen to EOS in the nearest year. If EOS continues fulfilling its potential and gaining support from investors, it might easily overcome an all-time high and trade at around $500 per unit.
Investment in EOS: For and against
Here are a few things for potential traders to consider:
Why invest in EOS
Why NOT invest in EOS
No matter what, EOS stays one of the most promising blockchains on the scene. It is set to disrupt the modern approach to creation of dApps and has all chances to stay ahead of Ethereum and Tron. In the nearest years, we will see whether EOS can stand the test of time.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
EOS Price Prediction: Down 40% In 7 Days, Upsides Remain Capped
EOS price declined significantly after it failed to break the $6.200 resistance area. It traded as low as $3.302 and it is currently correcting higher towards the $3.850 and $4.000 resistance levels.
- EOS price declined heavily below the $5.560 and $5.200 support levels.
- A major bearish trend line is forming with resistance near $4.000 on the 2-hours chart.
- The price is likely to struggle near the $4.000 and $4.100 resistance levels in the near term.
EOS Price Analysis and Prediction
In the past few days, there were heavy losses in bitcoin, Ethereum, ripple and EOS against the US Dollar. EOS price started a significant decline after it broke the $5.800 and $5.560 support levels and is down more than 40% in the past seven days.
Click to Enlarge Chart
Looking at the 2-hours chart of EOS/USD, the pair even broke the $5.000 support level and settled below the 25 simple moving average (2-hours). The decline was such that the price even spiked below the $4.000 support level.
A new multi-month low was formed near $3.302 and the price recently started an upside correction. It broke the $3.500 level plus the 23.6% Fib retracement level of the last drop from the $4.413 high to $3.302 low.
However, there are many hurdles on the upside near the $3.850 and $3.900 levels. Moreover, there is a major bearish trend line is forming with resistance near $4.000 on the same chart.
Additionally, the 50% Fib retracement level of the last drop from the $4.413 high to $3.302 low is also near the $3.850 level to act as a resistance. The main resistance is near the $4.000 handle and the 25 simple moving average (2-hours).
Therefore, if there is an upside break above the $3.850 and $4.000 levels, there could be a decent rise in the coming sessions. The next key resistance could be near the $4.675 and the $4.800 levels.
On the other hand, if EOS price fails to surpass the $3.850 and $3.900 resistance levels, there could be another drop towards the $3.300 level. The price may even break the $3.300 low and test $3.000.
Binance Coin Flips EOS After Coin Burn as Bitcoin Continues to Consolidate
Altcoins are still getting beat up as we enter the weekend. Bitcoin has remained range bound with little movement over the past 24 hours but there has been some position jockeying in the market capitalization charts this morning.
Bitcoin Consolidating Following Trump Tweet
BTC has spent most of the past day or so trading sideways. An intraday high of $11,900 was touched last night but there was no break above $12k and Bitcoin retreated again. Bitcoin is still falling and currently back at short term support just above $11,500. Daily volume is also tailing off and is now back to $20 billion.
BTC price 24 hours. Coinmarketcap.com
The crypto community is still twittering away about Trump’s Bitcoin comments a couple of days ago. Most are of the opinion that is was bullish for the scene as crypto has now become truly mainstream with even the POTUS taking a stance on it.
Naturally governments and banks are going to want to keep things the way they are and a new decentralized digital form of peer-to-peer finance totally undermines their tight grip of control over their populations.
CNBC even hosted a pro-crypto Squawk Box yesterday with achor ‘Joe Squawk’ stating that Trump’s comments were unsurprising since he also seeks to devalue the dollar.
Altcoins In Pain
Elsewhere in crypto land the tide of red is washing across the altcoin markets once again. Ethereum has retreated a couple of percent back to $270 and it remains bearish for the time being. XRP has been dumped and now has half the market capitalization of ETH which was once below it. The Ripple token has shed another 3 percent today falling to $0.335.
Litecoin halving fomo appears to have totally fizzled out as LTC falls back towards $100, dangerously close to double digits once again. There are now only 22 days to go and the likelihood of Litecoin returning to a new high for the year above $150 is looking slim.
Bitcoin Cash is also weak, falling another 4 percent back below $350. Today’s big move has been Binance Coin which is the only altcoin in the green in the top ten. BNB has only made 1.5 percent but it has been enough to flip EOS which has dumped 2 percent falling to $4.72. The difference in market cap is only $150k but Binance Coin is now the sixth largest crypto asset on the planet. The eighth quarterly coin burn dropping the supply has driven today’s momentum.
There are only a handful of altcoins in the green at the time of writing and they include Cardano and Monero adding a couple of percent. Chainlink, which has been this year’s fomo favorite, has pumped 11 percent today to reach $3.18. LINK is one of the day’s top performers along with Ravencoin which has made over 20 percent.
EOS price analysis: EOS drops under $5.0, loses 20% in recent 24 hours
- EOS is the worst-performing altcoin in top-20.
- A recovery above $5.0 is needed to mitigate the immediate pressure.
EOS is one of the worst-performing altcoins on Thursday. The sixth largest coin with the current market value of $4.2 billion has lost over 20% in recent 24 hours amid significant sell-off on the cryptocurrency market. At the time of writing, EOS/USD is changing hands at $4.6, having recovered from the intraday low of $4.31.
EOS’s technical picture
EOS market is dominated by bears that have been driving the coin lower recently. A sustainable move below $5.00 has worsened the short-term technical picture and increased the bearish pressure on EOS/USD. Currently, the local support is created by the recent low of $4.3, followed by $4.23 (61.8% Fibo retracement for the upside move from $1.56 low). Once it is cleared, the downside momentum is likely to gain traction with the next focus on $4.00.
On the upside, a sustainable recovery above $5.00 handle is needed to mitigate the bearish pressure and allow for an extended recovery towards $5.8 (SMA50 – Simple Moving Average – on 4-hour chart). This barrier is followed by psychological $6.00 coupled with SMA100 4-hour.