EOS, a crypto token formed by the company to promote their decentralized app creation, ranks #47, a little lower on the charts, thanks to its slightly lower market cap of $3,365,472,360. Lately, it has resumed its upward projectile with renewed activities and is viewed by some analysts as a “ticking time bomb”. Comparing the XRP fractal from 2015 to 2017 and EOS‘s current chart, the similarities are mind-blowing.
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EOS price prediction 2022 Source: Twitter
Let’s find out more about EOS, its offering, explore EOS developments, EOS price predictions, average trading price, EOS price analysis and determine whether it deserves a place in your investment portfolio.
What is EOS?
Founded by software programmer Daniel Larimer and entrepreneur Brendan Blumer, who still hold the roles of CTO and CEO, the company began to work on the project in 2017.
In June 2018, the EOS officially went live after a year-long Initial Coin Offering (ICO). The ICO raised more than $4 billion, despite the prohibition to participate from U.S. investors.To this day, the ICO is one of the largest token sales, while the EOS blockchain continues to be one of the largest cryptocurrencies by market capitalization and trading volume.
EOS Coins Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
||EOS||$ 0.931313||$ 925.12 M||4.25%||998.08 M||$ 289.06 M|
How Does EOS Work?
EOS uses its own proof of stake EOSIO blockchain that processes transactions quickly, scalable, and secure way. The EOSIO 2.2.0-rc1 includes three new features: Read-only Queries, Private Chain Access, and Resource Payer.
Initially, EOS used ERC-20 tokens to distribute the coins raised in the ICO, which helped ease the ICO process as the ERC-20 token was frequently used to raise an ICO.
Later, all of the ERC-20 tokens were converted to native EOISO blockchain tokens, allowing token holders to finally transact and operate on the network.
Block producers on the EOS network are chosen in a delegated-proof-of-stake mechanism (DPoS), which requires EOS token holders to lock in their coins for more than three days.
The DPoS mechanism allows for a lower entry threshold, which results in more decentralization, less power used, and more scalability for the network.
Existing EOS partners
Recently, Google announced that it has partnered with Block.one, to become a block producer for the network. It is one of the largest partnerships in the cryptocurrency ecosystem to date and will likely further increase EOS’s popularity.
Another great partnership for EOS and its developer, Block, was recently made with investor LACChain, an Inter-American Development Bank initiative to promote blockchain use and crypto market development across Latin America and the Caribbean.
A similar partnership was made in Asia in 2018, as a $200 million joint venture fund – EOS Global was created together with local blockchain technology entrepreneurs Michael Cao and Winnie Liu.
Recently, Wyoming became the first country in the entire world to give official status to an EOS-based DAO or decentralized autonomous organization. The DAO named American CryptoFED features two tokens, Ducat, and Locke, with a cap of 10 trillion tokens.
Projects Built on EOS
- Eosfinex is a non-custodial trading platform that allows to trade using the security of an EOS non-custodial wallet.
- EOSDT is a decentralized stablecoin, just like the well-known USDT. It is available on several large exchanges such as HitBTC, Bancor, and Changelly.
- Defibox combines the blockchain with DeFi protocols allowing to Swap and Lend by using their native stablecoin – BOX
- Upland is a virtual property trading game that runs on the EOS blockchain. It currently has more than 35 thousand users with more than $500 thousand worth of transaction volume.
- American CryptoFed DAO is the world’s first payment structure that will be issuing a digital asset whose value is noninflationary.
EOS Technical Analysis
EOS price analysis reveals a relatively bearish approach today; the price has lost some of its value. In the last few days, the price of EOS has received much negative attention and has decreased to a significant degree. On June 14, 2022, the price suddenly crashed and went from $0.9617 to $0.8527. However, the price started to gain further positive momentum on the same day and regained a value of as much as $0.9485. Today, on June 15, 2022, the price has seen negligible highs and reached an all-day high of $0.9493. However, the currency price of the cryptocurrency remains around $0.9056.
EOS price 4-hour analysis reveals the market volatility to follow an uncertain closing movement, which causes the EOS prices to become less susceptible to volatile change. As a result, the upper limit of the Bollinger’s band is present at $1.0803, acting as the strongest resistance for EOS. Conversely, the lower limit of the Bollinger’s band is at $0.8319, representing the strongest support of EOS.
The EOS/USD crosses under the Moving Average curve indicating a bearish movement in the market. However, the price appears to move downwards with a strong possibility of soon reversing the market to a bearish trend.
EOS price analysis reveals the Relative Strength Index (RSI) score to be 34, which falls in the undervalued region. The RSI score follows a slightly linear movement in the devalued region, signifying further devaluation stability. The EOS/USD price has found a risky place within the market and has anchored itself there. The dominance of selling activity causes the RSI score to decrease.
EOS price analysis reveals the market volatility to enter an opening movement; it’s increasing as the resistance, and support bands move apart from each other. The cryptocurrency price will follow the volatility and become more susceptible to volatile change. The Bollinger’s band’s upper limit is $1.4887, acting as the strongest resistance for EOS. The lower limit of the Bollinger’s band is present at $0.9201, representing another resistance point of EOS.
The EOS/USD price appears to cross under the Moving Average curve signifying a bearish movement. The price has broken the support band.
EOS price analysis reveals the Relative Strength Index (RSI) to be 25, indicating that the cryptocurrency is undervalued. EOS falls under the devaluation threshold. However, its position is bound to change as the RSI score follows a downward movement indicating the dominance of selling activity.
EOS price analysis concludes that the cryptocurrency packs massive potential for positive movement; however, for now, the market is stuck in negative momentum and expected to break, which might cause hindrances in the way of bulls.
EOS Price Predictions 2022-2031
WalletInvestor has a gloomy long-term projection for the EOS cryptocurrency, projecting a one-year price point of $0.98 and not expecting a significant rebound.
Digital Coin Price
According to DigitalCoinPrice, the EOS coin price prediction for 2025 is $2.41, with a general climb to $5.76 by 2030. In the short term, the site predicts that the coin might reach $1.65 by July, indicating a nearly 32 percent increase.
Coin Price Forecast
The EOS price forecast for 2022 by CoinPriceForecast forecasts a pessimistic year-end value of $1.11. The website even predicts an EOS price of $2.45 by the end of the year, marking a 96 percent gain over the current trading price.
EOS Price Prediction 2022
The EOS future price is expected to reach a minimum of $1.64 in 2022. With an average selling price of $1.70, the EOS price may reach a maximum of $1.92.
EOS Price Prediction 2023
The forecasted EOS price is predicted to cross an average price level of $2.45 in 2023, with a minimum price value of $2.37 expected by the end of the current year. Furthermore, EOS has the potential to reach a maximum price of $2.85.
EOS Price Prediction 2024
The price of EOS is expected to reach a minimum of $3.57 in 2024. With an average EOS price prediction of $3.67, the EOS price may reach a maximum of $4.14.
EOS Price Prediction 2025
The EOS price is predicted to cross an average price level of $5.28 in 2025, with a minimum price value of $5.09 expected by the end of the current year. Furthermore, EOS tokens have the potential to reach a maximum price of $6.18.
EOS Price Prediction 2026
In 2026, the price of EOS coin is expected to hit a low of $7.45. According to our research, the EOS price might reach a high of $8.64, with an average expected price of $7.67.
EOS Price Prediction 2027
The EOS price is predicted to cross an average price level of $11.25 in 2027, with a minimum price value of $10.86 expected before the end of the current year. Furthermore, EOS has the potential to reach a maximum price of $13.12.
EOS Price Prediction 2028
In 2028, the price of EOS is expected to reach a minimum of $15.89. Throughout 2028, the EOS price might reach a maximum of $18.99, with an average trading price of $16.34.
EOS Price Prediction 2029
The EOS price is predicted to cross an average price level of $24.92 in 2029, with a minimum price value of $24.27 expected before the end of the current year. Furthermore, EOS has the potential to reach a maximum price of $27.76.
EOS Price Prediction 2030
In 2030, the price of EOS is expected to reach a minimum of $34.17. Throughout 2030, the EOS price might reach a maximum of $41.52, with an average trading price of $35.17.
EOS Price Prediction 2031
The EOS price is predicted to cross an average price level of $51.09 in 2031, with a minimum price value of $49.33 expected before the end of the current year. Furthermore, EOS has the potential to reach a maximum price of $60.40.
EOS Price Predictions by Industry Experts
The announcement was made by Yves La Rose, the CEO of the foundation “to let the EOS community know we are aware of their concerns”.
The price of the EOS coin did drop on the announcement but that loss of value has since been overshadowed by the losses following the Russian invasion of Ukraine which has caused widespread disquiet in the market. EOS price is down 12% at $1.94.
According to the State of theDApps, a curated directory of decentralized apps, there are 3,957 dApps currently operational of which Ethereum hosts 2,929 and EOS has 331, with 128,230 daily active users as of 24 February 2022. dApps have gained popularity because of their increased privacy and autonomy.
Edgar Fernández, the co-founder of EOS Costa Rica, said he saw massive potential in Latin America, where the market was ripe for a practical technological breakthrough.
EOS has the potential to create millions of verified human EOSIO based accounts if there’s a use case behind it, whether that’s regulatory, in the private industry, or public sector. It could be anything from decentralised ID to efficiency in customs agencies, to issuing bonds on a blockchain, to tokenized fiat money, or the traceability of vaccines.
Edgar Fernandez, EOS Costa Rica Co-Founder
EOS is one of the best-known cryptocurrencies for the past years. The year-long Initial Coin Offering attracted $4 billion of capital by the middle of 2018, making it one of the largest and best-known ICOs to date. Since then, Block.one and the surrounding community continues to develop EOS as one of the best-Delegated proof of stake blockchains, with fast speeds and good scalability.
The split of the EOS community away from Block.One, the organization that developed the project, over the community vote decision to stop payments, has allegedly little effect on the EOS coin price. The development was keenly watched by the crypto community as it showed the first real test of what a decentralized community could do when it flexes its muscles.
Several algorithm-based forecasting services shared moderately bullish long-term EOS crypto predictions.
Considering EOS’s price performance over the past years and the somewhat bearish price movement in recent weeks and days, we expect EOS to climb steadily with little volatility. Currently, EOS trades around $1.9 – $2, and its future prices will depend on how the overall cryptocurrency market performs. However, EOS could be a good choice for long-term investors.