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EOS is definitely on the list of the strongest and most stable projects in the crypto world. Despite the fact that the currency entered the market less than 3 years ago, it consistently occupies one of the top 10 places in the rating for project capitalization. it is often called the “main competitor of Ethereum”.
The amount of investment in the amount of more than $ 2.5 billion at the very start of the project in 2018 made it possible for the rapid development of the currency. And since then, EOS price forecasts have been widely discussed by its investors and supporters.
2020 has proved to be a particularly volatile period, and most investors and traders pay particular attention to the dynamics of the cryptocurrency market and price forecasts in order to develop the best trading strategy for making a profit and successfully investing money. In 2020, analysts predicted a slight decline in the EOS exchange rate, but the currency showed a slight increase.
We understand that your main questions are: “What will happen next with EOS and is it worth investing your capital in it?”. We have prepared for you an analysis of the forecasts of leading analysts.
Shortly about EOS
Eos.io is an innovative platform based on smart contracts and a decentralized computing system, designed to efficiently develop and execute large-scale decentralized applications authorized by smart contracts.
The unique advantage and biggest potential of eos is that the system in the future can process several hundred transactions per second without having to cover direct costs and enhanced usability for both parties. The project made various improvements to the existing protocol and allowed EOS holders to choose block producers, vote on monetary policy or the future of the platform.
The ultimate goal of EOS is to create the most scalable, cheap and fast blockchain for smart contracts. Consequently, it seeks to win back most of the market share from its biggest competitor, Ethereum. The project is slowly but steadily moving towards its goal. Currently, there are more than 400 applications on the basis of EOS. And the number is constantly increasing. This fact fuels additional interest in EOS price forecasts for the coming years.
EOS price predictions 2023-2030
Since it is very difficult to make such long-term predictions, analysts’ opinions vary widely.
Wallet Investor calls EOS a “bad” long-term investment. Long-term analysis of the token from this resource shows that by the end of 2022, the average price of EOS could drop to $0.589. A year later, at the end of July 2023, it could fall even lower to $0.475, in July 2025 to $0.07073, and in July 2027 it could rise slightly to $0.0848.
DigitalCoinPrice gives a much more positive long-term outlook for the EOS price. According to the analytics service, the average price of the coin will be $1.72 in 2023, $2.39 in 2025, it will reach $5.24 in 2030 and $5.99 in 2031.
Next, let’s take a closer look at the history of the coin’s price and crypto forecasts from leading services for 2023-2030, and only with time will it be possible to see whose assumptions are more accurate.
EOS Price in 2021
While last year was quite successful for many altcoins, EOS lagged somewhat behind the market in 2021. EOS price was traded in a sideways trend until mid-February 2021 when EOS broke above $5.
On March 11, 2021, EOS released a PowerUp Model. The cryptocurrency price rose 4.75% within the first four hours of the release. The enhanced model opened up new opportunities for EOS holders, and you can now receive rewards for unused tokens, easily withdraw tokens after the initial 4-day period, and retain full control over them. Commissions have also been reduced.
Unfortunately, the price failed to consolidate above $5 and was traded below that mark until April 1. This sudden drop can be explained by the cycle of “ups and downs.” When traders start to doubt the future of the coin, its value drops dramatically.
The price of EOS suddenly increased in early May 2021 and surpassed the $14 mark. The reason lies in the news that the coin’s developer company received $10 billion to open a subsidiary of Bullish Global. Because of this, the EOS exchange rate jumped significantly on May 11. However, on May 19, the price fell below the $5 mark due to a general downturn in the cryptocurrency market.
The downtrend continued throughout June. By June 22, the EOS/USD pair reached $3,066, i.e. the lowest level since February 2021. Although most cryptocurrencies always follow BTC, EOS chose its own path. In July, the coin’s price was $4.14. One significant bounce occurred on July 9, when Bullish Global announced its plans to list on the New York Stock Exchange.
A new uptrend began on July 21 at $3.26. By September 6, EOS reached $6.30, nearly doubling its value. The strong bullish trend was caused by the growth of BTC, which affects the overall direction of the market. Nevertheless, the pair was unable to hold at these levels, the EOS/USD rate fell to $4.89 on September 7. The decline was caused by several factors. Firstly, the BTC exchange rate has fallen a lot that day. Secondly, the reason might have been the decline in the market capitalization of EOS to 0.24% of the total market capitalization of cryptocurrencies. This had a decisive influence on the formation of the future price direction. A new downtrend began, and the EOS/USD rate fell below $4 again.
Although the bearish trend ended on September 29, the recovery is unstable. The EOS/USD pair has consolidated at around $5, mainly due to the strengthening of Bitcoin, and from the second half of October to early November, the leading cryptocurrency renewed its historical high.
EOS price in 2022
The cryptocurrency EOS began 2022 at $3.03, at the same time the downturn began. During the first two months of 2022 there were two significant falls: on January 24 the price fell to $2.02, and on February 24 it slid to $1.90. EOS began its upward movement on June 18. After an initial deviation from the downward resistance line and the $1.40 horizontal resistance area, the price was able to break through on August 11. On August 22, it reached a high of $1.95. However, the price was subsequently deflected and the $1.95 horizontal area became resistance. The price then declined to the $1.40 horizontal support area. The live EOS price as of October 22, 2022, is $1,06 USD.
Trading Beasts are optimistic and in their opinion in November-December this year the cryptocurrency rate can rise to $2.53-$2.61. As per Wallet Investor`s analysts, EOS will finish 2022 at a higher mark of $2.36 compared to the cost at the beginning of the year. Economy Forecast Agency`s experts are more pessimistic. They predict a steady downtrend the price will fall to $1.05 by the end of the year, which is almost half the value of EOS in March 2022. According to Coin Price Forecast‘s expert opinion, EOS will reach $3.43 by the end of the year that’s about double the cryptocurrency’s value in early 2022.
EOS Price Prediction 2023
Due to the Trading Beasts‘ EOS coin price prediction, the 2023 topmost rate is expected to be $3.40 and the smallest closing cost is about $1.64. Changelly is still leaning towards much lower figures, suggesting that the minimum price of EOS will be around $1.52. The supreme EOS price may be around $1.93.
EOS Price Forecast 2024
Trading Beasts estimates that the mean price of EOS will be $2.81 in January 2024. Experts predict a bullish trend that will last until the end of December with the closing price in December getting to $3.64.
As per Wallet Investor, January 2024 for EOS will start at $3.06. Following the same dynamics as in previous years, EOS may reach a price high in May; the utmost closing price is estimated to be $10.72. Nevertheless, EOS will not last long at the highs, there will be a downtrend in the second half of 2024. The average closing price in December will be $3.76.
As stated by Coin Price Forecast`s analysts, EOS will rise to $3.55 in the first half of the year and end 2024 at $4.08.
EOS Price in 2025
It is important to understand whether EOS will find its own niche and whether it will be able to stand out in the cryptocurrency market, despite intense competition and growing technical standards. As a result, the price of EOS in 2025 will come to the second plan of priorities. the development of technologies, their application and attracting investors is the main goal of the project.
EOS Price Prediction in 2030
According to Reger Vera, Charlie Lee, the Winklevoss twins, and other crypto influencers and reputable forecasting services, the global economy will fully transition to blockchain in just 10 years. If this is true, then the EOS blockchain ecosystem will get a second wind and eventually reach over $ 400 per coin.
Tips for EOS crypto price prediction
Crypto forecasting is quite a complex process, just like in any other field. This is a whole system that is based on a huge number of variables. There are general global trends that can guarantee a common vector for the long term, but the situation may be temporarily or not affected by changes in different factors. Therefore, it is very important to follow several rules when evaluating forecasts:
- trust only trusted sources;
- follow the news of the project, the crypto world and the economy;
- compare different sources;
- study the whole essence of the issue to be able to independently see the prospects of a particular currency and technology.
This will help you not to fall for baseless forecasts or provocations and deliberately false news.
EOS on the Godex
On Godex.io each user can buy or sell EOS without having to register an account, disclose personal information, or verify their identity in order to start trading. Users simply need to select the correct trading pairs, specify the wallet address, send funds to the deposit address and wait for the Godex crypto exchange to find the best EOS price to secure it for the duration of the operation. After a couple of minutes, EOS coins will be transferred to the wallet address specified by users. Very simply.
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FAQ
Does EOS have a future?
EOS is a promising and comfortable environment for blockchain-based application development. The platform is already used by major industry players, but it is also open to new developers who want to try their hand at decentralized applications. Despite the temporary price decline, EOS remains a potentially lucrative investment for the long term, given the security of the system and the versatile tools it provides for creating new products.
What will EOS be worth in 5 years?
Changelly`s and PricePrediciton`s EOS forecasts indicate that EOS may fall down to a minimum of $7.12, but it still may get as high as $8.98 throughout 2027.
Does the EOS coin have a future?
Many experts are convinced that this cryptocurrency can “destroy” Ethereum. This prediction has appeared due to the fact that the network has a loyal policy with regard to commissions. Also, we should not forget about the high capitalization, comparable to well-known blockchain projects.
The EOS ecosystem is not subject to mining. All members of the network choose the users who create blocks. After a day, the powers are subject to transfer to another group. This process is cyclical. Validators simply receive remuneration for processing financial transactions, but they cannot mine tokens in any way.
What will EOS be worth in 2030?
PricePrediciton expects EOS to cross the $23.57 common price level in 2030 and could peak at $27.03.
Changelly`s EOS price prediction 2030 mentions the possible maximal peaks at $27.03 in 2030.
How high can EOS get?
From PricePrediciton‘s perspective, EOS could jump to its highest possible price of $39.81 by 2030.
CoinArbitrageBot‘s forecast is also close in terms of figures, and it’s pushing back from the topmost potential price of $30.1534.
Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.
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