EOS is an open-source blockchain and cryptocurrency that has caught much interest recently. It was created to be a smart contract platform, similar to Ethereum. However, EOS utilizes top-notch technology, making it a true third-generation cryptocurrency platform. EOS prioritizes speed, scalability, and flexibility. Besides, EOS tries to solve several common problems of blockchain technology.
However, despite its advanced technology, the EOS coin did not performed well during the bear market. So, what can investors expect from this cryptocurrency in the next few years? Let us discuss it in the following EOS price prediction summarizing forecasts from different reputable sources.
What Is EOS Coin?
EOS is an open-source blockchain intended to be a highly scalable platform for distributed applications (DApps). As such, one might regard EOS as a competitor to Ethereum. However, such a comparison is not entirely accurate. While many experts think of Ethereum as a global computer, EOS should be considered a global operating system. EOS focuses on the quick and easy deployment of DApps, such as games and decentralized finance (DeFi) platforms.
EOS utilizes the delegated proof-of-stake (DPoS) consensus mechanism, which prevents the formation of mining pools. In theory, mining pools can threaten the security of the blockchain by centralizing resources. Hence, in DPoS, only twenty entities (individuals or institutions) called witnesses are allowed to create new blocks. Anyone holding EOS tokens can vote for whom they prefer to become a witness. This way, the power resides in all stakeholders, not block miners.
The ultimate goal of the EOS blockchain is to become an enterprise-grade solution for deploying DApps and smart contracts. The EOS blockchain features its own token, arguably the most scalable, divisible, and programmable digital currency. This blockchain attracted significant attention from investors because of its innovative technology and active community.
EOS Token History
The EOS token was launched in 2017 through an initial coin offering (ICO) that raised $4 billion, making it the largest ICO ever at that point. According to CoinMarketCap, EOS hit the market on July 1, 2017, selling at $2.7. However, this token did not perform well in the remainder of 2017, reaching its all-time low price on October 23, 2017, at $0.4802.
However, the DPoS consensus mechanism proved to bring energy efficiency to the blockchain and reward good behavior instead of mining power. As a result, the interest in the EOS blockchain grew, and its token price increased significantly during the first quarter of 2018. On April 29, EOS set its all-time high price at $22.89. Regretfully, EOS did not manage to maintain that price level. So, on the last day of 2018, EOS traded at $2.6635.
In the next two years, the EOS price remained below $5, except for a brief run in May 2019, peaking at $8.5142 on May 30. In 2021, the EOS token gained momentum again, reaching $14.37 on May 10. However, the price progressively dropped, ending the year at $3.1355. This downtrend has continued in 2022, sending the EOS price below the $1 mark for several days in July. As of August 28, 2022, EOS traded at around $1.51.
EOS Coin Overview
The table below summarizes the key EOS price statistics.
EOS Coin Price Prediction for 2024
There is no consensus about the EOS performance in 2024. Some analysts predict stable growth, whereas others forecast the EOS price will slowly decline. And other analysts think the EOS will continue to fluctuate widely. Wallet Investor predicts the average EOS price at the beginning of 2024 will be $0.456, with a possible maximum of $3.409. Similarly to the prediction for 2023, the EOS average price will soar in May 2024, reaching $3.196. However, the EOS price could reach up to $6.459 that day. Accordingly, the price will decline, ending at an average of $0.1061 on December 31 (possibly reaching $0.159).
For its part, Trading Beasts predicts the EOS average price to be $2.81 in January 2024. Accordingly, the EOS price will steadily increase that year, reaching an average of $3.64 at the end of 2024. This price increase represents a 40% growth in just one year. Crypto News Z has a more optimistic forecast, with an EOS price varying between $4.5 and $6 in 2024 (with an average of $5.2). Coin Price Forecast predicts the EOS average price in the first half of 2024 will be $3.55 and $4.08 by the end of the year. Digital Coin Price is less optimistic and predicts the EOS price to fluctuate between $1.86 and $2.83 in 2024, with an average of $2.28.
EOS Coin Price Prediction for 2025
As with most long-term predictions, there is much disagreement among experts about the EOS performance in 2025. Wallet Investor does not have an optimistic forecast. According to their analysis, EOS will open in 2025 at an average of $0.110 and end the year trading at $0.148. There will be a brief run in May. EOS will sell at an average of $2.417 on May 10, possibly reaching $5.480.
Trading Beasts predicts the EOS average price at the beginning of 2025 to be $3.70. Accordingly, EOS will sell at an average of $3.99 in June and close at $4.31 in the second half of 2025. Crypto News Z predicts the EOS price will vary between $5.2 and $6.8 in 2025, with an average of $6.3. Experts with Coin Price Forecast think the EOS average price will be $4.86 and $5.41 in the middle and the end of 2025, respectively. For its part, Digital Coin Price predicts EOS will sell between $2.61 and $3.33 in 2025, with an average price of 2.91.
EOS Coin Price Prediction for 2030
There are not many EOS price predictions for such a distant future. According to Coin Price Forecast, the EOS price in 2030 will fluctuate between $7.03 and $7.38. EOS will have a total growth of more than 250% compared to the current trading price by the end of 2030. For its part, Digital Coin Price predicts that the EOS price in 2030 will vary between $6.70 and $7.30, similar to the first prediction. Accordingly, the EOS average price in 2030 will be $6.96.
FAQ
Is EOS Coin a Good Investment?
Despite its advanced technology and good performance in 2021, EOS has significantly lost value in 2022. Currently, this token trades below its ICO price. Yet, the EOS blockchain is promising, and it has the potential to regain value in the future. As such, it might be a good long-term investment.
How High Can EOS Coin Go?
Some price predictions put the EOS price in 2030 at around $7. It is difficult to predict whether the EOS price will significantly increase beyond that point.
Should I Invest in EOS?
Only you can decide whether to invest in EOS. It depends on your tolerance to risk, expertise in the market, and your current investment portfolio. Although some price predictions suggest this token can increase its value in a few years, you should do your own research. If you decide to invest in EOS, you can purchase this token from LetsExchange.io. You can benefit from competitive rates and many supported digital coins and tokens. It is easy to use, and you do not need to register to buy or sell crypto on our platform.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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