EOS Price Prediction Forecast — How Much Will EOS Be Worth In 2021 And Beyond?
EOS Price Prediction Forecast:
How Much Will EOS Be Worth In 2021 And Beyond?
Will EOS go up or crash? Read our EOS Price Prediction 2021 – 2025
Looking for EOS price prediction 2021 - 2025? Or have you been struggling to answer the question ‘is EOS a good investment? You’re in the right place. We’ll be sharing the top EOS price prediction for 2021 and beyond. we’re taking a look at EOS to find out what the experts have to say about its future performance and how much will EOS be worth in 2021 and beyond.
Back in 2017—2018, the cryptocurrency market exploded. The price of almost every asset hit an all-time high (ATH) as new cryptos flooded exchanges and investor interest skyrocketed. Bitcoin reached values of $20,000. The price of Ripple XRP grew by 36,000%. And EOS broke records by raising over $4 billion during its Initial Coin Offering (ICO).
Like the other assets that entered the market in 2017, EOS is a third-generation cryptocurrency. This means that its founders have been able to learn from the mistakes of early cryptos such as Bitcoin, Litecoin, and Ethereum. For example, while Ethereum can handle just 15 transactions a second, EOS is able to process thousands of payments at once.
This increased efficiency and scalability means that EOS has a band of dedicated investors. At the time of writing, EOS has a market capitalization of $2,475,364,014, making it the world’s 13th biggest cryptocurrency. But how is the price of EOS likely to change in the next few years? If you’re wondering ‘is EOS a good investment?’, read on to discover some of the most compelling EOS price predictions for 2021-2025.
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What Is EOS?
As we mentioned in the introduction, EOS is a third-generation cryptocurrency that came to the market in 2017. Much like Ethereum, it’s a decentralized blockchain platform that enables the use of smart contracts and decentralized applications (dApps). Smart contracts are automatic contracts that encode the specific terms of an agreement, including the price and party you’re paying. The fact that the EOS supports dApps means that new apps can be built upon the EOS platform, which is known as the EOSIO blockchain. When developers build dApps on the blockchain, they receive block rewards in EOS.
EOS launched via an ICO on 26th June 2017 and ran until 1st June 2018. Lasting 350 days, it was the longest ICO ever as well as raising record levels of funding ($4 billion). At the end of its ICO, the company behind EOS — which is called Block — released 700 million EOS tokens, which constituted 70% of the total supply.
In fact, EOS was so popular that some people even dubbed it the ‘Ethereum Killer’! They believed that EOS’s improved speed and capabilities would render the Ethereum platform completely redundant since both cryptos have very similar aims. Obviously, Ethereum is still the world’s 2nd largest cryptocurrency and doesn’t appear to be going anywhere any time soon, so this prediction is yet to come true. But what other predictions have been made for the future of EOS? Read on to find out.
Short-Term EOS Price Predictions: 2021
EOS price forecast for 2021
What are crypto experts forecasting for EOS in 2021?
Now that we’ve explained a bit more about EOS, let’s look forward to 2021 and see what some of the top crypto analysts believe could happen to EOS price. According to DigitalCoinPrice, the outlook for EOS is promising:
As we can see from this chart, DigitalCoinPrice has forecast that the price of EOS will increase before the end of 2020. Its January 2021 predictions place the price at $6.07, which is more than double its current price of $2.64. The platform believes that the price will then rise to $7.49 in February before slipping down to its lowest point of 2021 in April when it could be worth just $5.47. However, this dip won’t last long. For the rest of the year, DigitalCoinPrice predicts that EOS will swing between $6.20 and $7.39, ending the year on a brief bullish trend.
If you’re wondering ‘is EOS a good investment?’, this outlook is reasonably optimistic. It shows that the price of EOS will go up from 2020, but that its progress won’t be linear throughout the year. Those who like to make short-term trades could see the chart above as an opportunity to cash in on short-term fluctuations — for example, by selling in March, buying in April, and selling again in June.
Let’s move on to the platform WalletInvestor to see whether its predictions align with those given by DigitalCoinPrice. We can see its forecasts represented in this graph:
At the start of the year, the pattern we can see on WalletInvestor’s graph is not unlike that on the graph from DigitalCoinPrice. Both feature a sharp rise at the start of the year followed by a dip around May, before climbing up again in June. They even give very similar values for its yearly ATH, suggesting that EOS will start to approach prices of just under $8.
The key difference between these predictions is evident in the second half of the year. Whereas DigitalCoinPrice believes that the price of EOS will ultimately close 2021 on an upwards trend, WalletInvestor foresees a very pessimistic bearish run, with its price crashing down to below $1. This is undoubtedly bad news for any investors wondering ‘will EOS go up?’.
Our final EOS price prediction 2021 comes from Prime XBT. Using technical analysis, the platform has arrived at the following forecasts for the cryptocurrency:
Prime XBT has identified that EOS’s most common trading pattern is the symmetrical triangle, a shape we can see on its chart above. According to its analysis, this triangle is typically preceded by a huge surge in price, before undergoing a series of rises and falls that create the overall triangular shape. If its predictions are correct, then EOS could be in for a significant increase in price between the end of 2020 and Septemeber / October 2021.
Prime XBT has given the most optimistic prediction out of the three we have included in this section of the article. It believes that the price of EOS could hit an impressive $15.7126, which is roughly six times its current price of $2.64. However, if these predictions are correct, then this rise will be followed by a repeat of its triangular shape, which would necessitate a sharp decline in price. Overall, then, its predictions are good news for 2021 — but the outlook may not be so bright for 2022. Let’s find out.
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Long-Term EOS Price Predictions: 2022-2025
What are crypto experts forecasting for EOS in 2022 and beyond?
Crypto investors are keen to know what the coming years could have in store for the price of EOS.
Looking ahead to 2022-2025, how should we expect the price of EOS to change in the long-term? According to Trading Beasts, the outlook is modest but relatively positive. During the year 2022, the crypto site predicts that EOS will ultimately climb from $2.90885 to $3.68734, signifying a slow but steady growth rate.
At their maximum, these prices could range from $3.6306 to $4.60918 instead. At their minimum, we could see the price of EOS start the year at a lower value than its current price of $2.64, which would certainly be disappointing. However, Trading Beasts’s minimum, maximum, and average projections all suggest that EOS will gain in value as the year goes on, closing 2022 at a higher price than that at which it opened the year. This should be reassuring if you’re worrying that EOS will lose value.
Returning to DigitalCoinPrice, however, it’s clear that Trading Beast’s projections could be a little over-cautious. DigitalCoinPrice has given the following predictions for 2022-2025, as we can see in its bar chart below:
Between 2020 and 2026, DigitalCoinPrice has predicted that the price of EOS will undergo a steady but marked increase in value. Its average price over the course of 2022 will be $7.88, which is much more optimistic than Trading Beast’s average of around $3.2. Further ahead in 2023-2025, we could see prices break the $10 barrier in 2024 before continuing to climb to $11.89. At around five times its current price, this would be a promising rate of growth for any investors with EOS in their portfolio.
However, even these promising predictions could be too low, according to research by the crypto platform Coinliker. It has suggested that EOS could be in for a few years of very rapid growth, listing the following EOS price predictions for 2022-2025:
2021-2022: Price: $28.19, Growth: +1,010%
2022-2023: Price: $89.64.31, Growth:+3.430%
2025: Price: $175.98, Growth:+6,830%
In five year’s time, Coinliker believes that EOS could hit staggering prices of $175.98. Considering EOS’s previous ATH is just $17.89, according to Nomics, this would be an incredibly welcome (and completely unprecedented) growth rate. It might sound excessively optimistic, but on its website, Coinliker has claimed that its forecast ‘is not as wild as many may think.’ The platform cites the evolution of EOS technology and the increased adoption of cryptocurrency as two factors that could facilitate this level of growth within the next five years.
As a long-term investment, it projects that EOS could perform very well. According to its predictions, the value of the EOS tokens price could rise to $3.5 by the very end of 2020, rising to $6.70 in 2021, and achieving a mean price of $15.20 by 2025.
Conclusion: EOS Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of EOS price prediction forecasts in 2020, 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
How Has The Price Of EOS Changed Over Time?
In order to make the most accurate cryptocurrency predictions, one of the most important steps is to analyse an asset’s past performance. Because EOS has only been listed on cryptocurrency exchanges since 2017, investors aren’t able to study years and years of history in order to inform their future trading strategy. But we can still learn from its previous highs and lows over the last three years.
This graph from Nomics has tracked how the price of EOS has changed since 2017:
Upon entering the cryptocurrency market in June 2017, EOS experienced an initial spike in price before a steady decline to $0.535659. This has remained its all-time low. Soon afterwards, the market experienced a period of explosive growth, thanks in part to the huge number of assets (including EOS) that had recently started trading.
EOS’s performance in 2018 is striking because its price underwent two marked spikes. The majority of other cryptocurrencies boomed in late 2017 and early 2018 but quickly crashed back down to a more modest level. EOS, however, rocketed first to $13.96 in January 2018 and then to its ATH of $17.89 at the very end of April.
Its price has never fallen to its pre-2018 prices again. It hit $1.8930 in December 2018, which has been its lowest value for the last two years. Overall, its price has been relatively consistent, with occasional price increases rarely lasting long. One example of this came earlier this year, back in March 2020. The so-called coronavirus crash, which occurred as the world started to go into lockdown, caused the price of EOS to fall from $5.0752 on 10th February to $2.1130 on 16th March.
Thankfully, EOS recovered from this knock pretty quickly. Its price has largely hovered between $2 and $3 ever since, showing remarkably restrained levels of volatility.
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What Factors Affect The Price of EOS?
As well as studying EOS’s past performance, it’s important to understand the different factors that can influence its price. In order to make the most accurate EOS price predictions 2021-2025 and to answer the question ‘is EOS a good investment?’, it’s best to be aware of those factors from the start. This will make it much easier for you to make valid cryptocurrency predictions. Although the crypto market is notoriously unpredictable, knowing what factors could have a positive or negative effect on the price of EOS is an excellent place to start.
Supply and Demand
The relationship between supply and demand is the top thing to consider when asking ‘will the price of EOS go up?’. When the number of people trying to buy EOS is greater than the number of those selling, this means that the demand is higher than the supply. This will drive the price of EOS up. When the number of people trying to sell is greater than the number of people who want to buy it, however, the opposite is true. This means that the price of EOS is likely to fall. Supply and demand are influenced by a huge range of factors, including the ones we have mentioned below.
In the world of cryptocurrency, the saying ‘all publicity is good publicity’ simply doesn’t hold true. When assets receive bad press in the media or on social networks, it can quickly knock investor confidence and cause many people to start selling their assets. As we explained above, this will result in the supply being greater than the demand, causing prices to fall.
EOS knows this all too well. In February 2019, an EOS mainnet security breach enabled a hacker to steal $7.7 million worth of EOS after a block producer failed to update a backlist. Incidents such as this have a negative effect on the price, as it shakes investor confidence in the underlying technology.
Popularity of dApps
The demand for decentralized applications (dApps) has increased over the years, as people aim to democratize content and conduct various financial processes away from the realm of big businesses. Because the EOSIO platform supports the development of dApps, it’s ideally placed to take advantage of the demand. As the demand continues to grow, so too could the price of EOS.
EOS Price Prediction Forecast — Key Points
- EOS has a market capitalization of $2,475,364,014 and a price of $2.64, making it the world’s 13th biggest cryptocurrency
- In 2017, it broke records with its year-long ICO and $4 billion funding
- Some people call EOS ‘the Ethereum killer’ thanks to its fast transaction times and increased scalability
- DigitalCoinPrice predicts that EOS will swing between $6.20 and $7.39 for the majority of 2021, ending the year on a brief bullish run
- WalletInvestor largely agrees with DigitalCoinPrice but foresees a very pessimistic bearish run towards the end of 2021, with the price of EOS crashing down to below $1
- Using technical analysis, Prime XBT believes that the price of EOS could hit an impressive $15.7126 in 2021, which is roughly six times its current price of $2.64
- During 2022, Trading Beasts predicts that EOS will ultimately climb from $2.90885 to $3.68734
- DigitalCoinPrice believes EOS could be worth $11.89 by 2025
- The most optimistic prediction comes from Coinliker, who believes that EOS could hit staggering prices of $175.98 by 2025
- EOS’s ATH was $17.89 in April 2018
- Key factors that affect the price of EOS include supply and demand, security breaches, and the popularity of dApps
We hope that this article has helped you understand some of the top EOS price predictions for 2021-2025. Whether you’re an existing investor of you’re considering adding EOS to your portfolio, these forecasts have hopefully given you the confidence to create an investment strategy that works for you.
Overall, the outlook for EOS seems positive. Although different predictions foresee different rates of growth, the platforms which we’ve included here are overwhelmingly in agreement that the price of EOS might go up before 2025. Coinliker has given the most optimistic prediction by far, while Trading Beasts is a lot more cautious. However, both believe that EOS will gain in value over the next five years.
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EOS Price Predictions — FAQs
Does EOS have a future?
According to the predictions that we’ve explored in this article, yes, EOS does have a future. The general consensus among crypto experts is that the price of EOS will increase over the next five years and could even hit highs of $175.
Is EOS better than Ethereum?
EOS may have been dubbed the ‘Ethereum killer’, but both cryptocurrencies are currently alive and well. There’s no simple answer to the question is EOS better than Ethereum, as it depends on your preference, but EOS can certainly process more transactions per second than Ethereum. It is also significantly more energy-efficient, potentially making it a more sustainable platform for the future.
Will EOS reach $100?
EOS could potentially reach $100 within the next five years. According to Coinliker, EOS could hit values of $175 before 2025.
What will EOS be worth in 2020?
Both WalletInvestor and DigitalCoinPrice believe that the price of EOS will increase throughout the rest of 2020, starting 2021 at values over $5.
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Disclaimer: EOS of any crypto are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.