Is EOS a Good Investment And Should I Invest in EOS?

EOS Could Be the Next 100 billion-dollar cryptocurrency

Last Updated July 23rd 2021
31 Min Read

Wondering if now is a good time to buy EOS? Or maybe you’re not sure if EOS is safe to invest in?

If you are new to the world of EOS investing, you may have been asking questions that have led you to ponder if EOS is a good investment, or should I invest in EOS?

Based on what experts and analysts are forecasting, the answer to those questions is YES. EOS could likely be a good investment and investing in EOS could result in great returns which could brighten up your portfolio.

EOS is among the altcoins that followed BTCs lead in the crypto boom of 2021. EOS has returned 109.05% year-to-date. The daily volume the cryptocurrency has been recording signals huge investor interest - a sign which certifies EOS as an attractive investment. Analysts (fundamental and technical) think the EOS coin has plenty of room for growth in a market that has more than 10,000 coins.

Several analysts have certified investing in EOS as one of the best long-term investment decisions any cryptocurrency trader or blockchain enthusiasts can ever make. As a result, the month of May where most assets reached new all-time highs and also suffered new high lows could be the right time to invest in EOS.

One of the biggest reasons to invest in EOS is its EOSIO ecosystem. The blockchain offers upgrades to several of the core functionalities of the Ethereum blockchain. Aside from this, it provides a great foundation for developers to create decentralized finance (DeFi) applications.

With more DAPPS running on the blockchain, more liquidity is being poured on EOS. This contributes to the daily volumes as well as the market capitalization of the cryptocurrency.

These are a few reasons why investing in EOS could be profitable in the short and long term.

In this article, we are going to take an in-depth look into the EOS project, if it’s going to be a good investment, and the possibilities of the digital asset in the future. This will help you conclude as to whether you should consider investing in EOS.

If you want to invest in EOS easily and quickly, with a 0% commission, check out eToro Exchange!

Contents:

What is EOS? A simple explanation

EOS is one of the most popular decentralized blockchain technologies that employ smart contracts to create decentralized applications (DAPPS).

EOS is the 25th largest digital asset globally by market capitalization. It uses its token, EOS, to power transactions on the EOSIO blockchain.

Authors of crypto finance news as a result of consistency use the term EOS to represent the blockchain network and cryptocurrency. The blockchain network is called EOSIO and its novel token is EOS.

Created by software programmer Daniel Larimer and technology entrepreneur Brendan Blumer, EOS has a primary goal of providing a platform that simplifies how developers program, integrates smart contracts as well develops decentralized applications.

With that said, EOSIO has numerous DAPPS and other non-decentralized applications running on its network.

EOSIO can be used to create smart contracts, digital agreements written in code that help users reach consensus and make payments directly without any intermediaries such as insurance companies, clearinghouses, and traditional banking institutions.

EOSIO has decentralized applications (DAPPS) running under the categories of Game, Casino, Risk, Finance, Exchange, Social, and others. DAPPS have fueled the rise of decentralized finance (DeFi) in 2021. Lending, exchange, yield aggregation, and insurance have garnered thousands of users due to the relatively better rates of returns. Some of these returns are in a region centralized financial institutions are not prepared to offer their customers.

The number of active users on the blockchain has created an intense ecosystem where EOS flows effortlessly through its use in staking for developers to build numerous applications.

It is therefore not surprising that several partnerships have been formed. What’s more, several analysts and experts expect EOS to retest its all-time high of $22.89 and reach new price milestones in the future.

EOS Investing: Getting Started

To start investing in EOS, you need to register for an account with a credible exchange or brokerage. This will allow you to buy and invest in EOS. An exchange is primarily an online trading platform that enables you to buy and sell EOS as well as other listed cryptocurrencies.

As an e-learning organization that has been providing thousands of articles that serve as a guide to traders and investors, we’d like you to consider investing in EOS with eToro.

eToro is a multi-asset brokerage firm that has been operating since 2006. Many of the relatively newer exchanges were created out of the potential of cryptocurrencies after the success of Bitcoin. eToro has offices in the United States, the United Kingdom, Cyprus, and Australia. Aside from this, they have been licensed in those countries and have the necessary certifications to prove their authenticity.

Kindly follow the content below and make your first steps towards investing in EOS.

The first step is to SIGN UP for an account. Kindly input authentic details of your full legal name, contact number, email & residential address. This is highly essential towards the successful creation and purchasing of your coins.

The second step is to VERIFY YOUR ACCOUNT. Verification is an important phase of trading and investing in assets. You’d be made to upload any government-issued identification card that confirms your particulars earlier input in the first step.

Identification cards that also bear your signature may fasten the verification process. If eToro is not satisfied with the documents uploaded, it may request additional details in the form of a bank statement or internet bill that confirms your residential address.

This is part of the Knowing Your Customer (KYC) phase and prevents identity, credit & debit card fraud. Kindly know that the verification process takes less than 24 hours.

The third step is to DEPOSIT FUNDS. Without fiat currency (what we all know as money, EUR, GBP and USD), you cannot buy EOS. Upload an amount that fits your investment budget and it would be processed and added to your account.

The fourth and last step is to NAVIGATE to the EOS PAGE. On this page, you can buy any number of EOS coins. The transaction will be processed and the coins will show in your account.

invest in eos

Is EOS a Good Investment?

As one of the most popular cryptos and blockchains among developers, many crypto analysts and experts think that EOS is a good investment when compared to several cryptocurrencies. Despite the ups and downs in the price performance of EOS, some analysts believe EOS could be trading for two or three times its current price in the future.

One of such analysts is Arslan Butt at FX Leaders. According to the analyst, buoyed by a bullish crypto market, symmetrical triangle breakout, increased adoption & utility, and ascending triangle breakout, EOS could command a price in the range of $10.11 to $12.59 by the end of summer. By the end of 2021, the financial news and analysis portal estimates EOS could trade for $18.59 to $23.

Aside from the drivers pointed out by the analysts, what are some of the external factors that could increase the price of the cryptocurrency.

One of the factors that will influence investing in EOS in 2021 is its DAPPS. Over 600 decentralized applications are running on EOSIO. A DAPP review Report pointed out substantial daily volumes recorded by the decentralized applications. It has almost been a year since that report and whispers around the crypto market point to a relatively higher increment in the volumes of DAPPS in 2021.

Since EOS powers the platform, the total number of transactions settled on those DAPPS is only made possible via cryptocurrency. With more DAPPS having been mounted on the platform since the first report, there has been increasing usage of the cryptocurrency.

This accounts for the 3.60 million transaction counts involving EOS in the last 24 hours. With no transaction fees, more applications in lending, exchange, insurance, and yield farming will contribute to the soaring of digital assets in the future.

Coin Price Forecast thinks more DAPPS running on EOSIO could impact EOS' price in the short term. According to the experts, EOS could have a trading price of $6.25 mid-year and trade for a coin at $11.31 by the end of 2021.

If the price forecasts by these two different schools of thought are tested, investing in EOS in the short term could bring you enormous returns. 

 Read Also: Could EOS Be A Millionaire-Maker Coin?

Should I Invest in EOS?

Why should I consider investing in EOS? Well, EOSIO is one of the innovative technologies that are changing how we go about financial activities. CoinPedia has forecasted EOS to bring awesome returns to investors. According to analyst Elena R., EOS could be trading for $18 to $24 by the end of 2021.

When compared to the same period in 2020, EOS is currently commanding a substantial increase in its daily trading volumes. According to several experts, trading volumes are highly essential in signaling investors to the massive interest and confidence in an asset. Ordinarily, when volumes increase, prices of assets tend to follow in the same direction. On the other hand, when volumes continuously decrease, the price of a cryptocurrency also decreases as a result. With daily volumes hitting a record high of $20.3 billion on Thursday, 6th May 2021, EOS has the potential of breaking into the top 10 digital assets in the world.

Aside from this, EOS trades on all the top cryptocurrency exchanges in the world. Trading on a top exchange does not mean the price of an asset is going to increase automatically. The top exchanges such as eToro, Binance, Huobi Global, OKEx, FTX, and CoinTiger record millions and billions in daily volumes. This means that the listed cryptocurrencies reach millions of traders and investors daily. This helps a cryptocurrency like EOS which has a relatively lower price with lots of potential in the crypto finance space.

To alert you as to the extent of mileage EOS is receiving, consider the findings of a study done by Statista based on daily volumes of exchanges in 24 hours. Binance recorded $65.19 billion, Huobi Global ($20.69 billion), OKEx ($15.22 billion), FTX ($3.47 billion) and Coin Tiger ($1.6 billion).

Cryptocurrencies that experience low volumes are not listed by top exchanges. The low volumes normally see them trade near extinction zones and never recover to give competition to mainstream cryptocurrencies.

Previsioni Bitcoin has one of the best answers to the question, should I invest in EOS. According to the experts, by the end of June, EOS could trade for $7.27. A rally will ensue and take the price of EOS towards the region of $14.15 by the close of 2021.

With such a forecast under perspective, EOS is a profitable investment that could bring you gains in the short and long term.

 Check Out: 15 Reasons Why You Should Invest In EOS Today

Should I Invest in Bitcoin or EOS?

EOS is the 25th largest digital currency but Bitcoin is the number one digital currency globally. While Bitcoin is the most popular cryptocurrency and has commanded a daily volume of $55 billion, EOS provides several opportunities for making money in the long term.

Investing In BTC or EOS in the Short Term

In the short term, traders and investors can day trade the cryptocurrency. Due to the volatile nature of digital assets, there are multiple percentage swings due to how the crypto finance market responds to news around the future of digital currencies.

Highly experienced traders can make huge gains from small investment budgets. The profits can then be reinvested in other assets with relatively lower prices such as ADA, XLM, or Dogecoin. To put it simply, trade BTC and EOS in the short term and make great returns from your meager capital.

Investing in BTC or EOS in the Long Term

In a CoinDesk article titled Bitcoin’s Risk-Reward Ratio Suggests Bull Run Has Plenty of Scope to Continue, it was concluded that BTC had not reached its peak price. The article was written on 23rd March 2021 and BTC opened the day at $54,511.56 and closed at $54,738.94.

22 days later, BTC reached its all-time high of $64,863.10 on 14th April 2021.

In the same article, it was concluded BTC had a reserve risk of $0.008. This meant that the number of long-term holders of BTC was still holding on to their assets instead of selling the cryptocurrency off when it was trading above $50,000. This made BTC an attractive investment since investor confidence was higher than the price the digital asset was trading for.

At a relatively lower price below $40,000, BTC has been forecasted by FX Leaders to reach a price of $70,000 to $80,000 by June and as high as $100,000 to $120,000 by the end of 2021. One of the primary drivers of the price of BTC was Elon Musk and Tesla.

With the technology entrepreneur delisting BTC as an option of payment for Tesla automobiles, BTC may have to ride on positive crypto market sentiments, its safe-haven status as digital gold, developments in the ecosystem of the cryptocurrency, and hawkish central banks.

With that said, if you purchase BTC, whole or a fraction, BTC will need to soar to at least $80,000 before 100% gains could be recorded. With $10,000, you can get 0.2595 BTCs. In the event BTC increases by 50%, you would see your $10,000 increase to $15,000.

With $10,000, if you decide to invest in EOS, you’d be able to buy 1,763.67 EOS. For the basis of consistency, FX Leaders forecasts EOS to reach a maximum price of $23 by the end of 2021. If that price is tested, EOS will have returned 305.644% and your investment would’ve grown to a new high of $40,564.41.

Therefore, for investors with a small budget, EOS could be a better long-term investment than Bitcoin.

Will EOS ever overtake Bitcoin?

EOS will not overtake Bitcoin in the short or long term. There are several critics of Block.one, the company behind EOS, that it has failed to invest most of the $4 billion capital raised through its Initial Coin Offering (ICO) for the growth, adoption, and integration of the cryptocurrency. Although EOS thrives on an issuing authority that relies on the possibilities of blockchain technology through smart contracts, it is not the first-mover. Ethereum still controls a substantial part of decentralized finance (DeFi) in terms of active DAPPS and total value locked in despite its high gas fees.

Although EOS has a relatively better scaling time than BTC that sees it complete at least $10,000 transactions per second, it still lacks the mileage BTC has as a transactional currency. The current price milestone BTC is projected to cross is $64,863.10 while EOS is $22.89. EOS will have to increase by at least 283,268% before it can reach the price of Bitcoin and overtake it.

Although EOS can overtake Bitcoin in such an unpredictable market, it is highly unlikely.

How Much Could EOS Be Worth?

According to FX Leaders, EOS could have a trading price of $16 to $23 in the next three years. The primary drivers behind such a price forecast are positive crypto market sentiment and new developments from EOS.

According to experts at Coin Price Forecast, EOS could command a price of $27.82 by the close of 2023 and increase to $33.32 by the end of 2024. The forecasting website estimates EOS to have trading prices of $34.06 (2026), $41.41 (2027), $40.51 (2028), $47.79 (2029), $52.63 (2031) and $60.14 (2032).

CoinPedia thinks effective collaborations with certain startups for the enrichment of EOSIO’s blockchain infrastructure as well as the transaction speeds in the next 5 years will help see the cryptocurrency rally to new highs. The experts forecast a price of $160 by the end of 5 years (2026).

Digital Coin Price forecasts EOS to command a price of $8.31 on the last day of 2021 and increase slightly to $11.62 by the end of 2023. In the long term, the experts estimate EOS to have trading prices of $13.42 (2024), $20.09 (2026), $20.19 (2027), and $25.47 by the end of 2028.

Due to a projected bearish season for 2023, Captain Altcoin thinks EOS could be hit hard and closes the year with a price of $5.

Cryptonewsz forecasts EOS to command a price of $30 due to its fast, reliable network in 2023. EOS may reach $38 by the end of 2024 based on technological announcements and progress the corporate entity behind the novel token designs on.

 What Will EOS Be Worth In 2022?

According to experts at CoinPedia, enhancing EOSIO’s platform could impact the price of EOS and it may hit a high of $45 by the close of 2022.

Digital Coin Price believes EOS could have a trading price of $9.96 by the close of 2022. According to experts at Cryptonewsz, “The EOS token is all set to affirm its strong position in the cryptocurrency market, crossing all barriers scaling $25.”  

 What Will EOS Be Worth In 2025?

Digital Coin Price projects that by the end of 2025, EOS will be trading for a coin at $16.83.

According to Anisa Batabyal at Coin Switch, EOS is a great long-term investment. The analyst foresees EOS to have a trading price of $106.77 in 2025 due to strong usage by developers.

According to analyst Torsten Hartmann of Captain Altcoin, if EOS can survive 2021, it could have a price of at least $35 by the end of 2025.

According to Cryptonewsz.com, “EOS’ initiatives focusing on education, outreach, and innovations may take them to an appreciable level of $35 in 2025.” By the end of 2025, the experts expect EOS to trade in the range of $40 to $45 as the maximum price of the cryptocurrency.

What will EOS be worth by 2030?

Coin Price Forecast estimates EOS to trade for a coin at $56.29 by the close of June and end the year 2030 with a trading price of $60.09. Captain Altcoin believes by the end of 2030, EOS could be trading for $350 per coin. 

 Will EOS go down in 2021?

It is unlikely EOS will go down in 2021. There will likely be unavoidable dips which have been evident in May. Generally speaking, many experts believe the price of EOS will continue to go up in 2021.

Despite software programmer and co-founder of Block.one Daniel Larimer leaving the EOS project, there is more in store for holders of the digital token in terms of development.

Aside from this, there are no price forecasts across the credible and authentic crypto finance portals that see EOS heading into extinction zones.

Most of the analysts remain bullish on the price patterns of the cryptocurrency and attributed this to positive crypto market sentiment. Aside from this, they see a progression of the blockchain as the number one smart contracts chain of choice for developers in the months leading up to the end of the year.

According to the technical analysis done by experts at Prime XBT, EOS could reach an all-time high of $30 by the end of 2021. With such a prediction in focus, EOS is unlikely going down in 2021.

 Don't Miss: EOS Price Prediction Forecast

Who Should Include EOS in Their Portfolios?

Several traders and investors can benefit from investing in EOS for the short and long term. Traders and investors of cryptocurrency and blockchain enthusiasts are primed to take advantage of EOS and the opportunity it presents.

  • Cryptocurrency Traders: EOS is not the most popular cryptocurrency out there but independent research can point out the potential of the cryptocurrency to traders. With more partnerships in the future and EOS being involved in at least 3.6 million transactions in the last 24 hours up to the time of writing, the crypto trading asset could be the missing cryptocurrency on the portfolio of millions of traders.
  • Day Traders: Historically, less volatile assets come with steady returns. With a volatility of 2.92 in the last 30days, EOS is a high volatile asset known to have multiple percentage swings daily. For experienced traders or novice traders who are willing to learn, EOS is a great option when you know what the price patterns of the cryptocurrency are going to be in the next hours towards the end of the day.
  • Blockchain Enthusiasts: Any individual who has studied blockchain technology since its inception in 2009 would know the huge potential of EOSIO. The platform is an improvement of Ethereum and can provide upgrades to all of the decentralized applications running on Vitalik Buterin’s novel idea. What’s more, EOSIO can process more transactions on its network than Ethereum. Any investor who is sold into blockchains will know the potential of the novel token of EOSIO and take advantage of its potential in such a saturated market.

Read More: Pros and Cons of Investing in EOS

invest in eos

Is Investing in EOS Risky?

Investing in EOS is very risky. No cryptocurrency has perfect historical data. All digital assets are flawed in many ways. One of the primary factors which make it risky is that it’s an altcoin. Being an alternate coin means it is primed to follow the price patterns of Bitcoin.

In the heyday of the crypto boom of 2021 when Bitcoin reached all-time highs in February, March, and April, EOS followed and returned more than 100% year-to-date in 2021. Unfortunately, when news of a major crackdown on cryptocurrencies fell on the decentralized finance market in May, EOS plunged along with other altcoins and reached new high lows.

Moreover, EOS issuing authority EOSIO is not the most popular blockchain. It faces strong competition from Ethereum, Tron, Cardano, Polkadot, and the biggest news for cryptocurrencies in May, Internet Computer. These blockchains have similar functions and most of them are better structured and open to its cryptocurrencies being used as transactional currencies across millions of merchants online. This does not bode well for EOS and one of the main reasons why it will continue to trade below $10 for a long time.

Although investing in EOS and other cryptocurrencies is a good idea, they can lead to irrecoverable losses. Draw an investment budget and buy several cryptocurrencies that can be written off as bad debt in the case it leads to the loss of your investment capital.

Could EOS Be a Bad Investment?

EOS could turn out to be a bad investment because no one knows where the market is heading. Although there are several price forecasts by analysts and experts who are well-vexed in fundamental and technical analysis, some of the projections have been untrue. Thousands of people have bought dips and in a matter of hours had to sell those buys to make up for the huge losses incurred.

Despite the possibilities of EOS through the use of the cryptocurrency as a transactional currency that costs nothing for sending and receiving money without intermediaries, it has failed to command a price that defines its features.

A cryptocurrency such as Internet Computer (ICP) currently commands a trading price of $138.16. ICP reached an all-time high price of $737.20 on 10th May 2021 with an all-time low of $94.29 recorded on 19th May 2021. ICP does not have more decentralized applications running on its platform. Neither has it been involved in millions of transactions in the last 24 hours.

The team behind EOS should be proactive and take decisions that will see more liquidity thrown at the cryptocurrency. With Daniel Larimer (co-founder and chief technology officer) leaving the project on 10th January 2021, the development of competitive DAPPS could become a problem for the cryptocurrency’s quest to break into the top 10 digital assets in the future. This is because co-founder Brendan Blumer is an entrepreneur who prioritizes personal gains over the private economy Satoshi Nakamoto and his protégé such as Daniel Larimer stand for.

Invest in EOS but do well to check your investments twice daily. This will help you sell off your investments and lock in gains or sell-off at the right time to avoid incurring substantial losses. 

Is EOS legit?

EOS is highly legit. The legitimacy and authenticity of cryptocurrencies are assessed on the type of cryptocurrency exchanges and brokerages that list them for trading.

According to CoinMarketCap, there are more than 10,000 cryptocurrencies on the market at the moment. Only a handful feature on the top cryptocurrency exchanges globally and EOS is one of them.

EOS is listed on eToro, Binance, CoinTiger, ZG.com, OKEx, and Huobi Global. eToro lists EOS for trading. A cryptocurrency like Dogecoin (DOGE) was recently listed on eToro due to questions around the legitimacy of the meme-inspired currency and the numerous scams that have been associated with it in the past. For EOS to gain the approval of such top players in the exchange space means that it is credible and investing your money into it wouldn’t just evaporate into thin air.

Does EOS Have a Future?

YES! EOS does have a future. Brendan Blumer posted on his Twitter handle in December 2020 that “EOS offers a high performance decentralized layer 2 scaling solution for Bitcoin. That is why I’m so bullish on both.”

A spokesperson for Block.one Christina Pantin in an email exchange with CoinDesk affirmed that “We believe that a network like EOS, built on EOSIO, has the capacity and scalability to bridge a highly valuable token like BTC, which is unfortunately slow and expensive to transfer.”

In advanced cryptographic, blockchain, and cryptocurrency studies, bridging normally involves the use of the novel token of the platform that would be facilitating the process. As a result, EOS could be used as the primary bridging asset that simplifies the scalability issue associated with the use of Bitcoin.

Advancements of the blockchain, more partnerships, and adoptions of the whole ecosystem of EOSIO will see more activity on the cryptocurrency and a substantial price increase.

More importantly, EOS has a total supply of a little over 1 billion coins with more than 950 million coins purchased. In the next few years, if Brendan Blumer and his team maintain a maximum supply, scarcity may set in and see EOS soar to new highs. 

According to Trading Beasts, EOS could command a trading price of $6.05 by the close of 2021, $7.01 (2022), $8.26 (2023), and $9.57 by the end of 2024.

With such price forecasts and projections by others, EOS has a future that comes with great promises.

 Alternatives to EOS

Although EOS has a great future ahead, there are other cryptocurrencies and DeFi coins that promise great returns as well. You can invest in Ether (ETH), Tronix (TRX), Cardano (ADA), Stellar (XLM), Ripple (XRP), Chainlink (LINK), Polkadot (DOT), Uniswap (UNI), and Compound (COMP). With independent research (fundamental and technical analysis), you can spread your investments across these cryptocurrencies. With positive market sentiments, you could make huge profits in the short and long term. 

Conclusion: So, Is EOS a Good Investment?

Investing in EOS is worth considering. For thousands of people who patronized the cryptocurrency during its inception, investing in EOS has proven to be one of the greatest decisions they ever took.

Since cryptocurrencies are high-risk assets, you must consider the risks and rewards associated with investing in EOS. To put it simply, do the potential rewards of investing in EOS outweigh the possible consequences of making that decision?

EOS is backed by a highly successful blockchain that has formed partnerships with leading players in the financial space. EOSIO scales relatively faster than other blockchain technologies and processes millions of transactions daily at no transaction costs.

With that said, the team behind the technology has failed to make good use of its $4 billion seed money. They have not forged great partnerships which would bring mileage and direct usage of EOS in settling transactions on millions of online retail outlets. EOSIO also faces competition from Cardano, Ethereum, and TRON for a share of DeFi users.

EOS is gradually recovering from the corrections in prices of digital assets in May. Its relatively lower price is great for novice investors as well as experienced investors who can include it as a winnable digital coin on their portfolios.

While no investment is risk-free, investing in EOS has generated more than 100% return this year. Whether you are new to EOS investing or just curious about how to make the most out of your unyielding savings, understanding what to know before investing in EOS is highly crucial to your success. 

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FAQs

Can EOS Reach $1,000?

EOS could reach $1,000 in the long term. You should note that the cryptocurrency competes with more than 10,000 coins that provide similar functions. It's all-time high is $22.89 which makes $1,000 a long stretch from the price levels it has previously tested. It is not impossible but in the short and long term, the highest price analysts project EOS to reach is a high of $160 by CoinPedia in the next five years.

Can EOS Reach $500?

Due to its partnerships and uniqueness, EOS can take advantage of its blockchain and reach new price highs. Currently, analysts using fundamental and technical analysis project the cryptocurrency to trade below $200 for the long term. Who knows, in the future, if more investments are made which see EOS integrated more as a transactional currency and not solely for its use on the EOSIO, $500 could be reached.

What is the total supply of EOS?

As of 25th May 2021, 953,696,410.09 EOS are circulating on the market from a total supply of 1,029,863,488.

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