Pros and Cons of Investing in EOS, Will It Be a Millionaire Maker?
Is It Good to Invest in EOS?
Learn more about the pros and cons of investing in EOS that will push you to become knowledgeable as to whether it is a good idea to invest in EOS.
EOS may just be the missing cryptocurrency needed to bring massive gains to your investment portfolio. In this article, we are going to take an extensive look as to why you may consider investing in EOS, the pros and cons, and the core areas of the business to look out for.
Before investing in EOS, you must know the partnerships, adoptions, integrations, and decentralized applications running on its issuing authority. Investing in EOS by reading recommendations on Twitter, Facebook or Reddit doubles your chances of making irrecoverable losses.
To start with, EOS isn’t your daily cryptocurrency. Instead, the digital asset offers something unique from the other types of cryptocurrencies on the market.
EOS, unlike Bitcoin (BTC), Litecoin (LTC), and Dash (DASH) is backed by an ecosystem that has a goal of simplifying the programming and integration of smart contracts and the development of decentralized applications (DAPPS).
This unique technology makes its cryptocurrency (EOS) a great crypto trading asset worth your investment. But to begin on any investment journey, you must realize no cryptocurrency has a perfect trading score. You must understand what EOS does and any pitfalls it might have that can also render it a bad investment.
Due to its newness and features, several analysts and experts have forecasted bullish sentiments for EOS in the future. Others have gone on to add EOS to the blockchains of Cardano and TRON as an Ethereum Killer.
Can EOS become the top smart contract chain for developers? Is EOS a good investment? Will EOS continue to soar?
- What is EOS?
- The PROS of Investing in EOS
- The CONS of Buying EOS
- Is EOS a Millionaire-Maker?
- Conclusion - Is EOS a Good Investment?
What is EOS?
To begin with, the term EOS is normally used across crypto finance news outlets to represent blockchain technology and cryptocurrency. You should know that blockchain technology is called EOSIO. Its novel token which powers the technology (EOSIO) is referred to as EOS. EOS is also the ticker symbol used in trading on exchanges and brokerages globally.
Now that we have an understanding, EOSIO refers to a decentralized, blockchain-based system that enables the development, hosting, and execution of commercial decentralized applications (DAPPS) on its platform. It was co-founded by software programmer Daniel Larimer and serial entrepreneur Brendan Blumer. It was released in June 2018 through the company Block.one.
EOS effectively exists as three different but interconnected entities.
- The EOSIO Ecosystem - this is similar to the Operating System of a personal computer such as Windows or Mac. This platform oversees the effective control and management of the EOS blockchain network. There is the utilization of the blockchain architecture built to see to the facilitation of the scaling of DAPPS.
- EOS - this refers to the cryptocurrency which powers the network of EOSIO. It serves as a transactional currency as well as a basic requirement that makes developers eligible to build DAPPS and use resources within the network.
- Block.one - this is the company that continuously develops the EOSIO network and EOS. They also offer people the products and technology they need to be able to build transparency in systems, trust in transactions, and efficiency in how the world works.
The idea behind EOS is to provide simplicity, security, reliability, and the necessary community needed to build ideas on a blockchain. Typically, the pioneer blockchains such as Bitcoin, Litecoin, Dash, Dogecoin, and Ethereum are overly congested.
And this often results in high transaction costs and long confirmation times which bring about questions related to reliability.
Although there are more than 1000 blockchains out there, EOS provides an alternative platform for the creation of smart contracts DAPPS that is practically free and 100% secure. Moreover, EOS can be used to build other technological applications which are not necessarily connected to decentralized finance (DeFi).
Ready to Invest In EOS?
Just a couple of years after EOS was released, its parent company Block.one forged great partnerships. One of such partnerships came in October 2020 when Google Could join forces with EOS to become an EOS Block Producer. Through this partnership, Block.one will work in tandem with Google Cloud to provide new and improved ways for its open-source community of developers to engage and build applications on EOS.
The Chief Executive Officer (CEO) at Block.one Dan Larimer in responding to the Google Cloud partnership pointed out that, “Google Cloud will continue to provide its highly provisioned, low-latency infrastructure to Block.one. Through secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation, Google Cloud’s confidential computing infrastructure will enhance the security, scalability, and decentralization of blockchain technology.”
This is one partnership out of many as multi-strategy investment firms, decentralized autonomous communities, and market-changing oriented technology companies have all sought the services of EOS.
Currently, EOS processes millions of transactions daily and has some of the best performing decentralized finance applications on the internet. Some of the biggest adopters of EOS technology include but are not limited to FinLab, Galaxy Digital, and SVK Crypto. What’s more, there are whispers that EOS processes more transactions per second than well-established transaction processing companies like VISA.
For many crypto experts and financial analysts, EOS has the potential to replace Ethereum as the number one smart contract chain of choice for the creation of secure, standardized, fast-scaling, and reliable decentralized applications (DAPPS).
Having processed 3.62 million transactions in the last 24 hours, the possibilities of the EOS ecosystem are endless.
With all the above under perspective, you should weigh the pros and cons of investing in EOS before you decide on the cryptocurrency.
Trading Education has dug deep into the ecosystem of EOSIO and the possibilities of its novel token (EOS) on the market. If you want to know all the pros and cons of investing in EOS which can guide you as to whether it is a good idea to invest in EOS, you can be rest assured that you are in the right place.
The PROS of Investing in EOS
What are the benefits of investing in EOS?
There are several crypto analysts and experts that think EOS has a great future and classifies it as an attractive investment for novice and experienced traders. Let us take a look at some of the positives as to why EOS is a good investment.
✅ EOS is Relatively Cheaper than Other Cryptocurrencies
As of Monday, 24th May 2021, 5 P.M. BST, EOS has a price of $4.86. When compared to primary rival Ether (ETH), EOS has not reached any substantial price milestone. EOS reached an all-time high of $22.89 on 29th April 2018 and hasn't tested that price in the last 3 years.
In the 4th week of May, the market has started strongly from the bears it traded for towards the end of the 3rd week of May. Bitcoin has returned 15.59%, Ether (34.19%), Stellar (37.10%), Cardano (28.10%), Chainlink (44.30%), Litecoin (26.83%), and Bitcoin Cash (30.49%) at the time of writing. Its current trading price is 67.3387% lesser than its year high of $14.88 recorded on Wednesday, 12th May 2021.
This has taken billions of dollars off EOS’s market capitalization. In the process, EOS has lost its position as one of the top 20 digital assets in the world. EOS is highly undervalued when you take into consideration the number of active users patronizing its decentralized applications. Aside from this, there are thousands of developers who are staking EOS tokens to be able to build more DAPPS which brings huge liquidity to the cryptocurrency.
FX Leaders believe EOS deserves better than its current trading price. According to analyst Arslan Butt, EOS could command a trading price in the range of $10.11 to $12.59 by the end of June 2021. The analyst foresees a bullish crypto market and favourable technical analysis in the form of a symmetrical triangle breakout.
The analyst further forecasts EOS to have a trading price of $18.59 to $23 by the year’s end of 2021. The drivers behind such price milestones are ascending triangle breakouts and increased adoption and utility. The finance portal which also covers cryptocurrencies estimates EOS could be affected by the bearish season of 2023 and trade in the price range of $16 to $23 in the next three years (2024).
Buying EOS in May could see you walk away with at least 282.51% in gains.
Read Also: Could EOS Be A Millionaire-Maker Coin?
✅ EOS is heavily backed by Its Decentralized Applications
EOS is an unsung hero when it comes to talks about decentralized finance. Since Ethereum has the first-mover advantage and Charles Hoskinson keeps accomplishing Cardano’s milestones, novice blockchain enthusiasts do not know much about the potential of EOSIO on the market. Popular decentralized applications on EOS include but are not limited to Everipedia, Newdex, Defibox, Joker.one, DeFis Network, PIZZA, Organix, VIGOR, GRAVY, Dmd.Finance, DolphinSwap, Equilibrium-EOSDT, and EOS MARKETPLACE. These applications record substantial daily volumes which impact EOS.
DAPP REVIEWS provides accurate DAPP data, user insights, and market analytics on more than 5000 blockchains which includes EOS. In its 2nd quarter market report on decentralized applications in 2020, EOS finished second to Ethereum in terms of the total transaction volume of DAPPS.
Overall, the total transaction volume was $16.73 billion. EOS had a total volume of $2.02 billion which was a 16.7% ($1.75 billion) increase when compared to the 1st quarter report in 2020. The $2.02 billion represented 12.07% of the total volume recorded. Casino and Decentralized Exchanges (DEX) applications accounted for 99.6% of total volume. At the time, there were 160 casinos and 25 exchanges running on EOS.
At the time of writing, as per data retrieved from DAPP RADAR, there are 30 exchanges. Overall, EOSIO had 676 applications running on its platform. EOS ended the 2nd quarter of 2020 on 30th June 2020 at $2.3790. EOS opened on 1st January 2021 at $2.6320 and increased substantially to close the 1st quarter of 2021 on 30th March 2021 at $5.5910 before going on to reach its year high of $14.88. This means there has been an increment in DAPPS running on the platform through several partnerships. The DAPPS have contributed to the huge trade volumes in May.
Digital Coin Price asserts that EOS is going to increase by the end of 2021 and beyond. According to the experts, EOS could trade for $7.22 by the end of 2022, increase to $8.65 and re-test price milestones and ultimately settle at $10.09 by the close of 2023. In the long term, the accurate crypto market analysis and data portal estimate EOS to reach prices of $11.65 (2024), $14.62 (2025), $17.44 (2026), $17.53 (2027), and $22.12 (2028).
With such predictions as a strong thesis behind the future of EOS, the cryptocurrency could soar to new highs and bring huge gains to traders and investors.
✅ Year-On-Year Improvements in Trading Volumes
Trading Volume plays an integral role in assessing investor confidence in an asset. Normally, when trading volume increases, it sends signals to investors that many people are interested in cryptocurrency. When volume continuously decreases, it signals a major drop in prices. Moreover, this certifies the fact that investors are selling off their stake in an asset and placing them in other assets with a huge potential in the market.
In comparison to 2020, EOS is recording relatively higher trading volumes in 2021 than in April and May 2020. As per data retrieved from CoinMarketCap, a trading volume of $2,517,775,172 was recorded on 1st April 2020. On 1st April 2021, EOS recorded a volume of $6,667,890,047, a 164.833% increase year-on-year. On 6th May 2020 EOS had a trading volume of $3,394,425,326.
On the same date in 2021, EOS increased 498.885% to $20,328,710,732. Trade volume on 10th May 2020 stands at $5,587,247,809 while volume on 10th May 2021 stands at $7,999,780,398. Trade volume on 23rd May 2020 stood at $1,990,987,499 and $3.22 billion was the volume on 23rd May 2021.
With increasing trading volumes, you can buy EOS by being rest assured that more investor confidence will not see your crypto trading asset go extinct.
Coin Price Forecast believes EOS is going to see double its price in the future. According to the experts, EOS could have a trading price of $5.73 by the close of June and trade for a coin at $10.37 by the end of 2021.
The crypto prediction website thinks EOS could soar to new price highs at $18.87 (2022), $25.51 (2023), $30.56 (2024), $30.74 (2025), and as high as $55.18 in 2032.
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✅ EOS is High Volatile on the Market
In its simplest form, the term volatile means something liable to change rapidly and unpredictably.
Cryptocurrencies' volatility is untenable. Novice and experienced traders and investors can take advantage of multiple swings in prices to add gains to their portfolios. Blockchain enthusiasts, cryptocurrencies, and day traders who have not watched EOS can monitor its price history and bring great returns to their investments.
With independent research and consultation of technical analysis, the unpredictability of EOS can be used as a hedge against assets that tend to result in irrecoverable losses.
Prime XBT has predicted a bullish future for EOS backed by technical analysis. According to the analysts, “EOS has finally set the first major higher high since the bear market began, and it should soon see a measured move that to a new all-time high of around $30 per EOS once an Adam and Eve bottoming pattern confirms with a breakout.”
✅ Solves the Scalability Problem Associated with Blockchain Technology
Scalability has been one of the major problems associated with the adoption of blockchain technology by mainstream organizations.
According to a study done by Deloitte, several organizations are fed up with the old ways of going about their business operations.
In turn, they would love to give new and improved technological methods a shot. Unfortunately, the relatively lower processing speed has made it difficult for this to happen. EOS thrives on a blockchain that does not have such a problem.
Instead of opting for the proof-of-work (POW) algorithm which was employed by Bitcoin, EOS chose to be different. The team behind the project decided against POW and used a delegated proof of stake (DPOS) algorithm.
But how does the delegated proof-of-stake work? EOS token holders continuously participate in an election of the 21 entities that lead the chain. The 21 entities are the parties that can resolve disputes, verify transactions and make upgrades to the network. These entities are referred to as BLOCK PRODUCERS.
The block producers earn new EOS as it is minted with each block for verifying transactions. Aside from this, they serve in the same role as miners on the proof-of-work blockchains on Bitcoin and Ethereum networks.
What if one of the 21 block producers fails to verify a transaction? There are also backup block producers that can step in at any given time, should any of the first 21 fail to perform.
✅ Faster scaling times leads to low transaction fees
EOS is highly scalable. The EOSIO ecosystem can scale up to a maximum of 10,000 transactions per second (TPS). Due to its unique structuring, EOS is one of few blockchains in addition to the TRON Network that has been able to eliminate transaction costs. There are multiple reports that EOSIO has been outperforming Ripple in terms of transaction speed. This explains the transaction count of 3.62 million recorded in the last 24 hours.
Since EOS serves as a transactional currency (utility token) as well as a network token, developers and users of the cryptocurrency will continuously bring more activity to the digital asset. This huge demand will take the price of the crypto trading asset to relatively newer heights in the future.
CoinPedia has weighed in on the future of EOS. Unsurprisingly, its forecast is positive. According to the experts, “The price is expected to maintain the uptrend and eventually trade in between $18 to $24 by the end of 2021.” The crypto news and forecasting portal estimates EOS to command a high price of $45 to end 2022.
✅ Could likely Support BTC integrations
It’s known that BTC has a relatively higher transaction fee as a result of higher congestion on its network. In an email exchange with CoinDesk, it was revealed that the EOS Community will likely support more Bitcoin integrations. One of the spokespersons of Block.one, Christina Pantin pointed out 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.”
Across several partnerships where there is the solution of bridging, the cryptocurrency associated with the ecosystem providing the solution is primarily used.
Suppose this moves from possibility to reality, thousands of EOS could be used in helping BTC scale relatively faster than its current 4.6 transactions per second. Such liquidity could take EOS into the top 10 most valuable digital assets in the world.
✅ Has Maintained Strong Partnerships
Partnerships are integral market drivers of cryptocurrencies. Some mainstream partnerships of EOS include Galaxy Digital. This is a multi-strategy investment firm focused on digital assets and blockchain technology. Others include SVK Crypto and FinLab.
Through these partnerships, blockchain technology and cryptocurrency are gaining exposure. With more partnerships resulting in the creation of DAPPS in several categories which also help drive the price of EOS, the potential for the crypto trading asset is immeasurable.
EOSIO provides the perfect foundation for developers of decentralized applications (DAPPS). It includes sets of the most popular services and functions required by DAPP developers in the modern era of blockchain technology. Its strategy simplifies the entire DAPP programming process considerably. It also provides CLOUD STORAGE assistance.
Long Forecast foresees EOS as a long-term investment. Experts at the forecasting website believe EOS can reach $14.05 in June 2025.
The CONS of Buying EOS
What Are The Demerits Of Investing In EOS?
Before you decide to invest in EOS, you cannot just consider the pros and forget about the cons. Several factors make investing in EOS a bad investment. No crypto trading asset is perfect. Knowing the pitfalls of investing puts you in a great position to make good decisions.
❌ EOS’ Parent Company Has Been Involved in an SEC Settlement
Block.one is the company behind the blockchain and cryptocurrency. On 30th September 2019, the United States Securities and Exchange Commission announced settled charges to the tune of $24 million against EOS’s parent company for conducting an initial coin offering (ICO) of digital tokens that were unregistered. According to the Securities and Exchange Commission, “Block.one did not register its ICO as securities offering pursuant to the federal securities laws, nor did it qualify for or seek an exemption from the registration requirements.”
This does not bode well for EOS and raises suspicions in the minds of several long-term investors who feel the chicken may come back home to roost. It would have been better for Block.one to have gone through the necessary processes instead of allowing the SEC to add EOS to its growing list of securities which to them are being portrayed as cryptocurrencies on the market. The announcement had a slight impact on the price of EOS as it shed 0.85% of its opening price on 30th September 2019.
❌ EOS Is Losing its High Staking Fans
In 2021, lovers of crypto have gotten to know the importance of fans in driving the prices of digital assets. Elon Musk has been a major driver of Bitcoin and the same man who started its sharp recession in the 3rd week of May.
Musk has also been involved in pumping Dogecoin to new all-time highs. Other fans such as Snoop Dogg and Mark Cuban have done their part in terms of promotion and adopting cryptocurrency as an option of payment.
For TRON, Lindsay Lohan has marketed the power of TRX especially its ability to facilitate transactions at no cost to the user.
EOS had Colin Talks Crypto. As a major proponent of the technology behind the cryptocurrency, Colin Talks crypto promoted the cryptocurrency on the website.
He also used his Twitter handle to communicate news and the potential of the cryptocurrency on the market. Unfortunately, on 10th January 2021, pro-EOS YouTuber Coin Talks Crypto announced that he has sold his EOS holdings. Aside from this, Colin ran an EOS proxy where holders could back his picks for the best block producers. He shut this down proxy after the departure of Chief Technology Officer (CTO), Dan Larimer.
This does not help the course of the cryptocurrency or the blockchain technology behind it. Although EOS has responded well to the crypto boom of 2021, it’s still undervalued and could command a relatively higher price due to the possibilities of its technology.
Colin Talks Crypto has more than 31,000 subscribers. More than 50% represented by 15,500 people watch his videos on YouTube. With such an awesome platform, Colin Talks Crypto could have done an awesome job in welcoming novice and experienced investors as to the issuing authority behind the EOS cryptocurrency.
If more fans of EOS decide against holding their stakes in the digital asset, the price could fail to test price milestones that have been forecasted by analysts and experts.
Block.one started participating in EOS governance in 2020 and is the largest single holder of EOS tokens. This has forced several crypto analysts and experts to associate this decision by the issuing authority with centralization. When Satoshi Nakamoto created Bitcoin in 2008 and released it to the general public in 2009, he wasn’t a part of any governance system since he employed the longstanding SHA-256 proof-of-work algorithm.
The delegated proof-of-stake (DPOS) means that some individuals should make decisions with regards to upgrades and more importantly verification of transactions. If Block.one has more tokens and you need a substantial amount of EOS tokens to be able to contribute to governance, then EOS is one of the few blockchain technologies which are a bit centralized in a decentralized market. This does not bode well for its integrity as a decentralized blockchain and its cryptocurrency as a decentralized finance utility token.
Aside from this, co-founder Dan Larimer on Hive when asked about what’s next for EOS pointed out a few factors. Excerpts of his response go, “What can we do to make EOS successful? The most common definition of success that I see is a high token price. EOS is successful if everyone who buys it makes money. What if EOS achieved this success by becoming a completely regulated, centralized, walled garden of KYC’d users?”
For traders and investors who prioritized decentralization as the primary motivating factor for using crypto, such comments are not helpful for the EOS cryptocurrency. With such a comment coming out of the mouth of a co-founder means the future of EOS as to how it is going to be managed in the future is uncertain. The cryptocurrency market is highly unpredictable. Having a cryptocurrency that has an unpredictable future could see a plummet in the price of digital assets. The resultant effect could see you lose huge sums of money that cannot be recovered.
❌ Dan Larimer’s Departure Does Not Help the Future of EOS
The brainchild of EOS is Daniel Larimer. He is a software programmer. Larimer comes from the novelty generation of blockchain technology and cryptocurrency traders who believe in building a separate financial economy where we as citizens of the world control all aspects of our financial activities. Unfortunately, the co-founder is serial entrepreneur Brendan Blumer. As a business-oriented person whose primary aim is to maximize profit at the end of any business venture, Blummer looks forward to plugging his returns into the traditional economy.
Managerial differences have led the Chief Technology Officer (CTO) to leave the project as far back as 10th January 2021. This can be likened to the Ethereum situation where Vitalik Buterin wants to maintain the whole project in a decentralized manner. On the other hand, current Cardano founder Charles Hoskinson felt a great deal of censorship may hit cryptocurrencies in particular in the future, so there must be some form of centralization.
Unlike EOS, Charles Hoskinson and Vitalik Buterin are high-technological savvy guys who have extensive experience in the crypto finance space. Unfortunately for traders and investors of EOS, the current leadership will be solely interested in bringing more partnerships to the ecosystem. This leaves the cryptocurrency as a mere utility token preferred by lovers of the cryptocurrency as well as a currency for settling transactions on DAPPS.
By eliminating transaction costs, EOS could benefit extensively from millions of integrations on online merchants. With Daniel Larimer gone, EOS may see activity from developers who stake it to be able to build more technological applications. In the long run, this may not help EOS’s course to break into the top 10 digital assets globally.
❌ Still Attached to Bitcoin in Terms of Price Movements
EOS fell into the short-span plunge of digital assets in the third week of May. Although the news was primarily centered around BTC, all the altcoins followed and reached new high lows. With the possibilities of EOS’s blockchain, some people felt it should have gained some form of independence by now. Unfortunately, it followed ETH, ADA, TRX, DOT, and LINK, cryptocurrencies with smart contract chains by heading south of the charts.
Several regulatory bodies worldwide have started raising questions as to thousands of securities trading online as cryptocurrencies. A major crackdown may be on the cards. While a crackdown could take all cryptocurrencies down, EOS may be one of the few to head down early due to question marks around the future of the cryptocurrency.
Is EOS a Millionaire-Maker?
EOS could be a millionaire-maker in the future if you decide to buy and hold for the long term. EOS offers upgrades to many of the core functionalities of Ethereum. With a substantial amount of money reserved through its initial coin offering, more partnerships could be formed that will bring huge liquidity to the cryptocurrency.
As an investor, EOS could make you a millionaire if you take into consideration the following factors.
- You must consider the price of the cryptocurrency at the time of purchase.
- You should be willing to invest in the long term, preferably, with an expert price forecast as the main thesis behind your investment decision.
- You should consider your investment budget.
For simple mathematics, let us peg the price of EOS at $5. According to experts at CoinPedia, EOS could trade for $160 in the next 5 years. Suppose the forecast by CoinPedia is tested in the next 5 years, you’d need to purchase a minimum of 6300 EOS. This will cost you $31,500. At a new price of $160 multiplied by your 6300 EOS equals $1,008,000.
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Conclusion - Is EOS a Good Investment?
Several experts and analysts at crypto news and prediction portals forecast positive price patterns for EOS in 2021 and beyond. With that said, the uncertainty of the cryptocurrency market presents digital assets as high-risk investments. As a result, as a trader or investor, you must do a thorough assessment of EOS by considering risks and rewards. Do the potential rewards exceed the possible consequences of the risks?
EOS certainly has some risk factors. The founders hold a substantial number of the tokens but it’s still a long way from posing any challenge to first-mover of smart contracts Ethereum or parent crypto Bitcoin in terms of price or market capitalization.
Have you considered investing in EOS?
On the other hand, EOS is becoming known to novice traders and investors and since its inception has the backing of major players in the centralized and decentralized finance world. The issuing authority behind the cryptocurrency has several DAPPS running on its ecosystem that boosts activity on the cryptocurrency which is a positive sign for investors.
The current price of EOS which is relatively lower than others makes the digital asset a great barrier of entry for novice investors. For experienced investors, the price presents a perfect opportunity to add another asset to their growing list of crypto-backed portfolios of investments.
Simply put, EOS is a low-risk investment that comes with lots of potential rewards. It’s something you should definitely do some research before you consider adding it to your portfolio.
According to experts at Previsioni Bitcoin, EOS could be trading for a coin at $7.90 by the end of the month and soar to $15.39 by the end of 2021. With such a price forecast in sight, perhaps now could be the right time to invest in EOS so that you do not miss out on gains from the buying of dips.
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Can EOS Reach $1,000?
Currently, there are no experts based on fundamental or technical analysis that have made forecast that EOS can reach $1000. The all-time high of EOS stands at $22.89. The next price milestones being forecasted are $30, $50, and then $100. After the prices have been tested, then $1,000 may be on the cards in the long term.
Can EOS Reach $100?
Coinpedia predicts EOS to test $100 in the future and settle at $160 in the 5 years.
What Will EOS Be Worth in 2030?
Coin Price Forecast estimates EOS could trade for a coin at $62.36 by June and end the year with a trading price of $66.57.
Does EOS Have a Future?
In the future, there is a huge chance that there could be a collaboration with startups to enrich the infrastructure of the EOS blockchain. This could improve the number of transactions that can be processed and result in more mainstream partnerships, adoptions, and integrations.
Although we have provided a great fundamental analysis to guide you, we’d advise you do independent research backed by technical analysis to see if EOS will be good for you in the short and long term.