Will EOS eventually reach $100?
There is a high level of optimism about EOS (EOS) future price action among crypto analysts and investors who are confident that it will eventually reach and rise above $100. While they don’t expect it to hit this target price this year, they are confident that EOS has all it takes to thrive and rise above $100 in the next few years.
They base this opinion on the fact that EOS remains one of the most used blockchains in the world and that it has posted relative high daily trading volumes consistently even during crypto market dips. This, they argue, proves enough that there is enough demand for EOS tokens. It, therefore, only needs a spark to ignite its biggest price rally yet and help it break above this price.
But in addition to the current usability and demand for the EOS coin, what other fundamental factors show that the altcoin has what it takes to reach $100? Can these help it rise above $100 in future, $500 maybe?
We answer both questions below and tell you what experts think the EOS coin will be worth in 2025? But first, let us take a brief look at the current price, its journey here, and is EOS ready for a shot at $100.
EOS (EOS) Current Price
The EOS coin is currently trading at $2.77 on CoinDesk. It is up by more than 1.64% from its price 24 hours ago and about 87.90% from its all-time high of $22.71 hit on 29th April 2018. During the crypto market rally that visited the crypto industry between January and May 2021, EOS coin joined the rally late (around March) and peaked at $14.88 on 11th May.
This rally, however, tipped, and the crypto market crashed, just at the point when the EOS coin had gathered enough momentum and set aim on breaking above the 2018 all-time-high. We cannot tell how high up EOS coin prices could have reached were it not for the market crash - but analysts at the time had intimated that it would help the coin set the base for a run towards the $100 target price.
At the height of the rally, CoinPriceForecast had even predicted that the EOS coin would rise to $71.89 by mid-2022 and climb further to close 2022 trading at $84.93 before eventually breaking above $100 within the first six months of 2023.
Today, a lot has changed. Virtually all cryptocurrencies - the EOS coin included - have dipped and are currently trading at relatively low price levels. Analysts have also adjusted their predictions, and most investors are on the wait and see mode.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
So, Will EOS (EOS) Reach $100?
There is still a high level of optimism about EOS coin’s ability to reach $100 in the next few years. Crypto analysts, EOS investors, and price prediction websites are looking at the altcoin’s impressive past performance, the innovativeness of its blockchain technology, and the massive following it currently enjoys and conclude that it has what it takes to reach $100.
Is it feasible? Yes, because there are only 1 Billion EOS coin tokens in circulation. A $100 valuation will, therefore, only push the EOS network market capitalization from the current $2.7 Billion to $100 Billion, which is less than 10% of the current total market cap of the entire crypto industry.
They have also been quick to point out a few fundamental factors that they believe will play the biggest role in influencing EOS coin future price action and shape its journey towards $100. The four most prominent include:
1. More adoption
EOS is already one of the most popular blockchain projects around. For years, it has featured prominently on the list of most used blockchain technologies - a trait that most analysts attribute to its user-friendly DApp creation platform and fast transaction execution speeds. But it still needs to attract more developers to the network and push for the adoption of EOS crypto products which creates the demand needed to incite material price jumps.
2. Maturity of blockchain space
A decade after the launch of the first blockchain and cryptocurrency project (Bitcoin) - different countries and authorities are coming to terms with the fact that the technology is here to stay.
This is a sign that the crypto industry is maturing. And when governments start embracing blockchain and cryptocurrencies, it gives institutions and companies the confidence to start building on the technology. Considering EOS user-friendliness, analysts expect it to be a top choice for most developers and institutions moving forward, which will, in turn, give a huge boost to its token prices.
3. Crypto market performance
EOS coin price action, like that of all other cryptocurrencies, mirrors the overall performance of the entire crypto industry. This implies that the sooner the crypto market rebounds and escapes the dip, the sooner EOS prices will start rising again.
4. Perception
The delegated proof of stake security model was adopted by EOS and Block.One’s (the company that developed EOS blockchain) active involvement in the project has given the impression that the EOS blockchain isn’t as decentralised as its developers want us to believe.
This may have made possible investors and developers sceptic about investing in the altcoin or creating programs on the blockchain. The sooner that Block.One addresses this and builds crypto community confidence in EOS’ decentralisation, the sooner its token prices start climbing again.
Read Also: 15 Reasons Why You Should Invest In EOS Today
Will EOS (EOS) Eventually Reach $500?
Well, most analysts and technical analysis reports by different websites indicate that EOS will eventually reach $500. But this isn’t a short term price target as they can only see the altcoin reaching this price level at the turn of the decade.
But is a $500 valuation for EOS coin feasible? Can it really reach $500? You must be asking. And we choose to answer this by comparing it to its biggest competitor - Ethereum - and on the market cap vs token supply basis.
EOS can be said to be one of Ethereum’s oldest and most successful forks. It provides its users with everything that Ethereum has to offer and makes it more appealing by ensuring that its decentralised platform is faster, maintains relatively lower transaction fees, and has a more developer-friendly interface. This implies that EOS has what it takes to break above Ethereum’s current price of $3,140.
Further, getting to $500 per EOS coin with a maximum supply of 1 Billion tokens means a $500 Billion market capitalisation. This is still less than 20% of the crypto industry’s peak market cap of $2.5 Trillion reached on 12th May 2021 - according to CoinMarketCap.
But we have mentioned that it is estimated to get here at the turn of the decade. So, how will the EOS coin perform between now and then?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What Will EOS (EOS) Be Worth In 2025?
EOS is a highly volatile cryptocurrency, and its next price action can be hard to predict, but crypto analysts are confident that it will be worth way more in 2025 than it is today. The trader sentiments on the long term appeal of the EOS coin, as an investment product, is also strongly bullish.
Technical analysis by CoinPriceForecast indicates that EOS coin prices will rise again and resume embark on a rather meek uptrend that drives its prices to $6.83 by the end of 2025.
A similar analysis by the Wallet Investor also indicates that EOS coin prices will rise again. It indicates that the altcoin may start 2025 trading around $9.84 and rise to $14.42 by May the same year before correcting and ending the year selling for $12.13.
The CryptocurrencyPricePrediction website has the most optimistic view of the EOS coin’s future. Its analysis of the EOS future especially stands out because of the rate at which it expects EOS coin prices to grow.
It shows that EOS may break above its all-time high price in February 2025, trading at $24.86. By December 2025, it indicates that one EOS token could be selling for $40.76.
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Conclusion: Will EOS (EOS) Reach $100.
It is highly likely that EOS will eventually reach $100 in the foreseeable future. The fact that it remains one of the widely used blockchains, it has performed exemplarily well in the past, and its blockchain is quite promising, convinces the market that it has what it takes to reach $100.
But given the lacklustre performance of the crypto industry and though the analysts expect the coin to uptrend, EOS is not expected to reach $100 this year. In fact. Technical analysis by different price prediction websites indicates that the coin will be trading between $10 and $178.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.