Is EOS Coin a Good Investment? | Analysis and Experts Views

Dev Gupta Dev Gupta
Aug 15, 2022 6 min read
Is EOS Coin a Good Investment? | Analysis and Experts Views

The EOS Coin has gained a lot of popularity in the crypto market. The crypto token had a very successful ICO of all time as it raised more than $4 billion.

Due to this many investors are closely looking at the EOS price.

But, is it really worth investing? Read this article till the end to find the answer to this question.

What is EOS?
What is Unique about EOS Coins?
EOS Price Analysis and Price Potential
Long Term EOS Price Prediction 2022-2031
Expert Views on EOS Coin
Is EOS a Good Investment?
FAQ

What is EOS?

EOS is developed by Block.one and was founded in 2017. It was released as an open-source platform in 2018.

You must have seen many people comparing EOS to Ethereum. This is because EOS is also a blockchain ecosystem through which individuals can create and develop decentralized apps (dApps).

Like many other cryptocurrencies, EOS was created to solve flexibility, scalability, speed issues, and high fees in Ethereum and Bitcoin.

The whitepaper for EOS is written by Dan Larimer and Brendan Blumer and was released in 2017.

EOS wants to be the most powerful infrastructure for dApps. Block.one has provided all the necessary tools and resources to help developers make functional apps quickly. The user-friendly design is its highlighting feature.

Many investors believe that EOS will change how corporations interact by providing decentralized enterprise solutions which can significantly increase productivity.

Interestingly, the owners of EOS coins also have the right to vote on various issues. Using blockchain they can participate in on-chain governance. EOS is also supported by famous investors like Peter Thiel and Michael Novogratz.

What is Unique about EOS Coins?

In the crypto market EOS is a controversial crypto token. But, due to its powerful technology, it has long-term profit potential.

The blockchain technology behind the EOS.IO can empower many industries and businesses. It can change computer resources and how various applications work.

Due to all these impactful reasons, the value of EOS in the long term can increase. The most overlooked factor is that the Block.one CEO and EOS cryptocurrency token's main developer is Dan Larimer.

He is the person who generated the concept of decentralized autonomous organizations (DAO) and invented proof-of-stake. No wonder he is known as Bill Gates of blockchain.

He was an integral part of the founding of companies like Steemit, Bitshares, and Graphene. Larimer’s involvement in EOS suggests that EOS will be in this race for the long term and its price can also increase.

EOS Price Analysis and Price Potential

To analyze the price potential of EOS we first need to check its history. EOS was traded at around $1 in 2017. But, by the end of the year, it reached a very high price of $11.39.

In April 2018 it skyrocketed and reached its all-time high of $22.89 but it eventually fell to $2.56 by December 2018.

In 2021 the EOS cryptocurrency had a price of $2.61 and increased to $8.72 in April. At the beginning of May, the EOS price spiked to $13.47 and then was fluctuating between $6.15 – $6.30 on 1st June.

Now, predicting the actual value of EOS is quite tough. This is because blockchain technology like EOS is new and still has many years left to show its true potential.

Many investors speculate that blockchain technology will upgrade more and revolutionize many industries. If this happens then EOS has the potential to break its all-time high price.


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Long Term EOS Price Prediction 2022-2031

EOS will continue to jump up and down in the coming years. The analysis given below is by Cryptopolitan.

Note: These are all predictions and not actual figures. No one can accurately predict the price changes of EOS. With that in mind let's see the predictions.

In 2022, the anticipated minimum price of EOS is $1.64. Considering the average EOS price prediction of $1.70, the price may go as high as $1.92.

In 2023, Β the EOS future price of EOS cryptocurrency can reach a minimum value of $2.37. The average price for EOS could be $2.45 with a maximum price of $2.85.

The minimum price of EOS in 2024 could be $3.57 and the average selling price can reach $3.67. It can touch a maximum price of $4.14.

In 2025, the cost of 1 EOS can reach Β $5.09. Throughout the year the coin will carry an average price of Β $5.28. The EOS price can go as high as $6.18.

The minimum price of EOS in 2026 is predicted to be $7.45 with an average anticipated price of $7.67. The coin can go as high as $8.64.

In 2027, the lowest price of EOS is predicted to be $10.86 with an average trading value of $11.25. While the highest price of EOS could be $13.12.

In 2028, the minimum price could be $15.89 with an average selling price of $16.34. The highest the EOS could reach is $18.99.

It is predicted that EOS in 2029 will reach a minimum price of $24.27 with the average price being $24.92. The maximum price of EOS in 2029 will be $27.76.

In 2030, the lowest the coin could reach is $34.17. EOS will have an average trading price of $35.17 and the highest price predicted is $41.52.

In 2031, EOS will have the lowest price of $49.33. The highest it can reach is $60.40, with an average prediction price of $51.09.

You need to understand that the crypto market is unpredictable and these predictions shouldn't be your only deciding factor for investing in crypto.

Expert Views on EOS Coin

Jihan Wu, CEO of Bitmain said that the EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption.

Galaxy Digital which is a crypto investment firm has made a huge investment in this project. Founder Michael Novogratz said that EOS had significant outperformance compared to the rest of his company’s portfolio.

Wallet Investor suggests that EOS can be a good long-term investment.

Edgar Fernandez, EOS Costa Rica Co-Founder said, "EOS has the potential to create millions of verified human EOSIO based accounts if there’s a use case behind it, whether that’s regulatory, in the private industry, or public sector. It could be anything from decentralised ID to efficiency in customs agencies, to issuing bonds on a blockchain, to tokenized fiat money, or the traceability of vaccines".

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Is EOS a Good Investment?

EOS is a good investment in the long run. But, if you are looking for a short-term investment then EOS is not a good choice for you. Your investment decision will depend upon your price analysis, fundamental analysis, and future situations in blockchain technology.

The development in blockchain development and how it will replace a lot of things indicate that EOS has a bright future. Although there is no definite answer to this question. It depends upon your investment style and taste.

As you know the crypto market is unpredictable and we cannot advise you anything. How much risk investors should take will depend upon their comfort and income. But, as you have noticed through the EOS coin numbers and what other investors think EOS can benefit you if you make the right decisions at the right time.

FAQ

Who is the founder of EOS?

Dan Larimer is the founder of EOS.

When was EOS crypto founded?

The Alpha release of EOS crypto was in 2018 and the latest release was in 2020.

Is EOS a good investment?

According to experts and forecasts, EOS is a great long-term investment.

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