The EOS Coin has gained a lot of popularity in the Crypto Market. You must have heard various EOS Coin News, right? The EOS coin has been ranked 23 in the top crypto assets indicating that it has a positive outlook in coming years.
Most Importantly, EOS 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? In this article, you will get answers to all the questions related to this coin. We will also try to predict the EOS price in the coming years.
What is EOS?
EOS is developed by Block.one and was founded in 2017. It was released as an open-source platform in 2018. Basically, it is a native cryptocurrency for the EOS.IO, and for novice investors, EOS.IO is a blockchain platform.
Like many other cryptocurrencies, EOS was created to solve flexibility, scalability, and 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. 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).
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 firmly believe that EOS will change how corporations interact by providing decentralized enterprise solutions which can increase productivity significantly.
Interestingly, the owners of EOS Coin also have the right to vote on various issues. Using blockchain they can participate in on-chain governance. This will help to make important decisions correctly. 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. Did you know 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 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.
Considering the total EOS supply, the previous all-time high price of $22.89, and current prices EOS has a strong price potential. 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.
Long Term EOS Price Prediction 2021-2026
EOS will continue to jump up and down in the coming years. The analysis given below is by DigitalCoin. The EOS price by the end of 2021 should be around $6.56. Then it will notice a price hike of $7.74 in 2022. The prices should continue to increase in the coming years. For 2023 it will be $9.35 and $10.69 for 2024. For 2025 it should be around $11.86. To predict for the year 2026 is too much and the forecast cannot be trusted a lot. But, for 2026 it can be $13.08.
You need to understand the crypto market is unpredictable and these predictions shouldn't be your only deciding factor for investing in crypto.
Expert Views on EOS Coin
The CEO of Bitmain Jihan Wu 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.
Is EOS a Good Investment?
EOS is a good investment in the long run. But, if you are looking for a short period of investment then better look at other cryptocurrencies. Your investment decision will depend upon your price analysis, fundamental analysis, and future situations in blockchain technology.
EOS has a place in every investor’s portfolio. 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 Crypto Market is unpredictable we cannot firmly 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.
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 good investment?
According to experts and forecasts EOS is a great long term investment
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