EOS Price Index – Real-time EOS rate
EOS Price Live Performance Indicators
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EOS Price Summary
EOS is one among the many digital currencies that have benefited from the market-wide growth of cryptocurrency. The price of the EOS cryptocurrency in the last 24-hour trading session was $2.58, which is about 0.8% below the opening price at the beginning of the year. Despite the apparent underperformance year-to-date, the EOS tokens have been convincing this year about their desire to break above the year-to-date peak established on February 12, 2020.
The market capitalisation of EOS has spent much of this year fluctuating. It clocked approximately $5.13 billion on February 12, which is the year’s highest peak. Just four weeks later, the market cap crumbled to $1.66 billion while the price touched the year’s lowest point at $1.80. Since then, the price is up by 43%.
EOS Price History
EOS is the native cryptocurrency of the EOSIO blockchain platform. Block.one developed the platform targeting real-world use cases defined by three needs; high-speed transactions, secure application processing, and role-based security permissions.
Because a blockchain network involves users who interact on a peer-to-peer (P2P) level, there is a need for a token to facilitate the transfer of value in a trustless environment. This is the function that the EOS tokens play. When the EOSIO platform first launched, the developers airdropped 1 billion EOS tokens. The digital currency began to circulate officially on July 03, 2017, at $3.54 each, and a volume of about 354 million tokens.
But prior to EOSIO’s first test net, the value of EOS in the cryptocurrency market declined drastically until it bottomed at $0.52 on October 22, 2017, the lowest price on record. The token did not stay down there for long as it was lifted by the broad positive sentiment in the crypto market in late that year to $11.40 on December 21, 2017.
Interestingly, EOS did not decline alongside the market during the 2018 rout. While the rest of the market burned, EOS grew to peak at the all-time high price of $20.23 on April 29, 2018. Two major factors contributed to EOS’s huge performance in the first half of 2018. First, EOS’s success must have emanated from the project’s successful initial coin offering (ICO) that raised a whopping $4.1 billion. Secondly, the project carried out hugely successful test nets in the first half of 2018, dubbed Dawn 3.0 and Dawn 4.0.
EOS Price Prediction
The mid-March decline dealt EOS a huge blow, but the token has mustered enough courage to dream of a new peak before year-end 2020. There is a chance that the token will finish the year higher than it opened for reasons that include a five-month persistence above $2.40.
A technical analysis of EOS paints a rosy picture for 2020 performance. The digital currency opened the year at $2.46 and quickly moved to break major resistance levels. After four weeks, the token was sitting atop the year’s peak at $5.39. But the drastic decline that followed breached some very important support levels.
Beginning of Q2 2020 saw the digital currency establish critical support of $2.40, which has stood strong till date. In the meantime, EOS has broken the $3.20 resistance level twice in the space of two months. Although a slight retracement occurred in late August and in September, this does not seem very threatening. As such, EOS price is likely to close the year slightly above $4.00.
By 2021, there is a possibility of EOS advancing past the rank 13 it holds today, perhaps into the top three cryptos that support smart contracts. Anyone who invests in cryptocurrencies is also looking forward to great future results based on the assumption that the digital currencies will play a more central role in the economies of the future. In particular, the EOSIO platform presents market-leading solutions which might grow the token’s popularity in 2021 and beyond. Possibly, EOS might attain a price of $30 and above during this time.
Expert Tip on the Price of EOS
EOS has proved beyond any shred of doubt that it has the potential to defy the general trend. In 2018, for instance, the token climbed to record highs as the market crumbled. Going forward, smart investors better train their eyes on the solutions EOSIO has to offer to avoid missing the next EOS surprise move. But you will do better if you ensure you utilise technical analysis tools with a particular focus on the Average Directional Movement (ADM) used together with the Average True Range (ATR).
EOS is the native cryptocurrency that facilitates transactions over the EOSIO platform. The platform provides blockchain-based solutions for authentication, databases, accounts, as well as asynchronous communications. Its colossal potential is already manifest in a new social media platform called Voice. Voice is a social media platform of the future where truth matters. For this reason, the price of EOS might surpass our prediction depending on how it will be integrated into the Voice community as well as other use cases.
EOS Value Compared to Other Cryptocurrencies
Yes. EOS has great potential to grow massively in the coming few years, especially because of the attractiveness of the solutions the EOSIO platform is churning out.
There is no doubt that EOS’s performance over the last two quarters has shown a hunger for higher highs. However, the token has not capitalised on its strength yet. Still, this could be the right time to buy because the token might shoot for the skies the moment it breaks above the psychologically important $4 level.
It seems the EOS cryptocurrency bears have exhausted their steam because the token’s last huge fall was in March. Considering that the fall happened when the whole market was correcting, another such decline is unlikely.
This is not impossible because EOS has plenty of opportunities for growth. Depending on factors such as the performance of Voice, EOS could touch $1000 by the middle of the next decade.
EOS has shown remarkable resilience over the past two years since the April 2018 peak. All this while, the digital currency has underperformed primarily as a result of an ecosystem-wide underperformance. But if viewed from the perspective of its potential, EOS is sorely undervalued.
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