EOS has caused many heated discussions in the crypto market. Will the coin compete with Ethereum? Today in our EOS price Prediction, we have gathered all the related information about the coin, the fundamental used in the project, it historical price analysis and the EOS price prediction form experts. By the end of this article, we’ll have covered almost all information that investors and traders need to know of EOS before making any investment. Let’s get started
What is EOS – The Story?
EOS is a Blockchain platform of the next generation that continues to attract strong media attention for its record-breaking ICO and exclusive functionality. The EOS.IO community is particularly popular, intending to make decentralized applications (Dapps) and simplify the programming and integration of smart contracts.
The most surprising feature of the EOS.IO platform is that by its special framework, it virtually excludes transaction charges. The platform is also incredibly flexible. EOS.IO can exceed major loan cards such as Visa for transactions per second, as stated in reports. Thus, EOS gives Dapp developers the perfect platform.
Daps are protocols that operate through decentralized networks, such as tor or Blockchains. To facilitate collaboration within the industry, Dapps are dependent on a set of standards. Dapps, therefore, gives the community a more sustainable business solution.
What Is EOS Coin Used For?
EOS has a native cryptocurrency like other Blockchains, simply known as EOS. You have to pay transaction fees when using the Ethereum Blockchain. This is called GAS, which is highly costly because more and more users are using the network. Thus the network is not suitable on a global level when it comes to sending the minimum amount of money. This does not benefit on a worldwide basis, so submitting small sums is not worthwhile. That’s why Ethereum was built. When people have to access the network, they rent the virtual machine of Ethereum, which requires a transaction fee.
The EOS model is however different: EOS coin holders own the network instead of “renting” computing power. The EOS coin works in conjunction with any other cryptocurrency. You can easily make the transaction between any wallets. It is a perfect payments system since in just a few seconds you can send money for free to anyone on board.
With its multibillion-dollar ICO, it is no wonder that EOS was listed on the majority of major exchanges in the initial days. The network launched its key network formally in April 2018. The launch led EOS to a new all-time high of $21.46
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EOS Price Analysis & History
The EOS’ value changed considerably over the past year – as seen in the chart below, the price increased considerably by February 2020, but then abruptly after February 15th, it turned rock-bottom. EOS has since steadily declined – with one exception: the second spike in August 2020, and a drop afterward.
Throughout the year, EOS hit a high all-time value of $5.36 per token, compared to EOS price of $1.86 per token this year. This gave traders a very good opportunity because of two years of decline and a bearish market. Since the fall of September EOS has not been able to expand its bullish accomplishment above $3. Furthermore, a falling triangle indicates that the EOS value may be down to $1.75. This descending pattern of the triangle was created in 2018 – so it’s done and done. The coin is currently trading for $2.65.
EOS Price Prediction 2021
TradingBeasts prices prediction for EOS is more likable. The coin is expected to reach around $2.00394 by May. The potential is expected regarding this seen. It is expected that EOS will be traded with a value of $2.54680 by…