MWill EOS Bounce Back in 2022?
EOS has consistently risen in demand after raising a record $4 billion in venture funds during its ICO in 2017. Interestingly, more investors are seeking to back the EOS blockchain following a solid bullish trend in recent years.
With an unusual network that processes over 2 million transactions per second, the EOS blockchain seems to have won the hearts of crypto traders, and grabbed the attention of Paypal’s co-founder, Peter Thiel. It doesn’t look like the EOS ecosystem will be forgotten anytime soon with all of these.
In recent times, the EOS ecosystem has continued to increase in adoption. Thanks to its Blockchain-as-a-Service enterprise. With an unprecedented market capitalisation of $2 billion and circulating EOS tokens spanning over $977 million, the price today might be the lowest we would ever see it.
Notwithstanding, let’s look at some news that could affect EOS’s future price before going into the EOS forecast.
Latest News That Could Affect EOS Future Price
Recently, the EOS community has been building a solid future for the EOS cryptocurrency. As many community members were not happy with the network’s performance, they decided to part with the project’s founding developers.
In other recent news, EOS founder Dan Larimer wants to build an incredible application for EOS to revive the EOS cryptocurrency. That said, let’s look at the EOS’s past performance.
EOS Price History
EOS started 2021 on an incredible bullish trend. EOS peaked at a recent high of $14.88 in May 2021. This red-hot start drew a lot of attention, as the coin was one of the giant coins by market cap at that time. Although the EOS coin has failed to reach its 2018 all-time high of $22.89, the recent feat was an eye-opener for many doubting Thomases.
However, the price of EOS has dropped low since a sharp correction occurred in May 2021. Since then, it has become challenging for EOS to replicate the bullish momentum exhibited at the start of the same year.
EOS has been swinging the $2 and $4 mark for most of the past few months while facing intense rivalry from similar projects like Solana and Polygon. With the split of the EOS community from its founding developers, will it still be possible for EOS to replicate its past price performance? Let’s find out the opinion of technical analysis experts for the EOS forecast.
EOS Technical Analysis
Now, we discuss the opinion of technical analysis experts on their EOS price predictions for the coming years. This section will give us an idea of the long-term price prediction based on indicators, market patterns, and other technicalities.
EOS Price Prediction 2022
With EOS competing against substantial smart contracts projects including Cardano, Polygon, Solana, amongst others, the 2022 price prediction may not perform exceptionally. However, the coin is expected to close in a strong position by the end of 2022. The analysts at Wallet Investor predicted that EOS should close 2022 within a maximum price range of $6.30.
EOS Price Prediction 2023
EOS price analysis by experts at Trading Beasts suggests that EOS should reach a minimum price of $3,07 by 2023. Due to its previous trading range, the trading volume of EOS is also expected to increase in the same year.
EOS Price Prediction 2024
According to Trading Beasts, more adoption of the EOS cryptocurrency is expected in the coming years. By 2024, the average EOS price prediction is likely to be within $4.73. However, technical analysis experts at Wallet Investor expect the EOS price to close a little higher at an average price of $6.24 in the same year.
EOS Price Prediction 2025
According to Digital Coin Price, the EOS prediction for 2025 could reach $10.19 by 2025. The technical analysis at Wallet Investor also predicts something similar. They predict the EOS price will reach a maximum of $12.71.
Remember that these EOS price predictions do not translate to certainty. The cryptocurrency market is a high-risk market, and the EOS forecast is subject to change. Do your research before deciding if EOS is a good coin for your portfolio.
EOS Forecast | Experts Opinion
Now that we know some of the EOS price forecasts for 2022 till 2024, let’s look at the long-term price predictions for EOS tokens.
According to the popular YouTube channel Altcoin Radar, EOS has long-term potential and could reach a $50 billion market cap in the future. The opinion of the experts at the same channel predicts that the EOS price could potentially reach $50 in the long term. With more cryptocurrency adoption expected in the next few years, experts believe that the EOS price prediction can hold water sooner than expected.
Note that you can’t rely on price predictions to predict the future. The past performance also does not mean the same price cycle. The price of a coin largely depends on real-world usage, market sentiments, on-chain and off-chain indicators, and the likes. Do your own research, or you could risk losing money rapidly.
What Is EOS?
EOS is an open-source blockchain developed to create secure and transparent infrastructures for businesses and developers. Backed by a strong community committed to building the EOS platform together, the EOS team offers a fast, flexible, and highly-configurable blockchain platform to improve smart contract transactions efficiently.
Founded by Dan Larimer and BrendanBlumer in 2017, EOS was built to support both public and private networks. The EOS developers built the platform to ensure that developers, creators, and businesses develop and innovate confidently on the EOS network.
One of the most exciting things about EOS blockchain is that the EOS protocol powers two incredibly fast public blockchains and over 400 Decentralised Applications (DApps). Similarly, EOS’s most significant advantage over other blockchain projects eliminates unnecessary transaction fees, making it very cost-effective and available for all investors.
The EOS Token
EOS is the native cryptocurrency of the EOS blockchain. The EOS token is a blockchain network that operates on the open-source protocol of EOSIO. The EOS cryptocurrency is so powerful that it allows creators, developers, and businesses to access a wide range of DApps seamlessly.
With a market capitalisation of over $3 billion and a circulating supply of 976,433,916 EOS coins, the EOS coins continue to be supported by a strong community of digital asset holders. Having followed a bullish trend to an all-time high of $22.89, the current price of EOS does not look encouraging. However, the EOS crypto token might explode in trading volume with a recent increase in retail investor accounts on the network.
Now that we are familiar with the EOS cryptocurrency, let’s answer some of the frequently asked questions.
People Also Ask
Is EOS a Good Investment?
With the recent poor price performance, it might be difficult to tell if EOS will be a good investment for the future. However, one positive part is that the price of EOS grew to $14 in the past 12 months. Many crypto experts unanimously believe that EOS will see such a price again.
While the current price is underwhelming, the EOS coin still has excellent future potential. Also the trading volume is expected to hit new highs.
Can EOS Reach $50?
Despite performing poorly in recent times, there is still a high potential that EOS could reach $50. However, the EOS coin might not get the $50 mark anytime soon. Crypto experts are incredibly confident that the EOS price will bounce higher in the coming years.
Nevertheless, remember that nothing is inevitable in the highly volatile cryptocurrency market. Past price performance does not translate to the same future price trend. Do your research, and trade only money you can afford to lose.
Should I Invest In EOS?
Your choice to invest in EOS depends on your risk appetite and expertise in the cryptocurrency market. While EOS can be a potentially good long-term investment, remember that your invested capital should be money you can afford to lose. However, you can become a part of the EOS token holders by investing in the coin on a platform like eToro. Remember that trading is a high-risk venture, and the price of EOS may not always follow a bullish trend.
Where Can I Buy EOS?
EOS is available on many cryptocurrency exchanges. You can buy EOS tokens on Binance, Coinbase, or other cryptocurrency exchanges. You can visit these exchanges and add EOS to your investment portfolio. However, if you want to buy EOS without any complexities, eToro is the platform to use. You can trade EOS or any other digital asset on eToro seamlessly. Just register for a trading account, and start your trading journey.
Disclaimer
Don’t start trading on the information you found in this article. This EOS price prediction article is for informational purposes only. Note that none of the information in this article is investment advice. The crypto market is a high-risk one. It is essential to do your own analysis and trade only money you can afford to lose.