Vera Thornpike

EOS Price Forecast 2019. EOS Potential Will Go Through the Roof – $20 Value Is Expected

EOS price forecast 2019 from popular websites and experts: What are the chances of hitting the $20 mark?
EOS Price Forecast 2019. EOS Potential Will Go Through the Roof – $20 Value Is Expected
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EOS is one of the most advanced blockchains around, so it’s not surprising that the token is gradually gaining in value. Being “a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications”, EOS is a perfect choice for commercial dApps. During its 1-year ICO, EOS' market cap has reached $4 bln, though now it’s $2.5.

What can drive EOS growth, and what are the EOS price predictions 2019?

EOS price forecasts 2019

The cryptocurrency market is very volatile, so it’s hard to make any certain short-term predictions. However, some websites try to speculate on the EOS price. Here are the forecasts provided by analytic portals:

  1. According to Wallet Investor, EOS is one of the rare cryptocurrencies that would be a great choice for investment. Its team believes that EOS will reach $911 by 2023.

  2. A Steemit writer, OrdinaryRich, said that EOS might hit the $20 mark by 2019. Besides, he predicts that EOS will have about 60% more than Ethereum’s market cap.

  3. The CoinSwitch website states that EOS will cost around $15 during 2019. Investors are interested in this coin thanks to its great technology. A lot of experts are sure that EOS will develop as one of the best ICOs on Ethereum network.

Here’s the information posted on the Coinfan website:

 EOS 2019 price month by month
EOS 2019 monthly price prediction from Coinfan

At the moment, the forecast isn’t accentuated yet, but things can still change.

What will drive EOS development?

The Theoofy.com website provides pretty much the same information: its EOS prediction for 2019 is $20. Such price growth can be triggered by several events.

  • The domination of Bitcoin and Ethereum over the cryptocurrency market is expected to decrease by 15%. As new, more advanced cryptocurrencies enter the industry, investors will switch their attention to altcoins.

  • The crypto market will grow by at least 4%.

  • EOS’ market cap is expected to rise and reach 60%, larger than Ethereum’s market cap. The Block.one blockchain has enough potential to overtake Ethereum.

What else will contribute to EOS’ growth? There are many factors that will drive its development: community activity, social hype, new technical releases, investors and partnerships. It’s clear that EOS will be further implemented in the infrastructure of corporate users. The EOS community will be lucky if the Chinese and US governments change the current situation regarding regulation – it might open new opportunities.

The number of applications based on EOS is growing significantly, and the community is attracting partners from different spheres:

Meanwhile, Internet users claim that even if EOS reaches $10, it will already be a significant achievement. Before it starts soaring, you should consider this coin for investment.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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