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EOS Price Analysis: How Much Might EOS Cost in 2018, 2020, 2025?

  • George Shnurenko
    📚 WikiCoin

    Find out all about EOS cryptocurrency here

EOS Price Analysis: How Much Might EOS Cost in 2018, 2020, 2025?
Cover image via u.today

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.

EOS is a Blockchain-based platform which provides support for decentralized operations and facilitates the creation of Blockchain apps. In addition to this, EOS cryptocurrency, the token offered by the network, has shown enormous potential and is attracting investors at an unprecedented pace.

The developers also declare that the network is able to complete 50,000 transactions every second - an attribute which will allow for stability when the usage of EOS cryptocurrency becomes widespread.

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Cryptocurrency Transaction Speed as of 2019

Cryptocurrency Transaction Speed as of 2019

What makes EOS cryptocurrency unique?

  1. The maximum supply available is one bln EOS
  2. The coins cannot be mined, they are obtained by making investments
  3. It provides a significantly higher transaction speed which outperforms existing platforms

For the aforementioned reasons, EOS is tipped to emerge as one of the leading cryptocurrencies in the nearest future and it is fondly referred to as Ethereum on Steroids. Some also claim that the acronym represents Endless Online Scaling, however, there’s no word on its legitimacy.

EOS price history

Without a doubt, being able to ascertain the accurate price prediction of EOS cryptocurrency will ensure that investors make an informed decision. Assessing its historic performance will help in identifying hidden patterns and will cause a proper evaluation of the currency’s potential.

Trade began on the second of July, 2017 and the official price was put at $1.03 per EOS. At the time, this seemed reasonable and fair for a new entrant to the crypto sphere. However, for a period of four months, the coin wasn’t getting as much activity as earlier predicted and price slumped.

November 2017 saw a sudden turn of events and EOS surged rapidly. On Nov. 4th, it was trading at $1.21. In the same time, the market capitalization of EOS cryptocurrency was estimated to be $54 mln. From then on, its volatile nature became obvious to all and finally, on Jan. 13th, EOS reached a new high. It was trading at $18.16 with a market cap of $109 mln dollars.

Unfortunately, the vicissitudes which are usually exhibited in cryptocurrencies got a hold of EOS and the law of gravity set in. It began a downward spiral which saw the price at $4.08 as of March 19th. Again, it took five weeks to recover before it finally peaked at $21.46 on April 29th. By this time, the market capitalization was put at $176.6 mln.

Currently, it is trading for less than $12, but this doesn’t gainsay the potential of EOS cryptocurrency. It has a Blockchain infrastructure which rivals that of Ethereum and it is ranked as the fifth largest coin based on market capitalization. Some of the other reasons for its perceived growth are explained below.

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EOS is a less risky alternative to ETH or BTC

Let’s say EOS rises rapidly in the next few weeks and you become interested in the currency, you can still purchase as much as you want without spending a fortune. This is not true with cryptocurrencies like ETH and BTC as their price is much higher. Hence, investors who are in need of low-cost coins with long-term benefits will find EOS appealing.

A noteworthy marketing strategy

Block One is not only renowned for their technical expertise, their marketing strategy also propelled them into the limelight. They were able to earn the attention of notable entities such as New York Times and Reuters and this caused their ranking on CoinMarketCap.com to rise.

EOS has a remarkable growth chart

EOS broke into the top 10 space within a very short while. Its ascension, according to several crypto experts, is too good to be true, more like a fairy tale. Consider that we have over 1,340 cryptocurrencies in the market. Among this multitude, EOS, a newcomer, manages nearly $1.5 bln in trading volume daily. The future is particularly promising for EOS!

EOS price prediction 2018

We have to factor in the fluctuations we’ve seen in the last couple of months. Although it is still too early to identify solid trends, we can be sure that EOS won’t exceed a range. Several financial experts offered their opinion on the subject and it varies widely.

One thing is sure though, EOS will rise before the end of the year. Expect the coin to sell for about $30 or more by December. For those who bought it for less than a dollar in 2017, this is extremely good news!

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EOS price prediction 2020

By this time, EOS will be seen as a serious rival contending with ETH for the ultimate spot. The EOS infrastructure boasts a slightly superior technology which allows for improved transaction speed, but Ethereum has been around for longer and they are more reliable. We should expect EOS to sell between $45 and $70.

EOS price prediction 2025

By this time, EOS would’ve spent almost eight years on the scene. This is the approximate age Bitcoin began to enjoy the unbridled rise to fame, peaking at $20,000. Although the circumstances differ and there’s no assurance that EOS will replicate Bitcoin’s result, there’s a threshold. EOS should go for at least $1,000.

EOS coin
Image by pexels

Reasons to invest in EOS

If you’re sitting on the fence and you need a little push, consider this list carefully. Perhaps, it is what you need to make that investment you’ve always wanted.

  1. EOS is the fifth  largest cryptocurrency based on market capitalization
  2. EOS has an impressive daily trade volume.
  3. It has a limited supply  

Reasons to ditch EOS

It is important to face reality when making decisions as crucial as this. As a result, some of the demerits are listed below.

  1. It hasn’t been around for so long
  2. It is currently experiencing a downward trend
  3. The graph doesn’t provide adequate information about its behavior

Conclusion

As the EOS platform becomes popular, the coin will also increase in value. A good idea would be to invest in this currency for the long-term. EOS cryptocurrency offers exciting prospects and the envisaged ubiquity of decentralized apps is enticing. Yet, nothing is certain. You might need to consult with professionals before taking such a huge step.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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