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EOS Price Prediction [Update]: dApp Domination from EOS Could see it overtake Tron and Ethereum

  • Darryn Pollock
    🤷 Opinions

    dApps are seen as good indicators as to a healthy smart contract platform and with EOS dominating those stakes it could be good news for the price


EOS Price Prediction [Update]: dApp Domination from EOS Could see it overtake Tron and Ethereum
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dApps are becoming more and more popular and far more usable and effective, but it is their underwritten blockchain that is helping this along. For many of the current top dApps, it is EOS that they are flocking to with the protocol outdoing the original ‘world computer’ Ethereum, as well as a big challenger in Tron.


In terms of the effect of dominating the dApp environment, it can only be seen as a positive for the blockchains as it shows that they have a functional and real-world use case. Ethereum may have begun the movement of decentralised apps and smart contracts, but the likes of Tron, EOS, and others are trying to take it to a new level.

In regards to the price prediction of the EOS token, this can have a massive effect in the short to medium term, and even the long run, as with more developers using the EOS blockchain comes more interest and growth.

Tron has been making a lot of noise with its acquisition of BitTorrent and other areas, but it is EOS that is slowly going about its business to find a killer blockchain dApp, even out doing the original that is Ethereum.

Winning the race

A quick look at dApp data paints one picture, as it shows Ethereum has 1374, EOS 314 and TRON 137 dApps. This seems to indicate that Ethereum is actually the king of dApps, but on closer inspection, the data highlights more.

Most of the Ethereum dApps are quite pointless, and very experimental, because of the age of the Blockchain. One can notice that the clear majority of Ethereum dApps only have 1 or 2 users with many of the having 0.

Moreover, Ethereum has 25 dApps with 100+ daily users and only 1 of these has daily users exceeding 1000.

But, a look at EOS shows that this Blockchain is far more active with 48 dApps with 100+ and 20 dApps with 1000+ daily users.

TRON too is doing a lot better than Ethereum with 27 dApps with 100+ and 18 dApps with 1000+ daily users. Clearly, if success is measured by dApp usage then EOS and TRON would be the only ones who are achieving success.

Finding a use case

It should be that successful platforms are measured in daily active users, especially for a nascent platform like the Blockchain. People are still very much in the experimental stage, but they are also looking to break out and make Blockchain a functional part of their lives.

Ethereum may have broken the ice, but if people are finding EOS, and even Tron, as a good place to host their platforms and users are happy with the experience, then these Blockchains have taken a big step forward, leaving Ethereum behind.

Finding value

It is also not so hard to draw a conclusion between the price prediction of EOS in the medium term if this sort of solid growth continues. If more and more dApps come to the EOS platform, enticing ore users, then there is every chance the value of the token will start to increase thanks to simple supply and demand principles.

Cover image via u.today
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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Contents

Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

Cover image via 123rf.com
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