The EOS blockchain is one of the most popular Layer-1 smart contract protocols in the crypto space. Created to allow for scalability, EOS is publicly seen as a direct rival to Ethereum’s dominance in smart contracts.
This has seen several experts speculate on EOS price predictions for future years following its strong use case in the decentralized economy.
If you are keen on learning how far the EOS crypto price could rise, then this guide should help you get started. We will also cover how the EOS blockchain works and if EOS is the best crypto to buy in 2023.
|♦ Coin Name||EOS|
|🔆 Coin Symbol||EOS|
|⏳ Price Change 1h||0%|
|🌕 Price Change 24h||0.07%|
|💵 Market Cap||$635,580,275|
|🌐 24h Volume||$59,468,022|
|🔄 Circulating Supply||1,103,428,734|
|💰 Total Supply||1,103,428,734|
EOS Price History
The EOS token price has seen several market movements in the past year. EOS has struggled to rediscover its form since hitting an all-time high (ATH) of $22.89 in 2018. Despite this, the EOS price has largely traded in tandem with the broader crypto market. Here are a few snapshots of EOS price movements.
- EOS opened 2021 at a low price peg of $2.63, as the crypto markets entered a bull run
- The utility token surged more than 100%, jumping to $7.89 in mid-April 2021
- A slight correction saw the EOS coin lose some steam as the price corrected to the $5 range.
- This eventually served as a springboard for EOS as the digital asset surged to a 52-week high of $11.18 on May 14th, 2021
- However, a broader bearish storm saw EOS lose most of its gains
- EOS largely traded in the $2.5 and $2.9 for most of 2022.
- The EOS price broke down following that and is now trading around the $1 mark as of mid 2023
- This presents a good entry point to invest in the asset before a major price rally.
- NowPayments added EOS Payment Support For Merchants
Popular crypto payment facilitator NowPayments has recently extended its services to cover the EOS token. The company announced a set of tools that will enable businesses and medium-scale merchants to accept EOS payments.
This could see them use it either for services rendered or push charitable donations. EOS joins a list of over 100 top-performing digital assets on the NowPayments network, and businesses will be able to integrate through APIs, plugins, invoices, donation tools and customized solutions.
The low fee structure of the EOS cryptocurrency would likely appeal to businesses looking for more optimal ways of connecting with their customers.
EOS Price Prediction 2023
After an abysmal performance in 2022, EOS hasn’t had too much time to breathe in 2023. The token opened in January 2023 at $0.86 before gradually moving comfortably above the $1 mark thanks to Bitcoin gaining more ground.
The current performance of the token puts the EOS value right in the accumulation range, but an uptick or downturn can happen depending on how the crypto market performs in general.
That said, there has been some development in the EOS EVM in the current market, which can likely push the envelope for the larger DeFi space. That can help push the EOS price to $3 by the end of 2023.
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— EOS Nation (@EOS_Nation) April 11, 2023
However, these are only speculations at this moment since the analytical chart doesn’t present many upsides for this asset. That said, one factor that can push the value of EOS is the development in the DeFi space and the community’s reception towards it.
EOS Price Forecast Long-Term Outlook – 2025 Prediction
The crypto space is expected to mature even more as blockchain technology gains momentum. Recent data from Grand View Research points out that distributed ledger technology is expected to see a compound annual growth rate (CAGR) of 85.9% up to 2030.
Popular digital assets like Bitcoin and Ethereum are expected to lead the nascent industry into another round of growth in Web3. The EOS blockchain is likely to follow along closely. If this happens, we could see our EOS price prediction for 2025 play out and the price of EOS hit $80. This would reflect a strong investor interest to tap into the highly scalable open-source project.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Potential Highs & Lows of EOS
The decentralized finance (DeFi) race is expected to heat up in the coming years. Currently, the DeFi ecosystem has over $210 billion in total value locked (TVL) with more room for growth. While Ethereum remains a clear favourite in the new decentralized ecosystem, the protocol has a maximum throughput of 17 transactions per second (TPS).
Despite its slow pivot to a proof-of-stake (PoS) consensus algorithm, the Ethereum network may likely still be outfitted by projects like EOS that already boasts blazing speed.
Given this, here are some of the potential highs and lows of the EOS blockchain in the coming years.
|Year||Potential high||Potential low|
What is EOS Used For?
The EOS blockchain is a canopy for several use cases starting from its utility token, also called EOS. Here are a few uses for the EOS blockchain and its token.
- EOS For Transactions
The EOS token is majorly used for settling transactions on the network. A developer looking to build a decentralized application on the network would typically need the EOS coins to use the platform’s resources.
- EOS For Passive Income Generation
Aside from functioning in the developer ecosystem, the EOS coin can also be tapped to earn passive earnings. Using a delegated proof-of-stake (dPoS) consensus algorithm, the EOS blockchain is properly-suited for crypto staking activities. Crypto staking involves holders of a PoS network’s token to lock up their coins for a particular period to secure the network. In return, stakers are rewarded with newly minted tokens.
Several cryptocurrency exchanges like Binance offer staking features for the EOS coin. You can generate as high as 10% APY monthly for staking your EOS tokens.
Read our full guide to earning interest on crypto.
- EOS.IO Serves as OS
The EOS blockchain does not operate in a vacuum. Instead, the protocol relies heavily on an operating software duly termed EOS.IO. Created by principal blockchain tech partner Block.One, the EOS.IO manages and controls the activities of the network.
The operating software enables vertical and horizontally scaling of decentralized applications (dApps), thereby allowing development teams to build in a free and high-performance environment.
- EOS As Bridge Between Blockchain And Web2
The blockchain ecosystem is gradually building out a new internet infrastructure called Web3.0. This infrastructure allows users to retain their data and also monetise their content with full control.
However, most blockchain protocols still rely heavily on traditional Web2 infrastructure. This is where EOS comes in.
The blockchain protocol enables the seamless transfer of data and values between blockchain protocols and the internet as we currently know it. This way, blockchain-based applications can easily function as their web-based applications, thereby boosting adoption in the long term.
The EOS protocol also includes secure access and authentication, permissioned infrastructure, data hosting, and usage management tools.
What Drives the Price of EOS?
The crypto market is largely dictated by the price movement of the premier digital asset, Bitcoin. This is due to Bitcoin’s deflationary tendencies that make it a reserve currency for other cryptocurrencies.
Additionally, Bitcoin is the foremost decentralized currency hence its key market control. A price jump or drop would reflect on altcoins like the EOS token. Even as such, the EOS project also has a lot of say in how far its token rises or dips.
Most blockchain protocols rely heavily on ecosystem expansion through integrations to boost their token’s utility. The EOS blockchain has largely been slow in this aspect, with its last major integration coming in 2021. Additionally, Layer 1 smart contract platforms have relied on grants targeted at attracting developers into their ecosystem. This usually has the positive effect of allowing more developers to use its codebase to build dApps.
However, the utility token has remained one of the most adopted crypto assets globally.
Where to Buy EOS
EOS currently boasts $3.1 billion in a fully diluted market cap. The asset is currently ranked as the 49th most valuable crypto asset by market valuation. Given this, several digital asset exchanges offer trading support for the EOS token. However, choosing the best one for you to track the EOS token and make EOS forecast can be a tad difficult.
To solve this, we reviewed several popular choices and social trading leader eToro came out tops.
eToro – Best Crypto Broker to Buy EOS
eToro comes fully packed with a lot of user-focused services and a great trading experience.
The eToro platform was launched in 2007 by the Assai brothers and David Ring. From its earliest stage, eToro functioned more in the traditional financial landscape, where it offered commodities, stocks, bonds, FX pairs and its industry-leading copy trading services.
However, the online broker has expanded its services into the crypto space. eToro currently supports over 50 popular digital assets. While its direct competitors may boast a large amount of crypto support, there are a few things we believe makes eToro stand head-over-shoulders above the rest.
eToro offers low crypto trading fees, and you can invest from just $10! It’s also the world’s leading social trading platform, allowing you to follow and interact with some of the top crypto traders in the world.
What We Like
Cryptoassets are a highly volatile unregulated investment product.
Is EOS the Best Crypto to Buy in 2023?
The EOS project is one with huge potential, but its price action has been disappointing. EOS token may not be the best crypto to hold this year for upside in the short term.
For higher growth potential we recently reviewed Love Hate Inu, a memecoin project with unique fundamentals set to compete with the traditional online survey industry. Love Hate Inu is a vote-to-earn project where users can vote by staking their tokens and earning rewards in return.
The entire process is developed from the ground up by taking inspiration from the standard DAO project that extends its fundamentals to the traditional polls. Users can cast their votes to vote on a particular issue and earn APY in return. And the more people engage with the polls, the higher their rewards will be.
There are three systems at play here that facilitate this process. You have your general voting system that allows users to cast their votes with a click of a button. The polling system allows users to leverage the onboarded tools to create their own unique and quirky polls. The final element is the management dashboard that allows users to monitor their polls and polls they participated in to monitor their activities.
And since the original vision was the challenge the online survey industry and make the ecosystem more dynamic and rewarding, Love Hate Inu CEO Carl Dawkins has recently unveiled that a fourth system is in the works - the VIP KYC system. The VIP KYC system will allow businesses to create nuanced polls with multiple voting options rather than the standard bi-optional approach of "love it hate it".
These simple fundamentals have allowed Love Hate Inu to hit the ground running during its presale, and the token has currently raised $7million. The devs have not imposed any vesting period on these tokens, which means once the presale concludes, which will be soon, you will be able to get 100% of the tokens that you buy during the presale. Go to the official website to join this unique presale project by clicking on the link below.
The EOS blockchain has come a long way since launching in 2016. While the protocol has been touted as a likely successor to Ethereum, EOS has not lived up to expectations.
New protocols like Solana and Avalanche have arguably replaced EOS as the most promising projects. Both of those, and EOS, are available on eToro.
Alternatively, investors may wish to consider Love Hate Inu, a unique memecoin project that rewards people for voting and is set to be listed on exchanges later this year.
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What is a EOS price prediction?
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