With the crypto world making huge strides, it is viable for new traders to get interested in the phenomenon. Entering the crypto domain can be overwhelming, especially with 7,800 cryptocurrencies to choose from. However, names like EOS stay a reliable choice regardless of a trader’s market experience.
Currently valued at 11.43 dollars, the crypto project startled the industry as one of the most successful ICOs of all time. EOS racked up over 4 billion dollars within a year and is a viable crypto choice even in 2021.
According to CoinSwitch EOS price forecast, it is expected to surge up to 100 dollars by 2025. Given its esteemed growth rate, the number seems fairly achievable.
Table of Contents
What is EOS?
Launched back in 2017, EOS is one of the most successful Initial Coin Offerings to date. Published by Block.One, the project was developed by CTO Dan Larimer (founder of Steemit and BitShares).
It is the native crypto under the EOS.IO blockchain protocol. The EOS protocol is a smart contract-based platform for decentralized protocols and apps. These apps and protocols are developed as enterprise solutions for computer processing hardware, computer resources, and storage.
EOS also released a whitepaper in 2017 and launched an ICO, racking up 4.197 billion dollars in one year.
Historical Data of EOS
EOS launched in 2017 with an initial price of 1.03 dollars. Before the year ended, EOS managed to breach the 10 dollar mark multiple times. But it was in 2018 that the crypto reached the 20 dollar mark, reaching 22.89 dollars. However, the year ended with EOS drastically falling to 1.74 dollars.
Come 2019, and EOS went back to 8.52 dollars, but it again finished the year on a low at 2.62 dollars. 2020 was a relatively stable year for OS, as it started at 2.59 dollars and ended at 2.62 dollars.
Experts Talk on EOS Growth
Like every other crypto, the price of EOS also relies on BTC’s actions. Generally, if Bitcoin faces a bull period, the industry rises and vice-versa. The health outbreak sent the industry on a downward spiral, but 2021 has been an amazing year for cryptocurrencies.
As per Michael Novogratz (Galaxy Digital’s Founder), Block.One is a crucial partner, and he thinks EOS will outperform the competition. According to Ali Ayyash (Lumeous’s Founder and CEO), EOS will become the biggest blockchain on the web.
Which is Better Trading EOS or Investing in EOS?
EOS’s future significantly depends on whether it can outperform ETH. Most investors believe the risk is too high; thus, they deem EOS a good trading option. To optimally capitalize on EOS trading, investors try EOS CFDs as well. Therefore, it is safe to state that trading EOS is currently the superior choice.
EOS Price Prediction for Upcoming Years
EOS is now valued at 11.43 dollars, and as per experts, it will continue to grow. As per Trading Beasts, the crypto will stay at 11.53 dollars. By 2022, the crypto will be valued at around 12.24 dollars.
Come 2023, and EOS is predicted to end the year at 13.23 dollars. In 2024, EOS is expected to reach 14.32 dollars, according to Trading Beasts. While many predictions follow a similar growth pattern, some like CoinSwitch believe the crypto will breach the 100 dollar mark by 2025. Visit https://www.cryptonewsz.com/ to get detailed analysis on EOS price predictions.
Future of EOS Coin
As EOS is currently placed at 11.43 dollars, it is a viable investment option. However, the crypto has a history of significant price fluctuation. That is why investors tend to avoid long-term investments in it. Still, many believe EOS will experience a bull trend and end up at 30 dollars within a couple of years. Depending on its ability to overtake ETH, EOS might become the most notable project on the web.
Being associated with fame is nothing new to EOS as it was one of the most successful ICOs of all time. Over the years, the crypto has experienced significant fluctuations, but it appears to be getting back on track. It is currently stably placed over the 11 dollar mark, and experts see it growing gradually from this state.
You may also like: Best Cryptocurrency Platforms in 2021-2030