In the ever-evolving world of cryptocurrencies, making informed investment decisions is crucial. EOS, as a native cryptocurrency underpinning the EOS.IO blockchain protocol, has been a subject of intrigue and speculation. Investors often wonder, “How much will EOS be worth in the coming years?” and “Is EOS a viable long-term investment option?” In this comprehensive guide, we will delve deep into EOS price predictions for 2023, 2024, and beyond, providing you with the insights you need to make informed decisions in the fast-paced world of digital assets.
Introduction to EOS
EOS.IO, the underlying blockchain platform for EOS, stands as a revolutionary smart contract platform designed to address the scalability and processing challenges faced by traditional cryptocurrencies like Bitcoin and Ethereum. Launched as an enterprise-grade solution, EOS.IO encompasses various essential aspects of decentralized applications, including computing resources, storage, and more.
EOS’s genesis can be traced back to the release of its white paper in 2017, developed by visionaries Dan Larimer and Brendan Blumer, leading the charge at Block.One. The initial coin offering (ICO) for EOS took place between June 2017 and June 2018, setting a record by amassing over $4.197 billion in capital.
While EOS remains a subject of debate within the crypto community, its disruptive technology holds the potential to redefine the landscape of computing resources and applications, offering solutions to diverse industries. As a result, the long-term value of EOS could experience exponential growth, making it a compelling asset for long-term investors.
EOS Overview
As of September 25, 2023, EOS (EOS/USD) is trading at $0.562 per EOS, boasting a market capitalization of $624,820,213 USD. With a 24-hour trading volume of $62,391,691 USD, EOS has witnessed a marginal change of -0.9% over the past 24 hours. The circulating supply stands at 1,103,643,003 EOS.
EOS Forecast and Long Term Outlook
EOS has a total supply of 1,029,909 native EOS tokens, securing its position as the 23rd top cryptocurrency by market capitalization. This ranking underscores its positive long-term outlook and anticipated growth.
Remarkably, EOS achieved an all-time high value of $22.89 on April 29, 2018, distinguishing itself from most other cryptocurrencies that peaked in December 2017 or January 2018. This resilience suggests that EOS possesses inherent bullish momentum, potentially driving it towards the price projections outlined in this guide. However, it’s worth noting that EOS currently trades well below its historical high.
EOS has earned the moniker “Ethereum Killer” due to its ambitious goal of achieving 100,000 transactions per second, dwarfing Ethereum’s current throughput of 15-30 transactions per second. Initially, EOS operated as an Ethereum-based ERC-20 token but subsequently launched its independent mainnet.
One pivotal yet often underestimated factor is the leadership of Dan Larimer, the CTO of Block.One and a blockchain luminary akin to Bill Gates in the crypto sphere. Larimer’s innovative contributions to proof-of-stake and decentralized autonomous organizations (DAOs) have been instrumental. His involvement underscores EOS’s long-term potential and profoundly impacts the asset’s price predictions.
EOS Price Analysis and Price Potential
EOS trades on various cryptocurrency exchanges, including PrimeXBT, under trading pairs like EOS/USD and EOS/BTC. Technical analysis performed on these trading pairs yields diverse insights, as EOS sometimes follows Bitcoin’s movements closely, while at other times, it charts its unique trajectory.
The ICO’s early stages witnessed EOS trading at a price as low as $0.48 per coin, eventually skyrocketing to an all-time high of $22 in April 2018. Subsequently, EOS experienced a downturn due to bearish market conditions and negative sentiment prevalent across the broader crypto market, closely linked to Bitcoin’s performance.
Throughout 2020, EOS demonstrated resilience, rebounding from a low of $2.43 per token to a high of $3.47. In 2021, EOS surged to over $14 per coin but fell short of establishing a new all-time high.
Considering EOS’s total supply, current price levels, and its previous peak of $22.89, it’s evident that EOS holds significant price potential. Moreover, blockchain technology, including EOS, remains nascent and has yet to realize its full potential. As it continues to mature and revolutionize various industries, EOS’s true long-term price potential could exceed previous records.
EOS Technical Analysis and Long Term Price Prediction
In addition to fundamental analysis, which scrutinizes token supply and team expertise, technical analysis plays a pivotal role in predicting EOS price trends and short-term targets.
EOS Price Prediction 2023: It is conceivable that EOS may experience a bear market after approaching the $180 per coin mark, retracing to confirm recent levels and pivot points.
EOS Price Prediction 2024-2025: The years 2024 and 2025 are expected to usher in another bullish phase for EOS and the broader crypto market.
EOS’s Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 26 Sep 2023 | $0.83 | $0.77 | $0.89 |
| 27 Sep 2023 | $0.83 | $0.77 | $0.89 |
| 28 Sep 2023 | $0.84 | $0.78 | $0.9 |
| 29 Sep 2023 | $0.86 | $0.8 | $0.92 |
| 4 Oct 2023 | $0.98 | $0.91 | $1.05 |
| 9 Oct 2023 | $1.04 | $0.96 | $1.11 |
| 19 Oct 2023 | $1.08 | $1.00 | $1.15 |
| November 2023 | $1.11 | $1.03 | $1.19 |
| December 2023 | $1.14 | $1.06 | $1.22 |
Experts and Investors Weigh In On EOS Potential
To corroborate our EOS price analysis and forecasts, we draw upon insights from industry experts and influential investors who have placed their bets on EOS’s future.
Notably, EOS and Block.One have attracted prominent backers, including former Bitmain CEO Jihan Wu and tech luminary Peter Thiel. Jihan Wu lauds the EOSIO protocol for its groundbreaking blockchain innovation, highlighting its potential to meet the demands of consumer applications and drive mainstream blockchain adoption.
Galaxy Digital, a prominent crypto investment firm, has also heavily invested in EOS, with founder Michael Novogratz lauding EOS’s “significant outperformance” relative to other assets in their portfolio. This underlines the optimism surrounding EOS’s future price potential.
Ali Ayyash, CEO and founder of Lumeous, goes even further, stating that EOS is poised to become the dominant smart contract platform, surpassing Ethereum by a factor of ten.
Is EOS a Good Investment?
The decision of whether EOS constitutes a sound investment ultimately rests with individual investors. It hinges on comprehensive evaluation encompassing fundamental analysis, price analysis, and technical analysis. The depth of research and due diligence undertaken directly influences investment choices and portfolio allocations.
Given its potential to disrupt industries and drive innovation, EOS undoubtedly carries significant upside potential. However, the extent of investment should align with investors’ risk tolerance and comfort levels after thorough research and consideration.
