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EOS Price Prediction 2022-2031: Is EOS a good investment?

eos price

EOS, a crypto token formed by the company to promote their decentralized app creation, ranks #47, a little lower on the charts, thanks to its slightly lower market cap of $3,365,472,360. Lately, it has resumed its upward projectile with renewed activities and is viewed by some analysts as a “ticking time bomb.” The similarities between the XRP fractal from 2015 to 2017 and EOS‘s current chart are mind-blowing. 

Today’s EOS price is $1.19 with a 24-hour trading volume of $146,026,774. EOS is up 0.58% in the last 24 hours. The current CoinMarketCap ranking is #45, with a live market cap of $1,196,950,283. It has a circulating supply of 1,002,316,065 EOS coins and the max. supply is not available.

Let’s find out more about EOS, and its offering, explore EOS developments, EOS price predictions, average trading price, EOS price analysis, and determine whether it deserves a place in your investment portfolio.

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What is EOS?

EOS is one of the best-known cryptocurrencies today that allows building decentralized apps (DApps) simple and scalable. EOS cryptocurrency was developed by a company called Block.one.

Founded by software programmer Daniel Larimer and entrepreneur Brendan Blumer, who still hold the roles of CTO and CEO, the company began to work on the project in 2017.

In June 2018, the EOS officially went live after a year-long Initial Coin Offering (ICO). The ICO raised more than $4 billion, despite the prohibition on participation from U.S. investors. To this day, the ICO is one of the largest token sales, while the EOS blockchain continues to be one of the largest cryptocurrencies by market capitalization and trading volume.

How Does EOS Work?

EOS uses its own proof of stake EOSIO blockchain that processes transactions quickly, scalable, and secure way. The EOSIO 2.2.0-rc1 includes three new features: Read-only Queries, Private Chain Access, and Resource Payer.

Initially, EOS used ERC-20 tokens to distribute the coins raised in the ICO, which helped ease the ICO process as the ERC-20 token was frequently used to raise an ICO.

Later, all of the ERC-20 tokens were converted to native EOISO blockchain tokens, allowing token holders to finally transact and operate on the network.

Block producers on the EOS network are chosen in a delegated-proof-of-stake mechanism (DPoS), which requires EOS token holders to lock in their coins for more than three days.

The DPoS mechanism allows for a lower entry threshold, which results in more decentralization, less power used, and more scalability for the network.

Existing EOS partners

Recently, Google announced that it has partnered with Block.one, to become a block producer for the network. It is one of the largest partnerships in the cryptocurrency ecosystem to date and will likely further increase EOS’s popularity.

Another great partnership for EOS and its developer, Block, was recently made with investor LACChain, an Inter-American Development Bank initiative to promote blockchain use and crypto market development across Latin America and the Caribbean.

A similar partnership was made in Asia in 2018, as a $200 million joint venture fund – EOS Global was created together with local blockchain technology entrepreneurs Michael Cao and Winnie Liu.

Recently, Wyoming became the first country worldwide to give official status to an EOS-based DAO or decentralized autonomous organization. The DAO named American CryptoFED features two tokens, Ducat, and Locke, with a cap of 10 trillion tokens.

Projects Built on EOS

  • Eosfinex is a non-custodial trading platform that allows to trade using the security of an EOS non-custodial wallet.
  • EOSDT is a decentralized stablecoin, just like the well-known USDT. It is available on several large exchanges such as HitBTC, Bancor, and Changelly.
  • Defibox combines the blockchain with DeFi protocols allowing to Swap and Lend by using their native stablecoin – BOX
  • Upland is a virtual property trading game that runs on the EOS blockchain. It currently has more than 35 thousand users with more than $500 thousand worth of transaction volume.
  • American CryptoFed DAO is the world’s first payment structure to issue a digital asset whose value is noninflationary.

New Developments In The EOS Network

Dotgems — a famous NFT studio and creative agency — collaborated with EOS to introduce the EOS ecosystem map NFT series. The essence of the collaboration is to present the NFT series, thereby commemorating all current active EOS projects as the $EOS coin claims its independence.

The EOS Network Foundation (ENF) announced the release of the Antelope Leap 3.1 consensus update. The Foundation announced that this latest update would sever ties with Block.one and Bullish.

EOS Technical Analysis

Screenshot 2022 10 04 at 8.48.09 AM

The EOS coin is currently below its 50-day and 100-day Moving Averages. In the past 24 hours, the coin’s price has increased by 2.01%. EOS reached its highest price on Apr 29, 2018, when it was trading at its all-time high of $ 22.83. The lowest price since its ATH was $ 0.821944 (cycle low). The highest EOS price since the last cycle low was $ 1.875620 (cycle high). Its nearest resistance zone is $1.366 and then $1.472. At the same time, its nearest support zone is at $1.103.

EOS Price Prediction By Cryptopolitan 2022-2031

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Screenshot 2022 10 04 at 10.58.32 AM

EOS Price Prediction 2022

According to our EOS price prediction 2022, EOS is expected to have a maximum price of $1.38. The coin is expected to attain an average price of $1.35, with a minimum price of $1.30. With new developments in the EOS ecosystem, the coin might increase slightly towards the end of the year.

EOS Price Prediction 2023

Our EOS price prediction 2023 is a maximum of $1.38. We expect the coin to trade at a minimum price of $1.30 and an average price of $1.35. If the EOS ecosystem partners with more crypto companies and networks, we are expected to see positive growth in the EOS coin.

EOS Price Prediction 2024

According to our EOS price prediction 2024, we expect EOS to have a maximum price of $3.29. We expect a minimum price of $2.80, with an average price of $2.87. Once developments and partnerships in the EOS ecosystem mature, EOS can be a good investment in 2024.

EOS Price Prediction 2025

According to our EOS price prediction 2025, we predict the EOS coin will have a maximum price of $4.78. We expect the coin to have a minimum price of $3.94, with an average price of $4.06.

EOS Price Prediction 2026

Our EOS price prediction 2026 is a maximum of $6.77. We expect the coin to have a minimum price of $5.79, with an average trading price of $5.95. EOS may surge higher if the market conditions are favorable in 2026.

EOS Price Prediction 2027

According to our EOS price prediction 2027, we expect the EOS coin to have a maximum price of $9.83. We also predict that the coin will have a minimum price of $8.35. The average trading price of the coin is expected to be $8.65.

EOS Price Prediction 2028

Our EOS price prediction 2028 is a maximum of $14.21. We expect EOS to trade at a minimum price $11.65, with an average price of $12.09.

EOS Price Prediction 2029

According to our EOS price prediction 2029, EOS will have a maximum price of $20.38. The minimum price of the coin is expected to be $16.91, with an average price of $17.39. Again, EOS might surge higher if the team behind it brings innovation that will benefit the crypto space.

EOS Price Prediction 2030

According to our EOS price prediction 2030, EOS will have a maximum price of $29.47. We expect the minimum price of the coin to be $24.09, with an average price of $24.79.

EOS Price Prediction 2031

According to our EOS price prediction 2031, EOS will have a maximum price of $41.77. We expect the coin to trade at a minimum price of $36.57, with an average price of $37.81.

EOS Price Prediction By Wallet Investor

Wallet Investor predicts that EOS is a bad long-term investment. They foresee the coin will devalue in one year and worth $0.316. Wallet Investor predicts that EOS will devalue by 95.58% in five years.

Trading Beasts

Trading Beasts forecasts EOS to be a good investment. Their forecasted EOS price is a maximum and minimum price of $1.94 and $1.32, with an average trading price of $1.55 by the end of the year 2022.

By 2023, Trading Beasts expects the EOS coin to have a maximum price of $1.70 and a minimum price of $1.16. The average trading price of the coin is expected to be $1.36.

Trading Beasts predicts that EOS will have a maximum price of $2.35 and an average trading price of $1.88 by 2024. The minimum price of the coin by then is expected to be $1.60.

EOS is predicted to have a maximum price of $2.91, with a minimum price of $1.97 by 2025. The average trading price of the coin by then is expected to be $2.33.

Digital Coin Price

 Digital Coin Price’s long-term EOS forecast is bullish. They expect the coin to have a maximum price of $1.45 with a minimum price of $1.02 by 2022. The average trading price of the coin by then is expected to be $1.25.

By 2023, Digital Coin Price predicts that EOS will have a maximum and minimum price of $2.84 and $2.53. The average trading price of the coin is expected to be $2.68.

Also, their EOS prediction says that EOS will have a maximum and a minimum price of $6.21 and $5.64 by 2027. The average trading price of the coin is expected to be $5.82.

Digital Coin Price predicts that EOS will have a maximum and minimum price of $16.84 and $16.37 by 2030. By 2031 Polkadot is expected to reach a maximum and a minimum price of $22.75 and $22.33.

EOS Price Prediction By Industry Experts

Popular crypto influencer @Crypto 4Light is bullish and believes EOS future price will surpass its all-time high of $22.83. He also believes that now is the best time to buy EOS tokens.

YouTube video

Conclusion

The EOS project still attracts lots of user attention because of the project behind it. The fact today is that there is no cryptocurrency with any risks. EOS is one of those projects with huge potential and relative minimum risk.

Summing up the EOS coin price prediction, we are bullish on this cryptocurrency. Even though this coin has stayed stable over the last few years, there were times when it fell below 90%, erasing most of the gains of early investors.

EOS may seem like a solid investment. Although the EOS price forecast here varies, we predict it will keep rising. So, if you believe in EOS and want to invest in it, it is better to conduct thorough research before investing in it. Ensure you invest money you can afford to lose.

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FAQs

Will EOS reach $100?

The EOS future price is expected to reach a minimum of $1.64 in 2022. With an average selling price of $1.70, the EOS price may reach a maximum of $1.92.Therefore, to reach the forecasted EOS price of $100, today's price would have to increase by more than 50 times. This would mean that the total market cap of EOS has to reach over $101 billion.

What is Block.one?

Block.one is a private company registered in the Cayman Islands that develops the EOSIO platform that runs EOS tokens. Established in 2017 by Brendan Blumer, the CEO, and Daniel Larimer (CTO), it will be one of the largest companies in the cryptocurrency ecosystem. Trouble started when the EOS Network Foundation (ENF), the ‘rebels’, claimed Block.one was no longer acting in the network’s best interests. Then, the top 25 EOS block producers elected to stop issuing 67 million (around $214m [£157m]) EOS vesting tokens scheduled to be unlocked and distributed to Block.one over the next seven or so years.

Where can you buy EOS?

Since EOS is one of the best-known cryptocurrencies today, trading of the coin is available on most of the largest crypto exchanges such as Coinbase, Binance, and Huobi. EOS might not be available on smaller exchanges or ones that are more strictly regulated.

How do I store EOS?

As with popular cryptocurrencies, EOS can be stored on popular hardware wallets such as Ledger Nano S and Trezor. Several options are also available for software/desktop wallets, such as Jaxx, Exodus, Atomic wallet, and Infinito

How do I mine EOS?

EOS uses Delegated Proof of Stake (DPoS) consensus mechanism, which requires no mining. Therefore, if you want to help maintain the blockchain, you have to stake your EOS tokens. From there, you select the network validators by using your staked coin votes and get rewarded in proportion to your staked coins.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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