EOS (EOS) Predictions: Will EOS Cross The Resistance Level of $5 Once Again?

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EOS is developed by Dan Larrimer, the man behind the creation of Bitshares and Steem. EOS, a decentralized blockchain based platform is designed to commercialize the use of blockchain technology and increase its adoption by major business houses. EOS is fully advanced, and with some of its innovative features, it is speculated to take on Ethereum very soon. EOS uses dPOS (delegated proof-of-stake) consensus mechanism allowing token holders a right to vote & elect block producers. For better speed and performance, the system uses WASM virtual machine. The team is exploring sectors with highest potential including gaming, fintech, logistics, and healthcare to come up with new products customized to the demands of each industry. One of its products, Everipedia, is a next-generation encyclopedia and has already become the largest in the world with over 6 million articles.

Current Statistics:

EOS Price Chart (25.03.2019 - 23.04.2019)With a market cap of USD 5,024,100,734 and ROI of 416.14% as on April 23, 2019, at 11:54:03 UTC, EOS is ranked 5th in the top 100 cryptocurrencies by the CoinMarketCap. The circulating supply currently is 942,794,223 EOS, and the total supply is 1,042,794,227 EOS. The price of the coin has reached USD 5.33 & 0.00096428 BTC. The 24h volume is recorded at $2,216,840,433 USD.

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Comparison:

The upward trend of 46% is seen in the past month. On March 25, 2019 at 06:04:02 UTC, the market cap of EOS was recorded at 3,309,720,346 USD, the price was trading at 3.65 USD & 0.00091227 BTC and 24 h volume was 1,450,637,114 USD. The price peaked at USD 5.97 in the past 30 days, and the lowest was recorded at 3.63USD. The past 7 days have shown a considerable surge with the highest price of the coin being 5.62 USD & the lowest being 5.06 USD.

Prediction:

The speculations and interest in EOS have been growing with each passing day. Features like scalability to a million plus transactions per second, user-friendly technology, easy adoption & deployment of the application are adding up to the rising demand and popularity quotient. The price of the crypto is expected to reach over USD 15 by the end of 2019 and can rise up to 50 USD by 2022. If some investors and market analysts are to be believed, the coin has the potential to beat its immediate competitor, Ethereum. Its Block one technology is the talk of the town among technology leaders and decision makers & being betted upon to accentuate the growth of the coin further. The partnership with Tapatalk powering its Gold Point reward system is a big leap towards monetizing engagement. The coin is also in the radar of Wanchain to enable interaction with other blockchain communities. This is the best time to invest in the currency in bulk before the prices soar higher. Huge returns can be expected in the next five years as the future looks extremely bright for this crypto.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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