EOS went on the scale on 26th June 2017. It is creating a blockchain in its white paper that can perform millions of transactions per second without any user fees. It is also aimed to enable quick and easy deployment of decentralized applications. It is a blockchain based cryptocurrency that is aimed to develop commercial-scale decentralized applications or dApps.
Current status of EOS
EOS is currently getting traded at USD 4.28 (UTC time 06:24). With a market cap of USD 3,874,461,943 and a circulating supply of 906,245,118 EOS, it is the 4th largest cryptocurrency in the crypto sphere. It is currently running on a bull trend by 5.13%.
Price analysis of EOS
The above chart shows that EOS is currently getting traded at 4.28 USD or 0.00105117 BTC (UTC time 06:30). Its present market cap is worth of 3,875,713,256 USD with 2,772,294,393 USD as its 24h volume. The same chart shows that approx. One month earlier, EOS had a trading value of 3.66 USD. So, within this period, the value of EOS has spiked up by 16.93%. Its earlier price point of $3.81 has provided a good support resistance to its present bull trend.
Future market prediction of EOS
According to Wallet Investor, EOS can be favorable to majority investors for long term investment as in 2023; it can go up to $911. But, they also predicted that by the end of 2019, it could even go down to $0.720. Trading Beasts predicted that by the end of this year, EOS could reach a height of $9.08 and it can also reach a low value of $6.17. They also assumed that by 2020, EOS could touch $10 mark.
It is a fact that due to the highly volatile crypto market, the prices of cryptocurrencies are getting fluctuated these days. EOS has the potential to emerge in the mainstream, and it is already on its way to fulfilling this aim. Recently, EOS has been successful enough to take up the dApp space leaving behind ETH. EOS is now responsible for 13 dApps out of 30 dApps. So, it is assumed that as the market volatility will subside, EOS can reach a high peak.
EOS is a potential cryptocurrency which is performing well enough but, as the market is highly volatile, it’s better for the investors to wait for the right time to splurge on it.