Price Analysis

EOS (EOS) Price Analysis: EOS Gaining Mainstream and a Favorable Venture for Investors!

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Introduction:

EOS.IO is a blockchain powered by the native currency EOS. The protocol emulates most of the attributes of a real computer including hardware CPU(s) and GPU(s) for processing, local/RAM, hard disk storage with the computing resources distributed equally among EOS currency holders. It operates as a smart contract platform and decentralized operating system which claims to eliminate transaction fees and conduct millions of transactions per second. It also intends at bringing resources of industrial-scale decentralized applications through a decentralized autonomous corporation model.

Highlights:

  • EOS down by to $4.3 but has an escalating trend
  • Facing resistance at $4.4930.
  • EOS price up looking forward to a 5- year investment.

EOS

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Current Statistics:

EOS is trending at position 4 in the crypto market with a market cap of 3,808,477,836 USD. The price (USD) is 4.20 and BTC price observed is 0.0100773 as on 2nd April at 4:37 UTC time. The 24 hour volume is 1,745,360,996 USD with circulating supply of 906,245,118 EOS.

Analysis and Interpretation:

There is a negligible change observed in price (USD) of EOS from last week with the highest price (USD) being 4.26. There was a noticeable peak on 24th February with a price (USD) 4.38. Almost, within a month’s span, today it is 4.10% lower than the peak price. Thus, maintaining a resistance level at $4.40.

Predictions and Conclusion:

Considering some experts and analysts:

According to predictions given by WalletInvestor, in 2023 the price of EOS may reach $911. Though having a bullish trend currently, it is predicted to have oscillating changes in 2019.

Therefore, EOS might evolve as the largest ICO in the Ethereum market network and may experience 60% more than Ethereum’s market capitalization. Finance-Savvy investors are putting in a lot of emphasis on this fastest growing coin according to crowd sale and increasing scalability.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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