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.
- 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 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.