EOS (EOS) Price Analysis: Has The Race Begun Positively For EOS?
EOS is a decentralized operating system based on blockchain technology with smart contract features. Incepted in 2017, it has been designed to send large scale operations and is supported by EOS.IO protocol. EOS was created to make blockchain scalable for commercial operations. It is a competitor for Ethereum.
As on May 03, 2019 at 13:34:02 UTC, the market price of EOS is 4.86 USD. Price is up by 1.50% from the last closing price. Currently, EOS market cap is around USD 4.57 billion, 24 h volume is at USD 1.95 billion and ROI is 370.21%. EOS is the 6th largest coin in the cryptocurrency market. 52 week High/Low is 18.88 USD and 1.56 USD. As on April 03, 2019 at 13:34:03 UTC, the price was 5.10 USD. The price has seen a downward movement of -4.70% over the past month’s price. EOS suffered in the 2018 bear market. EOS price was around 2.5 USD at the beginning of 2019 but has managed to gather momentum over the past 4 months and the current price is at 4.86 USD.
EOS 2019 Prediction:
Despite being a relatively new digital asset, EOS has successfully taken up the Dapp space since the time of its launch. It raised over $4 billion in its ICO sale and shown enormous growth in a short period. Tech and finance savvy investors are showing a lot of interest in this coin because of its superb block one technology. Its price is expected to rise as a result of this. It has a highly talented development team which believes that EOS has the potential to overtake Ethereum in the near future.
EOS has remarkably come out of the downtrend of 2018. Investors and traders are expected to keep a low key for the short term. According to some analysts, the coin is undervalued. Business Insider predicts that EOS will evolve as the most powerful ICO in the blockchain network. Its scalability, faster speed, low transaction costs, and user-friendly features are making it one of the most happening coins.
Looks like this is the beginning for EOS and there is an opportunity for a bull run in the near future. The coin is expected to reach around 15 USD by 2019 year end. Long-term investors with a 5-year investment plan tend to gain from investment in EOS.