Price Analysis

EOS Price Analysis: EOS Now Available in Coinbase May Give More Than 100% Return by the End of 2019

Yesterday’s announcement by Coinbase, a famous American exchange’s consumer platform adding EOS support will boost the EOS price.

EOS is now readily available on Coinbase.com on its Android and iOS apps.

Coinbase, which has millions of customers around the world except England and New York people could increase the momentum of the EOS price.  Already 5th in the list of cryptocurrencies by CoinMarketCap, there are good days in the future for EOS.  Its unique design, similar to ETH as a token for large scale dapps, does not require any fees for sending and receiving them.

After a steep fall from its all-time high of 22.89 on April 29, 2018, it started 2019 with a modest price (USD) 2.60.  From there it was a steady rise for EOS and with yesterday’s announcement it has reached its 3 months high and the peak of 2019 at 8.44 USD.  It is a rise of nearly 225 % for 2019.

The strong resistance of 8 USD, which was traded only in July 2018, has been successfully broken yesterday.

EOS price chart taken from Trading View, at 9:11:11 UTC:

EOS price chart - may 31

Ranking in cryptocurrency list of CoinMarketCap5
Return of Investment (ROI)614.38%
Total Circulation917,153,689 EOS
Market Cap in USD6,769,324,199
Current Price in USD7.378245
Current Price in BTC0.00089415
24 hours trading volume value USD4,910,179,262
25 days price change54.83%

Intraday price movements of EOS:

After a volatile trading yesterday due to the big announcement, today so far seems to be quite a day for EOS.  Opening at 7.34 near its yesterday’s close of 7.37 it went to a low of 7.17 and a high of 7.47 so far for the day until the time of penning down the same, and it is and now trading at the current price of 7.37.  It seems to be trading today in a range of 7 to 7.50 USD.

EOS Price Predictions and Value Comparisons: 

Since the news was discounted yesterday, now EOS will consolidate its price at this level for a few trading sessions. Once if it breaks yesterday’s high, which is also the high of 2019 and a 10th month high it could have a short term bullish trend. Check for the volume and any steep rise will be followed by an increase in price also. Once if it cuts 8.44 it could reach its year’s high of 15.61 USD by 2019.

Conclusion:

2019 has been an incredible year for EOS and if it continues to reach the predicted year high of 15.61 USD by this year-end. It could give a return of more than 100%  without a doubt.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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