EOS Price Analysis: Complete Ignorance Regarding EOS’ Prices Can Be A Futile Idea

eToro

So far, its five-year forecast is concerned, many are assuming that EOS can have a value of $145. So, the total quantum appreciation is high indeed. The reason behind assuming so is pretty simple. EOZ recently is doing pretty well. Moreover, due to its scalability, it is a lot easier for companies to use its platform for making various applications. On the basis of parallel execution, it is becoming easier for the companies to run multiple decentralized applications. This is automatically reducing the need for more IT infrastructure in the companies. Stunned with this factor, many enterprise level clients are continuously getting added into its community. As majority of companies are looking for a platform like EOS, it has a great probability to spike up in the future successfully.

Current status:

eToro Crypto
  • Current price: 6.25 USD
  • Market cap: 5,703,840,666 USD
  • Market rank: 5
  • Circulating supply: 912,493,812 EOS

Price analysis and future price predictions:

EOS

The above chart shows that at present, EOS is getting traded at 6.20 USD or 0.00078411 BTC (UTC time 09:00). Its current 24h volume is worth of 2,343,964,697 USD. The same chart shows that approx. 1 month earlier, EOS had a trading value of 4.83 USD with a market cap of 4,554,966,741 USD. So, within this duration, the value of EOS has spiked up by 28.36% with 5.95 USD as a good support resistance.

On the basis of the above price predictions and current facets, we think that EOS can trade around 15USD by the end of 2019.

Conclusion:

It’s better to remain vigilant regarding its prices so that a great opportunity to invest in this cannot be missed.

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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