EOS.IO is a decentralized platform that provides fast and free transactions processing. It trades $1.4 billion per day, ranks in the Top 50 Coins list, and appears in all major exchanges.
Not bad for a $5 coin. Let’s see what it is all about so that we can understand the future that awaits this asset and give EOS coin price prediction.
The platform is used for building business dApps. You don’t have to spend EOS tokens but hold them to be able to use all of the system’s resources and create decentralized apps.
A bit like Ethereum 2.0, but instead of thousands of transactions per second, EOS reaches up to a million. If you’re wondering how this software can outperform ETH (the most adopted by developers), the answer is in the protocol.
EOS uses the Delegated Proof of Stake (dPoS) model. Unlike traditional Proof Of Work (Bitcoin PoW), dPoS doesn’t waste processing power on crypto mining. This improves speed both on the network and transactions (3-second block time vs 10s on ETH).
Fast, free, environment-friendly. Then, why hasn’t the EOS price surged yet?
Factors That Influence EOS Price
It’s been over a year since the crypto bull run started. It seems everything went up by 300–500%, even Bitcoin. All except EOS, but why?
Even with intrinsic value, it’s not getting the same attention as the main competitors (Ethereum, Cardano, PolkaDot, Avalanche, Solana). There are about 3,000 dApps on Ethereum, while EOS has around 300.
More trading volume (along with better software) will bring more companies to EOS.IO. At the same time, more dApps will bring more EOS traders. So it’s a matter of time until the project gains adoption.
On the other hand, the price seems to maintain over $4 regardless of the events. Because EOS uses dPoS, it incentivizes users to hold their tokens. Most of the trading volume comes from purchases.
Now, EOS can plummet if any external factor interferes:
- Bitcoin’s price patterns
- Global economy events
- Crypto-regulation news
EOS’s Price History
Since November 2020, EOS has gone from $2.50 to $5.20. While it’s not a bad ROI, it’s not nearly as high as other projects (like Bitcoin). Except for the 2017 crypto boom and 2021’s crypto crash, it has always stayed around $2.5.
Not very attractive for new traders. Unless you look at the project’s fundamentals.
While most of this year’s spikes happened due to Bitcoin, April was different. EOS announced that by the end of 2021, they’d be launching their coin on a new exchange: bullish.com (not live yet).
Just from the notice, EOS surged to $14.37, the (yearly) all-time high so far. Mind that it’s been 3 years since the actual ATH ($21.54), and the project hasn’t stopped evolving ever since.
If EOS has somehow stayed relevant in the Top 50 list for so long, what can we expect this 2021/2022?
EOS Price Prediction 2021
Historically, EOS has seen minor price increases at the end of every year. The surge would start in December, reach the top around February, and revert from there. It’s the usual pattern for all Bitcoin-correlated coins.
But unlike Ethereum and other coins, we haven’t heard much about the project since it launched in 2018. The EOS team has been working behind the scenes for years.
And this 2021, we might start hearing the first announcements, starting with the Bullish exchange. Whether it’s a launch date or a software update, the coin has a lot of room to grow from $5 to $20.
Future Price of EOS in 2022
2022 will be a decisive year for EOS if the bull run continues. With all this build-up, any minor announcement could trigger a surge. And if the project gets good timing from bitcoin and external events, you might see a new all-time high by late February. $10 still looks conservative for this asset.
Possible growth factors:
- EOS has a strong market price floor. Even though it spikes up sometimes, you never see it fall below ~$2.50 (which might point to a parabolic trend).
- EOS has minimal volatility. The price rarely changes, except for occasional rallies.
- EOS hasn’t seen its all-time high in years, yet the project has never stopped improving. Its trading volume and user base have gradually increased.
What to watch out for:
- More successful smart-contract projects may take away attention from EOS.
- EOS adoption won’t happen overnight. Even though it might reach a higher floor price, any positive trend will likely revert (especially when selling the news).
Will EOS Go Up or Down?
Given the price stability, upcoming updates, and its market cap, EOS has no reason to trade under $5,00. While the fundamental analysis points to a price surge, any external event could delay the rally.
WalletInvestor is pretty confident that the price will reach $14 in five years, and Coin Price Forecast is even more positive — they believe it will cost almost $20 in 5 years! So, long-term, EOS holders will be pleasantly surprised. When EOS goes up, it’s often when people least expect it.