Tue. Oct 20th, 2020
eos price prediction

In the cryptocurrency territory, there is no such thing as permanent ground, and of course, there is a rollercoaster ride. Cryptocurrencies have taken investors on a roller-coaster ride, receiving cheers from crypto traders and criticism from naysayers. Many crypto traders appeared ready to move ahead, but things have proved to be very crabby. The EOS price is a reasonable instance of this bearish trend, as it is quickly losing ground across the board.

Don’t fall into the tangle. Surveying the value of cryptocurrencies before financing is obviously a good idea. Let’s peel the layers of EOS price prediction. Discover where the EOS coin Price is heading in 2019.

What Is EOS?

EOS is a native cryptocurrency of EOS.IO which is a blockchain protocol. It is software that establishes a blockchain architecture customized to enable horizontal and vertical scaling of decentralized applications. The EOS software offers authentication, accounts, databases, asynchronous communication, and the scheduling of applications across a wide range of CPU cores and/or clusters.

EOS Price Today

EOS takes the top position on the list of first wave gainers today. The top cryptocurrency has gained around 10% since yesterday and further upside seems possible.

EOS maintains a good market sentiment with about 85% of traders voting for a bull market in the short-term. EOS is in gains in all timeframes except for the yearly and hourly where it has lost 27.5% and 0.9% respectively. In the last month, EOS, however, gained 30.0%. EOS is currently trading at $3.08 as its market capitalization soars to $2.9 billion.

EOS Technical Analysis

Back in 2017 EOS saw a sudden turn of events. Previously, it was trading at $1.21 with a market capitalization of $54 million. Henceforth, its unstable nature became noticeable to all and eventually, in Jan 2018, EOS reached a new peak. It was changing hands at $18.16 with a market cap value of $109 mln dollars. EOS maintains a good market sentiment with about 85% of traders voting for a bull market in the short-term. EOS is in gains in all timeframes except for the yearly and hourly where it has lost 27.5% and 0.9% respectively. In the last month, EOS, however, gained 30.0%. EOS is currently trading at $3.08 as its market capitalization soars to $2.9 billion.

EOS Technical Analysis

Back in 2017 EOS saw a sudden turn of events. Previously, it was trading at $1.21 with a market capitalization of $54 million. Henceforth, its unstable nature became noticeable to all and eventually, in Jan 2018, EOS reached a new peak. It was changing hands at $18.16 with a market cap value of $109 mln dollars.

EOS Prediction

Overall, EOS is a perfect enabler to help developers and engineers to build decentralized applications. Coinpedia Predicts EOS can reach $15 by 2019. The EOS scalability and crowd sale make it the most significant tokens, as per the market capitalization.

EOS Recent Updates (EOS News)

1. AdNode Partners With EOS

EOSIO makes it feasible for EOS VC grant recipient AdNode to assist agencies with the problem of wasteful spending and extortion in the multibillion dollar global digital ad space. By automating the reconciliation procedure for digital advertising, AdNode enhances the dynamic of how ad buyers and sellers cooperate.

2.Scaling Decentralized Applicationswith LiquidApps

LiquidApps hopes to change the future of blockchain scalability, collaboration, and interoperability. Their integration with EOSIO ensures that developers can now approach a whole suite of important services that are crucial for building scalable dApps. From substantial decentralized storage to robust oracles, and even LiquidChains – a blockchain-as-a-service solution that allows anyone to easily spin up a customizable EOSIO chain.  On April 21, 2020, the EOS development team released EOSIO v2.0.5. Updates in this release include security, stability, and other changes.

Read Full Newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *