EOS Price Prediction: Will EOS Go Up in 2020?

Selina Mary

Selina Mary

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Jun 20, 2020
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In the world of cryptocurrency, there is no such thing as a constant base, Of Course, there are some extreme changes. Agree?

Cryptocurrencies have taken investors on a roller-coaster ride, receiving cheers from crypto traders and disapprovals from naysayers.

Many crypto traders were all set to move forward, but things have turned out to be very irritable ground across the board.

Let's discover the EOS Price Prediction 2020.

What is EOS?
EOS is known as the cryptocurrency of EOS.IO which is also a blockchain protocol. It is software that sets up a blockchain architecture custom-built to enable horizontal and vertical scaling of decentralized applications. The EOS software provides verification, accounts, databases, asynchronous communication, and the planning of applications across a wide range of CPU cores and/or groups.

Technical Analysis
EOS saw a sudden turn of events back in 2017. It was trading at $1.21 previously, along with the market cap of $54 mln. Because of its unstable nature, it became understandable to all and finally, EOS reached a new peak, in Jan 2018. EOS was trading at $18.16 with a market cap value of $109 mln dollars.

As per EOS price is active, it seems the pressure is moving rapidly. Unluckily, It began a downward circular that saw the price at $4.08 as of March 2018. A few weeks later it reached $21.46. By this time, it reached a market capitalization of $176.6 mln.

EOS Price Prediction 2020
By 2020 EOS might be seen as a serious opponent competing with Ethereum for the final spot. The EOS infrastructure boasts a slightly advanced technology that offers developed transaction speed, but Ethereum has been around for the long run and they are more steady. It can be expected EOS to be worth between $45 and $70.

Price Prediction 5 years
EOS has spent almost eight years on the scene by 2025. This is the estimated age Bitcoin began to enjoy the confused rise to fame, reaching $20,000. Also, it differs in the case of EOS and there is no guarantee that EOS will copy Bitcoin’s result. However, it can be predicted EOS might at least reach $1,000.

Experts Predictions
  1. WalletInvestor: Investing In EOS Will Turn Out To Be A Friendly Deal For The Investors, They Predict That It Might Reach $911by 2023
  2. CoinFan: After A Series Of Months With Constant Gains, Coinfan expects EOS Reaching $47 In December Of This Year.
  3. TradingBeasts: Tradingbeasts.Com Has A Much More Moderate Ways To EOS Price, Putting It At $7 At The End Of The Year Which Still Symbolizes More Than Double Of Its Current Price.
Final words
In general, EOS is a perfect organizer to help developers and engineers to frame decentralized applications. The EOS extensibility and crowd sale make it the most important tokens, as per the market capitalization.
 
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