EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications or ‘dapps.’ It is a powerful player in the crypto world. Ethereum is considered the main competitor to EOS. While Ethereum is far more popular, experts know better than to equate popularity with quality. EOS focuses on speed, scalability, and flexibility – all important things that give it an edge in the eyes of experts.
What’s more, EOS tries to solve the problems of limited availability of resources on the network, false transactions, similar requests, spamming apps, and some more. 700 million tokens are being distributed on an ongoing basis of 2 million per day for 350 days. What does the future hold for those who are full of hope that EOS will increase? Let’s find out about EOS and crypto trading.
The article covers the following subjects:
- What is EOS Crypto?
- EOS Price Predictions for the rest of 2021 by Crypto Experts
- EOSUSD Technical Analysis
- Weekly Elliott wave EOS analysis as of 15.11.2021
- EOS Price Prediction Chart 2022
- EOS Price Prediction for 2023 by Crypto Experts
- Long-Term EOS Price Prediction 2025-2030
- EOS Today and in History: How Has the Price of EOS Changed Over Time?
- EOS Price Prediction FAQ
This article will answer the most frequently asked questions about EOS, cover its history, and show you EOS price predictions from the crypto industry experts, as well as long-term forecasts of the coin. We’ll even perform some technical analysis of the coin and its price fluctuations.
Once you’ve read about the past, present, and future outlook of EOS, hopefully, our article on EOS price prediction will help you make an informed decision on whether it’s worth investing in the coin. Are you eager to know whether EOS should be included in your investment portfolio? Read on to learn about all the important aspects.
What is EOS Crypto?
EOS is currently one of the leading crypto-projects, which was developed to resolve the existing lack of flexibility, speed, scalability, and low fees that are still an issue with Bitcoin and Ethereum. EOS operates on its own smart contract platform for decentralized applications (dApps): the EOS.IO blockchain protocol, designed especially as a solution to outperform regular processing and hardware storage, and much more interesting stuff.
Back in 2017, EOS developers Brendan Blumer and Dan Larimer publicly released their whitepaper, and the first EOS initial coin offering (ICO) launched in June of the same year. It lasted an entire year and raised a whopping $4.1 billion – breaking all ICO records at the time.
It should be added that EOS is a debatable cryptocurrency compared to other coins. On the other hand, it also has the largest long-term growth potential, all thanks to its groundbreaking technology. The EOS blockchain protocol can potentially transform the future of all dApps and computer resources drastically, in case it does refine the internal processes in various industries, as promised by EOS’ developers. If so, the coin’s long-term price will rise rapidly.
EOS Price Predictions for the rest of 2021 by Crypto Experts
Cryptocurrencies are rife with volatility, and EOS is no different. The constant fluctuations make it difficult to predict prices with a high level of accuracy, but these experts have compiled their results based on exhaustive analysis and research. Let’s take a look at their opinions.
Overall, experts from Trading Beasts suppose that EOS will decline during the rest of 2021 compared to the current levels. For the end of December, the value of EOS will be $4.49. The maximum price will move above $5. As for the minimum rate, the EOS may fall below $4 – $3.82.
The price is moving sideways, which is always tricky. However, according to Wallet Investor, EOS will rise steadily. The overall trend for December is optimistic. The month will start at $4.76. On the last day of 2021, EOS will have an average price of $6.57. The maximum price may reach $9.40. As for the minimum rate, the price may decline to $2. The source predicts high volatility in the final month of the year.
The Economy Forecast Agency shows figures that are not altogether optimistic. There will be ups and downs. The price may rise slightly. The highest rate throughout the rest of the year is envisaged as $6.40. The growth is insignificant. The year 2021 will leave us with $5.64. Unlike Wallet Investor, the source doesn’t predict increased volatility.
Coin Price Forecast
According to the Coin Price Forecast, the price of the EOS coin will hit $6.37 by the end of 2021.
EOSUSD Technical Analysis
We’ll do an EOSUSD technical analysis on the monthly chart to examine market trends and identify key levels that may prevent the price from moving further.
As the above EOSUSD chart suggests, there was a dramatic struggle between buyers and sellers in May, resulting in the long-legged Doji formation.
The price then attempted to touch the lowest support level at 1.5 USD but failed to do so in the presence of huge buying volumes. I marked that development in blue on the volume indicator.
Thus, the price may potentially move to the upside from 1.5 USD to at least 8.65 USD.
EOSUSD price prediction for next three months
A local support level at 3 USD can be seen in the EOSUSD weekly price chart. That level may be retested soon as EOS can’t pull away from its current levels despite huge trading volumes. If the EOS price chart breaks successfully through the level of 3 USD, the next price target will be the low of December 2018 at around 1.5 USD.
The MACD and the Stochastic RSI can be used to prioritize this or that eventual scenario.
The EOS weekly time frame shows that both bulls and bears have been active, which usually leads to less intense price movements.
The indicators’ readings allow us to assume that EOS to USD projected growth may be limited:
- The MACD is in the negative zone, but there’s not enough space for a flat or even downside scenario to develop even though the histogram is rounding up and heading to zero. There’s no evident signal of bullish growth.
- The Stochastic RSI is in the oversold area, which puts pressure on sellers.
Thus, the signals of these two indicators contradict one another and indicate the market’s equilibrium disposition. We won’t most likely see any drastic price moves in the EOSUSD, and the pair will continue consolidating in a narrow price range.
Long-Term EOS Analysis for 2021/2022
Thus, we can conclude that the EOS future price will most likely continue developing in a flat range, and the 2019-2020 pattern may become the likeliest one. I can single out three stages here:
- Drastic growth and fall, marked with a red circle in the chart below. This stage can be called “bulls’ failed attempt,” and the market appears to be completing this stage at the moment.
- “Attempt of revenge,” marked with a purple circle — a pullback of “hope” that is successfully neutralized by bears.
- Consolidation (green oval) – an equilibrium stage that can be called “the calm before the storm.” That stage may result in powerful momentum in any direction.
Based on that wave structure, the most realistic forecast, and the latest signals, we will have short consolidation in the near time. A short-term breakout at around 8 USD may occur at the end of the year.
Given the strong support levels, the pattern will most likely be inclined upwards, allowing another powerful impulse to form in 2022-2023.
As our scenario is based on the EOSUSD price history in 2019-2020, the forecast for 2021-2022 will reproduce the past wave structure. However, that doesn’t guarantee that the price moves will be 100% identical.
We will outline EOS expected trading range using Bollinger bands.
Orange squares mark expected price projections for each month. Sellers’ main task in 2021 will be breaking through support at 3 USD. The EOS projected trading range will be 3-5 USD, but short-term breakouts can happen too.
The price is supposed to have reached its lowest by the beginning of 2022, and bulls are then expected to revenge and consolidate on updated support levels.
The table below presents projected minimums and maximums of the EOS trading range for each month.
Long-term trading plan for EOS
Our long-term trading strategy should include a series of EOS to USD trades based on the above technical analysis.
The EOS price chart is currently attempting to break through support at 3 USD. The first buy order should be placed close to that level, at around 3.15-3.30 USD (blue dots in the chart above). Stop Loss should be placed at a safe level of 2.25 – 2.33 USD (red dots). As we aim to trade in the range of 3-4.50 USD, Take Profit should be placed before the upper limit of the range at around 4.30 – 4.40 USD (green dots).
Another trade aims to profit from a breakout of resistance at 4.50 USD. If that level is retested from above, open a long position with a target at 7.50 USD. If the price movement is less strong than expected, average into the position buying at 3.75 USD and fix profits at around 6.40 USD. Stop Loss: below 3 USD. Remember to observe risk management rules and avoid losses exceeding 1% of your deposit per trade.