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EOS Price Prediction for 2021, 2022-2025 and Beyond

2021-02-22

2021-02-22

EOS Price Prediction for 2021, 2022-2025 and BeyondJana Kane

Becoming a cryptocurrency investor may be confusing, even for experienced traders, let alone novel ones who are just becoming acquainted with this evolving asset class and Blockchain technology. Just like with regular trading, to master the art of [cryptotrading][1], the most important thing is to have a good understanding of how to predict prices. Everyone’s heard about the big players like Ethereum and Bitcoin. In this article, however, we’ll discuss EOS.

The article covers the following subjects:

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 go about some technical analysis of the coin and its price fluctuations.

After reading about the past, present, and future outlook of [EOS][2], hopefully, our article on EOS price prediction will help you formulate a confident 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 Apps 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 Today and in History

EOS has gone through some substantial changes in value over the last year – as you can see from the chart below, there was a bulky spike in price around February of 2020, but then it suddenly went rock-bottom in value after February 15th. Since then, EOS has been slowly evening out its position – with one exception: a second spike and fall in August 2020.

Source: Coinmarketcap

Throughout 2020, EOS reached an all-time high value of $5.36 per token, whereas its worst point this year was $1.86 per token. This gave traders an excellent long opportunity as we are coming out of two years of drawdown and a bearish market.

Based on Liteforex’s studies of EOS, along with the analysis of expert opinions, this cryptocurrency asset is showing definite signs of being on the threshold of a major collapse. In early September, a lot of assets plummeted across the crypto trading market. While ETH and BTC already made substantial progress towards undoing their downtrend, EOS has yet to recover.

EOS hasn’t been able to extend its bullish achievement greater than $3 since [September’s drop][3]. EOS bulls seem to be tired by the recurrent rebuffs caused by the 50 SMA. Besides, a downward triangle appears to suggest that the EOS value may be headed towards $1.75. This descending triangle pattern was formed in 2018 – so it’s in the process of being done and done.

EOS Price Predictions for 2021 by Crypto Experts

What’s interesting to note is that, despite the downward triangle pattern, various prominent experts have different opinions about the predicted price of EOS. Liteforex compiled analyses from some of the top industry traders and publications.

Brave New Coin

In a [video][4] posted on November 14th, 2020, the Blockchain and Crypto Asset Market Data company notes that breaking away from the current consolidation is crucial for EOS,  because it could give the market players some confidence that the EOS will go higher. Currently, the sentiment is more bearish than bullish.

A strong zone of resistance rests at $3.70 and $4.80-$5.90 with an equally strong support level at $2.40-$2.92. Yearly pivot levels reflect resistance at $4.50 and $6.75. This means it’s unlikely to grow higher in the near future.

Satis Group

In 2018, expert forecasters at [Satis Group][5] confirmed that Ethereum is one of the few ventures that will be able to remain viable in the smart contract niche. However, the Satis Group [forecasted a negative result for EOS][6], with a bull’s eye price of $3.6 USD in 2021.

Margin Buu

Respected Trading View user, [Margin Buu][7], predicted that EOS would [recoil][8] to around $2.6 and be led across the $2.8 mark in the near future. Every day EOS stays above 2.60, it builds a more bullish case. We had a long sideway period, and that usually ends in a new uptrend if the market conditions are right.

Mati Greenspan

[Mati Greenspan][9], a market analyst, believes that EOS is a thrilling project and is one of the quickest-growing ecosystems in the industry of crypto assets. [In a 2019 interview with Cryptoglobe][10], Mati indicated that the total amount of developer activity for EOS is more than any other form of crypto, obviously excluding ETH. However, when asked whether he was more bearish or bullish, Greenspan commented that he had reduced the share of EOS in his portfolio.

While experts are of different opinions on EOS, Liteforex is in favor of the ones who take the downward triangle into account. It is exceedingly hopeful to assume EOS is going to reach $100-$1000 in a couple of years. Consequently, is it a good idea to buy EOS in 2020? It depends: are you going for a long-term or a short-term strategy? If you’re going short- term, you’d be better off purchasing cryptocurrencies that have sufficiently recovered from September’s drop – like the good old BTC or ETH, for example. Yet, if you are ready to hodl your EOS for a few years to come, then, yes, now would be a great time to buy.

Technical Analysis

You can dive into the depths of technical analysis for a very long time, but there are many traders who prefer to do with only the most minimal set of simple tools, consisting of just a few indicators and trend lines. There is nothing wrong with that.

For example, take a look at this EOS/USD Chart from December 4th, 2020. It looks absolutely amazing for EOS, as it actually broke the descending triangle we spoke about earlier (confirmed), which means EOS should now be ready for a pushup. And the indicators look bullish – it looks like one more day for the RSI to close above 50, based on TradingView.

Source: TradingView

Also, check out this great technical analysis tool from TradingView. You can insert any options that are relevant to you, and it will instantly give you a prediction/ EOS price forecast and recommendation. The screenshot below shows the platform’s predictions, oscillators, and moving averages for EOS as per December 5th and the previous week. Another reason it’s a good time to buy now!

Source: TradingView

Weekly Elliott wave EOS analysis as of 22.02.2021

The daily EOSUSD price chart displays the bearish corrective wave B, which is an element of the large upward zigzag. Wave B is unfolding as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. There is unfolding the final leg of the second linking wave [X], which is a double zigzag (W)-(X)-(Y). Let’s study its final section in the eight-hour timeframe.

The (W) wave is a zigzag, the linking wave (X) is a double zigzag, wave (Y), like the motive wave (W), is also a simple zigzag, which is still unfolding. Within wave (Y), there have completed the impulse wave A and the corrective wave B. Four out of five legs have completed in the impulse wave C. Therefore, the EOS price should be rising in the sub- wave [5] to a level of 5.83. After reaching this mark, the market could turn down and start forming a new downtrend.

Weekly [EOSUSD][2] trading plan:

Buy 4.99, TP 5.83

EOS Price Prediction Chart 2022

EOS doesn’t have a lot of history to analyze its price for reiterating patterns; still, the asymmetrical triangle this asset has been trading within for its complete lifespan was led by a prevailing growth. After a true battle breakout signaling the culmination of a bear market, EOS could experience another extremely powerful upward EOS trend, getting closer to prices near $15 per EOS in 2022 (or even in late 2021).

Long Term EOS Price Prediction 2023-2026

Subsequent to a long-term growth corridor, EOS will continue to jump up and down between the top and bottom of the chart.

According to Digitalcoin, EOS should [reach $5.24 by the end of 2020][11], $6.56 by the end of 2021 (once again, both [EOS forecasts][2] are similar), $7.74 for 2022, $9.35 for 2023, $10.69 for 2024, and $11.86 for 2025. They’ve even made long-term predictions at $13.08 for 2026, but this is too far in the future to confidently forecast. Ultimately, in the not-so-distant future during 2023, 2024, 2025, and beyond, the coin could reach estimates as high as $500 per token.

EOS: A Viable Long-Term Investment?

Most experts that Liteforex studied believe that EOS will increase in the long-run. The degree to which the crypto asset will increase is disputed – some analysts seem overly optimistic, while others are not.

Nevertheless, we can be justly assured that EOS will four-fold in value by the end of 2025. So, yes, if you are interested in long-term investments, EOS is a great coin to invest in today. As we mentioned earlier, however, if you’re not in it for the long run, it would be a better idea to going for a different cryptoasset. Again, all long-term forecasts are very approximate and can be influenced by news, political and economic regulations, and other factors.

How Has the Price of EOS Changed Over Time?

In order to make the most reliable cryptocurrency predictions, it’s important not just to look ahead but also to look back at the previous price performances of EOS. Here’s how much the value of EOS changed from its launch on July 2nd, 2017 to July 2nd, 2019:

And here’s what some of the leading experts anticipate EOS prices being between today and the end of 2021.

Month

|

Rate Forecast

|

MIN Rate

|

MAX Rate

|

Changes, %

—|—|—|—|—

November 2020

|

4.03

|

3.68

|

4.32

|

14.83

December 2020

|

5.41

|

4.97

|

5.71

|

12.97

January 2021

|

5.40

|

5.11

|

5.83

|

12.36

February 2021

|

5.39

|

5.07

|

5.71

|

11.21

March 2021

|

5.77

|

5.56

|

6.05

|

8.1

April 2021

|

5.59

|

5.15

|

6.09

|

15.44

May 2021

|

5.25

|

4.91

|

5.71

|

14.02

June 2021

|

5.41

|

5.10

|

5.83

|

12.53

July 2021

|

5.35

|

5.04

|

5.80

|

13.11

August 2021

|

5.62

|

5.22

|

5.90

|

11.53

September 2021

|

5.18

|

4.71

|

5.60

|

15.90

October 2021

|

6.66

|

6.42

|

6.81

|

5.73

November 2021

|

6.46

|

6.23

|

6.96

|

10.49

December 2021

|

6.32

|

6.22

|

6.64

|

6.33

How high will EOS go after? We can only assume.

What is the Future of EOS? Is EOS a good investment?

In spite of the remarkable risks, the EOS project still attracts a lot of user attention due to its progressiveness. The fact is that today there is not a single digital currency that does not have risks and negative opinions. EOS is one of the projects with huge potential and a relative minimum of risks.

There are already quite a few users who are considering the EOS system as a direction for long-term investment. There are also specialists involved in the analysis of rates and the execution of transactions online. The cryptocurrency is quite capable of generating tangible income, which attracts users.

EOS is a complex platform that implements the technical capabilities of blockchain technology. This makes it possible to call the project not just a cryptocurrency but also a detailed financial structure at the same time.

Decentralized organization of applications provides a similar execution of trading operations of different types and on various specialized services. Many functions open up a wide range of opportunities for users to develop their own projects and form long-term investment plans.

Summing up the analysis of the [EOS][2] cryptocurrency project, it can be argued that the platform is a complex and promising investment option. The crypto is quite interesting and multifunctional, although one cannot expect to receive huge profits. EOS is a relatively new project and is undergoing an overall assessment, which translates into uncertain value growth. It can be assumed that if the development team continues to develop the system in a given direction and reaches at least part of the stated goals, then the value of the coin will increase significantly.

There is no need to wait for this in the near future, but there are definitely prospects. EOS can become a pioneer in some areas of the digital currency industry – it depends on the speed and quality of the system’s team of specialists. On Liteforex, you can register a (demo) account and be up to date about all the latest crypto news and forecasts. Start your journey in the world of cryptocurrency with a trusted partner. Trading just got easier. Buy, Sell, Manage, and Trade with Liteforex.

Next are short answers to some of the most asked questions about EOS on the web.

Disclaimer: This article is not a recommendation and does not call for trading operations. The cryptocurrency market is highly volatile. While price analysis is a useful tool, it should not be considered a reliable forecast of the future performance of any investment vehicle.

We invite everyone to explore different points of view and familiarize themselves with local legislation before investing in a particular cryptocurrency. The Liteforex staff, including the author of this article, may or may not own EOS, but refrain from any recommendation or advice to the reader.

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Price chart of EOSUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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  1. my.liteforex.com/?type=crypto
  2. my.liteforex.com/trading/chart?symbol=EOSUSD
  3. www.fxstreet.com/cryptocurrencies/news/eos-technical-analysis-eos-on-the-verge-of-a-massive-breakdown-202009180942
  4. www.youtube.com/watch?v=n9XyOFJssCI
  5. satisgroup.io/
  6. research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A
  7. www.tradingview.com/u/Marginbuu/
  8. www.tradingview.com/chart/EOSUSD/zpwCHTo6-EOS-making-ready-for-jump/
  9. www.linkedin.com/in/matisyahu/?originalSubdomain=il
  10. www.cryptoglobe.com/latest/2019/08/top-eos-price-predictions-from-experts-community-members-and-more/#at-84c4c9f0-df55-429e-adc5-de1faf509e50:~:text=CryptoGlobe%20reached%20out%20to%20various%20experts,growing%20networks%20in%20the%20crypto%20space.%E2%80%9D
  11. digitalcoinprice.com/forecast/eos
  12. my.liteforex.com/trading/?category=analysts-opinions&slug=eos-price-prediction&type=currency