- EOS tearing through the bear market with a 24% price increase
- Integration of the decentralized apps supported by the EOS infrastructure
- EOS aiming to gain its place in the crypto market cap
EOS price is going up, and experts predict it may as well hit $20 this year. A while back, EOS used to be the fourth biggest crypto after Ripple, Ethereum and Bitcoin. Now it seems it is headed back to its glory.
The upsurge of EOS is not surprising, considering it has surpassed Litecoin in market cap at the time of writing; increasing from $2.71 up to $3.63.
EOS remains one of the highly valued coin in the crypto space. Its growth is steady and financial experts predict the price will not decline, biut instead will keep going up.
Is the Up-rise of EOS Long-Term or Short-Term
EOS is volatile and making short-term predictions is not easy. There is a big possibility that this crypto will continue doing well. Wallet Investors are positive and view EOS as a significant investment because the coin is projected to hit as high as $911 by 2023.
The coin is under a great team that is financially stable and advanced technologically, which most people in the crypto community assume may be the cause of the upsurge.
Integration of decentralized apps in the platform has allowed the developers to run numerous similar applications on the EOS blockchain. This has somewhat opened doors for more decentralized applications one after another and ultimately attracted investors at a high rate.
2020 up to 2025 Prediction
By 2021, EOS is expected to be the rival of ETH, if it isn’t one already. Crypto and financial experts have predicted that the price of EOS will range from $45 up to $75. This trend is likely to go on and in 2025; EOS is expected to be costing not less than $1000.
This blockchain platform has a superior infrastructure complimented by its great scalability that allows quick and smooth payments. According to the core developers, EOS network has the capacity and ability to handle 50,000 transactions within a second. This attributes to its stability leading to the widespread use of EOS coin.
The price of EOS is still down, but still rising slowly. It may not be doing as great as Bitcoin and ETH but this currency will continue causing ripples in the blockchain industry for long time than XRP if it keeps up this current trend. The price might continue ascending just like the 2019 projections predicted by crypto experts.