EOS Price Prediction – How Much Will EOS Be Worth in 2021?

This EOS (EOS) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our EOS price analysis and prediction.

The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. Moreover, EOS continues to be one of the most active protocols in the crypto space. In the past few months, EOS has built strong partnerships and projects in the crypto industry. As a result, the crypto manages to remain one of the cryptocurrency with a market capitalization of over $4.84 billion.

EOS is one of the digital assets that continue to withstand the current market situation. As a result, EOS ranks as one of the top 30 cryptocurrencies in CoinGecko. The EOS technology enables cryptocurrency startups to develop, host, and execute decentralized applications (DApps) using its blockchain technology. Moreover, the DApps within the DeFi space are some of the examples of digital assets that use EOS technology. Currently, there are over 20 DeFi apps that utilize EOS technology.

Now that we already know some of EOS’s achievements in the past months, would EOS be a profitable investment in 2021? Let’s find out in this CoinQuora EOS Price Analysis and Price Prediction 2021. But before that, let us first know what EOS is.

What is EOS?

EOS is a cryptocurrency launched by Dan Larimer in 2018. Its native token EOS was sold to the public through an ICO. As a result, the ICO event successfully raised almost $4 billion in a span of one year.

In terms of technology, EOS allows the creation, hosting, and completion of commercial-scale DApps on its network. Best of all, EOS token holders have the power to allocate or rent their bandwidth to other users who are interested in using it.

The EOS tokens cannot be mined. However, it has a payment system that enables users to transfer funds across borders without transaction fees. It also has the ability to perform and support 100,000 transactions per second. These features of EOS make the network competitive against other cryptocurrencies.

Now that we are familiar with the EOS cryptocurrency, let us head to our EOS market analysis and price prediction.

EOS Current Market Status

As of the time of writing this EOS price analysis, EOS trades at $4.35 with a 24-hour trading volume of $1,390,849,471, according to CoinGecko. The price of EOS has decreased by 10.52% in the last 24 hours.

Furthermore, EOS has a current circulating supply of 971,434,646.13 EOS. Currently, the top cryptocurrency exchanges for EOS are Binance, Huobi Global, OKEx, FTX, and Tokocrypto.

Now, let’s proceed to the next part of this EOS technical analysis for 2021.

EOS Price Analysis 2021

Currently, EOS holds the 28th place on CoinGecko. But will the latest upgrades, developments, and changes in the EOS blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this EOS price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Triangle pattern. This is an important indicator since EOS has been showing bearish over the past month. Consequently, the descending triangle pattern hints that EOS will finally go bearish.

In the foreseeable future, we can say that EOS has a higher chance of going bearish than bullish. As shown above, at the beginning of this month, EOS turned from its bear to bull trend. This is the result of the high trade volume that occurred in that period.

The Relative Strength Index (RSI) is close to 60.32, which means that EOS is neither overbought nor oversold. Hence, traders can trade safely without any fear.

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of EOS.

Since the start of 2021, EOS’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, EOS has a competitive market this 2021.

EOS Price Prediction 2021

The chart below shows that EOS has performed great over the past few days. However, the EOS price has increased by over 25% in the last 7 days. If this trend continues, EOS might run along with the bulls, breaking its $14.96 resistance level and go higher.

Conversely, if the investors turn against the crypto, the bears might take over and pull EOS from its uptrend position. In simpler terms, the price of EOS might decrease to almost $3.78, a bearish signal.

Meanwhile, our long-term EOS price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $22.89 this year. However, that will only happen if it breaks many previous psychological resistances.

EOS Price Prediction 2022

If this bullish trend continues, EOS will reach $35 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $40. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $35 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

EOS Price Prediction 2023

If EOS holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $55, making it not plummet but play consistently.

EOS Price Prediction 2024

If there will be more upgrades and developments in 2024, the EOS price predictions and project forecasts may change. Moreover, these may boost the price of EOS. We can say that the price can still go bullish and spike up to around $75.

EOS Price Prediction 2025

In the next four years, EOS prices could race up to $95. However, reaching this level could not be so difficult for EOS as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that EOS has a high possibility of reaching a new height soon in the next five years as per the prediction.

Conclusion

EOS has a bright future ahead of it in 2021. With the ongoing developments happening within the EOS ecosystem, as well as in the overall crypto market, we may see EOS reach new heights.

Bullish EOS price prediction 2021 is $14.96. As said above, it may even reach $22.89 if investors have decided that EOS is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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