Bitcoin
BTC$48 706.73

-9.26%

Ethereum
ETH$4 059.61

-3.80%

Binance Coin
BNB$562.06

-5.77%

Tether
USDT$0.999843

-0.04%

Solana
SOL$200.85

-6.55%

Cardano
ADA$1.41

-10.52%

EOS appears to be doing rather well


September 2019

EOS (EOS) is one of the largest cryptocurrencies in the crypto market, currently ranking as 7th on the list of largest coins. It has a market cap of $3.7 billion at the time of writing, while its daily trading volume sits at $1.7 billion. At the moment, the coin's price sits at $4.05, after seeing a 3.21% surge in the last 24 hours. EOS is also performing excellently against Bitcoin, with its price being at 0.00040092 BTC, after a 4.29% growth in the last day.

Obviously, EOS appears to be doing rather well right now, which makes it one of the few coins that do. Many other cryptos are not handling the shifting market that well, but this project — currently also the main candidate for the title of 'Ethereum Killer' — manages to keep its own.

EOS so far


EOS has been through a lot in the last two years since its launch. In days after its launch, its price rose to around $5, only to suddenly drop barely above $0 in mid-September and early October of 2017. After that, it started surging with the rest of the market, eventually hitting the all-time high of $23. An interesting detail about it is that this happened in April 2018 — when most coins have already lost at least half of their value, after hitting the ATH in December 2017 or January 2018.

EOS, on the other hand, performed better since it was approaching the launch of its blockchain, which served as a development platform for dApps and smart contracts, like that of Ethereum. However, EOS also started dropping sharply after hitting this level, and by the time 2019 had arrived — its price was quite low, sitting at $2.50.

The coin performed pretty well in 2019, however, at least as far as the first part of the year is concerned. It started growing before most other cryptos, all the way back in February. Bitcoin, for comparison, did not start seeing surges until April 1st. EOS made use of every surge in the entire series that happened during this time, eventually climbing nearly half-way towards its previous ATH. It hit its peak in 2019 so far on June 1st, when it reached $8.45.

After that, it went into a series of drops which took it back down to $3.22 by late August. However, the coin's largest support — sitting at $3 — softened its drop, and EOS kept slowly rising throughout September, which led it to the current levels. It now faces a large resistance level at $4.50, but the fact that it managed to breach another resistance at $4 does seem encouraging.

What awaits EOS in the future?


As always, it is impossible to tell what any coin might face in the future with any certainty. However, EOS has shown that it has the will to grow, that it offers a competent platform, and that it has a strong community. Its daily trading volume is well above $1 billion, and it has taken every opportunity to surge, which is more than can be said even for Ethereum itself.

Performance-wise, EOS is not unlike Bitcoin. Bitcoin still performed better, as its price went more than half-way towards its own ATH, while EOS did not even reach 50% of its highest value. But, it surged enough to show that it has the potential to go back up, and potentially even reach higher levels, meaning that it can go back to where it was before, given the opportunity.

Author: Ali Raza for Crypto-Rating.com

Related

EOS Retains the Bearish Outlook
EOS Retains the Bearish Outlook
EOS Gets Back to Square One: Consolidation Ahead?
EOS Gets Back to Square One: Consolidation Ahead?
EOS: The Late Arrival At the Bullish Party
EOS: The Late Arrival At the Bullish Party
EOS (EOS) Still Clings to the Multi-Week Resistance
EOS (EOS) Still Clings to the Multi-Week Resistance
EOS (EOS) Is Hopelessly Bearish
EOS (EOS) Is Hopelessly Bearish
EOS in April 2020: the Picture Gets Clearer
EOS in April 2020: the Picture Gets Clearer
EOS Tanking Along With the Global Economy
EOS Tanking Along With the Global Economy
EOS Could Lead the Way to Altseason
EOS Could Lead the Way to Altseason
EOS: The plummeting popularity
EOS: The plummeting popularity

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.2% 50 $48 706.73 -9.26% -10.81% $920 132 432 479 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.4% 33 $4 059.61 -3.80% -0.61% $481 495 723 238 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 82% 32 $562.06 -5.77% -6.99% $93 752 606 143 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94% 1 $0.999843 -0.04% -0.10% $74 146 017 092 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 62 $200.85 -6.55% 3.29% $61 387 860 524 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 64.8% 72 $1.41 -10.52% -9.18% $46 958 385 031 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $0.999385 -0.03% -0.05% $39 796 534 169 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 65.6% 70 $0.834001 -10.39% -11.92% $39 404 303 399 XRP 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62.8% 76 $29.08 -14.58% -17.21% $28 721 201 555 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 66.8% 65 $71.05 5.47% 63.77% $27 565 404 822 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 74 $0.175319 -12.61% -14.55% $23 209 784 837 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 64.8% 73 $90.70 -14.60% -19.51% $22 013 847 272 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.8% 73 $0.000037 -9.62% -5.62% $20 243 352 002 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 57.6% 86 $0.595382 -5.97% -25.47% $15 041 152 356 CRO 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999915 0.09% -0.01% $13 732 244 013 BUSD 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.