Bitcoin
BTC$41 830.57

-4.04%

Ethereum
ETH$2 900.30

-5.79%

Tether
USDT$1.000560

0.05%

Cardano
ADA$2.12

-4.44%

Binance Coin
BNB$338.82

-2.63%

XRP
XRP$0.927879

-3.26%

EOS: past, present, and future


#EOS

EOS is one of the coins with the strongest use cases within the crypto industry. It was often considered to be a potential "Ethereum Killer", thanks to its faster and cheaper blockchain, as well as pretty much all capabilities that Ethereum itself has to offer.

However, in terms of Price, EOS pretty much returned to the exact same place where it had started this year. Back in January 2019, the coin's price was at $2.50, and after climbing all the way up to $8.40, it simply kept dropping until it returned to its current $2.50.

Of course, the coin is still one of the largest and most traded altcoins in the industry, with a market cap of $2.4 billion and a daily volume of $1.9 billion. And, considering the fact that it saw a 2% increase over the last 24 hours, it is likely that its volume, price, and market cap will continue to grow, at least for a little while longer.

EOS' past, present, and future


EOS has had a rocky road during the past two and a half years. It started off in July 2017, with a price of $5. Its price then dropped to $0.5, only to surge all the way up to $18 when the great bull run of 2017 took place. After that, EOS dropped once again, hitting the low of $6, only to skyrocket for the second time in 6 months and reach $20.70 per coin.

After this major surge in April/May 2018, it once again started dropping. At first, it seemed like its support at $12 might stop its fall, however, it broke after only a few weeks. Then, it crashed back down to $6, which many believed to be the coin's bottom. When it broke this support as well, it turned into a resistance, and the coin spent several months rather close to it, trying to breach it once more.

Unfortunately, those efforts ended during the second market crash of 2018, which took place in November of the same year. EOS finally hit its real bottom at $2.50.

Then, 2019 arrived, and the coin finally started growing. However, its chart indicates that its growth was not a result of its own efforts, but rather of the market sentiment. It grew only during bull runs, while it managed to keep some level of stability between them. It managed to breach the resistance at $6, and it reached its yearly high at $7.90. Unfortunately, in the second half of 2019, EOS, kept dropping lower and lower, until it finally returned to where it is right now — $2.50.

As for its future, EOS does seem to favor stability when left on its own, which is the course of action it took each time when the market saw a few days or even weeks of peace and quiet. The coin is impressionable, however, and it is not difficult to make it follow the current market trend. But, when the market doesn't react, neither does EOS. In other words, in the future, the coin's movements will likely depend on how the market itself performs.

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: the Picture Gets Clearer
EOS: 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 Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 74.8% 41 $41 830.57 -4.04% -3.12% $787 608 951 535 $30 956 829 833
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 56 $2 900.30 -5.79% -4.28% $341 387 673 705 $16 948 397 599
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000560 0.05% 0.05% $68 581 448 843 $67 387 184 321
4 Cardano (ADA) ADA Cardano predictions 68% 70 $2.12 -4.44% -3.17% $67 752 619 605 $2 735 590 029
5 Binance Coin (BNB) BNB Binance Coin predictions 68% 59 $338.82 -2.63% -8.65% $56 968 565 730 $1 441 932 933
6 XRP (XRP) XRP XRP predictions 75.6% 50 $0.927879 -3.26% -1.97% $43 348 318 686 $2 723 347 351
7 Solana (SOL) SOL Solana predictions 66% 68 $133.61 -8.48% -4.91% $39 737 184 358 $2 505 852 045
8 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000582 0.07% 0.05% $31 278 878 412 $3 206 085 319
9 Polkadot (DOT) DOT Polkadot predictions 68% 68 $27.57 -4.79% -6.28% $27 229 665 528 $1 489 527 276
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 63 $0.200266 -2.61% -6.96% $26 329 699 638 $833 434 793
11 UniSwap (UNI) UNI UniSwap predictions 67.2% 68 $24.01 -1.04% 13.50% $14 682 674 805 $1 173 159 622
12 Avalanche (AVAX) AVAX Avalanche predictions 60.8% 84 $66.00 -7.99% 4.98% $14 539 183 357 $1 047 963 478
13 Terra (LUNA) LUNA Terra predictions 68.8% 61 $35.04 -4.51% 23.72% $14 012 646 384 $1 534 292 582
14 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000446 0.07% 0.02% $13 532 124 274 $4 668 219 259
15 Chainlink (LINK) LINK Chainlink predictions 67.6% 70 $23.36 -3.44% -2.07% $10 627 202 783 $1 044 812 386

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.