Today, we take a look at EOS – a blockchain project for creating decentralized applications managed by Block.one and EOS live price chart in particular. The project entered the information field in 2017. The EOS cryptocurrency is the platform’s internal token.
The team has ambitious plans to become the most powerful and functional platform for working with DApps and surpass Ethereum in popularity. And there are all the prerequisites for this:
- low fees,
Let’s investigate what the EOS current price suggests to us!
EOS price now
First, let’s see how the EOS token price is moving. In 2017, the price of the altcoin fell from $4 to $0.52 but set a new high of $11.39 in December. In April 2018, the price rose even further to $22.89 before dropping to $2.56 by December 31, 2018.
EOS started 2022 at $3 and gradually fell to $1.5 by April 2022. In early July, the EOS coin price chart fell sharply, reaching $0.85. At the time of writing, the EOS USD price is hovering around $0.9.
EOS crypto price outlook
A number of analysts give positive EOS price prediction. Coin Price Forecast claims that the EOS to USD price will be $5.18 by the end of 2022 and $9.04 by the end of 2025.
Wallet Investor considers EOS current price the best market entry point for novice investors, with a target price of $5.65 for the next 12 months and an option to rise to $12.43 over five years.
Digital Coin is sticking with a more bullish EOS price prediction. Analysts believe that by the end of 2022, the EOS price charts could reach $6.04, rise to $7.24 in 2023, to $12.23 by the end of 2025, and to $18.51 by the end of 2028.
The main growth factors of EOS crypto price include:
- innovative technical solutions,
- professionalism of the team,
- support of large financial institutions,
- venture investors.
By itself, the concept and method of project implementation already attract users, which could be seen in the 2022 EOS token price. Ethereum at one time became a real explosion and is still in demand, and EOS is inherently not inferior to ETH.
Why is the EOS to USD price in demand?
EOS live price chart has always enjoyed the interest from investors and traders. It is volatile enough to serve as an effective trading tool in the crypto market and promising enough to count on long-term investment returns.
Nearest EOS coin price chart future
Most likely, the EOS price now will continue to develop sideways. This phase can be called the “failed attempt” of the bulls. Apparently, the EOS price charts are already close to their completion at the current moment.
What else can ruin our hopes is negative EOS coin news. In 2020, an investment fund filed a class-action lawsuit in the US court against Block.one over a $4.1 billion ICO, stating that it was a “scam” and the company allegedly failed to deliver on its decentralization promises. reports CoinDesk.
In June 2021, the EOS coin news stated that the case was settled for $27.5 million.