- Bullish EOS price prediction 2021 range is from $9.7 up to $23.09.
- Bearish EOS price prediction for 2021 is $1.21.
- EOS might reach $50 in the near future as per the current bullish trend.
This EOS Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our EOS price analysis and prediction.
The year 2020 has been a challenging year for the world economy due to the pandemic. Despite the market chaos that the world is experiencing, the crypto industry stood still. EOS is one of the digital assets that continue to withstand the current market situation. As a result, EOS ranks as one of the top 25 cryptocurrencies in CoinGecko.
The EOS technology enables cryptocurrency startups to develop, host, and execute decentralized applications (DApps) using its blockchain technology. DApps within the DeFi space are some of the examples of digital assets that use EOS technology. Currently, there are over 20 DeFi apps that utilize EOS technology.
Now that we already have an idea about EOS and its technology, can EOS be a good investment in 2021? Let us find out in this CoinQuora EOS (EOS) price analysis and price prediction 2021. But before we go there, let us first answer the question “What is EOS?”
|Price(At the time of publication)||$ 6.25|
|Market cap||$ 5,579,742,280.0000|
|Circulating Supply||$ 958,133,754.6085|
|Trading Volume||$ 2,733,269,096.0000|
|All time high||$ 22.7100 April 29, 2018|
|All time low||$ 0.5024 October 23, 2017|
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 $6.25 with a 24-hour trading volume of $3,732,386,732. As a result, the price of EOS has decreased by 0.69% in the last 24 hours.
Furthermore, EOS has a current circulating supply of 953,813,248.71 EOS. Currently, the top cryptocurrency exchanges for EOS are Binance, Huobi Global, OKEx, ZG.com, and CoinTiger.
Now, let’s proceed to the next part of this EOS technical analysis for 2021.
EOS Price Analysis
Currently, EOS holds the 23rd 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.
Based on the chart above, the smaller time frame shows the Descending Channel pattern. A Descending Channel is the price changes contained between two lower sloping parallel trendlines. In addition, the lower highs and the lower lows make this price pattern.
As shown above, at the beginning of this month, EOS turned from its bull to bear trend. This happens as the result of the high trade volume that occured in that period.
The Relative Strength Index (RSI) of EOS points at level 50, this means that EOS is at a neutral level. It is neither oversold nor overbought. In this case, traders and investors can confidently trade without worrying about any major price reversal.
Therefore, traders must trade crypto wisely and should not be affected by the market hype. Keeping all this in mind, traders can 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 shows a bullish signal. If this trend continues, EOS might run along with the bulls, breaking its $23 resistance level and go higher.
Conversely, if the investors do not favor crypto, the bears might take over and pull EOS from its uptrend position. In simpler terms, the price of EOS might decrease to almost $1.21, 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 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 $23 As said above, it may even reach 100 if investors have decided that EOS is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Yes, it’s very much possible that EOS might reach $50 in the near future as per the current bullish trend.
Users can obtain EOS coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
EOS is a good investment in 2021. Moreover, EOS has a high possibility of surpassing its current ATH at about $22.89 this year.
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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