Reports show that crypto markets have been recovering daily losses. As of press time Binance Coin and Nem are trading in the green, while EOS is getting seriously hammered. The downward trade movement hitting crypto markets has carried on today as top digital assets slid further back before managing to start recovery. EOS has maintained its spot in the latest ranking of public blockchain projects published by the Chinese government. For the consecutive three months, EOS has kept its number one place in the technology index. EOS is steadily but certainly attracting dApps (decentralized Applications) that were initially on the Ethereum platform, and even changing the thoughts of many that were planning to expand on ETH.
What is EOS?
EOS is crypto and operating system architecture which enables easy scaling of decentralized apps (dApps), leading to a sturdy blockchain with characteristics like fast transaction times and a lack of transaction charges. EOS bills itself as an “Asynchronous Smart Contract Platform,” which indicates not only substantial use of smart contracts but also that its public ledger agreement system is immensely different from that of conventional blockchains, which require a network participant to download the whole blockchain of a coin to operate as an active node.
Similar to XRP, EOS.IO can compute millions of transactions per second, which is in complete contrast to ETH’s 20 TPS and BTC’s 3-4. The block one platform enables 50,000 transactions every second purchasing the smart contracts. EOS raised 4 billion dollars from its year-long ICO.
Market Prediction for EOS
With the market being so subtle, predicting the value of the cryptocurrencies is one of the most challenging tasks. Let’s consider the publications and personalities, and their statement concerning the EOS price prediction, which will give us a fairer idea:
According to WalletInvestor, funding in EOS will turn out to be a favorable venture for the investors, if they are ready to spend $100 for five years, where the expected revenue will reach roughly to around 811%. In 2023, it might reach $911.
#2 Business Insider
Business Insider foretells that EOS is going to emerge as the most formidable ICO in the Ethereum interface. The EOS crowd sale and scalability makes it one of the five most significant tokens, as per the market capitalization.
EOS Coin Price Experiences Falling Value, Yet Transaction Count Continues To Increase
While the crypto market at large appears to be going through a rocky patch right now, it has just come to light that the EOS network has been able to facilitate a daily transaction record of 47,582,321 tx’s within 24 hours. In extension to this, as per data available on Blocktivity, for the same period, the EOS network has also been able to achieve a maximum TPS (transactions per second) rate of 3,996. As a result of this high level of network activity, many naysayers are claiming that these transactions could have either been inflated as a result of spam transmissions or other artificial means— to give the EOS project an aura of superiority.
Network Load Does Not Translate To Rising Coin Value
Even with EOS’s network capacity being pushed to its grip, it is worth thinking that the value of its native cryptocurrency has fallen by more than 15% over the previous week or so. To be even more complicated, EOS has been one of the greatest losers among the top-10 altcoins over the past month or so.
EOS price prediction
EOS is an ideal enabler to assist developers and engineers to create decentralized applications. Tech-savvy and finance-savvy investors are placing in a lot of importance on this coin because of its excellent block one technology which is promoting it progress up the ladder at a quicker pace. If there’s one crypto, which is getting most of the hopeful prediction, EOS is the one. EOS can reach $11 by the close of the year.
EOS price prediction in 5 years
EOS price prediction implies that the EOS value is up for a long-term 1444.88% in the price value of EOS with a 5-year investment. This indicates that in the year 2023, the EOS Price is projected to reach at $106.77.
Over the coming years, this crypto will increase its usability index plus its recognition all over the world. As it operates on decentralized blockchain platforms, it’s becoming widespread among developers, who in turn will try and investigate other platforms working in this technology.
Over a more extended period, this crypto will grow in tandem with the usability of the platform. Since many of the enterprises, organizations, and developers are looking for such a decentralized blockchain-based platform, the future seems bright. Also, owing to the same execution, the scalability of the platform is massive. The same developer can run multiple applications that are similar to the blockchain-based platform. This, indeed, opens up doors for more and more decentralized apps as well.
Keeping all of these factors in mind, it would appear like an excellent approach to invest in this crypto for some investors in the future. On a single ear basis as well as a five-year basis, it will undoubtedly become more convenient for investors to generate a significant amount of revenue by funding in EOS.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.