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EOS Price Prediction 2021 – Expert Take And Bullish Technical Outlook

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Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.
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(Updated May 21, 2022) EOS is only beginning its journey. EOS price is separated from other digital currencies, both in technical characteristics and the scale of its goals. This is one of the main reasons it managed to raise $4 billion during the ICO (Initial Coin Offering). The main objective of this platform is to become an enterprise-grade solution for the deployment of decentralized applications. The team behind the project have shown a very responsible approach to its technical documentation, appearance in the media, and overall presence in the crypto industry. 

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Experts’ Opinion On Why EOS Will Rise

EOS is the 8th largest digital currency in terms of market cap and it’s currently trading at $4.49 after a 10% change over the past 24 hours. The coin has become very popular due to its decentralized apps and smart contracts, which have proven to be better than Ethereum’s. Developers of the network state that it’s not affected by the scalability challenges that affect other public coins. 

Let us take a look at why experts think that EOS’s price will rise. 

According to CoinSwitch, 2020 will be a golden year for EOS. The coin is expected to reach $95 by July before declining slowly to the $56 level by the end of the year. Over the next five years, the platform expects the price of EOS to be around the $106 level.

TradingBeasts predicts that the price will grow from the $2 range to around $3.6. The following year the price is expected to continue to rise to the $4.2 level before ending the year at about $6.

According to Business Insider, the EOS platform will continue to evolve and will soon become the most preferred. The publications believe that the coin’s price will surpass $10 soon. 

Additionally, a panel of 10 experts analyzed the performance of 13 leading cryptocurrencies to give their predictions. The panel was extremely bullish about EOS. On average, the panel expects the coin to reach a price close to $18.7, which represents an increase of 727% since January this year. 

According to WalletInvestor, investors should consider EOS as a favorable investment option. The site believes that EOS’ price will reach $911 by 2023. They attributed this positive prediction to the recent developments in EOS platform and increased adoption in different industries. These are significant determinants of cryptocurrency’s success. 

Investopedia also named EOS as one of the most promising digital currencies out of the many that exist today. The site mentioned that EOS offers more scalability compared to other cryptocurrencies and that it is revolutionary as it lacks a mining mechanism to produce coins. The platform also includes a system of complex rules to govern the EOS rewarding process, which makes it more decentralized. Forex broker in Australia are already offering forex and crypto trading. 

Additionally, according to Coinbase, “EOS is a cryptocurrency designed to support large-scale decentralized applications. There are no fees to send or receive EOS.” The platform made this statement after adding support for the EOS cryptocurrency for its retail customers. This positive statement and development show that the coin has a bright future. 

It is worth mentioning that EOS has also launched a new social media network called Voice. This had also a positive impact on the price of the cryptocurrency and it is expected to increase network activity.

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EOS Price in 2020 and 2021

We have seen that EOS has been in an accumulation period for most of 2020. The digital currency was looking very well before the COVID-19 crash. However, the rest of the year was not so good in terms of price action for EOS. 

It is worth taking into consideration that the digital currency was able to surpass $5 per coin in early 2020, something that could have just been the beginning of a bull market for this digital asset. However, things changed later and the coin was not able to recover from the market crash of early 2020. 

Compared to other coins, 2020 pushed EOS lower to a tight range between $2.20 and $3. This was a good period for investors to get access to this virtual currency and increase their exposure to the market.

As we already know, 2021 was a very good year for the entire cryptocurrency market. It was not only possible for Bitcoin and other digital assets to reach new highs, but it helped the whole crypto ecosystem to expand. This came after a year in which governments from all over the world printed large amounts of money. 

EOS has also been in a very good situation. Indeed, the coin surged above $14 and it was a great moment for those investors that accumulated this coin in 2020 to sell their coins. Of course, this is easy to say now that we know how the market evolved. 

After the peak that EOS experience in May 2021, the currency fell and retraced to previous levels (close to $4) and it entered a correction that lasted until today, early 2022. The main question now is to understand how this virtual currency could continue moving forward in the next few years.

EOS Price Prediction TradingView Analysis Updated May 21, 2022

EOSUSDT by MaxsimusTrade on

This EOS analyst shows that the virtual currency has tested the lows of 2020, which is considered a bearish sign for this virtual currency. This happened after breaking below a strong support level at 1.95 USDT per coin and getting closer to 1.05 USDT. Now, the expert says that there is a very important level of 1.05 USDT. 

The expert also shows that there are some other important price levels to look out for. Not only EOS will have to break its previous support levels, but it would also be necessary for it to continue moving higher if it wants to hit 3.86 USDT. This is a key resistance level that investors should look at when analyzing this virtual currency. 

Everything will highly depend on the market direction and whether the coin will start moving higher in the near future.

EOS perhaps the best risk-reward out there? by riopal on

This EOS/USDT expert shows that EOS could drop to 1.36 USDT in the near future if the market turns bearish. This would be one of the most negative short-term predictions for EOS. The analyst says that it was necessary to have a black swan event in March 2020 with the Coronavirus crisis for EOS to reach these lows. 

Now, the expert believes that the target for EOS should be between 2.75 USDT and 3.28 USDT per coin. However, he believes that it would be possible to reach even higher levels depending on FED announcements in the future. Therefore, we should keep an eye on what happens with EOS in order to understand whether EOS would be able to surge in the coming months or not. Another thing to take into account is the entire market and whether it moves higher or lower.

EOS [VIP SIGNAL] by Trader_OMS on

This analyst is showing that EOS could be headed towards a price per coin of 5.66 USDT in the near future. This would happen if EOS is able to break above the current falling wedge that started in mid 2021. This falling wedge has been tested many times in the past, both the upper and lower boundaries. 

There is also a very important support level at 2.15 USDT. This support level should sustain EOS’ price if Bitcoin (BTC) continues to move lower. There is also another support level at 2.40 USDT that is now helping EOS remain stable close to these levels. 

The analyst is also showing three take profit levels that include 3.47 USDT, 4.30 USDT and 5.66 USDT. In order for the market to start moving higher once again, it would be necessary for Bitcoin to start a new bull run.

EOS – Showing intresting trends depending on TA by watchtrend on

EOS is also currently a very interesting digital currency to follow. This analyst shows that there could be some important moves for EOS in the near future. This expert shows that EOS is currently being traded in a parallel channel where the coin has mostly fluctuated between 2.159 USDT and 3.212 USDT per coin over the last months. 

Now, we see that there is also a support/resistance level that has been drawn in the middle of this channel and that has been working as resistance in recent hours. It will be very important for this level to resist. Otherwise, we could see the coin moving towards the lower boundary of the channel in the coming days. 

Understanding what could happen to Bitcoin is also a very important thing. Bitcoin is guiding the market and a move higher will be more than useful for EOS to sustain its level.

#EOS #blockchain #eoshindi #EOSIO by morteza_zargani on

EOS continues to surprise the market with a strong move higher over the last few days and hours. The coin moved from below 2 USDT to over 2.50 USDT in just a few days. Now, we see that the analyst marked two important support levels for EOS. These support levels are currently between 2.04 USDT and 2.09 USDT and also between 2.22 USDT and 2.16 USDT per coin. 

Another thing to take into consideration is that EOS is moving higher towards a very strong resistance region between 2.54 USDT and 2.60 USDT. It would be possible to see EOS moving even higher breaking through the current resistance region, but it might need some time to do so. Now, EOS is being traded close to 2.51 USDT per coin.

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Learn More

Want to learn more about EOS? Read our Beginner’s Guide to EOS here, complete with a history of the project and fundamentals of how the coin provides value.

Interested in investing in EOS? You’ll want to start with our EOS price prediction article —including short-term and long-term outlooks. (Always do your own research and read the site disclaimer)).

The best place to buy EOS is by using Binance. This buying guide lays out each and every step you’ll need to properly do so.