Key Takeaways
EOS is a pretty long-standing crypto, having first come onto the open market in 2017. Although it once held the record for the largest IPO, it has not quite become the “Ethereum killer” it was initially touted as.
Indeed, an ongoing legal tussle between the EOSIO blockchain’s operators, the EOS foundation, and its founders, Block.one, has overshadowed any potential accomplishments EOS might have made over the past few years.
Meanwhile, in June 2024, EOS’ reputation took a hit when Tether announced it would stop minting its USDT stablecoin on EOSIO. This led to a series of all-time lows, culminating in a nadir of $0.4015 on Nov. 4.
On Nov 15, 2024, EOS exchanged hands for $0.5755.
Let’s now look at our price predictions for EOS, made on Nov. 15, 2024. We will also examine the EOS price history and discuss what EOS is and does.
Here are the EOS price predictions from CCN on Nov. 15 2024. Price forecasts, especially for something as potentially volatile as crypto, should be taken cautiously.
Minimum EOS Price Prediction | Average EOS Price Prediction | Maximum EOS Price Prediction | |
---|---|---|---|
2024 | $0.45 | $0.79 | $1.82 |
2025 | $0.47 | $0.91 | $2.32 |
2030 | $0.71 | $1.03 | $5.36 |
The price predictions 2024 suggest a recovery phase for EOS, with the minimum price at $0.45 and a potential maximum of $1.82. This range reflects EOS’s ongoing challenges in breaking out of its long-term descending triangle and establishing consistent bullish momentum. A breakout above the $0.84 resistance could lead to significant gains, while failure to do so might result in price stagnation or further declines.
By 2025, the average price prediction of $0.91 reflects moderate optimism, with a potential maximum of $2.32 if EOS manages to overcome key resistance levels. The market could see increased investor interest in EOS as blockchain adoption grows, especially if the EOS ecosystem demonstrates tangible improvements in scalability and use cases. However, the minimum price of $0.47 highlights the risks of prolonged underperformance or market-wide bearish sentiment.
For 2030, the price predictions indicate substantial growth potential, with a maximum price of $5.36 driven by long-term adoption and a favorable macroeconomic environment. EOS may benefit from broader blockchain industry advancements and the resolution of issues like governance and developer engagement. The minimum price of $0.71 suggests that EOS could achieve better stability even in a conservative scenario than its current lows, supported by improved market maturity.
EOS peaked at $23 in April 2018 but has since faced consistent declines, dropping to lows near $2 multiple times before breaking below this level in May 2022. In October 2023, it hit $0.55, its lowest point since 2018, before falling further to an all-time low on Nov. 4.
A breakout above the long-term descending triangle could signal a new bull phase.
Since its November low, EOS has risen by around 40% but faces resistance near the midpoint of its horizontal zone. Near-overbought RSI levels suggest the uptrend may not be sustained. A breakout above $0.84 is crucial for confirming bullish momentum. Alternatively, failure to hold $0.60 could lead to further downside, with long-term bullishness remaining uncertain until a decisive breakout occurs.
The EOS price prediction for the next 24 hours hinges on whether it can sustain its upward movement.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On Nov. 15, 2024, the ATR for EOS was 0.031, a sign of low volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 15, 2024, EOS’s daily RSI was at 67.55, a sign of a bullish trend, close to EOS being overbought.
We examined the EOS price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy EOS.
Time to Buy EOS | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Friday |
Best Week | 51 |
Best Month | April |
Best Quarter | Fourth |
EOS is a smart contracts platform that focuses on high throughput and scalability, so let’s compare it with other similar projects.
Let’s now examine the EOS price history. While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us useful context when making or interpreting an EOS price prediction.
Time Period | EOS Price |
---|---|
Last week (Nov. 8, 2024) | $0.4749 |
Last month (Oct. 15, 2024) | $0.4957 |
Three months ago (Aug. 15, 2024) | $0.5139 |
One year ago (Nov. 8, 2023) | $0.7329 |
Five years ago (Nov. 15, 2019) | $3.47 |
Launch price (July 2, 2017) | $0.9965 |
All-time high (April 29, 2018) | $22.89 |
All-time low (Nov. 4, 2024) | $0.4015 |
The market capitalization, or market cap, is the sum of the total number of EOS in circulation multiplied by its price.
On Nov. 15, 2024, the EOS market cap was $879 million, making it the 85th largest crypto by that metric.
On Nov. 15, 2024, one wallet held nearly 55% of the EOS supply.
On Nov. 15, 2024, the five richest EOS wallet addresses were:
Supply and Distribution | Figures |
---|---|
Total Supply | 2,100,000,000 |
Circulating supply as of Nov. 15, 2024 | 1,527,505,422 (72.73% of the total supply) |
EOS’ technical documentation, or whitepaper , states that the system is designed to be quicker and cheaper than its competitors.
It says: “The resulting technology is a blockchain architecture that may ultimately scale to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment and maintenance of decentralized applications in the context of a governed blockchain.”
One of the most important developments in blockchain history is the development of decentralized applications (DApps). These programs and platforms help show that blockchain isn’t just about cryptocurrency.
DApps can help people use blockchain’s strengths to create programs that work quickly and offer privacy.
The EOSIO blockchain, more commonly known as EOS , is designed with DApps in mind. Founded in 2017 by the Block.one crypto development company, it promises users a quicker, easier, and cheaper way to develop their platforms.
The EOS coin supports the EOSIO blockchain.
The EOS blockchain uses a Proof-of-Stake (PoS) consensus mechanism, meaning that people who hold the EOS coin can add blocks to the blockchain and earn rewards.
In late 2021, Yves La Rose, the manager of EOS, split from Block.one, citing poor blockchain management.
Although the platform’s 2017 initial coin offering (ICO) raised a record $4 billion, it was not without controversy. In 2019, the SEC fined it for a lack of transparency.
In addition to helping grow the EOS blockchain, the EOS coin can also be bought, sold, and traded on exchanges.
It is hard to tell. Although EOS does offer an alternative way to create DApps, the days when it was the hottest, record-breaking, hip young gunslinger on the crypto block are long gone.
With the ongoing legal disputes between the EOS Foundation and Block. One, investors could be forgiven for considering putting their money somewhere where there is a bit more certainty.
Although the coin has risen recently, it’s still not that far off an all-time low.
Furthermore, as a coin that has been around for around six years, you could be forgiven for thinking that EOS has been as big as it will ever get.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in EOS.
No one can really tell right now. While the EOS crypto price predictions are largely positive, barring CaptainAltCoin’s forecast of doom, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in EOS, you will have to do your own research, not only on EOS, but on other related coins and tokens such as Ethereum (ETH) or Solana (SOL). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic
Our price predictions suggest that EOS will not reach $10 soon.
People who hold EOS can use the coin to add blocks to the EOSIO blockchain. It can also be bought, sold, and traded on exchanges.