Home / Analysis / Crypto / Price Predictions / EOS Price Prediction 2024: What Leap 6 Upgrade Means For EOS

EOS Price Prediction 2024: What Leap 6 Upgrade Means For EOS

Last Updated February 21, 2024 8:59 AM
Peter Henn
Last Updated February 21, 2024 8:59 AM

Key Takeaways

  • EOS is a long-serving crypto, having been subject to a then-record $4 billion IPO in 2017.
  • Its price has declined over the last two years due to a legal struggle between the blockchain’s managers and its founders.
  • Can EOS get back to where it used to be thanks to Leap 6 upgrade?
  • One price prediction says it may reach $2.04 next year.

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, including the launch of its link to the  

Now, EOS announced  that Leap 6 is set to launch the “groundbreaking” Savanna consensus algorithm, enabling faster finality and creating irreversible consensus transactions over 100 times faster compared to previous releases.

“This significant update goes beyond mere performance enhancement; it represents a comprehensive upgrade of the network. At the heart of this evolution, Savanna will not only accelerate transaction finality but also enhance security, user experience, and decentralization across the EOS ecosystem,” EOS said on its site.

EOS did not immediately respond to a request for comment.

But what is EOS (EOS)? How does EOS work? Let’s see what we can find out, and also take a look at some of the EOS Price Predictions that were being made as of February 21, 2024.

EOS Coin Price Prediction 

With that all out of the way, let’s take a look at some of the EOS price predictions that were being made as of February 21, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong. Also, keep in mind that many longer-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice.

2024 2025 2030
Prediction #1 $0.2610 $1.16 $0
Prediction #2 $1.73 $2.04 $5.86
Prediction #3 $1.28 $1.89 $11.60

First, CoinCodex  said EOS would go down to $0.774483 by February 26 and then drop to $0.687258 by March 20. The site’s technical analysis was neutral, with 23 indicators sending bullish signals and nine making bearish ones.

EOS Forecast for 2024

Regarding other EOS price predictions for 2024, CaptainAltCoin  was also gloomy, saying it would drop to $0.2610 by September and $0.4761 by December. DigitalCoinPrice  was much more optimistic, forecasting EOS to get to $1.73, while PricePrediction.net  thought it would stand at $1.28. 

EOS Forecast for 2025

When it came to making an EOS price prediction for 2025, DigitalCoinPrice was out in the lead again, saying it would reach $2.04, while PricePrediction.net had it coming in at $1.89. CaptainAltCoin, meanwhile, thought it would trade at $1.16 next year.

EOS Forecast for 2030

Moving on to a more long-term EOS price prediction for 2030, PricePrediction.net said that the coin would reach $11.60 while DigitalCoinPrice had it coming in at $5.86. On the other hand, CaptainAltCoin would not have made good reading for EOS’ investors, with it suggesting that the coin would be a worthless deadcoin by the start of the next decade. 

Google Gemini AI Price Prediction for EOS (as of February 21)

Google’s Gemini AI platform gave the following price prediction for EOS on February 21. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Expected price: $3.55
  • Factors to Consider:
    • Overall market sentiment: The general sentiment of the cryptocurrency market can significantly influence individual coin prices.
    • EOS-specific developments: Any major news or updates related to the EOS platform or its technology could impact its price.
    • Regulatory landscape: Changes in regulations surrounding cryptocurrency could affect the price of EOS and other digital assets.

Medium Term (Next 6 months)

  • Expected price: $0.30
  • Factors to Consider:
    • Overall market sentiment: The cryptocurrency market is volatile and can be affected by a variety of factors, such as economic news, regulations, and major events.
    • Adoption and development of the EOS platform: If more developers and users adopt the EOS platform, the price of EOS could increase.
    • Competition from other blockchain platforms: EOS faces competition from other blockchain platforms, such as Ethereum and Cardano. The success of these platforms could affect the price of EOS.

Long Term (Next 5 years)

  • Expected price: $Not Available
  • Factors to Consider:
    • Market volatility: The cryptocurrency market is known for its significant fluctuations, and EOS is no exception. Unexpected events, regulations, or broader market trends can significantly impact its price.
    • EOS development and adoption: The success of EOS hinges on its development roadmap, adoption by developers and businesses, and its ability to address scalability and security concerns.
    • Overall cryptocurrency market: The overall health and performance of the cryptocurrency market will also influence the price of EOS.

EOS Price History

Let’s now take a look at some of 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 some very useful context when it comes to either making or interpreting a EOS price prediction. 

When EOS first came onto the open market in 2018, it was worth about $3. The bubble of late 2017 and early 2018 saw its price rise and, on 29 April 2018 it reached an all-time high of $22.89. 

After that, the price slid down to below $10, where it stayed until the bull market of early 2021. In early May that year, it peaked at above $10, but then dropped and it closed the year at $3.03.

2022 was a bad year for crypto, and EOS did not emerge unscathed. The coin struggled to cope with a string of market crashes and it dropped below the dollar in June. Although it made some recovery later in the summer, the collapse of the FTX exchange was a blow, and it closed the year at $0.8623. 

This meant EOS lost more than 70% of its value in 2022.

EOS in 2023 and 2024

2023 has been another period of losses for EOS. While it initially rose to break past $1.30 in early March and it was still worth more than $1.20 in April, it fell in May. The SEC’s legal actions hit it hard and, on 20 June it fell to a low of $0.6053.

EOS price history
EOS price in 2023 and 2024 | Credit: CoinMarketCap

Since then, it has made something of a recovery and, on 18 July 2023, it was worth about $0.7535. It then ended the year at $0.8549 before going down in early 2024, reaching $0.7909 on February 21, 2024.

At that time, there were 1.12 billion EOS in circulation, representing the total supply. This gave it a market cap of about $884.1 million, making it the 86th largest crypto by that metric.

Is EOS a Good Investment?

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 ructions between the EOS Foundation and Block.one, investors could be forgiven for looking at putting their money somewhere where there is a bit more certainty. 

Although the coin has performed well in recent weeks, that needs to be put against the context it being a crypto that has struggled over the last 18 months or so.

Furthermore, as a coin that has been around for around six years, you could be forgiven for thinking that EOS is now as big as it is ever going to 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.

Will EOS go up or down?

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, too, that prices can, and do, go down as well as up. 

Should I invest in EOS?

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 will also need to make sure that you never invest more money than you can afford to lose.

Advantages and Disadvantages of EOS

Blockchain analytics company Messari recently released their quarterly report on EOS.  In it, they highlighted the success of its recently-launched EVM, and outlined some key advantages and disadvantages of the blockchain.

It found that EOS had

  • An average market cap of $700 million, down from $900 million year-on-year and $1.3 billion quarter-on-quarter.
  • Quarterly revenue of $22,400, down from $53,100 year-on-year and $31,500 quarter-on-quarter.
  • 29,400 average daily addresses, down from 56,500 year-on-year and $35,000 quarter-on-quarter.
  • 900,000 average daily transactions, up from 700,000 year-on-year but down from 1.3 million quarter-on-quarter.

Advantages of EOS

Messari also found that EOS had

  • Good plans in place to help counteract any decline in growth going forward.
  • Seen people return to the system after more than a month away.
  •  A strong level of security.

Disadvantages of EOS

Messari also found that EOS had

  • Suffered as the market took a hit following the SEC’s legal action against Binance and Coinbase.
  • A reduction in new signups over the quarter as the overall EOS ecosystem shrunk, with its overall market position dropping from 42 to 49.
  • A relatively low level of activity on its EVM.

From the Whitepaper

EOS’ whitepaper, in other words its technical documentation, says 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.”

EOS Explained

One of the most important developments in the blockchain’s history is that of decentralized applications (DApps). These programs and platforms are something that helps show that the blockchain isn’t just about cryptocurrency. 

DApps can help people use the strengths of the blockchain to create programs that can 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.

EOS is supported by its eponymous coin.

How EOS Works

The EOS blockchain uses a type of Proof-of-Stake (PoS) consensus mechanism, which means people who hold the EOS coin can add blocks to the blockchain and earn rewards for doing so. 

In late 2021, the management of EOS, led by Yves La Rose, split from Block.one, citing poor management of the blockchain.

Although the platform’s 2017 initial coin offering (ICO) raised a then-record $4 billion, it was not without its controversy, as it received a fine from the SEC in 2019 over a lack of transparency.

As well as helping grow the EOS blockchain, the EOS coin can also be bought, sold, and traded on exchanges.

EOS Attention Tracker

EOS Google search volume
EOS Google search volume | Credit: Google

Here is a chart for the EOS Google search volume for the past 90 days. This represents how many times the term “EOS” has been Googled over the previous 90 days.


How many EOS are there?

As of February 21, 2024, there were 1.12 billion EOS in circulation, representing the total supply.

Will EOS reach $10?

It might do, but not for some time. PricePrediction.net says it will reach that level in 2030, while DigitalCoinPrice things it will probably happen in 2031, and should get there for sure in 2032.

Keep in mind that EOS has not traded at more than $10 for more than two years, with it last reaching double figures in May 2021.

What is EOS used for?

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.


Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Was this Article helpful? Yes No