What is EOS?
The EOS project is a blockchain technology built by Block.one, a startup company based in the Cayman Islands. It has broken onto the blockchain scene with much fanfare and success since its mainnet launch in June of 2018. The EOSIO software can support vertical-less applications, delegated proof of stake consensus, and the creation of dApps (decentralized apps).
In addition, it provides a platform for developers to produce decentralized applications using smart contract functionality and decentralized application hosting – making it a powerful all-in-one online solution for developers looking to create their own custom blockchain solutions.
Advantages of investing in EOS?
EOS is only one of the hundreds of cryptocurrencies or digital assets available to trade. Although, it has a large community that has already helped it achieve huge success. It is also the fastest growing cryptocurrency in terms of the number of transactions processed per day, managing heights of 25,000 at one point in 2018 while other coins struggled to break 1,000.
This is because EOS can process thousands of transactions per second (TPS) while most blockchains have difficulty exceeding just tens. The EOS network’s throughput allows for instantaneous transactions and its architecture can easily handle high loads. This leads to a higher transaction volume and more secure network for many users on the platform.
The EOS price rose 23.8% in March 2022
The EOS price today is trading around $2.8. This can fluctuate by several percent a day. The price of EOS has recovered to back over $2.1 trillion since December 2021. The EOS coin price is based on supply and demand. As the network becomes more active, you can expect the value of one EOS to rise accordingly. Before investing in any cryptocurrency, it’s important that you understand how these digital assets are valued. So, to put it in even simpler terms, when EOS is being used more frequently, the value of an individual unit rises.
When compared with other cryptocurrencies like Ethereum and Ripple, EOS has a significantly higher price per coin. However, Ripple has a much higher market capitalization (the total value of all coins in circulation).
What are experts predicting about EOS?
Average EOS predictions show that this digital asset could be worth twice as much by the end of 2022. Some experts predict it could rise above $40 by the end of Q2 and others claim this coin will be worth around $80 by Christmas 2019. It’s hard to say which one of these predictions will become a reality, but there are a few things we can expect in the coming months.
For starters, the team behind EOS is working hard on getting new exchanges to list their token. Moreover, they have already reached agreements with Bithumb and Huobi. The partnership between these exchanges means that EOS is on the verge of being added to a couple of more reputable exchange markets in Asia. If you want to get your hands on this digital asset, you’re advised to check out Binance and Huobi; both are available in many countries such as South Korea and Japan.
Some industry experts are expecting that price for EOS could top $100 by June but it might be better to wait until mid-2019 when the coin hits $50. There were a few accounts which claimed that by December 2018, the coin would reach $500. However, that prediction looks unlikely at this point in time.
What is the future of EOS?
If you’re looking for a high-growth cryptocurrency, then EOS may be the right choice for you. The EOSIO software and its dApps provide four major functions: account creation, authentication of identity, hosting of decentralized applications (dApps), and sharing/storing data. These are all in-development. However, they already have a great deal of interest from investors looking to get in early on what could be the next big thing. Though some skeptics do circulate around this currency because the only way to make transactions with it is by using their digital wallet, which isn’t all that user friendly.