Last week, EOS came to the limelight again, trending after the co-founder of Ethereum made a tweet about it. Vitalik Buterin sarcastically praised EOS as “Ethereum on Steroids.”
Buterin said the EOS core team learned from “Ethereum’s naivety and idealist” to build a highly scalable blockchain project. The tweet reignited attention to the EOS blockchain and its native cryptocurrency, which seem to have lost traction over the years.
The Eos blockchain was created by Block.one. The token uses its own proof of stake Eos blockchain, which processes transactions quickly, scalable, and securely.
Block producers on the Eos blockchain are chosen in a delegated-proof-of-stake mechanism (DPoS). The DPoS mechanism allows for a lower entry threshold, which results in more decentralization and scalability.
EOS is currently the 47-largest cryptocurrency in the market. The token trades around $0.98, with a market capitalization of $975,816,482. There are approximately 994 million EOS tokens in circulation.
The long-term price prediction for EOS cryptocurrency by Wallet Investor is bearish. The site predicts a one-year price point of $0.98 and does not expect a significant rebound.
DigitalCoinPrice predicts that the price of EOS will reach about $2.41 in 2025 and as high as $5.76 by 2030. In the short term, the site predicts that the coin might reach $1.65 by July 2022.
CoinPriceForecast forecasts the price of EOS will trade at a $1.11 minimum price in 2022. The website even predicts an EOS price of $2.45 by the end of the year, marking a 96 percent gain over the current trading price.
2022 EOS is expected to reach a minimum of $1.64 in 2022, $1.70 on average, and a maximum price of $1.92. 2025 EOS is predicted to cross an average price level of $5.28 in 2025, with a minimum price value of $5.09. The maximum price can be $6.18. 2030 EOS is expected to reach a minimum of $34.17, $35.17 on average, and a maximum of $41.52 in 2030.
A $100 EOS seems far-fetched. EOS is expected to reach a minimum of $1.64 in 2022. To reach the forecasted EOS price of $100, the EOS price today would have to increase by more than 50 times. This would mean that the total market cap of EOS has to reach over $101 billion.
EOS uses Delegated Proof of Stake (DPoS) consensus mechanism, which requires no mining. Therefore, if you want to help maintain the blockchain, you have to stake your EOS tokens.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.