In this guide, we will voice our own and market’s opinion on EOS future while discussing Eos price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Eos.
Now, let’s head into it. Before we delve deep into the Eos price prediction and answer questions if EOS is a good investment or not, why will EOS succeed or fail or why will Eos price rise or drop, let’s quickly throw a glance at what is EOS and its to date history.
EOS was published by software publisher Block.one and development is led by CTO Dan Larimer, who founded Steemit and BitShares. The project competes with other popular smart contract platforms such as Ethereum, NEO and Cardano.
EOS tries to differentiate itself by providing transaction throughput capable of handling thousands of transactions per second without having to pay direct fees, improved usability for all parties involved, and governance for business and chain maintenance. EOS makes use of on-chain governance whereby token holders can vote for the block producers (BPs) as well as various upgrades to the protocol, monetary policy, or constitution.
This constitution includes general rules governing the behavior of the protocol, and every transaction sent must include a hash of it. The goal is to define community values that are not enforceable or incentivized easily.
However, the rules are not enforceable at the protocol level but rather act as a terms-of-service agreement which users must agree to. Dispute settlement is left to the EOS Core Arbitration Forum (ECAF), which is comprised of independent professionals who can deliver binding rulings which BPs then execute.
With time passing by, however, voices about EOS fails and inherent systemic issues are getting louder. In February 2020 one such issue was emphasized by Coinbase that said EOS network is having some issues. On Feb. 20, Coinbase issued a status update stating, “EOS network has degraded performance. Sends and receives might be delayed.”
The exchange posted a tweet two days later, stating that the EOS network was still suffering from degraded performance and that external EOS sends have been temporarily disabled, but buys and sells of EOS within the cryptocurrency exchange were functioning normally. As Cointelegraph reported October 2019, research claimed that EOS could be hit by congestion attacks which could freeze the network. The exploit seemingly allowed an attacker to steal over $110,000 worth of crypto from an EOS gambling application. EOS’ parent firm Block.one claimed that the network was operating normally.
Eos Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
EOS Price Prediction For The Next 90 Days
Below is a tabular overview of how will EOS develop in the short-term (for the next 90 days), according to our prediction model:
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Eos Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
EOS Price Prediction 2025
Our prediction model sees EOS reaching $ 1.37 in 2025.
What will EOS be worth in 5 years?
The price of EOS in 5 years could lie around $ 0, according to CaptainAltcoin’s prediction model.
Eos Price Prediction 2030 – 2040
What EOS will be worth in 2030?
Our forecasting model sees EOS reaching $0 in 2030.
What EOS will be worth in 2040?
Our forecasting model sees EOS reaching $0 in 2040.
Will EOS replace / surpass / overtake Bitcoin?
No, EOS will not replace or overtake BTC.
Can EOS reach $100?
No, our prediction model sees no possibility for EOS to reach $100 in the short or mid-term period.
How high will EOS go?
Our forecasting model sees EOS price crashing and dropping to near 0 in a distanced future.
Is EOS worth buying?
We do not see a bright future for EOS. It is worth buying only as a short-term speculation with a good exit strategy. EOS is not a good long-term hold.
Is EOS a good investment?
EOS is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can EOS make you a millionaire?
No, EOS can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will EOS be worth?
For the short-term future, it could reach $0.3445. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will EOS succeed and go up in price?
EOS has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents EOS to succeed and rise in price for the long-term.
Why will EOS fail?
Weakest point of the whole ecosystem is the team behind the project that is comprised of unreliable people who like to start, but not finish, their projects (like Dan Larimer who already teased his followers with next big idea he plans to develop).
Why EOS will succeed and be huge?
Because the idea behind the project is solid, use case is legit and Block.one has a huge warchest which can be spent to expand and develop the system.
Will EOS recover and go up?
Hard to tell. On its own, very unlikely. As a part of the bitcoin induced, market-wide move – EOS could definitely rise in price and hit local heights of $5 per token.
Will EOS survive?
Probably. It has a moderately passionate community, relatively solid track record since its launch and should crypto regain its spotlight like in 2017, EOS should get a new lifeline and survive this long crypto winter.
Will EOS replace Ethereum?
That is doubtful. Ethereum has a first mover advantage and order of magnitude bigger developers community, which is the backbone of every new ecosystem.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
Eos = Scam
Eos price is collected at zero.