EOS Price Today EOS Coin Price Chart & Crypto Market Cap

The EOS Foundation is led by Yves La Rose, who spearheaded the foundation following his departure from the EOS block production firm EOS Nation. A second resurgence in April 2018 pushed EOS’s price to its all-time high of $22.89. By the end of 2018, the crypto asset had experienced a significant wave of selling as investors lost confidence in the project, leaving EOS down at $2.59.

To avoid inflation, there are caps in place which prevent its supply to go beyond 5% per year. At the moment , EOS’ marketing cap has reached USD 4.6 billion (down from its all-time high of 17 billion USD in early 2018), with 906,245,118 coins in circulation. The more tokens that you end up owning, the more likely you are to be chosen.

What is the Future of EOS? Is EOS a good investment? Will EOS go up?

However, the dApps themselves which are built on the EOSIO blockchain do not require users to pay for the transactions, and EOS is free to transfer throughout all of the dApp users. This metric can be used as a predictive indicator of the asset’s future market capitalization. EOS began raising funds in the summer of 2017 with a year-long initial coin offering that raised a record-breaking $4 billion USD. EOS tokens first began trading at around $1.28, and apart from a brief spike to $5.10 in July 2017, EOS spent its first few months trading below $2.

The blockchain’s delegated proof-of-stake model generates EOS through staking rewards in order to fund transactions and pay block users. The DPoS mechanism has an inflation cap set at 5% of annual inflation. EOS was announced in 2017 by blockchain incubation and investment firm Block.one and was released as an open-source software in June 2018. As outlined in the EOS white paper, the project was created to build decentralized applications with a focus on efficiency and scalability. The EOS price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

Market Cap

That level may be retested soon as EOS can’t pull away from its current levels despite huge trading volumes. If the EOS price chart breaks successfully through the level of 3 USD, the next price target will be the low of December 2018 at around 1.5 USD. According to Wallet Investor, EOS will move in a wide range, with its average price first going up to $6+ and then dropping to below $1.

• EOS experienced a significant fall in December 2018-January 2019.
• Block producers are elected by the EOS ecosystem through this token staking/voting system.
• From July 2019 to January 2020, the performance of EOS wasn’t very lively and joyful.
• The last 100 million were kept by Block.one, as development funding, linearly released for 10 years after the mainnet went live on June 6, 2019.

It was the most highly anticipated blockchain project of all time. The ICO gathered $4 billion, which was a record-breaking amount at the time. Nevertheless, we can be justly assured that EOS will increase in value significantly by the end of 2025. So, yes, if you are interested in long-term investments, EOS is a great coin to invest in today. As we mentioned earlier, however, if you’re not in it for the long run, it would be MATIC a better idea to trade EOS.

Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 24 hours ago. Two days after it was launched, EOS’ price surged 996% to $5.50 before sharply falling 79% over the following 13 days.

The lowest average price for the second half of the year is $1.69, and the average closing price at the end of the year is set at $2.95. We’ll even perform some technical analysis of the coin and its price fluctuations. In addition to the network speed, EOS also acts as the governance token on the EOSIO and EOS Public Network platforms which belong to the same blockchain ecosystem. Token holders are able to submit their proposals regarding the development of the network, vote on proposals, and make direct changes to the EOS ecosystem.

Any use or reliance on our content is solely at your own risk and discretion. It also partnered with Galaxy Digital to deploy capital for future investments through it’s $325 million EOSIO Ecosystem Fund and created a $50 million fund with TOMORROW BLOCKCHAIN OPPORTUNITIES. Currently, the common staking profit is around 1-2% on a yearly basis, which is nothing extraordinary. This profit can additionally be altered, depending on various factors, like the stake pool performance, future network changes, staked amount, rise in EOS popularity and many more. Instead of mining the currency, users have the option to “stake” their coins. This makes the coins temporarily unavailable, but allows the user to receive additional coins, depending on the staked amount.

Today, dPoS has become a popular eos cryptocurrency value algorithm that is being used by other blockchains, including Avalanche , Near , Solana and Polkadot . CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. EOS is one of the most powerful blockchain platforms for decentralised applications. It is similar to the Ethereum platform but faster, more scalable, and allows users to build decentralized applications more efficiently. It’s important to note that current EOS market capitalization is $1,315,298,906, Talking about circulating supply, EOS has 1,081,263,745 coins.

Where can you buy EOS?

The EOSUSD market is forming the global descending linking wave , developing as a double zigzag W-X-Y, with the first two sub-waves W-X completed and the final motive wave Y developing inside. The Y wave should be unfolding as a triple zigzag —-, with sub-waves — completed, and the second linking wave developing inside as a double three –. Let us explore the most recent chart section in the eight-hour timeframe. Based on that wave structure, the most realistic forecast, and the latest signals, we will have short consolidation in the near time. A short-term breakout at around 8 USD may occur at the end of the year.

This wasn’t unique to eos cryptocurrency value – the entire crypto market pumped around that time on the heels of the Bitcoin 2017 bull run. The crash that followed wasn’t unexpected as such a sharp increase would have been very difficult to sustain without some kind of correction. This peak was short-lived, however, and prices fell for the rest of the year – dropping below $2 in December. Due to the design of the blockchain rewards system for the creation of new blocks, EOS is a 3% inflationary coin with no limited max supply.

Market cap is measured by multiplying token price with the circulating supply of EOS tokens (1.1 Billion tokens are tradable on the market today). One of the many new blockchains that have prioritized dapp performance, EOSIO has made design choices to confirm more transactions per second while eliminating user fees for making transactions. The decline can be explained by the dropping value of Bitcoin. As many people know, the rate of Bitcoin affects all cryptocurrencies, including EOS.

https://www.beaxy.com/ is aiming to become a network with the capacity to process millions of transactions in a second, thanks to its use of consensus over events mechanism. Unlike the consensus over state system, the main focus is on transactions, i.e. verifications of the events that take place on the network. Users on the EOS network share their computing resources and have access to them based on their distribution. This is where the EOS coin comes in, as the distribution is handled based on the stake in coin ownership.

Mining EOS coins is not possible due to its use of the delegated proof-of-stake mechanism. The EOS block producers will receive new EOS coins as rewards for the blocks they create. The amount of the coins to be produced will be determined based on the average value of the payment the block producers expect to receive for their work.

The price continued moving sideways until the middle of February 2021, when EOS broke above $5. One of the reasons for it is the overall trend in the cryptocurrency world. The steady uptrend might bring the price to over $8.30 (even reaching $11.84 as the maximum closing price). By the end of the year, EOS might settle at 4.50, which is much lower than its mid-year performance but still higher than what it was in January. At the beginning of 2025, the value of EOS will be $3.70 on average.

• During 2020 while many top cryptocurrencies were making new highs alongside the gains in Bitcoin EOS popped higher only briefly before dropping back near prior levels.
• All these metrics are used for determining active or passive projects despite the artificial hype.
• What distinguishes EOS further is that the blockchain network is designed to be fast, scalable and able to provide transaction capabilities free of any fees while also supporting smart contracts.