EOS Price Prediction – Will EOS Price Hit $10 in 2022?

This EOS (EOS) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our EOS price analysis and prediction.

The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. Moreover, EOS continues to be one of the most active protocols in the crypto space. In the past few months, EOS has built strong partnerships and projects in the crypto industry. As a result, the crypto manages to remain one of the cryptocurrencies with a market capitalization of over $1.097 billion.

EOS is one of the digital assets that continue to withstand the current market situation. As a result, EOS ranks as one of the top 50 cryptocurrencies in CoinGecko. The EOS technology enables cryptocurrency startups to develop, host, and execute decentralized applications (DApps) using its blockchain technology. Moreover, the DApps within the DeFi space are some of the examples of digital assets that use EOS technology. Currently, there are over 20 DeFi apps that utilize EOS technology.

Now that we already know some of EOS’s achievements in the past months, would EOS be a profitable investment in 2022? Let’s find out in this CoinQuora EOS Price Analysis and Price Prediction. But before that, let us first know what EOS is.

What is EOS (EOS)?

EOS is a cryptocurrency launched by Dan Larimer in 2018. Its native token EOS was sold to the public through an ICO. As a result, the ICO event successfully raised almost $4 billion in a span of one year.

In terms of technology, EOS allows the creation, hosting, and completion of commercial-scale DApps on its network. Best of all, EOS token holders have the power to allocate or rent their bandwidth to other users who are interested in using it.

The EOS tokens cannot be mined. However, it has a payment system that enables users to transfer funds across borders without transaction fees. It also has the ability to perform and support 100,000 transactions per second. These features of EOS make the network competitive against other cryptocurrencies.

Now that we are familiar with the EOS cryptocurrency, let us head to our EOS market analysis and price prediction.

EOS (EOS) Current Market Status

As of the time of writing this EOS price analysis, EOS trades at $1.11 with a 24-hour trading volume of $225,298,233, according to CoinMarketCap. The price of EOS has increased by 0.86% in the last 24 hours.

Furthermore, EOS has a current circulating supply of 995,503,888.44 EOS. Currently, the top cryptocurrency exchanges for EOS are Binance, Huobi Global, OKEx, FTX, and Tokocrypto.

Now, let’s proceed to the next part of this EOS technical analysis for 2022.

EOS (EOS) Price Analysis 2022

Currently, EOS holds 46th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the EOS blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this EOS price prediction article.

EOS/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for EOS/USDT, we can deduce that the price of EOS might get bullish in some days since the price is almost breaking out at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

EOS/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 54.70.  This shows that EOS is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

EOS/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlesticks, the price of the coin might continue to increase.

EOS (EOS) Price Prediction 2022

The chart below shows that EOS has performed great over the past few days. However, the EOS price has increased by over 3.0% in the last 7 days. If this trend continues, EOS might run along with the bulls, breaking its $1.262 resistance1 level and going higher to $5.418 at resistance8, the bullish signal for 2022.

EOS/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and pull EOS from its uptrend position. In simpler terms, the price of EOS might decrease to almost $0.783, a bearish signal.

Meanwhile, our long-term EOS price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $22.89 this year. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, EOS will reach $5.418 by the end of 2022. Moreover, in July 2022, EOS is going to show fast growth, up to $1.262. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

EOS (EOS) Price Prediction 2023

If EOS holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $30, making it not plummet but play consistently.

EOS (EOS) Price Prediction 2024

As per the latest upgrades, developments, EOS price prediction, and new project forecasts of the platform, EOS investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of EOS in the crypto market, and it will be the best investment as the price can spike and reach around $70.

EOS (EOS) Price Prediction 2025

In the next three years, EOS prices could race up to $100. However, reaching this level could not be so difficult for EOS as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that EOS has a high possibility of reaching a new height soon in the next three years as per the prediction.

EOS (EOS) Price Prediction 2026

As per the latest upgrades, developments, EOS price prediction, and new project forecasts of the platform, EOS investors could expect many partnerships and integrations around 2026. Moreover, this might boost the price of EOS in the crypto market, and it will be the best investment as the price can spike and reach around $200.

EOS (EOS) Price Prediction 2027

In the next five years, EOS prices could race up to $350. However, reaching this level could not be so difficult for EOS as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that EOS has a high possibility of reaching a new height soon in the next five years as per the prediction.

EOS (EOS) Price Prediction 2028

As per the latest upgrades, developments, EOS price prediction, and new project forecasts of the platform, EOS investors could expect many partnerships and integrations around 2028. Moreover, this might boost the price of EOS in the crypto market, and it will be the best investment as the price can spike and reach around $500.

EOS (EOS) Price Prediction 2029

In the next seven years, EOS prices could race up to $750. However, reaching this level could not be so difficult for EOS as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that EOS has a high possibility of reaching a new height soon in the next seven years as per the prediction.

EOS (EOS) Price Prediction 2030

As per the latest upgrades, developments, EOS price prediction, and new project forecasts of the platform, EOS investors could expect many partnerships and integrations around 2030. Moreover, this might boost the price of EOS in the crypto market, and it will be the best investment as the price can spike and reach around $900.

Conclusion

EOS has a bright future ahead of it in 2022 to 2030. With the ongoing developments happening within the EOS ecosystem, as well as in the overall crypto market, we may see EOS reach new heights. Price actions at the key levels should be monitored as well so as to ensure that investment is safe for short-term investors.

Bullish EOS price prediction 2022 is $5.418. As said above, it may even reach $10 if investors have decided that EOS is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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