EOS allows the developers to build decentralized applications. These can be created in the public atmosphere. Moreover, scalability can be achieved efficiently with the help of this platform. Also, it can support thousands of various commercial decentralized applications. This is the purpose why this platform is getting more and more transactions. Recently, the coin of this platform has been growing consistently as well. This is the reason why investors are enquiring about EOS price predictions for 2018.
EOS Price Prediction
EOS, which is ranked as the fifth largest coin based on market capitalization, is a Blockchain-based network which provides support for decentralized applications and facilitates the conception of Blockchain apps. In addition to this, EOS cryptocurrency has shown enormous potential attracting investors at an unprecedented pace. The platform operates on the delegated proof of stake protocol, and transactions are charge-free. The network can complete 50,000 transactions every second- a quality which provides stability for the coin and will result in widespread use of EOS. The forecast by the end of the calendar year 2018 is around $ 37. Similarly, the five-year forecast is about $ 143. Thus, the total quantum of recognition which can be achieved is pretty huge.
Is EOS a profitable investment option?
EOS can be a profitable investment option. EOS price equal to 5.820 USD at 2018-10-09. If you buy EOS for 100 dollars today, you will get a total of 17.181 EOS. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-10-05 is 35.711 US Dollars. With a 5-year investment, the revenue is expected to be around +510.43%. Your current $100 investment may be up to $610.43 in 2022. EOS price today is $5.820 and have the current supply of 906,245,118 EOS. The market cap value is $5,314,055,558, and the volume is marked as $662,755,107.
Will EOS Survive The Bearish Wave?
The value of EOS is currently bearish against the USD as it has been for the past few days. The support levels are at $4.0, $4.5, $5.0 and holding at $7.0, $6.5 and $6.0. The price of EOS was bearish completely last week dropping from $6.49 to $4.83 on the 5th of September. The fall in cost led EOS to trade in range against the USD and Bitcoin. The good news is that EOS started on a bullish trend this morning and there is the strong probability of an upcoming rise in price.
EOS Partners Up With OracleChain
OracleChain announced that it has entered into a strategic partnership with Beijing Qihoo Technology Co., Ltd. (360). Both parties will operate together to implement supports for blockchain technology and blockchain protection services. In-depth collaboration with the blockchain Oracle Machine service and blockchain applications. OracleChain Technologies will cooperate with 360 and use 360 brains of security to build EOS super node security solutions jointly. The cooperation contents comprise 360 security brains to provide blockchain safety technology to OracleChain and present blockchain security services. OracleChain is currently operating for the EOS block producer node. This cooperation will significantly enhance the strength of the OracleChain in block producer node security.
Future Prediction of EOS
As more and more corporations start using it for decentralized applications, the valuation of this platform will increase significantly. Over a more extended period, this cryptocurrency will grow in tandem with the usability of the platform. Since many of the businesses, companies, and developers are in search of such a decentralized blockchain-based platform, the future looks bright for this coin. Also, owing to the parallel accomplishment, the scalability of the platform is massive. The same developer can run various applications that are comparable to the blockchain-based platform. This, in turn, opens up opportunities for more and more decentralized applications as well.
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