Ana Sullivan

EOS Token Price for 2018 – Will It Rise Above $20 Mark?

by Ana Sullivan June 8, 2018

The EOS token has recently announced that their developer portal is now live. The token has attracted a lot of investors and as we predicted back in April, it’s price rose not only to the $10 level but well passed it. 

 

And even though the EOS token is one of the most popular tokens out there with a large community, it does make experts scratch their heads on whether or not the token with 24 hour volumes of over a billion U.S. dollars will further rise in price.

 

EOS Token Right Now

 

At this moment, the value of EOS tokens has slightly increase for the past 24 hours in an overall upward trend for the past two months. This is great news, when we consider the fact that EOS has survived the horror that came to crypto several months ago and went down to under $5 back in March. The interest in the EOS token at the moment is 1,231,320,000 USD which is a decent number for EOS, especially when we consider the all-time high of EOS when it reached $20 plus at a staggering 4 times that amount. This plus the fact that EOS’s price has been steadily rising since the end of May might suggest a new price boost incoming. But will this be enough and will EOS’s upcoming events result in a new all-time high for the token in 2018, we are yet to see.

 

 

EOS Token – More Information and Recent Media Activity

 

The EOS foundation aims to turn it’s idea to create a blockchain architecture that enables vertical as well as horizontal scalability of it’s decentralized apps. The foundation aims to achieve that by providing accounts, authentication, databases and asynchronous communication and the scheduling of apps via clusters of CPU’s working together. This tech makes it for an architecture that is capable of conducting transactions at a high rate of speed, as their whitepaper suggests.

While their idea to have their own institution of rules, the EOS foundation aim to ensure that transparency is also available, while increasing trust. While this is done, they are also thinking about scaling their token, because this is something that is highly sought after in the crypto community as the activity on the blockchain increases.

But it’s not at all perfect, because not only the EOS project is in it’s early stages, but they also have to show a solution that is successful in terms of scalability. And while EOS has a good idea that is smart and has already formed a vast community of supporters, it has some key areas it needs to address to solidify it’s position in the crypto market:

  • To change alongside with the changes of crypto policies.
  • To address properly the investors and contributors interest and trust.
  • To research it’s competition and It’s newer generation tech that is currently in development.

EOS Token – The Verdict

When we set those aside, one thing remains clear – EOS and it’s idea is here to stay. It is the tye of token that will gather more and more investors and developers on it’s side as time progresses which is good as EOS is one of the most optimistically looking projects for 2018. But if you are interested in EOS, always make sure to research it carefully and check how you can invest safely in it. And never invest more than what you can afford to lose as this is not a price prediction article, but a simple overview of it’s likely potential.

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