We live in a century where we all know that we can invest in different online domains simultaneously and make a good profit. Crypto comes top in these online domains; it is risky, and you can also make a considerable profit.
However, there’s also an obstacle: crypto is not a specific coin but a name of digital currencies. And with more than 8,000 cryptocurrencies in the world, choosing one of them is difficult. That’s why it is better to learn about famous currencies and create a list of profitable currencies. In this way, you can decide without any problem.
So, if you’re interested in the idea of creating a list, then write the EOS in it. EOS is a famous cryptocurrency and also profitable. But if you want to know why it is profitable and is EOS a good investment, read the article till the end.
Don’t worry; we know time is money. That’s why we’ll share the brief or to-the-point answers.
What Is EOS?
As we tell you above, EOS is a cryptocurrency based on blockchain technology. It started in 2018, so it is not an old currency like Bitcoin, but it is reliable. The blockchain protocol of EOS is the EOSIO platform.
EOS creation was to make the system of programming, smart contract, and Dapps (decentralized applications) easy. If we talk about the platform EOSIO, it provides the best service; you can transact money in seconds without a transaction fee.
The platform also has tokens (EOS tokens) which are the currency of the EOSIO network. This token is used as a currency to transact payments on the EOSIO platform.
EOS Investing: Getting Started
Below we’ll discuss all points of EOS, whether it is good or bad so that you can make a good decision about the investment. Make sure you’ll read all the points.
Is EOS A Good Investment?
It is a good investment, or not this is the decision you should make. Remember, we can only share the facts, history, and predictions about a coin. The decision will be yours.
So yes, it might be a good investment if we talk about the last year (2021) of EOS; it was good. After the downfall of 2018, the coin grew in 2021. The price even went above $10 at the end of 2021, a massive achievement after 2018.
But current performance is not good, but it doesn’t mean there’s no room for growth.
Unique Things About EOS Coins
Undoubtedly, EOS is a controversial cryptocurrency, not the most profitable crypto or fruitless. However, it is still a famous cryptocurrency, not a dead one.
The reason or uniqueness behind its success is the robust network or blockchain technology developed as an alternative to Ethereum, the second-largest cryptocurrency.
EOSIO is quite famous globally; it allows businesses to share databases or communicate between Dapps (decentralized applications).
Another difference about EOS is that the company thinks of it as an alternative to Ethereum, but they’re making it better. They aim to make a platform that can make several transactions in seconds.
EOS Price Analysis and Price Potential
The price and the potential of the coin undeniably is the most common question that comes to everyone’s mind after hearing the name of a cryptocurrency. And there’s nothing wrong with it; instead, it’s a positive thing that you’re anxious about the coin and looking for answers.
So, here’s the answer, it started with around $1, but after a few months, it grew fast. Like at the start of 2018, in April, it hit an all-time high price of $22.18. But unfortunately, the end of 2018 was not good as it went down to $2.56 in December.
In 2019 – 2020 the price remained between $5 – $8. Then again, the price increased after two years in 2021 and went up to $14.37 in December. Later on, the price decreased, and since then, the price has been downwards.
Investing In BTC or EOS In The Short Term
The questions most people ask are: whether EOS is suitable for short-term investment. Or if you have money to invest for the short-term, then among BTC and EOS, which one is good?
First of all, the answer is that it’s not a good idea to compare BTC (Bitcoin) to a new coin compared to BTC. Bitcoin is the first cryptocurrency globally, and one Bitcoin is now equal to $41709. At the same time, EOS’s price is $2.76.
You can check the huge difference yourself; Bitcoin is more stable. In brief, if you’re investing for the short-term EOS is not suitable, and if you’ve options like BTC, then EOS is definitely not an option.
Investing In BTC or EOS In The Long Term
Bitcoin is famous for long-term investment as it is fruitful, and investors get good results. EOS is also suitable for long-term investment, and you can earn a good amount of money over your investment.
However, if you compare EOS to BTC, BTC is good but remember BTC can beat almost all currencies, not only EOS. So the comparison is not fair; that’s why EOS is best for the long term.
EOS Coin Price Prediction
Before we get into the price prediction of EOS, there’s one thing we want to tell you. Crypto is a highly volatile investment; no one can guarantee a profit, whether an expert or anyone. It is risky sometimes; you’ll get a profit, and sometimes you’ll lose your money.
This is the reality, and you should keep it in mind while reading predictions. The reason is they are predictions: a statement about what “MIGHT” happen in the Future.
EOS Price Prediction 2021-2028
In 2022, the coin will hover around $3 to $4, and it will go high in 2023 from $4 to above $5 or even reach $6. The price of EOS in 2025 might start from $6 and can go up to $6.3. There are chances of downwards in the middle of 2026. It means the price will again go down to $5.
However, the end of 2026 will be good, and the coin will reach the value of $6.5, and possibly 2027 will end with $7.41. In 2028 the price may go up to $9.48.
Who Should Include EOS In Their Portfolios?
There’s another question that most people ask, which is who should include EOS in their portfolios? The short answer is anyone can include EOS in their portfolio. Go for it if you’ve money and think EOS is good after conducting proper research.
It is better to make decisions yourself instead of asking or following others. Just make sure that if you’re investing the first time, then invest a small amount of money.
Keep in mind anyone can include EOS in their portfolio. It depends on the people what they want, but we would definitely recommend you to include EOS in the portfolio if you’re:
- Cryptocurrency Traders
- Day Traders
- Blockchain Enthusiasts
The Pros of Investing In EOS
Here are the Pros of investing in EOS:
- Not expensive like other currencies; you can start with a small investment.
- EOS is famous for Dapps (decentralized applications)
- The overall record of EOC in terms of price and trading was good.
- Low transaction fee and offer transactions in seconds
- The Future of EOS seems good.
The Cons of Buying EOS
After the Pros, you should also learn about the Cons of buying EOS:
- The Parent company of EOS, Block.one, is involved in an SEC settlement in the US.
- Whether the coin is stable or not, it is still a volatile currency.
Frequently Asked Questions (FAQs)
Should I Invest in Bitcoin or EOS?
If you’re comparing Bitcoin and EOS, you should go for Bitcoin. The reason is it’s one of the renewed cryptos that is extremely expensive and offers many opportunities to earn high profits.
Will EOS ever overtake Bitcoin?
Bitcoin is the first cryptocurrency globally, and EOS was developed as an alternative to Ethereum. The company is trying to compete with Ethereum now, not Bitcoin. And as I said, they’re trying to compete; they haven’t succeeded yet.
So, there are no chances of EOS overtaking Bitcoin in the following ten years as their current focus and competitor is Ethereum.
How much could EOS be worth?
The current price of EOS is $2.76, but it will go up in the Future. According to predictions, in a maximum of six years, by 2028, the value will increase $9.48.
Is EOS legit?
Yes, EOS is a legit cryptocurrency.
Does EOS have a future?
EOS has a good future; for now, the price might be low, but the growth rate is high in the Future. And according to predictions, the price of EOS will increase up to $9.48 by 2028.
Conclusion: Is EOS A Good Investment
Undoubtedly, crypto is an excellent way to earn online, but keep in mind that the currency is volatile; you can’t even predict tomorrow’s price. So, make sure to conduct proper research before investing in the currency to protect EOS investment.
Hopefully, you’ve understood the entire topic of EOS cryptocurrency and found the answer to whether EOS is a good investment. If you want to invest in this coin this year, you must know its APY before stepping into it.