EOS is a blockchain enabled platform which helps to develop decentralized applications, that are similar to Ethereum. It is popularly dubbed as Ethereum killer. It makes it much easier to develop dApp with the provision of an operating system like functions and set of services that dApps can use. Its developers are working hard to provide one simple and massively scalable platform for smart contracts that can be used in an everyday basis.
Current status of EOS
At present, EOS is getting traded at USD 4.79 (UTC time 03:06). With a market cap of USD 4,514,264,891 and a circulating supply of 943,052,326 EOS, it is the 5th largest cryptocurrency in the world.
Price analysis of EOS
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The above chart shows that EOS is currently getting traded at 4.79 USD or 0.00088015 BTC (UTC time 03:09). Its present market cap is worth of 4,513,014,701 USD with 2,767,977,341 USD as its 24h volume. The same chart shows that approx. One month earlier, EOS had a trading value of 4.19 USD. So, within, this period, the value of EOS has been increased by 14.31% with 4.55 USD as a good support resistance.
Future price prediction of EOS
EOS can tackle approx. 6000 transactions every second compared to Ethereum which can handle only 15 transactions/second. EOS does not involve any transaction fees, but Ethereum has significant transaction fees. These are the reasons which make it evident enough for EOS to overtake ETH in the future. Moreover, Dan Larimer, the chief technology officer of this crypto has earlier founded Bitshares which is similar to NASDAQ. This also indicates the high potential of the development team behind EOS. Due to its excellent block one technology, tech-savvy and finance savvy developers have high interests on its platform, and therefore, this crypto has high propensity to grow this year. If the market condition also improves, then, that can be an added advantage to EOS. So, we think that EOS can trade around $16 by the end of 2019.
Conclusion
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EOS is thus a capable cryptocurrency, and it has a high probability to spike up later this year.
