EOS (EOS) Price Prediction 2024-2030: Will EOS Price Hit $2 Soon?

• The price prediction for EOS in 2024 is a strong move to $1.50 
• EOS price might produce negative returns for investors in 2026 and 2029.
• In 2030, the price of EOS might rally to $4.41 based on our analysis.

EOS is one token that many market participants seem to have forgotten about and the reason for this is clear. In the last few years, EOS’ performance has been underwhelming. However, the token seems like it is ready for a better price action before the end of this cycle. Hence, this article focuses on the price action from 2024 to 2030.

EOS (EOS) Real Time Market Status

What is EOS?

EOS is a third-generation open-source, layer-1 blockchain platform that is powered by the EOS virtual machine. EOS is one of the projects with a high level of scalability in the ecosystem. As such, the execution of transactions costs almost near-zero fees.

For its consensus, EOS uses a Delegated Proof-of-Stake Network (DPos), and the token’s contract was built on the Binance Smart Chain as a BEP-20 token. The project is very decentralized, thus, decisions do not rest in the hands of miners alone. Instead, all participants within the network have a say in what goes and what doesn’t.

EOS Current Market Status

In the last seven days, the price of EOS has increased by 18.98%, bringing the value of the token to $0.85. Despite a slight decrease in the last 24 hours, the trading volume increased by 338%.

A hike in the volume was a testament to the rising interest in the EOS token. As of this writing, the market cap of the cryptocurrency was $960.77 million. The total supply of EOS is 1.12 billion, and it is the same number in circulation. EOS is available on Coinbase, Binance, Upbit, Kraken, and KuCoin.

EOS (EOS) Price Analysis

On a Year-To-Date (YTD) basis, EOS’ price has decreased by 16.95%. This is unlike many altcoins whose prices have produced a net positive return. However, this does not imply that EOS is dead or it would not be able to compete with the top altcoins. To check the potential of the token, Coin Edition dedicated this segment to its price predictions from 2024 to 2030.

EOS (EOS) Price Analysis – Bollinger Bands

As of this writing, the Bollinger Bands (BB) on the 4-hour chart showed low volatility. This implies that the price of EOS might trade within a tight range for some time. With the bands contracting, the bullish case for the token could see the price move to $0.92.

On the other hand, a bearish perspective might lead the value of the token downward, and a decline to $0.78 could be possible.

EOS (EOS) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) formed a positive divergence and led EOS price to $0.96 on April 24. However, the rise also pulled the RSI reading into the overbought region.

Consequently, this led EOS to retrace. At press time, the RSI reading turned downwards, indicating that the bullish momentum was waning. Should this continue, the price of the token might be affected, and a drawdown below $0.80 might be possible.

EOS (EOS) Price Analysis – Moving Average Convergence Divergence

For the Moving Average Convergence Divergence (MACD), the 4-hour chart showed that it was positive. Typically, this position was supposed to drive an increasing upward momentum for EOS. 

However, that might not be the case considering the positions of the 12 EMA (blue) and 26 EMA (orange). As of this writing, both EMAs were around the same spot, indicating that sellers and buyers were in a struggle for dominance. Hence, EOS might end up consolidating. 

EOS (EOS) Price Prediction 2024

For the long term, the price of EOS showed signs that it could revisit the highs it had in March. This was because the 50 EMA (blue) had crossed over the 200 EMA (yellow). This is known as a golden cross and serves as a long-term bullish signal.

Considering the EMA positions, EOS might avoid dropping below $0.73. Also, the end of $2024 could see the price of the token rally past the $1 psychological level and hit $1.50.

EOS (EOS) Price Prediction – Resistance and Support Levels

For the support and resistance levels, Coin Edition identified three points on the 4-hour chart. The first one was at $0.71 where bulls had camped and formed a solid support in the area. As a result, the value of the token jumped and surpassed $0.90.

Meanwhile, the $0.93 level was a resistance area for EOS before it later turned to support which helped the price rise past $1. But on the upper end, another resistance existed at $1.10 which could be vital for EOS in the future. 

A breakthrough in this path could send EOS above $1.50. On the other hand, a rejection of the area might invalidate the bullish thesis.

EOS (EOS) Price Prediction 2025

In 2025, EOS might bank on the predicted altcoin rally. By this time, it is expected that prices of many cryptocurrencies have left their depression phase, and a hike could be next. For EOS, the value could hit $1.89 in 2025.

EOS (EOS) Price Prediction 2026

In 2026, EOS price might decrease again. This is due to the project that liquidity might flow into other cryptocurrencies, leaving the price prediction at $1.62.

EOS (EOS) Price Prediction 2027

By 2027, the price of EOS might increase again. This time, demand for the token might be enormous, and developers building on the network might be more than expected. As such, the price of the token might hit $2.25.

EOS (EOS) Price Prediction 2028

In 2028, EOS price is expected to advance from its 2027 high. Projections for the year suggest that the market cap of the crypto ecosystem might have hit tens of trillion. Therefore, EOS might change hands at $3.17.

EOS (EOS) Price Prediction 2029

EOS price might slow down again in 2029 as profit-taking in the market might increase. With this in mind, the value of the cryptocurrency might fall below $3 and hit $2.73.

EOS (EOS) Price Prediction 2030

By 2030, EOS might rebound again. This time, the uptrend might be much more better than previousl one. Thus, the price might reach $4.41 in 2030.

EOS (EOS) Price Prediction 2040

The market cap of EOS might be very high than the current one in 2040. As a result, the price is also expected to rally. Should this be the situation, EOS might hit $6.90 in 2050.

EOS (EOS) Price Prediction 2050

The price of EOS might hit double-digits again in 2050. Using our price prediction model, the value of the token might be $11.78 by the end of the aforementioned year.

Conclusion

Finally, it is possible that EOS has once again become an attractive cryptocurrency considering its recent performance. However, it is important to remember historical data as price action could be a falls breakout. If it is not, good for investors. But if it is your first time planning to buy,  you should do more research.

FAQs