EOS EOS Price, Chart, Value & Market Cap

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This wasn’t unique to EOS – the entire crypto market pumped around that time on the heels of the Bitcoin 2017 bull run. The crash that followed wasn’t unexpected as such a sharp increase would have been very difficult to sustain without some kind of correction. A second resurgence in April 2018 pushed EOS’s price to its all-time high of $22.89. By the end of 2018, the crypto asset had experienced a significant wave of selling as investors lost confidence in the project, leaving EOS down at $2.59. Over the next two years, EOS; price rarely peaked above $5, except for a brief spike to $8.60 in May 2019.

In 2018 block.one announced a partnership with blockchain veterans Michael Cao and Winnie Liu to form a new $200 million joint venture fund, EOS Global. The fund will make strategic investments in Asia-focused projects that utilize EOSIO. This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. EOS price at any given time is decided by the balance of supply and demand on exchanges.

What is the all-time low for EOS (EOS)?

In addition to the network speed, EOS also acts as the governance token on the EOSIO and EOS Public Network platforms which belong to the same blockchain ecosystem. Token holders are GAL able to submit their proposals regarding the development of the network, vote on proposals, and make direct changes to the EOS ecosystem. Every year, cryptocurrency experts prepare forecasts for the price of EOS.

EOS has a trading volume of $153,178,290 in the last 24 hours. Since its an inflationary asset, it can be more difficult to predict the long-term EOS price. Larimer is a software developer and a blockchain entrepreneur. He has worked on and invested in a number of centralized and decentralized finance projects. The quantity of all coins/tokens that have ever been issued , minus all coins/tokens that have been removed from circulation .

Circulating Supply

EOS token gives holders access to bandwidth and storage on the blockchain. EOS.IO provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across computational networks. EOS.IO blockchain architecture has the potential to scale to millions of transactions per second, eliminates user fees and allowing for quick and easy deployment of decentralized applications. EOS.IO software was originally developed by Block.one, a company focuses on business-grade technology solutions, with employees and advisors across the globe.

The coin is still showing risking framing segments for past few days, the coin might have strong fundamentals but, we don’t think that it would a profitable asset in short term. CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. EOS is designed to facilitate the operation of decentralized applications .

EOS Price (EOS)

The EOS ecosystem was developed by Daniel Larimer and Brendan Blumer of the Block.one team. The official whitepaper was published in 2017, and the EOS platform itself launched in June 2018 after completing an initial coin offering . Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked . Whether the EOS cryptocurrency is worth buying depends on how the rest of your investment portfolio looks and what you personally think about this coin. Overall, it is considered a good investment by many on the cryptocurrency market, but you should always DYOR before you get it.

The last 100 million were kept by Block.one, as development funding, linearly released for 10 years after the mainnet went live on June 6, 2019. It was originally published by Block.one, and it’s CTO Dan Larmier, who also founded Steem and BitShares. The main idea behind EOS was to create a product capable of handling thousands of transactions per second while working without direct fees.

Before the transition to its mainnet, eos price crypto tokens existed as ERC-20 tokens on the Ethereum network. This metric can be used as a predictive indicator of the asset’s future market capitalization. EOSIO was developed by the private company block.one, which is registered in the Cayman Islands. Its first whitepaper was published in 2017, and its open-source software was released on June 1, 2018. EOSIO is a relatively new blockchain, designed to facilitate the building and operation of decentralized applications .

After the analysis of the prices of EOS in previous years, it is assumed that in 2024, the minimum price of EOS will be around $2.22. Cryptocurrency experts are ready to announce their forecast for the EOS price in April 2023. The minimum trading cost might be $1.25, while the maximum might reach $1.37 during this month. On average, it is expected that the value of EOS might be around $1.31.

Live EOS Price Analysis

The current yearly supply inflation rate is 9.46% meaning 92.94M EOS were created in the last year. In terms of market cap, EOS is currently ranked #10 in the Proof-of-Stake Coins sector, ranked #2 in the EOS Network sector and ranked #23 in the Layer 1 sector. Given EOS’ volatility, its live price can change by a large amount in a very short space of time. The market cap of EOS is equal to the price of EOS multiplied by the number of EOS tokens in circulation. In order to eliminate fees for users, the costs of operating the EOS blockchain are paid for by an inflation mechanism which is capped at 5% per year.

For coins like this, the market cap is a more important metric of how the crypto is doing. The smart contracts are the EOS financial product, where the block producers have also based on past performance, and allow for parallel execution as well as future results. The information contained includes commodities, and EOS is built as an improvement over Bitcoin.

It had the largest initial coin offering or ICO at its time where it actually managed to raise over $4 billion and sold 1 billion EOS over a sale that took a year. EOS transactions do not require any fee, however, some form of processing is needed to cover the network resources spent during the transaction. These mean that transactions require the user to use their CPU, RAM and internet connection. Currently, there are 1.08B EOS coins in circulation, and the supply is capped at 1,000,000,000 EOS. The usage of cryptocurrency is becoming widely accepted, but the legality of crypto can still vary significantly from jurisdiction to jurisdiction. You can check the legality of cryptocurrency by country or territory here.

Currently, the common staking profit is around 1-2% on a yearly basis, which is nothing extraordinary. This profit can additionally be altered, depending on various factors, like the stake pool performance, future network changes, staked amount, rise in EOS popularity and many more. Instead of mining the currency, users have the option to “stake” their coins. This makes the coins temporarily unavailable, but allows the user to receive additional coins, depending on the staked amount.

• EOS derives its value from supply and demand, just like all other cryptocurrencies.
• The most popular EOS trading pairs are EOS/USDT, EOS/USD, EOS/BUSD. Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
• The table above shows the number of days which EOS closed above a certain price level.
• It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours.
• Two days after it was launched, EOS’ price surged 996% to $5.50 before sharply falling 79% over the following 13 days.

Every user is entitled to a part of the eos price crypto proportional to the amount of EOS coins they have. So, users who do not have a lot of coins cannot use the network efficiently. Apart from that, many other networks use a transaction fee to charge for the resources used on the network, like renting network services. Some exchanges offer a direct EOS/fiat pair, which would be the most efficient way of cashing out. If a direct pair is not available, changing EOS to BTC and then to any local currency is an easy option as well.

• To begin trading EOS, sign up for PrimeXBT, an award-winning Bitcoin trading platform offering CFDs on oil, gold, stock indices like the S&P 500, forex, and other cryptocurrencies.
• EOSIO can be defined as a blockchain specifically made to facilitate the operation of decentralized applications or dApps for short.
• The cryptocurrency market is a high-risk environment, so consider starting with smaller stakes if you do decide to make an investment in crypto.
• CoinDesk journalists are not allowed to purchase stock outright in DCG.
• TeraWulf Chief Strategy Officer Kerri Langlais joins the conversation.

This changed at the end of November, when EOS’ market cap surpassed $1 billion as its price increased by more than 560%, reaching $17.57 in January 2018. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.