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EOS price prediction 2021

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What could happen to the price of EOS this year and beyond? Find out here.

EOS is a blockchain platform for the creation of decentralised applications (dapps). With an aim to offer faster transactions and scale better than Ethereum, it has attracted plenty of interest from the crypto community.

The native token of the EOS platform is (perhaps unsurprisingly) the EOS token (EOS). One of the world’s top 10 cryptocurrencies by market cap at the time of writing (13/03/2018), EOS tokens are being distributed through a unique year-long token sale.

So, should you buy any EOS tokens? To do that, you’ll need to carefully assess all the factors that could influence the price of EOS in the weeks and months ahead.

Learn more Where to buy EOS (EOS)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick facts

Coin nameEOS token
SymbolEOS
Algorithm typeDelegated proof-of-stake (DPoS)
MineableYes
Launch date26 June 2017

EOS price prediction

Cryptocurrencies are complicated, speculative and highly volatile. There are many factors that can affect their price, so it’s essential to carry out a balanced assessment of those factors to develop a clearer idea of where the price of EOS could be headed in the future.

Some of the issues you’ll need to take into account are outlined in the table below.

What could drive EOS’s growth?

  • Token sale. The EOS token sale began on 26 June 2017 and will run for a full year. 200 million tokens were distributed in the first five days, with 700 million more split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each. The remaining 10% of tokens are set aside for block.one, the company building the EOS. IO software, and cannot be traded or transferred on the Ethereum network.
  • Funding. While the token sale is taking place, EOS tokens are listed on many major cryptocurrency exchanges. Not only does this give people a chance to monitor the development of the project before deciding whether they want to buy in, therefore hopefully increasing adoption, it also allows the project to build a sizable war chest to fund future development.
  • Dan Larimer. EOS founder Dan Larimer has previously co-founded successful crypto projects Steemit and Bitshares, and has extensive experience in the cryptocurrency industry.
  • Platform potential. The EOS platform aims to offer a wide range of features and advantages, including vertical and horizontal scaling of decentralised applications and eliminating user fees. The full list of potential benefits of the platform is too long to list here, so check out the whitepaper for details of what EOS aims to achieve.
  • Active community. EOS is backed by a very active community and social media following. Check out its Telegram group or Facebook, Twitter or Steemit pages for evidence of this, or take a look at the list of regular EOS meetups around the globe.
  • Ratings. In its first cryptocurrency ratings released in January 2018, Weiss Ratings gave EOS a B rating. The only other coin to get the same rating was Ethereum, and none of the 74 coins reviewed scored an A.
  • EOSfinex. EOS has partnered with Bitfinex to build a decentralised exchange known as EOSfinex. The aim of the project is to provide a fast, transparent and trustless platform for digital asset trading, but there was no official launch date at the time of writing.

What could hold EOS back?

  • Lack of adoption. There are several platforms in various stages of development that aim to offer scalable dapps. The value of the EOS token will be closely linked to the level of adoption the EOS platform can achieve.
  • Competitors. Though EOS has been heralded as an “Ethereum killer”, the Ethereum platform continues to grow and is the world’s second largest cryptocurrency. EOS faces a huge battle to dethrone Ethereum as the number-one platform for dapps and smart contracts, while it will also need to compete with a host of other projects with similar goals.
  • Still in development. The EOS platform is still being developed, so it’s not yet known for certain whether the technology behind it will be able to deliver on its promise and potential.
  • Losing Dan Larimer. Some critics of EOS have questioned Dan Larimer’s commitment to seeing the project through to fruition. Having developed Steemit and Bitshares and then left for other projects, Larimer has developed a reputation (whether deserved or not) for leaving projects before they’re fully developed. If he decides to move on from EOS, this could have an impact on consumer confidence in the platform.
  • No function for tokens. On its official FAQ page, EOS states that its tokens don’t have “any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform”. Consider any effect this may have on demand for the token.

Where to buy EOS

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

820
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

315
cryptocurrencies

Promo: New users earn up to USD 100 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Finder Exclusive: Get 10% discount on your fees when signing up through Finder.
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

280
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

434
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

168
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

271
cryptocurrencies

Promo: Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

73
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

228
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

193
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

50
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

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Compare up to 4 providers

Read our step-by-step guide to find out more about buying EOS

What’s coming up in EOS’s roadmap

EOS’s development team is right in line with the roadmap it released in mid-2017. The EOS Dawn 1.0 release took place in September 2017, while December 2017 saw Dawn 2.0 introduce resource tracking and inter-blockchain communication.

The next stage is Dawn 3.0, which EOS says will provide the following benefits: “EOS Dawn 3.0 will re-introduce horizontal scaling of single chains and infinite scaling via secure inter-blockchain communication. With these two features there will be no limit to what can be built on blockchain technology, nor for how decentralised the network of blockchains can become”.

At the time of writing, the Dawn 3.0 code was still in the early alpha stage and was not scheduled to be available in a public TestNet until the end of Q1 2018. According to the official roadmap, Winter 2017 and Spring 2018 (northern hemisphere) will see the EOS platform undergo heavy testing with the emphasis on finding security issues and bugs.

Once a stable product has been released, Summer and Autumn 2018 (northern hemisphere) will see development focus on “optimising the code for parallel execution”.

EOS’s competition

Another factor to consider before deciding whether or not to buy EOS tokens is the competition the EOS network will face from other similar projects. As platforms battle for supremacy and market share in the impending blockchain economy, how EOS stacks up against its competitors could have a positive or negative impact on its price.

Competitors to keep an eye out for include:

  • Ethereum (ETH). Ethereum is currently the biggest and best-known platform for dapps and smart contracts. Launched in July 2015, it’s now the world’s second-largest cryptocurrency by market cap.
  • NEO (NEO). Commonly dubbed the Ethereum of China, NEO is an open-source blockchain for the development of smart contracts and digital assets. It’s also one of the top 10 cryptocurrencies by market cap.
  • Ethereum Classic (ETC). Formed from a fork in the original Ethereum blockchain, Ethereum Classic is a decentralised blockchain platform that runs smart contracts.
  • Stratis (STRAT). Designed to help companies integrate blockchain technology into their systems, Stratis allows companies to create their own custom dapps.
  • Lisk (LSK). Lisk runs on JavaScript and provides a platform where developers can build custom, industry-specific dapps.
  • Waves (WAVES). A unique platform that allows startups to run ICOs and also enables the development of dapps, Waves was launched in June 2016.
  • Qtum (QTUM). Qtum is a China-developed platform that aims to combine Ethereum’s smart contracts with bitcoin’s secure blockchain.

Beyond 2021: What does the future hold for EOS?

While there seems to be plenty of potential for EOS to enjoy a bright future, there’s still a level of uncertainty surrounding the project. The next 12 months will be a crucial phase for the platform as the much-anticipated official release of the EOS platform occurs.

If it can achieve the goal outlined in its whitepaper – creating “a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralised applications” – it could well become a major challenger for Ethereum.

However, there are still a lot of “ifs” at this stage of the project. The EOS platform is still being developed, and big challenges like a stable release and migrating to its own blockchain still lay ahead. And while the platform is being built, competitors like Ethereum are continuing to grow and also working on solutions to their scaling problems.

Finding out whether EOS has the features and functionality to achieve widespread adoption will be fascinating, so it’s definitely a project worth monitoring throughout 2018 and beyond.

Bottom line

EOS is still a relatively new project. While it undoubtedly has a grand vision and plenty of potential, not to mention significant financial backing, whether or not it will become a viable network that plays a crucial role in the blockchain ecosystem of the future remains to be seen.

If you’re thinking of buying EOS, thoroughly research all the factors that could have a bearing on its price before making a purchase.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Images: Shutterstock

At the time of writing, the author holds IOTA and XLM.

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