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EOS Price Prediction

It’s January and today we’re adding our EOS price prediction to the list of coins that we’ve already made a 2021 forecast for. Later on down the page we’ll explain more about EOS and our reasons for being so bullish on it, but you’re here for the price prediction and we’ll jump right to it.

As always, we like to review price forecasts made by others in the crypto industry before we provide our own. This gives you a reference for easy comparison.

Diverse EOS Price Forecasts For 2021

Capital.com shares these EOS price predictions:

According to TradingBeasts, the EOS price in December 2020 will reach a maximum of $3.4, after which the forecasting service expects it to drop back down to $2.7, on average.

In January 2021, its EOS crypto price prediction shows the coin remaining near this level, at around $2.7, later expecting it to experience a slow but steady rise throughout the year, with the coin having the potential to hit a high of $3.9 next December. The average price of EOS is predicted to reach $4.07 in December 2022, and then $5.03 in December 2023.

Wallet Investor also expects the currency’s price to rise in early 2021, although their EOS coin forecast says that the asset will see a price crash in the second half of the year. The event will potentially lead EOS down to $1.2 one year from now.

As for CryptoGround, they have a very bullish EOS prediction. In fact, their EOS forecast claims that the coin will simply keep climbing, with its value reaching $4.17 in six months, $4.7 in one year, and $21.4 by December 2025.

PrimeXBT reports its 2021 price prediction for EOS:

EOS doesn’t have much price history to analyze for repeating patterns, however, the symmetrical triangle the asset has been trading within for its entire lifecycle was preceded by a powerful rise.

After a breakout of resistance and signaling the end of the bear market, EOS could experience another extremely powerful burst upward, returning to prices near $15 per EOS in 2021 or 2022.

Capitalcoin lists these 2021 EOS price predictions:

CoinFan

Coinfan sees EOS reacing $47 in December of this year, after a string of months with constant gains.

TradingBeasts

Algorithm at Tradingbeasts.com has a much more conservative approach to EOS price, putting it at $7 at the end of the year which still represents more than double of its current price.

Cryptoground

EOS will be levitating around $4.70 according to the Cryptoground algorithm.

Lastly, Trading-education.com chimes in with these two EOS price predictions for 2021:

EOS price forecast for 2021

What are crypto experts forecasting for EOS in 2021?

Now that we’ve explained a bit more about EOS, let’s look forward to 2021 and see what some of the top crypto analysts believe could happen to EOS price. According to DigitalCoinPrice, the outlook for EOS is promising: 

As we can see from this chart, DigitalCoinPrice has forecast that the price of EOS will increase before the end of 2020. Its January 2021 predictions place the price at $6.07, which is more than double its current price of $2.64. The platform believes that the price will then rise to $7.49 in February before slipping down to its lowest point of 2021 in April when it could be worth just $5.47. However, this dip won’t last long. For the rest of the year, DigitalCoinPrice predicts that EOS will swing between $6.20 and $7.39, ending the year on a brief bullish trend. 

If you’re wondering ‘is EOS a good investment?’, this outlook is reasonably optimistic. It shows that the price of EOS will go up from 2020, but that its progress won’t be linear throughout the year. Those who like to make short-term trades could see the chart above as an opportunity to cash in on short-term fluctuations — for example, by selling in March, buying in April, and selling again in June.

Let’s move on to the platform WalletInvestor to see whether its predictions align with those given by DigitalCoinPrice. We can see its forecasts represented in this graph: 

At the start of the year, the pattern we can see on WalletInvestor’s graph is not unlike that on the graph from DigitalCoinPrice. Both feature a sharp rise at the start of the year followed by a dip around May, before climbing up again in June. They even give very similar values for its yearly ATH, suggesting that EOS will start to approach prices of just under $8. 

The key difference between these predictions is evident in the second half of the year. Whereas DigitalCoinPrice believes that the price of EOS will ultimately close 2021 on an upwards trend, WalletInvestor foresees a very pessimistic bearish run, with its price crashing down to below $1. This is undoubtedly bad news for any investors wondering ‘will EOS go up?’.

These EOS end of the year price forecasts range from about $1 to $47. That’s quite a range!

Our 2021 EOS Price Prediction

We’ve been repeating ourselves somewhat, but it needs to be said again: there is a 4-year price cycle in cryptocurrencies. This cycle is most likely – or at least partially – caused by the Bitcoin halving cycle, which itself is a four year cycle.

To date, no major studies have examined this cycle in detail.

This cycle has existed the entire life of the cryptocurrency market. While it certainly could disappear, we see no reason for this cycle to suddenly vanish.

This 4 year cycle, which has existed in the cryptocurrency market since day one, suggests that 2021 is going to be another roaring year for crypto prices.

Previous 4 Year Cycle Tops

The previous two topping patterns of the 4 year cycle were 2013 and 2017. The next cycle peak is due around Christmas time in 2021.

Bitcoin has been through two complete 4 year cycles. EOS was released in January of 2018, and thus we don’t have any previous cycle price patterns for reference. Price history only goes back to mid January of that year.

Instead, we are going to look at our projected multipliers for Bitcoin, Ethereum, and Stellar Lumens, and prognosticate that the multiplier for EOS will probably be similar.

What Multiple For EOS?

We are predicting bitcoin to go up in price by a factor of 15.4 times to reach its high at the end of this year.

We are predicting Stellar Lumens to go up in price by a factor of 20 to 74 times to reach its high at the end of this year.

We are predicting Ethereum to go up in price by a factor of 18 to 34 times to reach its high at the end of this year.

EOS started 2021 at a price of $2.64 on January 1.

EOS 30x This Year

We believe that the price performance of EOS this year will mirror that of XLM and ETH. As such, we are going to use a multiplier of 30x.

Using this multiplier, we predict a price high for EOS at the end of this year to be $79.20.

Our EOS 2021 Price Prediction: $79.20

That’s our EOS prediction. While it may seem unreasonably high, let us remind you that at that price the total Market Cap of EOS would only be about $79 billion. As of press time, Ethereum has a total market cap of $150 billion. We believe it is reasonable to forecast EOS could reach this size of a market cap.

An Introduction to EOS For Newbies

EOS is actually the indigenous cryptocurrency underpinning the EOS.IO blockchain protocol. EOS.IO is actually an intelligent contract platform for decentralized applications and protocol designed as an enterprise solution for scaling computer resources, emulating computer processing hardware, storage, and other things. EOS was developed, including several high cryptocurrency projects, to resolve the speed, flexibility, and high fees and scalability issues in both Ethereum and Bitcoin.

EOS is actually based on a white paper released in 2017, created by the Dan Larimer and Brendan Blumer lead Block.One. The EOS first coin offering launched in June 2017 and concluded in the following June in 2018. The ICO broke records for probably the largest length of capital raised in an ICO, pulling in more than $4.197 billion.

EOS is actually a blockchain based decentralized platform which allows the development, hosting, and also execution of decentralized applications (dApps). It’s existed for many years, and also like some other crypto project which focuses on development, rather compared to payments – it was influenced by Ethereum.

Nevertheless, EOS has an objective of being better, faster, more scalable and providing greater plus more complex services, making it Ethereum’s rival.

The project started the ICO of its back on June twenty six, 2017, and it ran until June one, 2018. Before, it was probably the longest ICO of all the time, as well as among probably the most successful. After the year long ICO was concluded, EOS emerged with the raised $4.1bn, which quickly attracted attention to the venture.

Like the majority of ICO projects, EOS was launched on Ethereum’s network, from which it later migrated upon creating its own blockchain of late. Sad to say, the project faced quite a great deal of problems if the time for the mainnet launch of its had arrived, receiving a large amount of criticism. After delays, the mainnet finally discovered the launch in mid June, just to purchase frozen 2 days later.

Nevertheless, despite the rocky start, EOS ultimately managed to pull itself collectively, launching rather a skilled blockchain.

EOS is actually among the more debatable crypto tokens across the crypto sector, but due to the disruptive technology of its might have among probably the largest long term profit potential. The blockchain technology behind the EOS.IO protocol has the potential to substantially alter the future of computer resources and applications and improve upon a number of companies and industries. Because of the effective impact EOS might have, it is long term value might increase exponentially.

Using important analysis to forecast the long term view of the crypto asset, and providing complex analysis from specialists from across the industry, long-term price predictions are able to assist an investor decide whether EOS is actually a great investment decision.

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Blockchain News Cryptocurrency News

Chainlink Price Prediction

This is 4th in our series of 2021 price predictions for some of the major coins by market cap. We’ve already outlined our Bitcoin, Ethereum, and Stellar Lumens price projections for 2021. Today will will provide our Chainlink price prediction.

Further down in this article we will go over the details of what exactly Chainlink is and the potential that it offers, but you’re here for a price prediction, and we’re going to get right to it.

As always, we like to review price forecasts made by others in the crypto industry before we provide our own.

CaptainAltcoin shares the following LINK predictions:

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the ChainLink (LINK) price, which will give us another point of view to consider:

Trading BeastsLINK – $20.78

Trading Beasts have given LINK prediction on monthly basis and they have forecasted that by the end of 2021, Chainlink might reach $20.78 to the maximum and $10.53 to the minimum.

Coin FanLINK – $23.18

Coin Fan is good at giving optimistic numbers and has predicted that by the end of 2021, LINK might reach $23.18, which is way more bullish and optimistic a prediction. They have even forecasted that by 2023, LINK might reach as much as $300, which is an unbelievable prediction.

Digital Coin Price LINK – $15.74

Digital Coin price also has given a monthly prediction for Chainlink and they have projected that by the end of 2021, LINK might reach $15.743, which is almost double the current price.

Wallet InvestorLINK – $18.32

Wallet Investor is known for giving not so optimistic prediction for almost every digital currencies. Even for Chainlink, it is not quite different. They have predicted that by 2021 end, LINK might go down to $18.325.

Looking at the above forecasts for the price Chainlink might climb to this year, we’d venture to say they need to update their forecasting methods!

LINK has already surpassed 3 out of the four, and has almost surpassed the fourth. Needless to say, there’ still a LOT of time left in 2021 for LINK to keep Climbing.

Let’s review a few other LINK forecasts.

Coinpedia.org offers this prediction:

Chainlink has drawn a lot of attention and attracted new fans to their project. Their activities and appreciation among other industry players have increased trust in the company. By the end of 2021, the coin may reach about $28.

CryptoEinfach reported these Chainlink price predictions for 2021:

Crypto-rating.com determined the year-by-year price change of Chainlink with their own AI-enabled algorithm, they are predicting In 2021, Chainlink will be priced around $19.82.

Digitalcoinprice.com thinks Chainlink will peak in 2024 with around $34.3 their prediction is a bit more pessimistic with a price in 2021 of $20.49.

Once again, LINK has already exceeded the two price forecasts above.

This is the LINK prediction as declared by gov.capital:

Our site uses a custom algorithm based on Deep Learning that helps our users to decide if LINK could be a good portfolio addition for the future. These predictions take several variables into account such as volume changes, price changes, market cycles, similar coins.

Future price of the asset is predicted at $33.033427 (57.429% ) after a year according to our prediction system.

Custom deep learning algorithm? Sounds so sophisticated. However, If our LINK prediction is anywhere near close to what actually occurs, it won’t be very long before it becomes crystal clear that their deep learning algo needs to go back to shcool.

Lastly, here is the LINK forecast provided by the bybit blog:

The Chainlink price is predicted to experience a bullish trend, sustaining over $23 in 2021 and paving the way for an eventual run up to $60 in 5 years

LINK over $23.00 during 2021? With the price of LINK quoted at press time of $22.22, that’s about as risk-free of a forecast as one can make.

It should be very evident from the forecasts above that all the “experts” are unanimously calling for the price of Chainlink to pretty much remain in the range of its current price.

We strongly disagree.

Our 2021 Chainlink Price Prediction

We’ve said it before, but it needs to be said again: there is a 4-year cycle in cryptocurrency prices. This cycle is most likely – or at least partially – caused by the Bitcoin halving cycle, which itself is a four year cycle.

This cycle has existed since the creation of Bitcoin. While it certainly could, we see no reason for this cycle to suddenly disappear this year.

This 4 year cycle, which has existed in the cryptocurrency market since day one, suggests that 2021 is going to be another roaring year for crypto prices.

Previous 4 Year Cycle Tops

The previous 2 tops of the 4 year cycle were 2013 and 2017. The next cycle peak is due around Christmas time in 2021.

Bitcoin has been through two complete 4 year cycles. Chainlink was released in June of 2017, and thus we don’t have a full cycle year to use as reference. Price history only goes back to mid September of that year. as such, we don’t have the data from a previous cycle to use as a basis for making a prediction for this cycle.

Instead, we are going to look at our projected multipliers for Bitcoin, Ethereum, and Stellar Lumens, and reason that the multiplier for LINK will probably be similar.

What Multiple For LINK?

We are predicting bitcoin to go up in price by a factor of 15.4 times to reach its high at the end of this year.

We are predicting Stellar Lumens to go up in price by a factor of 20 to 74 times to reach its high at the end of this year.

We are predicting Ethereum to go up in price by a factor of 18 to 34 times to reach its high at the end of this year.

LINK started 2021 at a price of $11.87 on January 1.

Chainlink 30x This Year

We believe that LINK’s price performance this year will mirror that of XLM and ETH. As such, we are going to use a multiplier of 30x.

Using this multiplier, we predict a price high for LINK at the end of this year to be $356.10.

Our LINK 2021 Price Prediction: $356.10

That’s our LINK prediction. While it may seem unreasonably high, let us remind you that at that price the total Market Cap of Chainlink would only be about $150 billion. As of press time, Ethereum has a total market cap of $140 billion. We believe it is reasonable to forecast LINK could reach a similar market cap.

What’s Chainlink (LINK)?

Chainlink is actually a blockchain platform developed to protect clients against unauthorized access when exchanging data while working for complicated smart contracts. The Chainlink solution offers advanced data protection both outside and inside of the blockchain.

The Chainlink blockchain consists of special nodes known as oracles. For the network to operate right, the smart contracts have to do the job properly, as well as the data sent to them should be dependable. A decentralized oracle network verifies the input data from different sources and then sends them to an intelligent contract. This achieves greater accuracy of input info, and that is at times difficult to confirm in a centralized fashion. Additionally, that eliminates data manipulation. The Chainlink oracle serves as a dependable bridge between data providers and the customers of theirs.

Chainlink is an answer necessary for blockchain to evolve.

Smart contracts enable you to move cryptocurrency from one address to the next when certain conditions are actually met. Readily available for public viewing in the blockchain, smart contracts are actually invariable, which implies that the parameters of the agreement or maybe contract features cannot be changed once they are deployed.

Smart contracts requiring off chain data need to have a dependable source to properly transfer details to the chain before this information is transferred forth and back to any off chain party. The communication issue had formerly held back the improvement of smart contracts. Nevertheless, with the growth of oracles, that issue is a factor of the past. Smart contracts may today be used for an assortment of scenarios.

Oracles

Oracles are actually used to transfer actual data to the blockchain via smart contracts. Any data could be transferred, weather forecast, the football or price details match score. Decentralized financing (DeFi) is actually probably the most typical use of an oracle because these platforms need probably the most correct and trustworthy sources of information readily available to avoid errors.

An oracle is actually a middleman or maybe middleware that functions like a bridge between a number of parties during the data transfer to and out of a blockchain. Oracle checks and transmits serious data to various blockchain ecosystems in which the information is then utilised. When oracles utilized in conjunction with smart contracts, they confirm that the conditions of the intelligent contract are actually fulfilled and that the data provided is actually dependable.

Chainlink’s Applications

Centralized oracles include a problem: if the system fails, it is able to result in a failure on some other platforms, possibly putting users’ funds at risk. If one single oracle shuts down for a short time, it is able to cause chaos for a lot of people. Which generates significant trust issues for a centralized oracle network.

Chainlink’s network of decentralized node operators is financially urged to attain a consensus on data reliability. Abusers are actually penalized for playing unfairly, and the data of theirs gets rejected without reaching consensus with the majority of the network. That is the decentralization element which makes the Chainlink network very safe.

Just how does Chainlink (LINK) work?

Chainlink (LINK) is actually a decentralized network of oracles whose main objective is actually connecting smart contracts with info coming out of the planet. Since a blockchain doesn’t have access that is totally free entry to info outside of the system of its, the oracle acts as an info channel in an intelligent contract.

The Chainlink network uses as its underlying asset LINK tokens, that are required to extract off network data flows. All tokens are actually created into a readable blockchain and off chain network computing system which offers a reliable, secure workflow.

Chainlink is based on clients and information providers. Clients choose specific desired data, as well as providers share just this data. Being a guarantee, data providers block a particular percent of LINK tokens if they publish an offer for data. These tokens may be confiscated in the event of vendor misconduct. At exactly the same time, Chainlink uses the oracle reputation system to gather and assess the data provided. When everything goes smoothly, suppliers just receive the payment of theirs, and everybody is satisfied.

Bottom line: Chainlink connects data providers with the buyers and has a very bright future.