EOS forecast for 2020: What do the experts say?

EOS is one of the most powerful Blockchain platforms for decentralized applications. Be the ICO in the year of 2017, was one of the most successful currencies in the history of Crypto. Since then investors try to the future of EOS and its yield to predict opportunities. After a positive Start to the new year we have some of the EOS-forecasts for 2020 investigated, where we cover the topic through a combination of technical analysis, fundamental analysis and the opinions of experts in addressing.

The future of EOS in 2020: the Outlook is Good, according to technical analysis and fundamental analysis

Now EOS Buy

As we will show in this article, it is due to multiple factors, not just the development or the future of trading instruments such as crypto-currencies to assess. On the Terrain of decentralised development, it is due to the strong competition even harder and forth, as hundreds of projects are trying to displace Ethereum as a market leader in this sector. Shortly after the introduction of the EOS due to its scalability and alternative solutions, such as, for example, the programming of distributed applications on multiple CPUs at the same time, the main threat. In spite of this Hype, which continued after the introduction of EOS and its ICO for about a year, slumped to the EOS-price in the second half of 2019 drastically.

According to a technical analysis, the Situation seems to change in the medium term, after the crypto-currency had the downward spiral broke, you several months suffered. In addition to this more hopeful scenario from a technical point of view, also shows 2020 is already a development of the EOS. As the official website reported, was introduced in January EOSIO 2, the second Version of the platform. This Upgrade is intended to make the development easier and safer.

“EOSIO was the first Blockchain-Software that’s made for the purpose of performance improvement of the WebAssembly (WASM)-Engine use. However, with the time we grew up about the real goal of WASM Engines and knew that we could do more. Our solution: your own, taking into account the Blockchain newly designed Engine. EOS VM, our for Blockchain-based applications developed in-WASM-Engine, performs EOS-Mechanics in comparison to Binaryen, which was published with EOSIO 1.0, up to 16 times faster.“

The main reasons for the growth of EOS in the year 2020

The following list explains some of the reasons why EOS in the year 2020, as fast in the height, could shoot. It is important to mention that external elements (such as regulation) can have an unexpected influence on the market. Therefore, we recommend that you hold the latest news in the crypto currency industry to date and adequate risk management.

• The introduction of the EOSIO-2.0-platform: This on developer-oriented resource could be the growth of the Ecosystem and the creation of new projects and crypto currencies under the supervision of EOS to promote.
• Blockchain Integration: The ability for asynchronous communication between the public and private Blockchains.
• Favorable technical scenario, beginning in 2020, the technical analysis in this article, and the survey of other experts.
• Unlike , for example, CoinMarketCap, (where digital currencies by market capitalization are listed), the Chinese Cryptocurrency Ranking of forecasts based on factors such as real application cases are based. It is from the Chinese centre for the development of the information economy (CCID) under the supervision of the Ministry of industry and information technology (MIIT), the Chinese government created. In the latest crypto-currency Ranking, from China EOS remains at the top and outperforms other crypto-currencies, such as the ETH, TRX, and even Bitcoin.
• The Bitcoin halving could not be Token only to an increase of Nakamoto, but the entire crypto market.

Technical analysis of the EOS with possible scenarios for 2020

The following technical analysis addresses some of the scenarios and price levels, which could develop in the course of 2020. Due to the intrinsic volatility of this market may, however, not a precise prediction about EOS for 2020 made. We, therefore, advise to caution, testing and documentation, before using EOS traded or EOS is bought. The days analysis revealed several interesting results, which we will address below.

EOS/USD: Important observations and interesting areas

Technical EOS-analysis in comparison to the US Dollar (EOSUSD) of 29. January, 2020. With trading view analyzed data from Bitfinex

For daily candle chart, we have evaluated several indicators and valuable results:

• Since may 2019, the EOS-exchange rate in comparison to the US Dollar on an upward trend, but in July of the same year, a clear downward channel. Both of these, as well as the breakthrough to the top in January 2020 will be from the graphics significantly. In the middle of this month, the downward trend of the highs has been broken. It is a return that is confirmed a change of direction followed.
• In addition to this positive indicator, broke through EOS the resistance of the most common moving averages (MA50, MA100, MA200) and exceeded recently, the long-term moving average. This is in addition to the aforementioned positive data.
• At the time of this analysis, increases EOS about $ 4 and is in this area of psychological resistances to face.
• Fibonacci marked on the top of a plurality of rate-between stages that act as medium-term resistance, if the cops can still be convinced to invest in EOS. The price level to 4,6 dollars, 6,17 dollars, 7,26 dollars and 8,55 – 8,65 dollars to stand out.
• In spite of the in the analysis highlighted interest rates bullish Outlook, the RSI is in danger of becoming overbought, which could lead to short-term of a return or a stabilization. In this case, the crypto-currency could be supported to 3,70 dollars before he reached the MA200-curve.

Other technical considerations and predictions for the EOS

EOS-lows in the last year: In December 2019 fell EOS dramatically to a level of 2.15 dollars from. It was followed by a quick recovery with almost 100 % profit within a month.

EOS-highs in the last year: In June 2019 touched EOS short 8,65-Dollar mark. To record times in the year 2018, increased by EOS over 22 dollars.

In General, the analysis indicates an upward break, which was not observed in other crypto-currencies and to. However, we are of the opinion that price developments should be monitored for changes, to determine the prospects of the token.

EOS projections for 2020: expert and Amateur opinions

In this section, we evaluate some of the various Online sources and reputable enthusiasts-made EOS-forecasts for 2020. Warning, the rating is hugely speculative:

• A us today article provides an optimistic EOS-forecast for the year 2020. According to the analysis, it is expected that EOS in the year 2020 maximum levels of 45 and 70 dollars is reached. This forecast seems to us to be not very well founded, as it is based solely on the basic elements of the project and the competitiveness with Ether.
• A further analysis of the Satis Group in the year 2018 showed that Ethereum is one of the few projects that could survive in the Arena of Smart Contracts. You projected negative results for the EOS and set a target price of 3,6 dollars for the year 2021.
• The Wallet Investor, a website, on the basis of different technical indicators, automated analysis, released a bullish estimate for mid-2020, in the case of the EOS to 7 Dollar could rise.
• The website trading beasts assumes that the EOS-price 2020 56,81 Dollar , while the Italian website previsioni bitcoin him to 68,97 dollars evaluates.

You will see that the forecasts are far apart. It is therefore advisable to monitor the developments in active, if you want to trade with this currency.

What is the conclusion of this EOS-projections?

The future pricing of the EOS remains unpredictable. However, it is assumed that it is positioned as one of the default options for the development of new decentralized applications and the introduction of new Tokens in the “crypto”world. Despite the volatility that has been exposed to EOS, keeps it on CoinMarketCap a permanent place among the ten most popular and most valuable crypto-currencies. With a glance in the past, we can evaluate some of the EOS-rate levels. So we can make an experience-based assumption in relation to the direction of movement, although no one can say with one hundred percent certainty the future of the EOS advance.

Updates to the platform could contribute to the Ecosystem of the new investments. In view of the good start to the year 2020 and a number of innovative technical elements for EOS a good year. However, external factors, and competition will always play a role, to enjoy which is why this evaluation with caution.