If you’re reading this at the time of publication, the price of EOS is in the toilet. The same can be said for just about every other cryptocurrency in the market. Cryptocurrency investors have known price crashes in the past, only to see prices surpass previous highs later on.
Of course, no one can truly predict how crypto prices are going to change in the future. Some fear that this latest bear market is the end for blockchain technology. Again, we can’t prove that this perspective is wrong but, obviously, we believe that crypto’s golden age is still ahead.
Even as there are those proclaiming that EOS is doomed and headed to 0, we’re going to cover other perspectives that reflect our recognition that this new technology is still remarkable and valuable. With this in mind, let’s take a look at three potential price pathways for EOS in the coming months and years.
Option 1: 1 EOS = $343.43
Let’s start with the optimistic perspective. Projecting future value for any asset is difficult; for digital assets, it’s even more problematic. What was the world’s largest ICO is, among other things, a massively powerful decentralized computer network. To what modern company can this be compared? Google provides endless services but their processing power is centralized. For our purposes, let’s compare EOS to a company like VISA.
At the time of this writing, EOS’s market cap is about $3.9 billion or about 1/80 of VISA’s market cap. $3.9bn is a princely sum for a brand new technology but very little for an established international corporation. EOS is not a corporation but let’s imagine that it goes on to become as widely used and successful as VISA.
EOS as an internationally known technology system with the same market cap as VISA would lift the price of each EOS token to $343.43. If EOS were to rise to the value of a Google or Apple, that value might be tripled. It’s silly to compare EOS to Apple at this point in time because, let’s face it, EOS is a minnow in Apple’s ocean.
But let’s not forget that, for more than a decade, a share of Apple could be had for less than $1. This projection is certainly a best-case scenario but, if EOS does become a new world standard technology, this price could very well be met and exceeded.
Option 2: 1 EOS = up to $91
How much would one EOS be worth if EOS had the present market cap of Bitcoin? About $91. This could occur one of two ways. In one scenario, Bitcoin starts to fade. Other coins that serve both as currencies and technology platforms could become the new market favorite. A mature EOS could supplant Bitcoin as #1.
In another scenario, another bull run carries Bitcoin to new heights. Crypto total market cap exceeds $1 trillion. EOS stays at #6 but has a market cap equal to Bitcoin’s from August 15, 2018. In another scenario, EOS grows to the present market cap of Ethereum. Of all options so far discussed, these are the most likely. Something like this could occur by the end of the year. EOS’s rise could also be delayed by many months if the crypto market is sluggish to recover.
Options 3: 1 EOS = $150
Perhaps the most likely optimistic scenario for the medium term is that the crypto market gradually recovers. In this future, EOS demonstrates that it’s tremendously useful in the real world. It makes significant partnerships and becomes a real player in the global technology landscape.
At $150, EOS’s market cap would have risen to Ethereum’s highest-ever market cap level, achieved late in 2017. We already know that a smart contract platform can accomplish this feat and EOS is one of a small handful of major contenders for the smart contract crown.
If EOS manages to elevate its status to this level in the coming months, we predict that it will still face sharp competition from competitor smart contract protocols like Ethereum, NEO, Elastos, ICON, and others. Early 2019 would be too early for EOS to truly set itself apart from these qualified platforms. Given more years and a lot of good news for EOS, we could see this price level evolving into something more like what we were talking about in option #1.
No one knows what will actually happen. There’s always the chance that price increases could be more modest or that our crypto fascination is a mass delusion and prices will never recover. We don’t think that’s what’s going on, however. If crypto prices bounce back and beyond previous all-time highs, there is a good chance that we’ll hit prices like the ones we’re talking about above. Will this take months, years, a decade or more? There’s no way to tell but, if you remain an EOS price optimist, you’re certainly not alone.
*Information in this article should not be taken as investment advice.
The post EOS Price: 3 Predictions for 2018 and Beyond appeared first on The independent republic.
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