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A simple explanation of what is EOS

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If you are looking for a forecast of the prices of EOS parts for the year 2020, then you have come to the right place. This blog post describes the current price of the EOS, the performance in the world of crypto money and the potential of the currency. But first of all: What’s the EOS?

EOS is a set of decentralised IT systems that extends the possibilities for the development and use of decentralised applications. The block chain system strongly resembles the way Ethereum works and focuses mainly on smart contracts and works faster than Ethereum.

The EOS platform is the idea of Daniel Larimer, whose dream it was to create a platform that offers security, scalability and speed. EOS tries to fill the gaps in the existing solutions on the market. For example, EOS can process thousands of transactions per second, which is an improvement over the 15 ethereal transactions per second.

EOS is also cheaper in terms of service costs. Moreover, this brand is cheaper than ETH and the costs of developing and hosting decentralized applications on the EOS platform are also part of what Ethereum charges. Affordable prices enable small businesses to grow without going bankrupt.

In June 2017, Dan published the EOS white book, which immediately caused a sensation among investors. Today, EOS is the company that breaks the record for the largest amount of capital ever raised, $4 billion. Many showed their interest well in advance of the start of the EOS project, which allowed the project to get off to a smooth start.

A set of distributed computing systems allows users to lease bandwidth to develop, host and scale distributed applications on a block schema. To access the platform, users must buy and own an EOS token, which is a block string platform with a crypto-currency.

Since its inception in the world of crypto money, EOS has attracted the attention of many investors. Its price has been under surveillance for a long time, because many believe that one day EOS will surpass its ethereal content. Here you will find a more detailed overview of the performance and investment opportunities of EOS.

EOS is a good investment

At the time of writing, EOS has a market capitalization of $2,423,642,710 and more than 936,000,000 chips in circulation. In terms of market capitalisation, EOS is currently ranked 14th and crypto-money experts expect EOS to progress even faster in the assessment table.

Since its creation, EOS has remained profitable for its investors. Currently the price of the EOS unit is about $2.59 USD. Although the current price is only a shadow of the $22 peak that the currency reached in April 2018, the cryptobag is still working well and the first investors have a return in excess of 200%.

EOS therefore remains an excellent investment opportunity. Decentralised applications and funding have great potential worldwide and SNA is leading the decentralisation process. As more and more sectors move towards decentralisation, EOS will become more dominant and its value will undoubtedly increase. There has never been a better time than now to invest in EOS.

EOS price analysis andprice potential

In order to prepare our EOS price forecast, we first need to analyse the current price of EOS in 2020.

As mentioned above, the selling price of EOS is now $2.66, which means that the value has decreased by more than 30% since February, when the price was $4.4. The EOS currency had its best days before peaking at $22.89 in April 2018, when most other cryptographic currencies were halfway through. From a peak of $22, the EOS fell to $4 by the end of 2018, until it gradually began to rise again.

The year 2019 was characterised by small price increases and decreases. The price picture is in balance for most of 2019, and the largest drop or rise in the EOS price was only $2.

By February 2020, the EOS price had reached $4.4, which remains the best price of the year. Then the price began to drop when the coronavirus plunged the world into chaos, and now stands at $2.66.

How much will the EOScost?

Many cryptography experts offer their price forecasts for EOS, most of which expect the price of the token to rise. In the meantime, the Trade Beasts predict that the price of EOS will exceed $3 by the end of 2020.

A common trend in most online forecasts is the increase in the price of EOS coins per unit. The experts have sufficient confidence in EOS and that is no surprise.

The EOS platform is a platform for decentralized applications and it will become increasingly dominant in the coming years. There are currently more than 400 applications running in EOS, but the number is increasing every day. Such an increase in popularity goes hand in hand with the growing demand for EOS coins and the resulting increase in prices.

It is therefore not surprising that the price of EOS will reach new heights in a few years time. If you are looking for a currency with a large investment potential before it explodes, the EOS should be on your radar.

The currency has stability in the market, a normal growth curve, and although volatility is always a concern, the risk of a sudden slowdown is minimal. As a major digital migration is already underway, this is the only way forward for EOS. If you have money available, consider investing in EOS and wait patiently for the price to improve.

Conclusion

As EOS is still in its infancy, it has great potential and is a good investment for 2020. If you want to exchange another cryptographer for EOS, sign up for Godex Exchange and receive EOS at the best price without registering on the platform. Exchange EOS and 200 other coins anonymously on the Crypto-Echange Godex.

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