Earlier in the year, EOS token prices rallied and went ahead to peak in May – setting its third-highest price yet. During this period, the EOS daily trading volumes soared from just a few hundred million to posting transactions valued well over $2 Billion daily – even in the current dip. Moreover, experts believe that EOS will rise again and that the sooner the crypto market recovers, the sooner it will resume the early 2021 price rally. So, is EOS a good investment in 2-21? Yes, all these statistics point to the fact that EOS is still a good crypto investment in 2021.
What is EOS?
EOS is highly decentralized blockchain technology that provides users with a platform on which they can build and successfully launch decentralized apps and smart contract-capable protocols. In most ways, it works as Ethereum and most of the “Ethereum killers” set up to challenge Ethereum’s dominance in the smart contract space.
But EOS is designed to provide blockchain developers with more than is currently being offered by Ethereum and some of its fiercest competitors. It has the goal of maxing network scalability and making the EOS network easier to use than all other smart contract-capable blockchains. To achieve this, EOS has made its platform as easy to interact with as possible. It has then provided developers with the widest range of free tools and readily accessible educational resources that help them build and successfully launch highly functional DApps and protocols in the shortest time possible.
What Really Makes the EOS Blockchain Success?
Scalable and inexpensive: EOS is also popular because it is more scalable than the Ethereum blockchain and maintains incredibly transaction-processing fees. This has helped it eat into Ethereum’s market share as the latter drags its feet over plans to broaden its scalability with the shift from Proof-of-Work to Proof-of-Stake consensus mechanism and the launch of Ethereum 2.0.
Good investment: The level of influence that speculative investors have on crypto coins and entire blockchain projects is unfathomable. But it manifested clearly with Dogecoin’s 2021 price rally. A significant portion of EOS’ popularity can, therefore, be said to be speculative investor-induced. Its overall uptrending price movement has attracted long-term investors, while its volatile price action has wooed day and short-term traders who have helped spread the word about the altcoin.
It appeals to developers: EOS has the ease of use of its blockchain and appeal to developers as one of its biggest selling points. It has constantly drawn in numerous developers who have created and successfully launched helpful DApps whose popularity, ease of use, and sophistication has, in turn, helped bring in more users and other developers.
Should You Buy EOS (EOS)?
You should consider investing in EOS token because it has an overall positive ROI, has the backing of promising blockchain technology, and every indicator points to the fact that its prices will continue rising in the future.
With a listing price of around $2.7, EOS has repeatedly proved that it has everything it takes to escape the low prices level and score its investor’s massive gains. It has even climbed as high as $22, and were it for the sudden and unexpected market crash, some analysts had expected it to break above this all-time high by the end of this year.
Why You Should Buy EOS (EOS)?
1. EOS prices could rise again
EOS prices have always fought to escape price dips. It has fallen well below its listing price countless times and has always rebounded. This and the promise of its blockchain technology has the market convinced that it will always be uptrending.
2. Generate double income through staking
EOS can be staked both on the EOS network to validate crypto transactions and on some DeFi protocols. This presents you with the chance of earning doubly – from the token’s value appreciation and staking rewards.
3. Overall positive ROI
EOS has a net-positive return on investment (ROI), and all indicators point to the fact that its token prices will continue rising, which effectively makes it one of the best investments out there.
Risks Associated with EOS (EOS) Investment
- ETH 2.0 upgrade: EOS, like the rest of the Ethereum killers, can trace its origin and acceptability in the crypto industry to Ethereum’s rigidity. But now, there are signs that the more scalable ETH 2.0 network is coming. It is expected to reclaim much of its lost market share – which means loss of market for EOS.
- Stiff competition: EOS is also facing fierce competition from newer, more scalable, and more innovative smart contract-capable blockchains like Polkadot, Cardano, Polygon, Solana, and Chainlink.
Final Words
Well, YES. Despite the fact that EOS token prices are currently circling, the dip future of EOS is seemingly bright, and crypto analysts expect the EOS altcoin prices to rise again. The coin will face fierce competition from Ethereum and supposed Ethereum killers, but history has shown us that EOS is a resilient crypto asset as it has always risen above each crisis, and that’s how it managed to sustain an uptrending ROI.
