EOS is a smart contracts and decentralized applications (dApps) blockchain platform whose mainnet launched in 2018. EOS has a native cryptocurrency unit and the team behind it (Block.one), raised over $4 billion in a token sale that lasted a full year between 2017 and 2018.
Currently, the network is said to handle millions of transactions per second. Users on the EOS platform also pay zero fees for EOS transactions.
EOS is a top 10 cryptocurrency, currently ranked 8th by market capitalization. The value of EOS at the time of writing is 264% higher than when it first traded on July 1, 2018.
7 Days Change
Buy EOS at various cryptocurrency exchanges, brokers and over-the-counter desks located all over the globe. A good platform will give you access to EOS price live charts, historical price performance and trading volume among other vital pieces of information. When choosing where to buy EOS, it is advisable to find a regulated and reliable platform to avoid falling victim to nefarious actors strung all across the internet.
After almost two years of trade tensions, the U.S. and China signed the first phase of a trade deal. A thawing of tensions seemed to come at the right time for the markets.
But a month earlier, (December 2019), China diagnosed its first case of the virus coronavirus. By mid-January 2020, over 2000 cases had been identified with a death toll rising to over 80 people. Anxiety gripped the stock markets, and investors were concerned about the impact caused by the spread of this deadly virus. On January 27, prices of gold went up, while oil and major stock indices slipped.
In cryptocurrency, Bitcoin prices dipped in the first two weeks of the outbreak. But prices picked up and by January 27, top cryptocurrencies all traded in the green. Most altcoins traded double digits on the 7-day charts. EOS price in the week leading up to January 31 was over 12% and more than 52% since December.
Cryptocurrencies are quickly becoming top investment assets, with investors keen to cash in on the rapid price gains. EOS provides such an opportunity. But here we look at how EOS compares with the Pound (GBP), Swiss franc (CHF) and cryptocurrency TRON (TRX).
According to EOS price live charts today (Jan 27th, 2020), the current value of EOS in GBP is £2.88. The cryptocurrency has gained 4.56% within 24 hours, touching a high of £2.99. The current EOS price versus the U.K national currency over the past 30 days and 1 year is +42% and +53.7% respectively.
Comparatively, GBP/USD dropped below 1.20 in September 2019 only to jump 12% over December. However, Brexit, interest rate cuts and China’s virus situation has seen the pair lose value once more.
In 2020, the Sterling has slipped 2.2% against the U.S. Dollar. Today, the Pound has touched a high of 1.3097 and a low of 1.305 but remains bearish near and medium term.
EOS is a top 10 cryptocurrency, whose blockchain architecture focuses on scalability to allow for the mass adoption of decentralized applications. The Swiss franc (CHF), on the other hand, is one of the safe-haven currencies in the fiat market.
EOS price charts show that the value of EOS in Swiss francs (CHF) is Fr. 3.83 at the time of writing. That means that you need 3.8 CHF to buy one EOS token. EOS price is +9.45% against the Swiss currency. Currently, the USD/CHF pair is trading at 0.96924, -0.19% in the past 24 hours (Jan 27th, 2020). Over the past 30 days, the value of EOS in CHF has increased by 49%. Over the last 52 weeks, it’s up 60%. Long-term, holding EOS might be more profitable given key market indicators are flashing bullish signals for cryptocurrencies.
Tron (TRX) and EOS (EOS) are both new blockchain platforms that offer smart contracts and dApps functionality. Both cryptocurrencies launched their main networks (mainnet) in 2018 and have quickly grown to become the top 20 cryptocurrencies. EOS raised a massive $4 billion in its ICO while TRON sold tokens worth $70 million.
Both cryptocurrencies aim at competing with or even overtaking Ethereum, the second-largest cryptocurrency on the market. It’s not easy to say which platform will be more successful as they both are still under development. However, in terms of market and price movement, both coins have a high potential to rally to new heights.
At the time of writing, TRX trades at $0.90 and has gained over 27% in the past 30 days. EOS currently trades at $9.66 and is up 53% over the past one month. Price predictions for both cryptocurrencies are bullish near-term; with a crypto market bull run very likely on the horizon.
Why would one consider buying EOS in 2020? EOS price history shows that the cryptocurrency has gained more than 260% since it first traded in 2017. Also, EOS price predictions for 2020 suggest the crypto is primed to surpass its all-time high price.
EOS still has issues to resolve as it looks to attract more dApps developers and users. However, EOS future price and valuation could rise significantly given that many companies are now looking at the EOS platform to build their decentralized applications. Strong fundamental signals are likely to drive EOS prices higher. Just as well, experts have widely tipped the crypto market for an uptick as indicators flash bullish and sentiment in 2020 moves north.
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