Should I buy EOS in 2021?
Yes, you should buy EOS in 2021.
There's a lot of expectation with EOS.
A lot of analysts believe it is a great investment regardless of how it has remained pretty dull in the midst of price fluctuations in 2021.
This year, EOS hit its ATH in May at $12 and while a far cry from its 2018 ATH, it was still a huge outcome for the token.
But ultimately yes, you should buy EOS because it's a project that is constantly being developed and has partnerships with high-end tech and financial firms who believe in its future.
EOS has a Bullish future
Prices went up early this year, thanks to Block.one's announcement that they've secured $10 billion to begin expanding into their own cryptocurrency exchange called Bullish.
This new project is viewed with so much hope for EOS.
The fusion of both decentralised and centralised exchange perks is something not only EOS investors, but the wider crypto community can't wait to see unfold.
An exciting project, offering EOS a potentially bright future.
More incentives
As we're sure you no doubt know just by being here on Hive, the crypto market is highly competitive.
To stay afloat, you need to keep moving.
And to keep moving, you need to keep getting better or you WILL get left behind.
Block.one knows this and that's why they are working on improved incentives for users who stake the EOS token.
In today's crypto landscape, both new and loyal investors need invectives to hold onto the token.
Block.one understand this better than anyone.
Growth is substantial and organic
Asides from its early ATH in May 2018, EOS has seen some substantial growth every year.
Although some analysts think the movement has been slow, its standing history makes it one token to always keep an eye on.
Positive analysis from different analysts
Almost every analysis of EOS points upwards.
While it's obvious that some external factors have to be considered along the way, a lot can not be predicted based on EOS history alone.
Not to mention the fact that EOS price movements are still somewhat pegged to the movement of BTC.
However, if EOS could at some point live up to its expectation of independence, the market is going to respond.
Its competition with Ethereum is the most interesting aspect for me.
Although EOS and Ethereum have the obvious difference where EOS runs on DPOS and ETH runs on POS, EOS has been able to solve several issues with scalability and transaction speed that Ethereum still battles.
EOS also thrives to reduce transaction fees and has recently developed a PowerUp model where transactions can take place in 24 hours with just a single transaction fee payment.
How cool is that!
Final verdict on buying EOS?
Yes, once again you should consider buying EOS in 2021 as either a long or short-term hold.
However, pay attention to the price history and analysis before you do.
Timing is everything.
Different analysts have different expectations around the price of EOS, but what the majority have in common is an expectation of positive bullish momentum.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not share a chart or leave a comment with your opinion on whether you should buy EOS in 2021. All comments that add something to the discussion will be upvoted.
This EOS blog is exclusive to leofinance.io.
Posted Using LeoFinance Beta
Thank you for the post!
I am hodling.
I agree with this assessment. I think a lot of people hate on EOS, but it is mostly because they don't like Block One. If you take Block One out of the equation, it is still a decent, cheap, stable, fast chain. I really love the EOSIO system as a whole. It gave us WAX after all and WAX is just about the best next to Hive.
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Before I started looking into EOS for this guide, I actually never realised that WAX was an EOSIO chain.
You're right, as probably the premier chain for NFTs, WAX is a huge success story on its own.
I do wonder what will happen with Block.one though.
As they just have slow, apathetic leaders rather than an alien invasion like we had with Justin Sun, I question whether the community will actually stand up.
Can you see Block.one making a move to force their hand in the same way Ned selling Steemit Inc forced ours?
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I don't think so. They have already started the process of taking a step back from what I heard. I think they have zero interest in owning a chain. Too bad they also don't seem to have interest in developing on the chain.
Timing is very important in buying assets, eos is still one the best coin out there and not bad in having a few in your bag
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I never really looked into EOS much but I do know WAX was forked off EOS. So in a way, I think there are strong suits for the chain and it does show some promise. I do wonder if WAX itself is a good enough hedge to take part of any EOS development.
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The problem with EOS was the toxicity in the community, and everyone relying on block.one to do everything. Or not starting projects themselves because they were worried block.one would make a better one with the billions they raised in the crowdsale. Telos and WAX - both based on EOSIO, built a strong foundation and left everything else up to the community, and that fostered creativity and positive vibes.
Ah Telos is another EOSIO blockchain!
Something I didn't realise until I started writing content for this EOS guide.
I asked this question in a comment above, but I'm interested to get your opinion on the matter too.
As the EOS community seems to to just be faced with slow, apathetic leaders rather than an alien invasion like we had with Justin Sun, do you think the community will ever truly revolt?
Can you see Block.one making a move to force their hand in the same way Ned selling Steemit Inc forced ours?
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It's hard for a project to recover after the community has become pessimistic. There are some strong projects on EOS like Blankos and Chintai, so I would say it's worth holding onto EOS if you have some, in case one of them brings EOS back into the spotlight. But overall I've always felt more positive vibes coming from the WAX/Telos communities.
whats the staking process like on eos? I have a little stash of it, but havnt yet gone over there to get involved
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The Staking Process on EOS
Honestly...
For me, the staking process on EOS is about as fun as ripping out teeth.
In order to interact with the network, you need to have some EOS staked.
This means even if you want to just send EOS from an EOS wallet to and exchange in order to sell, you need to have stake.
I used Anchor Wallet of which this EOS explainer talks about.
I'm not a tech guy and I still don't really understand the process, but I did get it working with Anchor.
Good luck!
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haha ouch.
I think i'll give it a miss for now.
The pulling of teeth requires a certain degree of courage and determination that I only seem to possess on very special occasions. I pray for these moments :p
thanks for the warning x