With Bitcoin hitting new ceilings these days, more and more crypto projects get in the focus of the investors and special attention is paid to projects with perspective technologies behind them. EOS is one of such technological projects. In this small review, we’ll discuss what is EOS and how long does it take to convert it to other cryptos, especially BTC.
What Is EOS And why It’s A Worthy Investment?
EOS is built on Etherium and its main purpose to overcome some of the problems of the blockchain, related to its flexibility and technological development. The goal of EOS.io is rather straightforward — to make it easy for builders or programmers to work with D Apps utilizing blockchain technology. You can think of the EOS.io as Windows operational system, whilst the EOS money represents a stake in the network and makes it viable for users to work with their programs.
Developers on EOS equip the platform with various educational resources and simple UI to make it favorable for many users. EOS also works on the extension of blockchain technologies to different corporate infrastructure.
To summarize all the above, EOS is one of the revolutionary crypto projects due to several reasons:
- Improves the scalability of the blockchain plus makes it speedier
- Works both in public and private networks and is customizable for business needs
- Provides user-friendly experience
A lot of investors look for such a solution and the role of EOS is to meet their requirements.
How To Trade EOS For Other Cryptos And When To Do It?
You have to understand that buying EOS is not as easy as for any other cryptocurrencies because you can’t purchase it directly with fiat money. The first step is to buy Etherium and only at the next step exchange it for EOS. Once you’ve got your EOS you can either store it in your crypto wallet or trade at the crypto exchange. If you’re a trader and want to make a profit on EOS you’re likely to sell it during the spikes and buy when it’s low in price.
As long as Bitcoin will guide the bullish market, it is not likely that EOS price will ever go up. It means that it’s probably not the best moment for selling eos. It’s worth waiting until the period when Bitcoin reaches its peak and the time for eos will come. Until that moment you can keep money in bitcoin. In most cases, the money flows from bitcoin to altcoin when it demonstrates impressive growth and eos is likely to be among bluechip coins that will follow this trend.
Different Investment Scenarios And EOS Price Predictions
From the other side, if you are an experienced trader you can speculate on the btc fluctuations these days and convert eos to btc once the exchange rate is favorable. You can do this at any crypto exchange you prefer. When the market is so volatile as these days it’s really hard to predict eos price. The most likely scenario is that eos will go through several price hikes being followed by a much longer period of price stability with limited trading volumes.
In the long term period, nobody knows whether eos will survive the market competition as many new projects appear, but it’s quite possible that you can gain your profits if you keep an eye on its price in 2021. EOS will likely follow the existing crypto rally, but once it gets to an end the price drop is inevitable. Therefore, do not miss the opportunity and consider the latest expert predictions and technical analysis to make the right trading decisions.