EOS is a cryptocurrency that aims to provide a scalable and highly efficient infrastructure for decentralized applications (dApp). Its main advantage is the high transaction speed and the absence of direct fees for users, thanks to a model based on token staking to obtain network resources.
Why buy EOS?
1. Growth potential – #EOS has a current price of about €0.61 with a market capitalization of about 930 million euros. Despite the current downward trend, its potential depends on future developments of the project and adoption by developers and companies .
2. Solid technology – EOS uses a consensus mechanism called Delegated Proof of Stake (DPoS), which allows thousands of transactions to be processed per second, making it one of the most efficient blockchains .
3. Possible upgrades and adoption – Any protocol upgrades and adoption by large companies or institutions could push the price upward. If EOS were to regain momentum, it could reach higher price levels, with some analysts indicating a maximum target of $3 for 2024 .
Are there risks?
• The cryptocurrency market is volatile and the price of EOS has experienced significant fluctuations over time.
• Competition from other blockchains for dApps like Ethereum, Solana, and Avalanche could limit its adoption.
• Regulation and the activity of “whales” (large investors) can influence the price in unpredictable ways .
If you believe in the future of dApps and want to invest in a scalable blockchain with fast transactions, $EOS could be an interesting option. However, it is important to do further research and diversify investments.