EOS vs. Ethereum: Which One Should You Invest More?
There are several cryptocurrencies in the market, and each has a unique selling proposition which makes it stand out from the rest. Every platform wants to outperform the other in terms of what they have to offer, and the Ethereum and EOS platform are not different as the competition between them is very fierce.
Ethereum needs no introduction in the cryptocurrency community as it’s the closest rival to Bitcoin, and the platform was the first to offer smart contracts. Ethereum and its token have gained wide acceptance and has increased in popularity over the years due to this unique feature.
Thanks to this, Ethereum is regarded as the 2nd generation of Blockchain tech. EOS is relatively new to the market as it was launched some few years back, but to the surprise of many, the platform has also carved a niche for itself and is looking to usurp Ethereum in the near future.
What does the future hold for these two cryptocurrencies?
Things to know before you invest in Ethereum or EOS
One thing that’s certain in the crypto verse is that nobody knows what the future holds. But it’s possible to determine the possibility for a platform to grow.
In 2017, Ethereum was the only platform that offered smart contracts and several ICO’s launched their platforms on Ethereum’s Blockchain. The tokens created on this Ethereum’s blockchain are still functioning till date with a powerful community backing it.
This move went a long way to ensure price stability for Ethereum and some organizations like Uber and Airbnb have built some Dapps on Ethereum’s test net while others are planning to follow suit.
Some people believe the team behind the project have a huge announcement to make soon as they’ve earmarked a princely sum of $1 billion for marketing purposes only. Some believe they’re waiting to see a strong bullish trend in the crypto market before they make their announcement and to kick start the promotion of their network.
Currently, the price of Ethereum hovers within the region of $228 to 1 ETH while it’s competitor EOS is within the region of $4 USD to 1 ETH. Ethereum is currently the 2 cryptocurrency on the list of top 10 crypto’s according to market capitalization while EOS stands at the 5th position.
EOS has a huge task on its hands in their quest to beat Ethereum by offering better services that would lure developers to their platform. From the look of things, EOS might just pull this off as the technical specifications of EOS is quite better than what Ethereum offers but the adoption of the crypto is not as high as Ethereum.
For some, Ethereum is considered as the 2nd generation of Blockchain and it comes with an extra use case which is the smart contract. Ethereum successfully solved the scalability issues that plagued Bitcoin but surprisingly, technology is evolving at a rapid pace and EOS took advantage of that.
The EOS blockchain on the other hand is easier to own as a resource for prospective developers and project planners as they can predict what a project will cost which Ethereum does not offer.
After Bitcoin, Ethereum is the 2nd most trusted platform, while EOS is still new with a growing community backing it, they still have a lot to prove but from the little they’ve being able to achieve within such a short period of time, it seems they can dethrone Ethereum if they do not veer off course. So I’ll put my stake on EOS, because they’re on course to achieve something that’s not easy for newbies to achieve
Price Prediction of Ethereum and EOS
The growth of EOS this year has been impressive as it peaked at $8 rising from a shocking $2. From the look of things, it may get to double digits as the year progresses if the bullish trend in the crypto market continues, so EOS is likely to end on a high this year. On the other hand, Ethereum is not lagging far behind as it’s also riding the bullish wave that BTC is enjoying as it crossed the $300 threshold last month but has now dropped to $228 rising from $150 at the start of the year.
With this information in mind, the next question is where to buy these cryptos for prospective clients who may wish to hold or trade them. Coincola OTC Bitcoin trading platform is the perfect place for people who may want to start their foray into the crypto world. On Coincola, users can buy EOS, ETH, Bitcoin, and several other cryptos with several currencies like the US dollar, the British Pound, Euro, and several other supported currencies. That’s not all, they also support buying and exchanging of crypto with gift cards like iTunes gift cards, Amazon gift cards and lots more.
The ‘EOS Trading Zone’ on CoinCola
Their interface is easy to use and anyone can buy ETH or EOS and start trading in minutes. For those who wish to just hold their assets, they can rest assured that Coincola has world-class security that ensures hackers or anyone with malicious intent do not have access to their assets or data.
Disclosure: This is a sponsored article
Image(s): Shutterstock.com
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Guest, Khareem Sudlow