EOS is a cryptocurrency and blockchain platform with support for smart contracts for creating decentralized applications. The main competitor for Ethereum (ETH) in creating smart contracts for bringing new cryptocurrencies to the market with the highest transaction speed of 1.5 seconds (versus 6 minutes for Ethereum and 78 minutes for Bitcoin).
EOS USD is a cryptocurrency pair of EOS quotes against the US dollar on the forex market and futures, cryptocurrency, stock, and currency exchanges of the world, meaning how many dollars EOS is worth at this second. For example, if the rate on the chart is 4.82, that means that this is how much (USD) EOS costs today.
What does the EOS USD exchange rate depend on?
Neither news, nor forecasts of their results, and not even rumors on the popular forum bitcointalk.org , affect the EOS/USD rate since the following factors:
- Movements of the dollar and alcoin indices (exclusively available from the NordFX broker). Therefore, when
if the indices move in opposite directions, then either a bullish or bearish trend will form on the currency pair;
if the movement of the indices is one-vector, then a flat will be observed on the EOS/USD exchange rate chart.
- From the capitalization of the cryptocurrency itself: higher capitalization means higher cryptocurrency value.
- From the volume of trading for purchase (Buy) or sale (Sell) on cryptocurrency exchanges, therefore , a strong trend (impulse) for EOS USD comes with an increase in trading volumes (red arrows), and a correction comes with their fall or at least a decrease activity in volumes (blue arrows):
The EOS rate depends little on the rate of the main currency of the crypto market - Bitcoin BTC. This is due to differences in blockchain operating algorithms. Compare charts: EOS and BTC to US dollar:
Where to buy EOS?
Buying EOS for USD on the EXMO exchange is very easy, you just need to follow a few steps:
- Login to EXMO or create an account if you don't have one;
- Go to the “Wallet” section of your personal account;
- Select USD currency and top up your balance;
- Go to the “Trades” page, select EOS/USD in the list of currency pairs;
- Scroll down to “Buy EOS” and “Sell EOS”;
- Select order type: Limit, Market or Stop:
- Use Order if you want to instantly buy or sell EOS at the current market price (currently 1 EOS is 2.91 USD). This order does not require any additional settings.
- A limit order is an order to buy (or sell) EOS at a certain, more favorable price. A buy limit order is executed only at or below the specified maximum price, and a sell limit order is executed only at or above the specified maximum price.
- A stop order is a pending order for automatic purchase or sale operations, which is executed according to previously established restrictions in order to make a profit and (or) minimize possible losses.
- Fill in the “Amount” and “Price” fields (pay attention to the transaction fee).
- Click the “Buy” or “Sell” button.
Easy, right? Now you know that purchasing EOS and exchanging US Dollars for EOS is available to all users. You just need to figure it out a little.
The best indicators for forecasting the EOS USD rate
The real movement of the EOS rate goes from one level of accumulation of market maker orders to the next. In the picture below from the closed forum of the Masterforex-V Academy, this is clearly visible. Also, pay attention to how MF distinguishes between strong and secondary levels.
In addition to this, it is recommended to install FREE proprietary indicators from the Masterforex-V Academy on the charts: AO_ZOTIK (Zotik) and the WPR_VSMARK oscillator. Example:
On the chart, we showed the work of only 4 indicators out of more than 30 proprietary ones, which you can receive during professional training in Forex and the Exchange at the MasterForex-V Academy.
EOS as a cryptocurrency
EOS is a relatively new digital currency. It was launched in July 2022 and during the first five months the EOS rate did not exceed $1. At the end of November, the EOS cryptocurrency began to show sharp growth. And by the end of 2022, the exchange rate of the EOS cryptocurrency to the US dollar was already $8.97. EOS reached its maximum on January 13, 2022, when it crossed the $18 mark during trading. By the spring of 2022, the EOS rate dropped, like all cryptocurrencies. And in April 2022, EOS is trading around $14.
Today, the EOS cryptocurrency is among the TOP 5 cryptocurrencies with a capitalization of 11.4 billion US dollars, ahead of such currencies as Litecoin, Stellar, Monero.
Where is it prohibited to own and trade EOS?
EOS cryptocurrency is completely prohibited in Nepal, Morocco, Iran, Algeria, Nepal . Financial regulators of these countries have introduced a ban on transactions with cryptocurrencies for religious reasons, which, in their opinion, contradict Islam, because the speculative nature of virtual means of payment does not correspond to religious canons.
Partial bans were introduced by the authorities of the Russian Federation, Lebanon, Ecuador, Bangladesh, Indonesia and Iceland , where the purchase and sale of all cryptocurrencies, including EOS, are completely prohibited. The leadership of these states believes that decentralized cryptocurrencies pose a threat to financial stability and the only legal means of payment is the national currency of the country (ruble for the Russian Federation, krona for Iceland, sucre for Ecuador, etc.).
Vietnam and China have banned the use of cryptocurrencies only for their financial institutions (banks, insurance companies, investment funds, hedge funds, trust managers, ETFs), as well as their exchange for fiat money.
Main article of the Masterforex-V wiki - In which countries are cryptocurrencies prohibited?
Countries that have legally allowed EOS for their citizens
Financial regulators in other countries have a completely different attitude towards the new promising market instrument. In these states, governments have already adopted regulations and procedures that make the use of cryptocurrencies possible.
EOS is legally legalized and licensed in the USA (subject to receipt of CFTC licenses and SEC permission by financial institutions using cryptocurrencies), Hong Kong (SFC), Canada (IIROC), Israel (ISA), Switzerland (FINMA), Germany (state regulator BaFin ), South Africa (FSB regulator), Australia (ASIC license), Malta (FSC Mauritius), Singapore (MAS license), Spain (CNMV).
In addition, transactions for the purchase and sale and mining of virtual money are available to residents of Estonia (EFSA), Mauritius (FSC), New Zealand (FSCL), Belize (IFSC), Botswana (Botswana IFSC) and several other countries.
Additionally: In which countries are cryptocurrencies allowed?
TOP 5 facts about EOS that you probably don't know
- The company that owns EOS invests most of the profits received from the sale of tokens into the development of the project. This guarantees stability of support and an increase in the capitalization of the cryptocurrency.
- The key competitor to EOS is the Ethereum platform. When comparing the profitability of two projects, it should be taken into account that the competing cryptocurrency has a lower transaction speed and a higher commission for each operation.
- The EOS cryptocurrency is a project that is quite attractive to investors. The concept of a digital currency includes an innovative system for attracting third-party capital. The potential of the system is distributed among network users, the main criterion being the number of available EOS tokens.
- Additionally, token holders are provided with bonuses. They have the right to charge fees for transactions within the system, access blockchain storage and applications developed within the system and their users. In addition, owners can influence the management of the system, receive dividends and airdrops (existing within the cryptocurrency system).
- Specialists from the investment fund Multicoin Capital determined that during the first year of selling tokens in small batches, the developers managed to attract more than $2 billion to the project. Experts consider the high income of the development team to be potentially dangerous, since the authors may lose interest in the project, which is why the cryptocurrency currency unit will not be able to independently function and develop.
EOS as a platform
The EOS platform is similar to Ethereum in that it uses blockchain and associated smart contracts and native currencies to create a decentralized ecosystem for application development.
However, EOS plans to differ from Ethereum in terms of speed. Its developers claimed to process up to 50,000 transactions per second, which is much more than the most popular blockchains provide.
EOS as a platform has several distinctive features:
Parallel Processing: The ability to do things in parallel, speed up transfer speeds and increase scalability.
Decentralized operating system: Developers can create applications on EOS. Ownership of EOS coins is a claim on server resources. A developer must own EOS coins to use EOS. Developers will not spend coins to use server resources, they just need to prove that they have them.
This operating system will be hosted on servers (data centers), which in turn will also be block producers. Block rewards in EOS are an incentive for these servers to host EOS applications.
Applications running on this decentralized OS will be able to interact with each other.
Applications use common functions such as user/password, user interfaces, database management. This means that applications can share infrastructure or libraries that make development faster, more reliable and less technical. For example, applications will have their own secure database and file space in EOS.
Where do you usually buy EOS?
- on cryptocurrency exchanges , the most popular of which are Binance, official website binance.com/ru;
- DigiFinex - bytwork.com;
- OKEx - okex.com/lang/ru-RU/;
- Huobi Global - hbg.com/ru-ru/;
- CoinBene - coinbene.com;
- DOBI Exchange - dobitrade.com/en/;
- OEX ($1.189 billion) - OEX com;
Initial Coin Offering from EOS
EOS Tokens are ERC-20 tokens distributed on the Ethereum blockchain in accordance with the corresponding ERC-20 smart contract (“EOS Tokens”).
EOS Tokens have no rights, uses, purposes, attributes, functionality or features, express or implied, including, without limitation, any uses, purposes, attributes, functionality or features of the EOS Platform.
The duration of the ICO is one year. 200,000,000 was distributed over a 5-day period for $185 million in ETH equivalent, starting June 26, 2022 at 13:00 UTC and ending July 1, 2022 at 12:59:59 UTC.
700,000,000 seven hundred million - divided evenly into 350 consecutive 23-hour periods of 2,000,000 EOS tokens for each period. The first period began on July 1, 2022 at 13:00:00 UTC. 100,000,000 one hundred million - reserved for block.one and cannot be sold or transferred on the Ethereum network. The total amount of tokens is 1 billion. Although the company claims a possible 5% inflation in the future. It is also stated that there will be no mining.
To participate in the purchase of EOS tokens, you will need an Ethereum-compatible wallet or app. Do not send Ether (“ETH”) directly from cryptocurrency exchanges, only ETH-compatible wallets.
Where do EOS/USD traders and investors trade?
To begin with, it should be recalled that EOS USD is not the EOS cryptocurrency itself , but a cryptocurrency pair that allows you to trade this virtual currency based on its growth or fall against the US dollar in the short or long term.
Trading on EOSUSD is carried out
- on crypto exchanges;
- from Forex brokers . The popularity of this method of trading EOS/USD is explained by a number of important advantages, including
- 100% liquidity provided by market makers. By working with a broker, you can close a deal at any convenient time. Crypto exchanges, where the sale of EOS virtual money goes directly to the buyer, which is why the transaction can take a long time;
- the use of leverage, which gives traders the opportunity to trade a significantly larger amount of EOS and, accordingly, receive a more impressive profit (or loss) than on a traditional crypto exchange;
- availability of PAMM accounts. Investors can give their funds to traders who show good trading results. Crypto exchanges do not have such a function.
EOS to US Dollar exchange service created for your convenience.
EXMO is a reliable cryptocurrency exchange with a high level of security of funds and data and the fastest technical support that responds within 15 minutes 24/7. Taking care of the client is the main priority of the EXMO team.
The EXMO platform, where you can exchange EOS for USD, was founded in 2013 and has offices in London, Kyiv, Istanbul and Moscow. EXMO is one of the largest exchanges in Europe in terms of traffic, EOS trading volume and liquidity.
The platform's easy-to-use interface will be convenient for both beginners and professional traders. The platform uses TradingView charts , which contain all the tools and data a trader needs for technical analysis when trading EOS or US Dollar.
Log in to the platform, buy/sell EOS and store EOS in the EXMO multi-currency wallet.
Secrets of successful trading with EOS USD
Many years of experience of millions of traders from around the world shows that working only on EOS USD, or any other pair, cannot bring significant profit to traders and investors when trading on the market. The reason is actually simple. The fact is that in any financial market, including the cryptocurrency segment, the Pareto 20/80 law applies. This law states that only 20% of all movements of any financial instrument occur during a strong trend, which as a result brings traders up to 80% of the total profit for the trader. At the same time, the remaining 80% of the time the EOS USD pair (as well as any other fiat or digital currencies) is traded within a complex flat.
Taking this basic rule into account, Masterforex Academy traders - V prefer to work not with ONE specific market or instrument, but with different ones - cryptocurrencies, Forex currency pairs, commodity futures (oil, etc.), stock indices, etc. For traders planning to achieve high profits, what is important is not any specific market segment or financial instrument, but the presence of a strong trend in the chosen direction. In one month the trend may be in the euro franc, in another – in stocks or cryptocurrencies, then – in stock market indices, etc. and so on.
This means that only work in DIFFERENT markets and instruments can bring constant high earnings, up to 300%-700% over several years. This rule is confirmed by statistics from Rebate, an autocopy service pro-rebate.com. In fact, even under successful circumstances, passive investing in stocks, ETFs or EOS funds will not provide similar returns for investors.
Verified brokers for trading on the EOS USD market
In the vast majority of cases, the optimal conditions for profitable trading are created by brokerage companies that occupy high positions in independent ratings. The TOP 13 verified brokers of the Masterforex-V Academy who provide for trading have the necessary tools for making a profit on VARIOUS markets, including cryptocurrency
- BTC, NEO, ETH, ZEC, IOT, BTG, ETC, XPR, EMR, LTC, OMG, EOS, DSH, etc.
- currency pair quotes – NZD CHF, NOK CHF, GBP NOK, USD CNY, CNY RUB, EUR AUD, GBP UAN, USD SEK, EUR UAN, EUR USD, SEK RUB, EUR RUB, NOK RUB, GBP USD, GBP RUB, GBP AUD, NOK JPY, EUR JPY, USD ZAR, USD JPY, SGD UAN, USD CHF, USD SGD, AUD USD, CAD CNY, USD CAD, CFD RUB, NZD USD, AUD SGD, USD RUB, EUR NOK, GBP BYN, USD UAH, CAD NOK, USD BYN, USD NOK, NOK BYN, EUR CHF, NOK CHF, EUR GBP, AUR NOK, EUR NZD, EUR CAD, NZD SGD, EUR SEK, EUR BYN, GBP CHF, GBP CAD, CHF UAN , GBP NZD, GBP JPY, NOK JPY, GBP SEK, etc.;
- stock indices - S&P 500, S&P/TSX 60, Dow Jones 30, SMI 20, DAX 30, SSE 50, RTS, BSE, HSI, IGBM, NIKKEI 225, OBX-25, FTSE 100, S&P/ASX 200, TA-35 , TecDAX, WIG, Euro Stoxx 50, JTOPI, S&P/NZX 50, NASDAQ-100, SET, TASI;
- CFDs of silver, oil, copper, gold and other commodity exchange instruments.
These are forex brokers NordFx, Swissquote Bank SA, Saxo Bank, FXPro, Finam, FIBO Group, FOREX.com, OANDA, Alpari, Interactive Brokers, FXCM, Dukascopy, FortFS.
The reserve (2nd league) of Forex brokers consists of companies that are quite popular on the Internet and have a huge number of complaints from Masterforex-V traders. These are TeleTrade, RoboForex, EXNESS, Forex Club, NPBFX (Nefteprombank), FreshForex, Grand Capital, eToro, TurboForex, InstaForex, FreshForex, FXTM (ForexTime), Forex4you, AMarkets, Admiral Markets, FinmaxFX, FXOpen, XM.com, GKFX, E-XUN Asia, MaxiMarkets, Larson&Holz, Weltrade, etc.
The material was prepared by the Masterforex-V wiki and our Masterforex-V school and professional training courses.
