- Bullish EIGEN price prediction for 2024 is $4.350 to $5.260.
- EigenLayer (EIGEN) price might reach $5 soon.
- Bearish EIGEN price prediction for 2024 is $3.071.
EigenLayer (EIGEN) price prediction 2024, 2025-2030, we will analyze the price patterns of EIGEN by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
EIGENLAYER (EIGEN) PRICE PREDICTION 2024 |
|
| EIGENLAYER (EIGEN) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
EigenLayer (EIGEN) Current Market Status
| Current Price | $3.70 | 24 – Hour Price Change | 9.62% Down |
| 24 – Hour Trading Volume | $291,998,691 |
| Market Cap | $689,786,540 |
| Circulating Supply | 186,582,000 EIGEN | All – Time High | $4.53 (On Oct 01, 2024) |
| All – Time Low | $3.06 (On Oct 06, 2024) |
(Source: CoinMarketCap)
What is EigenLayer (EIGEN)?
| TICKER | EIGEN |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC-20 |
| LAUNCHED ON | October 2024 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
EigenLayer (EIGEN) is a decentralized protocol built on the Ethereum blockchain that enhances the security and scalability of various blockchain applications. It allows users to “re-stake” their existing Ethereum (ETH) holdings, enabling them to secure additional services while maintaining liquidity through liquid staking.
The EIGEN token serves multiple purposes within the protocol. It acts as a universal intersubjective work token that enables security for digital tasks verifiable by multiple observers. Unlike traditional work tokens tied to specific tasks, EIGEN covers a broader range of tasks. It enables staking against intersubjective faults, performing validation tasks across Actively Validated Services (AVS), and incentivizing or penalizing operators based on performance.
Further, by tapping into the security of staked ETH, EigenLayer creates a robust environment for decentralized applications (dApps). The EIGEN token also facilitates governance, allowing holders to participate in decision-making processes. With a focus on interoperability, EigenLayer encourages collaboration among Ethereum-based projects, enabling effective sharing of security and resources.
EIGEN 24H Technicals
EigenLayer (EIGEN) Price Prediction 2024
EigenLayer (EIGEN) ranks 94th on CoinMarketCap in terms of its market capitalization. The overview of the EIGEN price prediction for 2024 is explained below with a daily time frame.
In the above chart, EigenLayer (EIGEN) laid out a Horizontal Channel. This is also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of EigenLayer (EIGEN) was recorded at $3.68. If the pattern trend continues, then the price of EIGEN might reach the resistance level of $4.147 and $5.600. If the trend reverses, then the price of EIGEN may fall to the support of $3.554, and $3.071.
EigenLayer (EIGEN) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of EigenLayer (EIGEN) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of EigenLayer (EIGEN) for 2024.
| Resistance Level 1 | $4.350 |
| Resistance Level 2 | $5.260 |
| Support Level 1 | $3.704 |
| Support Level 2 | $3.076 |
EigenLayer (EIGEN) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of EigenLayer (EIGEN) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current EigenLayer (EIGEN) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $3.618 Price = $3.970 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 60.487 <30 = Oversold 50-70 = Neutral >70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
EigenLayer (EIGEN) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of EigenLayer (EIGEN) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of EigenLayer (EIGEN).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 44.878 | Very Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 37.34 <50 = Low | Low volatility |
Comparison of EIGEN with BTC, ETH
Let us now compare the price movements of EigenLayer (EIGEN) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of EIGEN is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of EIGEN also increases or decreases respectively.
EigenLayer (EIGEN) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of EigenLayer (EIGEN) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| EigenLayer (EIGEN) Price Prediction 2025 | $5.7 | $2.57 |
| EigenLayer (EIGEN) Price Prediction 2026 | $6.4 | $2.98 |
| EigenLayer (EIGEN) Price Prediction 2027 | $7.3 | $3.08 |
| EigenLayer (EIGEN) Price Prediction 2028 | $8 | $3.54 |
| EigenLayer (EIGEN) Price Prediction 2029 | $9.2 | $3.62 |
| EigenLayer (EIGEN) Price Prediction 2030 | $10 | $3.79 |
Conclusion
EigenLayer (EIGEN) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish EigenLayer (EIGEN) price prediction for 2024 is $5.260. Comparatively, if unfavorable sentiment is triggered, the bearish EigenLayer (EIGEN) price prediction for 2024 is $3.076.
If the market momentum and investors’ sentiment positively elevate, then EigenLayer (EIGEN) might hit $5. Furthermore, with future upgrades and advancements in the EigenLayerecosystem, EIGEN might surpass its current all-time high (ATH) of $4.53 and mark its new ATH.
FAQ
1. What is EigenLayer (EIGEN)?
EigenLayer (EIGEN) is a token used for governance and staking within a decentralized protocol on Ethereum that enables users to re-stake their ETH for enhanced security across various dApps.
2. Where can you purchase EigenLayer (EIGEN)?
EigenLayer (EIGEN) has been listed on many crypto exchanges, which include Binance, OKX, Bybit, Kucoin, Bitget, HTX, etc.
3. Will EigenLayer (EIGEN) reach a new ATH soon?
With the ongoing developments and upgrades within the EigenLayer platform, EIGEN has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of EigenLayer (EIGEN)?
On October 01, 2024, EigenLayer (EIGEN) reached its new all-time high (ATH) of $4.53.
5. What is the lowest price of EigenLayer (EIGEN)?
According to CoinMarketCap, EIGEN hit its all-time low (ATL) of $3.06 on Oct 06, 2024.
6. Will EigenLayer (EIGEN) reach $5?
EigenLayer (EIGEN) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then EigenLayer (EIGEN) will hit $5 soon.
7. What will be EigenLayer (EIGEN) price by 2025?
EigenLayer (EIGEN) price is expected to reach $5.7 by 2025.
8. What will be EigenLayer (EIGEN) price by 2026?
EigenLayer (EIGEN) price is expected to reach $6.4 by 2026.
9. What will be EigenLayer (EIGEN) price by 2027?
EigenLayer (EIGEN) price is expected to reach $7.3 by 2027.
10. What will be EigenLayer (EIGEN) price by 2028?
EigenLayer (EIGEN) price is expected to reach $8 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/eigenlayer-eigen-price-prediction/