The crypto market is innovative and revolutionary on its terms. Today, we have over 20,000+ crypto projects introducing some new concept every other week. However, how often do you come across a project that revolutionizes Blockchain? Yes, we’re talking about ‘Cosmos,’ the brainchild behind an inter-connected Blockchain ecosystem. The project is a relatively new concept and aims to renovate the DeFi space with features and functionality. But would this token be a suitable investment over the long term? Lets’ find out as we explore the core fundamentals and the basics surrounding this crypto project. Let’s get started.
Cosmos (ATOM) Token: At A Glance
|ATOM Market Cap||$4,094,913,096|
|Current Price (As of September 2nd week)||$14.93|
|All-time High Rate||$44.70|
Cosmos (ATOM) Token: Overview
The Cosmos project is one of the critical projects in crypto’s history. The idea behind the project was to induce communication in the Blockchain space. Initially, Blockchain was independent when it was created and could not interact with the other bullish on-chain metrics. In addition, achieving a high transaction speed proved challenging. Enter Cosmos, a fresh technological perspective for Blockchain. The project revolves around the unique idea of forming an ecosystem for Blockchains in a manner where they can communicate with one another. In addition, the Hyperblocks division of the business operates validators that contribute to the Cosmos Blockchain's security. For validating transactions, the Cosmos network employs the asynchronous Byzantine Fault Tolerant (aBFT) consensus model. A coin here on Cosmos Hub is called Cosmos.
Tokens called ATOM are used for security. Put simply, Byzantine Fault Tolerance (BFT), is a system’s endurance to a class of failures brought on by the Problems in Byzantine Generals. Even though some nodes are down or acting maliciously, the BFT system can still function. With the help of a Byzantine Fault Tolerance (BFT) algorithm, the Blockchains in Cosmos operate as separate parallels. Furthermore, the Tendermint consensus, developed by Jae Kwon in 2014, underpins how the entire system works. As a result, Cosmos create blockchains that can scale and work together. The Blockchain infrastructure industry appears to be ruled by algorithm- and science-backed cryptocurrencies as Decentralized Finance (DeFi) gains popularity.
ATOM Token Fundamental Value
ATOM is the token streamlining operations over the Cosmos network. It is stated that Cosmos is "Blockchain 3.0." The ecosystem provides a safe and highly secure transaction and trade mechanism without intermediaries or smart contract capability. Cosmos Hub is also a part of the Cosmos ecosystem. Since the Blockchain algorithm takes center stage in this coin, Cosmos (ATOMentire)'s phenomenon and primary focus is programmability. As a result, users can utilize Cosmos for any marketplace transactions, including financial services, apps, and games, to name a few, in addition to using digital currency. However, that’s not all. Multiple aspects need to be understood before you can invest in any token. So let's examine the currency in more detail before moving on to the Cosmos price prediction.
- Access to future tools: Any project intended to assist the development of future applications must have scalability as a critical component. The goal of Cosmos is to make it more scalable by utilizing other compatible networks connected through zones. To boost transaction throughput, these zones run concurrently. Each zone's registry, agreement process, and significant language are unique.
- Switch to the PoS system: The PoS approach relies on a collection of semi-trusted routers for block voting. The protocol will function flawlessly as long as more than one-quarter of the voting nodes are trustworthy. A portion of ATOM coins is required as collateral from consensus nodes. Any node discovered to be acting maliciously will have its ATOMs burned and be removed from the system.
- Synchronized validators over the system: Validators are synchronized with the main Cosmos Hub when operating on cross-chain bridges. To ensure that the appropriate amount has been fixed, they also start full nodes on the opposing Blockchain on the opposite side of the bridge. Till the bridge verification tools unlock them, original tokens are barred in a scenario with multiple signatures. As a result, it eliminates the cross-chain tokens. Users are capable of transferring digital assets in various chains using this method.
Apart from the strong fundamentals, the project is backed by a reliable social media presence. The project is unlike any other PR venture supported by strong fundamentals and has a potential future.
ATOM Token Price History & Overview
ATOM was initially listed as a crypto exchange in March 2019. The token started its movement with a bullish phase at $4 during its launch. Following this, the token began a bearish phase, almost halving its price to $2 by August 2019. Over the next few months, there was little positive movement from the token for the remainder of the year.
At the start of 2020, the transaction was initiated at a price close to $5. dropped significantly near to $1 by the middle of March. But by the end of August 2020, the price had steadily risen to annual highs above $8. However, the price completed the yearlong trade above $5 despite some pullbacks, demonstrating reduced volatility. The currency generated profits for investors of over 700% in 2021. Before 2021, the price of ATOM fluctuated only slightly.
However, a 7x rise in quotes has resulted from both the overall upward market momentum and the platform's complete debut. Since the beginning of 2021, ATOM has experienced substantial growth. According to data from CoinMarketCap, the value of ATOM increased by 426% between January 1 and September 16, 2021. On September 20, 2021, Cosmos reached an all-time peak of 44.70 USD. The ATOM price remained above 30 USD throughout the month, reaching a peak of 43.22 USD on October 26, 2021, and finishing at 37.26 USD, a slight gain over the closing price of September.
ATOM Token Price Forecast
Cosmos (ATOM), a centralized, scalable network, aims to establish the "Internet of Blockchains." An ecosystem of decentralized Blockchains capable of communicating with one another but are not connected is referred to as the "internet of Blockchains." Different Blockchains are linked to one another using the so-called cross-chain solution. The BFT consensus method is used by Cosmos, a novel invention that is immune to consensus flaws. Many advantages have helped the Blockchain industry's vibrant expansion quickly catch the general public's interest.
However, they also pay attention to several technical problems and bottlenecks hindering widespread implementation. Cosmos had developed to tackle the most challenging issues facing the Blockchain sector. The price of Cosmos (ATOM) recently skyrocketed, surprising many people, including many huge hands. Since the beginning, record-breaking quantities had not been seen, and they were what propelled the value to new highs. To help you understand Cosmos better, we have provided both a technical analysis and a fundamental analysis.
Late in September, amid its most recent bull run, the price of Cosmos cryptocurrency fell to just below $30. As we observe a short-term trend reversal, which might also linger for a while, this point may become a new support line.
On the contrary, the developments after the most recent downturn continue to resemble a flag pattern, which suggests that Cosmos may have a promising future. This viewpoint appears to be supported mainly by the experts forecasting the future of Cosmos (ATOM), as their future projections are hopeful.
Currently, Cosmos network dominates the ATOM virtual currency, and Tender Mint Core, with its distinctive Byzantine Fault Tolerance, has announced that its investment is worth $15 million. One such effort that seeks to deal with "Proof-of-Work"-related concerns is Cosmos, applied by many significant Blockchain projects.
The project's primary objective is to make the Blockchain system more straightforward and less complicated. When Jae Kwon, Zarko Milosevic, and Ethan Buchman founded Tendermint in 2014, they originally sketched out the proposal. Note: When analyzing these cosmos price predictions, remember that the cryptocurrency market is unpredictable, and it is challenging to predict a token's price accuracy. As a result, forecasting websites and analysts may produce inaccurate projections. Therefore, we suggest you always do your research before making any investment choices and consider the most recent market dynamics, statistics, technical and fundamental analysis, and expert opinion. And when investing, never take on more risk than you can ever afford to lose.
ATOM Token Price Prediction
After a period of market development, investors are beginning to express a lot of interest in Cosmos (ATOM), which has existed for a few years. So what would the value of Cosmos be in 2022, 2023, 2024, 2025, and 2030? Now let's delve into the specifics.
Cosmos Token Price Prediction for 2022 | Potential ROI: 58%
The Cosmos cryptocurrency started 2022 off strong, rising from its $21.22 low on December 17, 2021, by 97.9% to $41.99 on January 4, 2022. Then, on January 16, 2022, there was a second boom, and ATOM's value increased to $43.61. There were various causes for this. Starting its journey in 2022, ATOM was valued at $32.521, quickly moving to $44.677 over the week.
Following a reversal, the price of ATOM resumed its upward trend and reclaimed the $44.582 level. However, the price only had a brief increase because, by January 22, it had fallen to $31.78 due to a decline. In contrast, the market quickly recovered to $37.174 by January 24. By January 31, the price had fallen once again to $25.77. By February 7, the altcoin had gained considerable momentum, moving to the price level of $33.281.
However, industry unrest caused the price to rise to $23.215 by February 22. After that, on March 4, the digital asset displayed a 49.7% increase, reaching $34.895. The quarter's trading ended at $30.147 after a downturn and a leg-up. Cosmos experienced a brutal second quarter like the rest of the cryptocurrencies on the market.
Panic liquidations were prompted by news of the bankruptcy of well-known brands, which caused Cosmos to lose more than 81% of its value. First, Cosmos announced that it was getting close to being EVM-protocol compatible, enabling the transfer of assets and projects mainly running on the Ethereum network to Cosmos. Second, the project announced the installation of a liquidity staking module to a platform, which would provide the stakes chain assets with more functionality. But before starting a bearish run for the rest of 2022, ATOM was never again so near to its record high.
The beginning of the conflict between Russia and Ukraine and Bitcoin's (BTC) decline below $27,000 contributed to a broader negative attitude in the cryptocurrency market; the token dropped about 79% of its value and dropped to around $9 by mid-May 2022. The coin was worth $10.20 as of July 19, 2022. At the beginning of March 2022, the network's Gravity Bridge issued several achievements, including the release of ATOM with Ethereum DeFi and the Cosmos Stargaze, NFT platform, collaborating with Gravity Bridge to transport NFTs from Ethereum to Cosmos.
The Interchain Accounts module, which has the potential to increase interoperability, traffic, and composability, was officially launched as part of Cosmos' Theta upgrade in April 2022. A few updates, including the Rho and v9-Lambda updates, are anticipated from the Cosmos network. The Rho update would make it possible to use Tendermint 0.35, liquid staking, and other features. Among other features, the Lambda update would include interchain security. The essential updates would propel the cost of ATOM. As a result, the ATOM value could rise as high as $13.590.
On the other hand, if the upgrades don't settle as per the predictions, the price might be reduced to $9.588. However, if the trend moves sideways, the cost might come to $11.422. With an increase in supportive societal emotions near the year's close, sustained by rising volumes. Additionally, the price would be driven by the implementation of the Epilson update, which might increase to its possible peak of $17.592. On the contrary hand, negative commentary and a suggested downtrend might drop it to $12.34. However, amidst all the uncertainty, the average price of the token is expected to be around $15.22.
Cosmos Token Price Prediction for 2023 | Potential ROI: 33%
2023 is expected to introduce a change in the crypto markets. The industry is set to pick up its pace following a few months of bullish phase. If the upgrades pass as anticipated, the Cosmos network may expand to a larger user base. NFT modules, smart contracts, and the spread of V11-Gamma are just a few examples. By 2023, the price for ATOM may increase to $29.0559. However, if things don’t follow their natural course of events and the market witnesses a change in regulatory standards, there can be liquidations. Such instances would result in a price limit of around $15.660 for the year.
Cosmos Token Price Prediction for 2024 | Potential ROI: 3%
Following the positive trend that the market had adapted in 23, we expect it to continue with a similar flow for 2024. If the Cosmos team works to improve the network through regular updates and streamlined operations. By the end of the year, the altcoin's price may soar to its theoretical high of $44.695. However, if things take a turn for the crypto market and the ATOM token fails to bank on its fundamentals, the prices could plummet to $24.037. Besides, prices might revolve around $33.14 if it stays positive.
Cosmos Token Price Prediction for 2025 | Potential ROI: 57%
2025 would be an essential year for Cosmos. This year would enhance the existing functionality of the project, especially in terms of transaction speeds. In addition, it is expected to flourish as a result of the developmental initiatives over the years, which will increase the network's user base. Besides, we expect the token’s price to reach up to $68.510 by 2025. If the market loses its movement, the prices might drop to $37.009.
Cosmos Token Price Prediction for 2030 | Potential ROI: 72%
2030 would mark a new era for the crypto industry. This would be the year where we might witness crypto exist as a digital economy. But, more importantly, this would be the year when things will take a positive pace for the Cosmos. With a reformed Blockchain by that time, most experts anticipate a positive future for Cosmos, as long-term pricing projections indicate a significant rise by 2030. While one expert predicts a price of $18.471, another predicts a price of $20.163. Long-term expectations are high for Cosmos: its forecast for 2030 is $34.1166. However, dealing with such random price movements can be a challenging task. So to help you better, we’ve curated a chart that simplifies your investment plan over the years. Let’s check it out.
|Type Of Run||Bullish||Bullish||Bullish||Bullish||Bullish|
Note: The coin may cross over the $30 price threshold this year and represent a wise investment choice, according to the ATOM price projection and prior performance. It is more than a link between Blockchains, and its features provide a competitive advantage.
ATOM has much going for it in its short but comprehensive spin. The current market movements and the fundamentals backing the token suggest ATOM be a great investment. Cosmos should continue to be the most interoperable Blockchain project. It might be bad news to Cosmos if any of its main competitors start to outgrow it in terms of development and relationships. Additionally, the project may soon become obsolete if Blockchains construct their bridges to those other networks and do not rely on third-party platforms like Cosmos.
Given the current state of the cryptocurrency market, there may be various interoperability solutions as the number of altcoins rises, and no particular solution will prevail. Lastly, considering the overall fundamentals, it's evident that the token is a reliable investment in the long run. So if you’re a short-term investor, we suggest you settle with some other established crypto token. However, if investing in the ATOM token, it would be a wise move if you first research the project, understand its fundamentals, and then enter a trade upon a suitable entry point. All the best!
Q1. Will the ATOM price go up?
The ATOM's cost may increase. In 2021, the market was exceedingly bullish, and in 2022, ATOM displayed tenacity during market-wide downtrends. However, keep in mind that the value of cryptocurrencies can fluctuate significantly, with both ups and downs possible.
Q2. Is Cosmos a good investment?
Cosmos can be considered a good investment. The value of Cosmos undoubtedly increased significantly in 2021. However, the coin's stock is trading down more than 70% from its record high, which was set in January, earlier this year. So do your homework before investing, and never risk more than you could ever afford to lose.
Q3. Should I invest in Cosmos?
Only you can decide whether or not you ought to invest in Cosmos. Although the price of Cosmos is rising, you should conduct your research before investing in cryptocurrencies to ensure that you are not risking more money than you can risk losing. Prices for cryptocurrencies can fluctuate greatly and go up and down.