Recommended
Cosmos Crypto Price Prediction 2022-2025-2030
Here we’ll discuss the Cosmos crypto price prediction from popular forecast platforms, to help you make investment judgments.
What is Cosmos (ATOM)?
Cosmos (ATOM) is the native token of Cosmos Hub – the central chain in the Cosmos ecosystem, often referred to as the “Internet of Blockchains”. Cosmos was founded by the team behind Tendermint, a BFT consensus engine. The Cosmos team held two private token sales in 2017 in order to launch their project.
Most of the blockchain applications are built on Ethereum now. But there are well-known issues with this network, most of which concern scalability (Ethereum’s throughput is capped), flexibility (it’s hard for EVM to accommodate all use cases), and sovereignty (the chain doesn’t belong to the app’s developer).
The Cosmos crypto environment is supposed to improve the experience of the blockchain app developers — and their end-users — by providing the environment for building their own, tailor-made chains easily. This way, all the issues described above can be avoided.
Cosmos ecosystem contains Cosmos Hub — the central chain to which all the other, independent, chains, built with the help of the modular SDK (software development kits), are connected. To make this all work, Cosmos utilizes layered network architecture, IBC (Inter-Blockchain communication protocol), and Tendermint BFT (the ready-made consensus and networking solution that allows the developers to focus on the application layer and not the underlying technicals).
ATOM is a staking token on the Cosmos Hub blockchain, required to secure the Proof-of-Stake network in exchange for a reward (made in ATOM tokens). The rewards are made of transaction fees as well as newly minted ATOM crypto.
Download App for Android | Download App for iOS |
Current Cosmos Price
Cosmos (ATOM) crypto’s price had been affected both by the crypto market bull run of the first half of 2021 — when the price grew from $5 to $20–$30 — and the following slump, which resulted in ATOM trading below $15 for most of the summer, even dipping below $10 for a couple of times.
Since July 2021, though, Cosmos crypto has been almost unstoppable: while its price hasn’t entirely avoided the dips, it always bounces back even higher. On September 20, Cosmos crypto price hit the all-time high of $44.70. This might have been caused by some big Cosmos crypto news, such as an upcoming Cosmos Hub upgrade and the integration of Gravity DEX.
By late September, the price has corrected somewhat, but it’s still staying above $35 for the most part. All in all, the last months’ price action spells a good omen for this coin: this is a sentiment echoed by many of the ATOM crypto price predictions, which are staying predominantly positive.
ATOM Price Technical Analysis
Cosmos crypto price has dipped just below $30 in late September in the middle of its latest bull run. This point might become a new support line, as we see a short-term (as of yet) trend reversal, which may last for a while, although now it remains to be seen. ATOM price action from September 12 until the end of the month may be interpreted as a head and shoulders pattern, which is indeed worrying.
On the other hand, the developments since the latest dip still look like a flag pattern, in which case there might be a bright future ahead for Cosmos. The experts making Cosmos (ATOM) future predictions mostly seem to support this opinion, as their future estimates remain optimistic.
Download App for Android | Download App for iOS |
Cosmos Price Forecasts
Below we have collected the most reliable price projections for Cosmos (ATOM) from popular forecast platforms.
Cosmos Crypto Price Prediction 2022
As for Cosmos price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects a downturn towards $12.433, and WalletInvestor echoes with ~$9.3528 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Cosmos’s future price, citing upwards of $16.1076 in December.
Download App for Android | Download App for iOS |
Cosmos Crypto Price Prediction 2023
According to TradingBeast, in 2023 Cosmos price is predicted to decline to $9.545, which makes Cosmos a poor investment option. PricePrediction.net, in turn, predicts the price drop to $12.4704, and WalletInvestor agrees with a predicted price fall down to $9.6126.
Cosmos Crypto Price Prediction 2025
WalletInvestor has only optimism in store for the 2025 Cosmos price prediction, valuing Cosmos at $18.3159 by the end of 2025. TradingBeast agrees with a positive forecast and predicts, in turn, $19.978 for the same period. On the other hand, PricePrediction.net’s team is more pessimistic — their Cosmos price prediction for December of this year is just $11.3013.
Download App for Android | Download App for iOS |
Cosmos Crypto Price Prediction 2030
Speaking of long-term Cosmos price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Cosmos price will grow further and eventually reach $17.7963 by the end of the decade. PricePrediction.net’s price prediction for Cosmos echoes with the projection of an uptrend to $20.5242. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $6.9923.
In Conclusion
It is clear from the analysis quoted above that Cosmos (ATOM)’s forecasts are quite contradictory. There is no general consensus about the future positive or negative trend of ATOM price. In fact, the possible future growth depends on a variety of factors: announcements, new technical solutions for the Cosmos project, the general crypto environment, legal status, etc. We remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
FAQ
Download App for Android | Download App for iOS |
Is ATOM a good investment?
Yes, Cosmos (ATOM) cryptocurrency is a good investment, according to most ATOM crypto price predictions. Those put ATOM price by 2022 at around $50, which is a significant growth compared to the current price, with the potential to grow even further in the following years.
Is Cosmos (ATOM) crypto a scam?
No, Cosmos (ATOM) is probably not a scam, at least not according to industry experts. Cosmos provides a stable, usable blockchain infrastructure that has been used by Crypto.com, Binance, and other leaders in the crypto space (Cosmos lists over 255 projects). This level of trust suggests that it is doubtful that Cosmos is a crypto scam.
Read More:
Pi Cryptocurrency Review: Is Pi Network a Scam?
Pi Network Mainnet: When Is Pi Coin Launching?
LUNA Classic Burn: Will LUNC Burn Its Supply?
LUNC Burn: Here’s How Much Luna Classic Has Been Burned Recently
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Terms & Agreement
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved
Comments
Leave a comment
Your email address will not be published. Required fields are marked with an asterisk (*).
Comment*
Name*
Email address*