Cosmos has shown potential for serious growth in 2021 as it surged to 453.3%. For the Chaimapsis and Keplr project, a lot has been achieved in quick succession. It is one of the many projects advancing the Cosmos ecosystem, including Ledger hardware wallet support and permissionless integration of new chains. Cosmos coin (ATOM) continued on a bullish run in 2022, rising above $40.
The launch of Cosmos Inter-Blockchain Communication (IBC) was a milestone and will benefit any ecosystem leveraging the Cosmos SDK. This includes the DeFi platform Kava, CertiK, Secret Network, and others. An exciting development for the Cosmos community.
Inadvertently, the crash of the LUNA token and the TerraUSD (UST) stablecoin at the start of May 2022, both based on the Cosmos network could drive the Cosmos cryptocurrency’s decline. 20 May Cosmos price analysis confirmed an upward trend, following the bullish trend that started the previous day. The price has constantly been recovering during the past week along with two strong corrections as well, which has affected the upwards trend.
What do analysts see on the horizon for ATOM?
Today’s Cosmos price is $9.14 with a 24-hour trading volume of $185,895,406. Cosmos is down 4.47% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $2,616,264,476 USD. It has a circulating supply of 286,370,297 ATOM coins and the maximum supply is not available.
Read also: Cosmos price analysis: ATOM bulls mark 16 percent gains as bulls march towards $12.3 resistance | Cryptopolitan
What is Cosmos coin?
One major concern within the blockchain industry is that there are hundreds if not thousands of blockchains around the world, but only a few of them can communicate or share information. Cosmos developers aimed at solving this problem, and that is what Cosmos is doing. It provides a platform for developers to develop blockchain within an ecosystem where they can communicate with each other and send tokens from one blockchain to the other.
That is why Cosmos is commonly referred to as the internet of blockchains.
The Cosmos SDK also allows developers to quickly develop blockchains or decentralized applications without coding the entire program from scratch. With many blockchains using Cosmos, it is a worthy investment since investors can always find something of interest within the ecosystem.
Cosmos coin (commonly referred to as ATOM) is the native cryptocurrency that powers Cosmos. ATOM cryptocurrency allows its holders to contribute to the governance and security of the blockchain network.
Holders also have a chance of delegating (staking) their ATOM tokens to the validators on the blockchain and, in turn, earning more tokens through the Proof-of-Stake consensus mechanism.
This makes Cosmos price predictions quite important. There are many traders who want to know when to buy Cosmos and when to sell Cosmos. But, it can be concluded that Cosmos will also give great benefits if you hold it.
How many ATOM coins are in circulation supply?
The current total ATOM supply is 222,078,856 with 279,863,459 coins currently in the circulating supply, meaning only 80% of the coins are available for trading among investors. The remaining 20% is held by two companies: the Interchain Foundation and the All in Bits.
It is important to note that the total supply keeps increasing as more and more ATOM tokens get earned by the users through staking. This makes ATOM different from other cryptocurrencies, which are added to the market through mining.
What is the Cosmos blockchain network?
Cosmos Blockchain Network also referred to as the Internet of Blockchains, is a decentralized ecosystem of interconnected blockchains (decentralized applications) known as Zones. It creates a crypto ecosystem that unites different blockchains through open-source tools that allow streamlined transactions between them.
The first blockchain to be developed was the Cosmos Hub, which forms the core of the entire ecosystem. The other blockchains, developed by other developers, are connected to the Cosmos Hub and interconnected. The Cosmos Hub maintains a record of the Zones in the ecosystem and their states.
It is important to note that no central party controls or facilitates activities within the ecosystem. Every Zone can share tokens and data within the ecosystem programmatically.
Key elements of Cosmos
Cosmos ecosystem has five key elements:
- Cosmos Hub – This is the core blockchain to which the Zones are attached and it acts as an intermediary between all other blockchains within the Cosmos network. It provides interoperability among all the other developed blockchains in the ecosystem and keeps track of each blockchain’s state.
- Zones – These are independent blockchains that developers develop and attach to the Hub within the Cosmos ecosystem.
- Tendermint – Tendermint is the consensus mechanism that powers Cosmos and it is responsible for validating transactions and ensuring that the ecosystem is secure through the Tendermint Byzantine Fault Tolerance (BFT) engine that also allows developers to build decentralized applications/blockchains without having to code everything from the scratch.
- Inter-Blockchain Communication Protocol (IBC) – This is the communication protocol that is responsible for connecting the Zones to the Hub thus allowing the free flow of information between each of the interconnected Zones.
- Cosmos software development kit (SDK) – This software development kit allows developers to use blockchain to develop blockchains by leveraging the Tendermint consensus mechanism.
Who are the Cosmos founders?
Cosmos Network was co-founded by developers Ethan Buchman and Jae Kwon in 2014. These two developers are the ones who came up with the Tendermint consensus mechanism, which now powers Cosmos.
Two companies were also very actively involved in developing the blockchain. They are the All in Bits and the Interchain Foundation (ICF), a Swiss non-Profit organization that funds open-source blockchain projects.
The ICF was responsible for conducting the first ATOM token ICO in 2017 which raised about $17 million. However, Tendermint Inc., which later became Cosmos, conducted another fundraising round in 2019, raising $9 million to continue with the project.
Advantages of owning the Cosmos ATOM
With the world turning to blockchain technology to solve a myriad of problems that affect every industry, blockchain developers are looking for platforms that allow them to develop custom blockchains without having to go through the rigorous process of having to code the entire program from scratch and that is what the Cosmos provides. As a result, blockchain developers could flock to Cosmos, resulting in a hike in the Cosmos price.
ATOM holders can use the token for trading, spending within the ecosystem where several DeFi projects invest in, sending as payments, or even staking to earn more ATOM coins.
Where can you buy Cosmos tokens?
If you think Cosmos is a profitable project, you can buy the ATOM coin from several cryptocurrency exchanges, including Binance, OKEx, and Coinbase.
Once you purchase the Cosmos crypto coin, you can store it either in the crypto exchange where you bought it from or transfer it in any of the following crypto wallets: Atomic Wallet, Cobo, Cosmostation, Huobi Wallet, imToken, Kepler, Ledger, Lunagram, Lunie, Math Wallet, Rainbow Wallet, Qbao Wallet, Trust Wallet, Wetez and Crypto.com.
You can also trade the Cosmos cryptocurrency on these crypto exchanges. However, before starting to trade, it is important to do some technical analysis on Cosmos’ price and do some research and reading to find out what experts say about Cosmos price prediction 2021 2022.
Cosmos Price History
- The Cosmos cryptocurrency was first listed for trading in Mid-March 2019; its price was about $7.5.
- The ATOM coin price remained below the listing price until the beginning of 2021 when the prices started skyrocketing.
- Cosmos price hit an all-time high of $32.14 on May 07, 2021, after which the coin has turned to a bearish trend, though it seems to be the current trend among all cryptocurrencies, including Bitcoin and Ethereum.
Cosmos Technical Analysis
As of 3rd June, 2022 Cosmos price is currently at $9.11 and the digital asset has been on a declining trend our data analysis finds that the price target is likely to be $5.92 in the next few months. The staking return has also been on a decline and is currently at 6.2%.ATM trading volume is currently at $195,098,323.14 while the market cap is $2,617,363,082.81.We update our ATM to USD price in real-time. ATM prices are down by 4.33 percent and the digital asset is currently dominating 0.21 percent of the entire cryptocurrency market. The current coinmarketcap ranking is #29 while the total circulating supply is not available.
The technical analysis for Cosmos cryptocurrency illustrates a declining market trend whereby the market may reach a bottom of $5.92 in the next few months. The digital asset is currently being oversold as the RSI indicator is at 31.5 and this presents an opportunity to buy the dip. The MACD shows a bearish crossover and this indicates that the downward trend is likely to continue in the short term.
The 200 EMA is also below the current price and this indicates that the short-term trend is bearish. The support levels are at $7, $6, and $5 while the resistance levels are at $10, $11, and $12.The current market trend for Cosmos suggests that the price is likely to continue falling in the short term.
The 4-hour timeframe indicates a market in a downtrend as the price is below the 200 and 50-period moving averages. The MACD shows a bearish crossover and this indicates that the downward trend is likely to continue in the short term. The market volatility for Cosmos is currently high as the Bollinger bands are starting to widen. This indicates that the market is consolidating and a breakout is likely to occur in either direction.
Cosmos Price Prediction by Authority Sites
Wallet Investor predicts that Cosmos price for 2022 will break the $20 mark in August. Furthermore, It adds that it will reach about $35.55 in a year’s time, while the site says the coin should reach $104.37 in five years’ time. Based on their forecasts, a long-term increase is expected, and the price prognosis for 2027-05-29 is 78.887.
Long Forecast says that Cosmos might have stable growth in the future as it is expected to trade at $12.20 by the end of 2022. They predict that the coin will face some fluctuations and will reach the $13 mark by 2023. After 2024, they predict that Cosmos might have a significant bull run and reach as high as $38 by 2025.
The maximum price in 2022, according to Price prediction net, the price will be $44.67, with an average of about $58.86 a year later. The site’s prediction for 2024 is $87.18, but twelve months later it predicts it will be around $120.67. In 2026, PricePrediction.net projects the average price of a cosmos to be $171.94, and in 2027 it predicts it will be about $254.68.
Cosmos Price Prediction 2022
In the near future, according to our deep technical indications, Cosmos’s 200-day SMA shows the prices will plummet in the next month and bottom at $2.40 on July 3, 2022. The short-term 50-Day SMA of Cosmos is anticipated to hit $13.26 by July 3, 2022. The maximum price is anticipated to reach $13.84, with a minimum price of $12.39 and an average price of $12.78.
Cosmos Price Prediction 2023
With any new government decisions and rules, the ATOM price may experience a period of uncertainty. ATOM’s price will have to hold the 100 SMA support for buyers to sell Cosmos for a profit and stability. In the first half, the price might reach a low of $18.42. By the end of 2023, the predicted maximum price of ATOM might be around $21.08, and an average price of $18.93.
Cosmos Price Prediction 2024
ATOM investors might face a few hurdles as the price could break below the ascending parallel channel. The ATOM/USD pair might even retrace to the $15 mark by mid-2024. By late 2024, ATOM’s price is expected to surge and reach around $32.11 and an average price of 26.98.
Cosmos Price Prediction 2025
Based on our analysis, Cosmos might have a bright future as the price is expected to reach an average price of $39.97 in 2025. The site predictions ATM maximum price might be $45.87, but twelve months later it predicts that the minimum price will be around $38.62.
Cosmos Price Prediction 2026
According to ATM price predictions, by the end of 2026, the maximum price is anticipated to be $67.61 while the average price is expected to be $60.96.
The blockchain network is quite popular and has a lot of projects built on it, and given the progress that is maintained, we might anticipate the price of ATOM to reach $120 in the next five years, making it an all-time high.
Cosmos Price Prediction 2027
The price of Cosmos is expected to be on a bullish trend in 2027. The coin might face some minor corrections at the beginning of the year but is expected to reach new all-time highs by the end of 2027. According to our predictions, the maximum price would be around $102.34, the average price would be around $86.03, and a minimum price of $83.60.
Cosmos Price Prediction 2028
In 2028, ATOM is expected to be traded at an average price $120.24. During the year, its maximum price is anticipated to be around $144.03, and a minimum price of $116.80.
Cosmos Price Prediction 2029
From our analysis, the price of Cosmos in 2029 might reach an all-time high and be traded at $178.13. The maximum price is expected to be around $202.08, and a minimum price of $173.32.
Cosmos Price Prediction 2030
By the beginning of 20230, the price of Cosmos is predicted to reach a minimum value of $246.73. The Cosmos price could reach a maximum value of $298.10 with the average trading price of $253.86 throughout 2030.
Cosmos project is a force to reckon with within the blockchain industry, especially because it is solving one of the main challenges in the industry by enabling developers to launch blockchains in an ecosystem where they can share information and carry out transactions with each other.
Going by the Cosmos forecasts, the price of ATOM is expected to rise. Every Cosmos price prediction shows both a bullish trend in the short and long terms.
It is always important to do some thorough research of the cryptocurrency market before investing in any digital coin to understand what to expect especially owing to the high volatility nature of the crypto market.