However, judging by the current price momentum, we may see the token reach $60 by early 2022.
67% of retail investor accounts lose money when trading CFDs with this provider.
Cosmos Price History – the Story of 2021 So Far
Before diving into our cryptocurrency price prediction, it’s a good idea to discuss what Cosmos is and how price arrived at this point. Cosmos is an exciting platform and one that differs significantly from most other blockchain networks. So, with that in mind, let’s explore Cosmos and its price history.
Cosmos is a network that aims to create an ‘Internet of Blockchains’ by allowing interoperability between different platforms and developers.
Why is cosmos atom going up
Stop losses, position-sizing, and market timing should never be ignored, especially when there is no distinguishable trend.
With that being said, let’s focus on the Cosmos market, its current standings, as well as the mid-term and long-term price prediction that is based on the readings of our proprietary Crypto Volatility Index (CVIX). At this point, the price of Cosmos stands at $10.91, and this particular digital asset holds the 30th position in the global cryptocurrency ranking. For your information, the ranking of every cryptocurrency is heavily reliant on its current market capitalization and price, and is calculated by multiplying these two variables, something that our system constantly does in order to supply you with the most up-to-date information on the asset in question.
Why is cosmos atom up
Cosmos’ IBC (inter blockchain communication) allows blockchains within the ecosystem to connect so that they can transfer tokens and other data between one another frictionlessly and seamlessly.
In addition, users can also create marketplaces allowing for permissionless global trade. They can build autonomous application-specific blockchains, rather than smart contracts, to avoid high transaction fees and network congestion.
Moreover, users can also create games with unique collectibles in the form of non-fungible tokens (NFTs) and character upgrades that they can monetise without third-party approval or app store fees.
According to the network’s website, some of the apps and services available on Cosmos currently include the Binance Chain (BNB), Terra (LUNA) and Crypto.org (CRO), with over $56bn of digital assets under management.
- Yesterday, on August 4, the market capitalization of Cosmos stood at $2 910 974 952;
- Last week, on July 29, the total amount of capital devoted to Cosmos was established at $3 127 870 001;
- The data from a month ago, registered on July 5, shows that Cosmos had a market capitalization of $2 572 548 665.
Then again, while the market capitalization of Cosmos serves as a relatively clear indication of the size and the performance of the reviewed cryptocurrency, it might not be the proof that the trading volume on that market is generated in sufficient quantity – as will be explained later, the volume could be crucial when determining the potential direction of the market and the strength of the anticipated price movement in either direction.
Cosmos crossed the $40 mark yesterday and hit an all-time high of $41.34,
according to CoinMarketCap. Since then the price has corrected some, however when taking into consideration Cosmos’s explosive price recent performance: it’s still over 20% up from seven days ago, and approximately 100% from 30 days ago.
Cosmos is described by its developers as an “internet of blockchains.” It is a project that solves some of the “hardest problems” facing the blockchain industry, and aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps.
Its long-term ATOM coin price prediction showed the cryptocurrency could trade at $46.79 by 2030.
Note that algorithm-based and analysts’ projections can be wrong. Forecasts and analysts’ expectations shouldn’t be used as substitutes for your own research. Always conduct your own diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and goals.
Keep in mind that past performance doesn’t guarantee future returns.
And never invest or trade money you cannot afford to lose.
FAQs
Is Cosmos coin a good investment?
Whether ATOM is a good investment for you depends on your personal circumstances and risk appetite.
Cryptocurrencies are high-risk assets. You should do your own research and evaluate the level of risk you are prepared to accept before investing.
This puts an enormous emotional strain even on experienced investors and traders, especially during times of market downturns.
The following is the all-encompassing Cosmos price prediction for both near- and long-term future.Cosmos (ATOM) is a coin that is currently traded at $10.91 per unit, with the market capitalization of $3 122 970 296 that makes it a mid-ranked cryptocurrency.
Digital assets like Cosmos have already become the focal point of attention not only for retail investors and speculators, but also for large institutional investors who perceive Cosmos and the rest of cryptocurrencies as an effective hedge against inflation that takes a heavy toll on the global economy.
Therefore, having at least a part of the portfolio devoted to crypto is practically a must for any trader and investor who wants to grow his wealth over the coming decade.
As the Cosmos developers can issue more tokens if they wish, this reduces the element of scarcity that other coins have – making it harder to see price appreciation.
Cosmos Price Prediction 2025 – Long Term Outlook
The volatility when you invest in crypto is much higher than when you buy stocks – which is why it’s essential to have a long-term outlook for the former. In the case of Cosmos, having this outlook is beneficial, as the platform is just starting to gain some traction outside of advanced cryptocurrency investors. Furthermore, combine this with its compelling use case, and we have many elements to be optimistic about.
One of the things that will go in Cosmos’ favour in the long term is that the developers have built a Software Development Kit (SDK) that allows developers to easily build their own blockchain using Cosmos’ Tendermint protocol.
In traditional markets, market capitalization indicates the total dollar value of the company and allows one to comprehend the relationship between the size of the company that issued the stock, which constitutes the major difference with regard to cryptocurrencies, as well as the return potential of that particular stock, and the scope of associated risks.
When it comes to cryptocurrencies, market capitalization serves more as an indicator of the coin’s share, or dominance, in comparison to the rest of the market, along with its overall popularity with the global crypto community and investors. Many cryptocurrency traders view market capitalization as a key indicator to be considered before making trading decisions.
All blockchains would maintain sovereignty, while transaction processing would be quick, and communication between different chains enabled. This is meant to enable a number of different use cases that would make the network one of the most important projects out there.
Of course, Cosmos is not the only project focusing on interoperability, but Cosmos’ advanced and unique approach has pretty much cemented its position as the industry leader in this sector.
What will happen to Cosmos’ price in the future?
Of course, the main question now is whether or not ATOM can go even further this time around, or at all?
While this is pure speculation, we believe that it can. In fact, it is almost certain that it will.
