As the number of cryptocurrencies increases, the popularity of cryptocurrencies around the world is increasing rapidly. However, traders must conduct market research to determine the price of an asset. And a profitable investment before investing in a cryptocurrency. In this cryptocurrency price prediction article, we look at Cosmos atom price prediction, as well as its Blockchain network, to help investors see how it works and what it offers to the general public.
What is Cosmos Atom Coin?
The Cosmos coin (commonly called ATOM) is a native cryptocurrency that powers Cosmos. ATOM Digital Currency allows its holders to share in the management and security of Blockchain.
Holders have the chance to hand over their ATOM tokens to Blockchain creditors and, in turn, earn more tokens through the proof-of-stake consensus mechanism.
How many ATOM coins are in circulation?
The total ATOM supply is currently 277,752,198 with 219,967,595 coins currently in circulation, meaning that only 80% of the coins are available for investor trading. The remaining 20% is owned by two companies: the Interchain Foundation and All in Bits.
It is important to note that the total supply continues to increase as more ATOM tokens obtained by users through staking. This sets ATOM apart from other cryptocurrencies that are added to the market through crypto cloud mining.
What is the Cosmos Blockchain Network?
The Cosmos Blockchain Network, also known as the Internet Blockchain. It is a decentralized ecosystem of interconnected Blockchain (decentralized applications) known as Zones. It creates an encryption ecosystem that unites different Blockchains through open-source tools that allow simple transactions between them.
The first block to be developed was the Cosmos Hub, which forms the core of the entire ecosystem. Other Blockchains, developed by other developers, are connected to the Cosmos Hub. Cosmos Hub maintains a record of areas in the ecosystem and their status.
It is important to note that no central party controls or facilitates activities within the ecosystem. Each zone can share tokens and data programmatically in the ecosystem.
Key elements of Cosmos
The cosmos ecosystem has five main elements that include the following:
Cosmos Hub – This is the main blockchain to which Zones connected and acts as an intermediary between other blockchains in the Cosmos network. This provides interoperability between other blockchains developed in the ecosystem and monitors the status of each blockchain.
Zones – These are independent blockchains that developers develop and connect to the Hub in the Cosmos ecosystem.
Tendermint – Tendermint is a consensus mechanism that empowers the Cosmos and is responsible for transaction validation and ecosystem security through the Tendermint Byzantine Fault Tolerance (BFT) engine, which allows developers to build decentralized / blockchain applications without the need To encode everything from scratches
Inter-blockchain communication protocol (IBC) – This is the communication protocol that is responsible for connecting the regions to the Hub, so the free flow of information between each of the interconnected regions is possible.
Cosmos Software Development Kit (SDK) – This software development kit allows developers to use Blockchain to develop Blockchains using the Tendermint consensus mechanism.
Who are the founders of Cosmos?
Cosmos Network founded in 2014 by developers Ethan Buchman and Jae Kwon. These two developers are the ones who came up with the Tendermint consensus mechanism. Which currently offers the power of Cosmos.
The two companies were also very active in the development of the block. They are All in Bits and the Interchain Foundation (ICF), a Swiss non-profit organization that provides open-source blockchain projects.
The ICF was responsible for delivering the first ATOM token in 2017, raising about $ 17 million. However, Tendermint Inc., Which later became Cosmos, raised another round of funding in 2019, raising $ 9 million to continue the project.
What makes Cosmos unique?
One of the major concerns in the blockchain industry is that there are hundreds or thousands of blockchains around the world. But only a few of them can share or share information. The goal of the Cosmos developers was to solve this problem, and this is what Cosmos does. It provides a platform for developers to develop blockchain in an ecosystem where they can communicate with each other and send tokens from one blockchain to another. This is why Cosmos is commonly referred to as the blockchain.
The Cosmos SDK also allows developers to instantly develop blockchain or decentralized applications without having to code the entire application from scratch. Despite the many blockchains that use Cosmos, this is a worthwhile investment because investors can always find their favorite ecosystem.
Benefits of having Cosmos ATOM cryptocurrency?
With the world turning to blockchain technology to solve many of the problems affecting every industry, blockchain developers are looking for platforms that allow them to develop custom blockchain without having to go through the steps. Complete programming from scratch. This is what Cosmos offers. As a result, blockchain developers could flock to Cosmos, resulting in a hike in the Cosmos price.
ATOM holders can use this token to trade, charge in the ecosystem in which several DeFi projects invest, send as payment, or even earn more ATOM coins.
Where can I buy Cosmos tokens?
If you think Cosmos is a profitable project, you can buy ATOM coins from several cryptocurrency exchanges, including Binance, OKEx, and Coinbase.
Once you have purchased the Cosmos cryptocurrency, you can store it in the crypto exchange you purchased or transfer it to one of the following cryptocurrencies: 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 you start trading, it is important to do some technical analysis of the Cosmos price. And do some research and reading to know what experts say about Cosmos atom price prediction 2021 2022.
ATOM price history
Cosmos cryptocurrency was first registered for trading in mid-March 2019. It cost about $ 7.5. The price of the ATOM coin was below the list price until the beginning of 2021 when prices soared.
The price of Cosmos atom peaked at $ 32.14 on May 7, 2021, after which the coin became a bearish trend, although it appears to be the current trend among all cryptocurrencies, including Bitcoin and Ethereum.
ATOM price history chart
Cosmic Price Analysis
Asset analysis in financial markets is essential to determine the estimated market price forecast. Here we review some of Cosmos price technical analysis to help investors understand what they expect and know which business to do. In the short term, most technical indicators indicate that the current downtrend is coming to an end. And traders should expect an uptrend.
The support level indicates the lowest price where the market expected to climb. While the resistance level indicates the highest level where the market price expected to return down.
Comparison of what Oscillators and Moving Averages show
In the 4-hour chart above by Tradingview, we see that the ATOM / USDT price has been higher than the 50-day and 100-day moving averages and is currently cooling after rising from US $ 17 to the US $ 25.
The coin price broken from the upper end of the Bollinger Band. And one can expect upward growth in the long run because the coin has a bright future ahead.
Support and resistance levels to watch based on the last 30 days
Cosmos atom Price prediction 2021 and beyond
In this section, we look to Cosmos atom Price prediction. We do it to help investors by examining the expected market cycles, price, and future price are examined. So that they can make informed decisions about how to manage their current investment if they have an ATOM coin or the cosmos value at which to sell their coins if they decide to hold on to them.
Cosmos price technical analysis on charts
According to the Wallet investor Cosmos atom Price prediction, the current downward trend in the price of the universe is coming to an end, and investors must be prepared to climb the rest of 2021 to 2022.
The Cosmos price prediction for the short term
Cosmos price prediction for the long term
Cosmos atom Price prediction 2021-2022
According to the Wallet investor Cosmos atom Price prediction, the ATOM price will be above the maximum price of $ 81.3 by January 2026. The minimum price set at the US $ 18,684, while the average price for January 2022 set at US $ 18.684. This price prediction made using USD predictions .
DigitalCoin has an optimistic Cosmos atom Price prediction. The price set at US $ 37.74 in 2021 and $ 44.98 in 2022. Forecasts for the future of Cosmos set at the US $ 55.07 for 2023, US $ 61.7 in 2024, and 77.83 in 2025.
Analysts have dared to Cosmos atom Price prediction for 2026. The price analysts at the US $ 88.1, US $ 101.41 in 2027, and the US $ 111.6 in 2028. DigitalCoin forecasts are very optimistic.
Digitalcoin price prediction for Cosmos
The Cosmos project is a force to be reckoned with in the blockchain industry. Especially as it addresses one of the industry’s key challenges and enables developers to launch the blockchain into an ecosystem in which they can share information and do business with others.
ATOM Digital Currency ranked 34 in terms of market value with a market value of $ 5,686,289,010.48. And a trading volume of $ 1,500,739,752.84 in the last 24 hours. This is one of the few altcoins worth more than $ 1. And going by the cosmos forecast done by analysts as shown in the above sections, the price of ATOM expected to rise. Every cosmos prediction shows both a bullish trend in the short and long terms.
Before investing in any digital coin, it is always important to do thorough research on the cryptocurrency market. It is important to find out what to expect, especially due to the high volatility of the cryptocurrency market.
This price forecast designed to help investors gain knowledge of Cosmos atom Price prediction. If the investor interested in similar coins, he should look for the relevant price forecast.