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What Is the Cosmos Price Prediction Today
AT A GLANCE
- In 2024, Cosmos price is expected to reach $21.372953341934284, according to some experts
- 2025 promises to be turbulent, with prices ranging from $1.803 to $8.533942154355222, with WalletInvestor predicting Cosmos hitting a low at $1.803
- By 2030, ATOM price can hit $21.372953341934284
Cosmos Fundamental Analysis
Cosmos (ATOM) is a native token of the Cosmos Hub — the central chain in the Cosmos ecosystem, often called an “Internet of Blockchains”. Cosmos was built by the team behind Tendermint — a BFT consensus engine. To launch their project, Cosmos’ team held two private token sales in 2017.
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.
Cosmos Live Price Chart
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.
Cosmos 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.
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Cosmos Price Prediction
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As it can be clear from the analysis cited above, Cosmos (ATOM) projections are rather contradictory. There is no universal consensus either about positive or negative future ATOM price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Cosmos projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).