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The MACD has generated a positive crossover which is favoring the bulls and the RSI at 64 denotes the strength of the bulls. On a daily time frame, Cosmos [ATOM] crypto price is on a steady rise and is continuing the upward movement by forming higher high swings. In the mid of January, ATOM price succeeded in reclaiming both the 50 and 200-day EMA. This derived a positive sentiment and indicates that the positional trend is reversed in the favor of bulls. Our Cosmos price prediction anticipates a possible value of $17.57 by the conclusion of this year, 2023. It is possible that it will be worth more, but we need to be cautious with crypto price forecasts.
- $CSMS is currently trading on Uniswap and will soon migrate to a Cosmos Dex.
- After all considerations, our Cosmos price prediction for 2023 is $17.57, even though we acknowledge that there may be some fluctuations in the coin’s value during the year.
- The network offers an entirely autonomous solution for developers building application-specific blockchains that interconnect.
- If any of its top rivals begin to outpace its development and interconnections, this could be bad news for Cosmos.
- The Rho upgrade, which is expected to be released in stages throughout 2022 and 2023, adds CosmWasm to the hub.
These services can range from hosting and storage to financial products and services. Users can pay for these services using their ATOM tokens, which eliminates the need for third-party payment processors and reduces transaction fees. The IBC allows blockchains with completely different architecture, applications and functions to exchange data – even if they use different validators and consensus mechanisms.
ATOM coin price prediction
As an investor, you should normally receive your tokens quite quickly. ATOM however deliberately held the coins with them a little longer. They were building their own network for over two years, and only when it was finished, the investors received their tokens.
Lastly, we’ll update you with Cosmos latest news before answering important questions relating to Cosmos investing. Tendermint was founded in 2014 by programmers Jae Kwon, Zarko Milosevic and Ethan Buchman. In 2016, the Cosmos white paper, which set out the stall for both the ecosystem and the cosmos cryptocurrency itself.
The current crypto market
As people learn more about what it offers, this top cryptocurrency will undoubtedly become even more popular. We expect that by the end of 2025, Cosmos must have become a commonly known digital asset and investment vehicle. Cosmos uses a Tendermint consensus algorithm that is fast https://www.tokenexus.com/what-is-atom-cosmos-crypto-review/ and efficient, allowing for near-instant finality of transactions. This makes Cosmos an excellent project with the necessary foundation for crypto adoption. Our research and analysis suggest that the coin could rise to reach a valuation of $29.82 per token before the end of 2024.
- Any nodes that are identified as dishonest are removed from the network and their staked ATOM is held for 3 weeks whilst things are looked into.
- Cosmos SDK-based blockchains will be able to incorporate the Inter-Blockchain Communication (IBC) Protocol to communicate with any other compatible blockchains.
- Cosmos’s future depends on the growth of the DeFi sector, specifically DEXes, which will likely continue to bring new users to the platform.
- For select projects, users will be able to Smart Lock their tokens for additional allocation.
- ATOM tokens can be used to pay for fees similar to how Ether is used on the Ethereum (ETH) blockchain and can be used to vote on proposals on the Cosmos blockchain.
It eventually reached an all-time low price of $1.16 per token on 13th March 2020. Based on the consensus of over 12 analysts providing Cosmos price prediction, the Cosmos coin can rise to about $17.50 before the end of the year. Crypto https://www.tokenexus.com/ asset investing is highly volatile and unregulated in some EU countries. Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Cosmos making it highly desirable for users who wish to have a varied portfolio.
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Earlier in 2021 also when the price crossed this horizontal line it showed a huge bull rally and went on to mark its all-time high. The token showed a bull rally from its support level and has now gone into a consolidation zone at present price levels. The 50 EMA (the blue line) is also coming to close to 200 EMA (the green line) which shows that the Golden Crossover is on its way. The technical indicators of ATOM are turning bullish and show that the bullishness might continue in the coming days.
