As cryptocurrencies become more popular, so is their popularity. To determine the value of a cryptocurrency and determine if it’s a profitable investment, traders must conduct market research.
Apart from Ethereum and Bitcoin, the most widely used cryptocurrencies, there are many new additions like Cosmos (ATOM), which have proven to be a good investment for traders and investors.
This article will focus on the prediction of cryptocurrency prices. We’ll also be looking at Cosmos’ blockchain network. Investors can use this information to understand its operation and offer to the public.
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What’s a Cosmos coin?
Cosmos coin, also known as ATOM, is the native cryptocurrency that powers Cosmos.
AtOM cryptocurrency allows its owners to contribute to the security and governance of the blockchain network.
Holders have the opportunity to delegate (stake) their ATOM tokens on the blockchain to validators and in turn earn more tokens using the proof-of stake consensus mechanism.
How Many ATOM coins are currently in circulation?
At present, there are 277,752,198 coins in ATOM. There are 219,967 5,955 coins in circulation. This means that only 80% of these coins can be traded among investors. Two companies hold the remaining 20%: the Interchain Foundation, and the All in Bits.
Important to remember is that the total supply of ATOM tokens keeps growing as users stake more. This is what makes ATOM unique from other cryptocurrency, which are added to market via mining.
What’s the Cosmos Blockchain Network?
Cosmos Blockchain Network, also known as the Internet of Blockchains or the Internet of Blockchains is a decentralized network of interconnected blockchains (decentralized apps) called Zones. It is a crypto network that unites multiple blockchains using open-source tools that facilitate streamlined transactions.
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Cosmos Hub was the first blockchain developed. It is the heart of the entire ecosystem. Other developers have created other blockchains that are interconnected to the Cosmos Hub. The Cosmos Hub keeps a record of all Zones within the ecosystem as well as their current states.
Cosmos Hub was the first blockchain developed. It is the heart of the entire ecosystem. The hub connects all blockchain applications developed by other developers to each other, and maintains a record about the Zones within the ecosystem as well as their states.
It is important that you note that the ecosystem does not have a central party that controls or facilitates its activities. Each Zone has the ability to programmatically share tokens or data with the ecosystem.
The key elements of Cosmos
The five core elements of the Cosmos ecosystem are:
Cosmos Hub – This is the central blockchain to which the Zones are linked. It acts as an intermediary among all the other blockchains in the Cosmos network. It allows for interoperability between all other blockchains within the ecosystem, and tracks each blockchain’s state.
Zones – These independent blockchains are created by developers and attached to the Hub in 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 protocol allows information to flow freely between the interconnected Zones.
Cosmos Software Development Kit (SDK). This software development tool allows developers to use Blockchain to create blockchains using the Tendermint consensus mechanism.
Who were the Cosmos founders,
Ethan Buchman, Jae Kwon and Jae Kim co-founded Cosmos Network in 2014. These two developers were the ones that created the Tendermint consensus system, which powers Cosmos.
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The blockchain was also developed by two companies. These are the All in Bits and the Interchain Foundation, a Swiss non-Profit that funds open-source blockchain projects.
The ICF was responsible in 2017 for the first ATOM token ICO that raised approximately $17 million. Cosmos later became Tendermint Inc. and conducted a second fundraising round in 2019. They raised $9 million to keep the project going.
Why is Cosmos so special?
There are many blockchains in the world. However, only a handful of them can share information or communicate with each other. This is a major problem within the blockchain industry. Cosmos developers set out to solve this problem. It allows developers to create blockchain in an ecosystem that allows them to communicate with one another and exchange tokens between the different blockchains.
Cosmos is often referred to as “the internet of blockchains”.
Developers can also quickly create decentralized applications or blockchains using the Cosmos SDK without having to code it all from scratch.
Cosmos is used by many blockchains and it is worth investing in because investors can always find something that interests them within the ecosystem.
Advantages of owning the Cosmos ATOM cryptocurrency?
Blockchain developers are searching for platforms that enable them to create custom blockchains, without the need to code every program from scratch. This is what Cosmos offers. The Cosmos price could rise as a result of the increased demand for blockchain developers.
ATOM holders have the ability to use the token to trade, spend within the DeFi ecosystem, send as payments or even stake more ATOM coins.
How can you purchase Cosmos tokens in the UK?
Cosmos could be a lucrative project if you buy ATOM coins from many cryptocurrency exchanges like Binance, OKEx and Coinbase.
You can either store the Cosmos cryptocurrency coin in the exchange from which it was purchased or you can transfer it to any one of the following crypto wallets; Atomic Wallet. Cobo. Cosmostation. Huobi Wallet. imToken. Kepler. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger. Ledger.
These crypto exchanges allow you to trade Cosmos cryptocurrency. It is crucial to conduct a technical analysis of Cosmos’ price before you trade. Also, make sure to read and research to learn what experts have to say about Cosmos’ prediction for 2021-2022.
Next: Cosmos Price Predictions for 2025
Cosmos is an ambitious project, but it fulfills a real need in the cryptocurrency space. It is not surprising that industry analysts are positive about ATOM’s future.
WalletInvestor predicts sustained growth over the next four years. Cosmos ATOM will finish 2021 with an average trading price of $25, before rising past the $30 barrier in 2022. ATOM could trade at over $40 by January 2023 and may even surpass PS50 by the end of the year. WalletInvestor predicts that Cosmos will be worth $71 per token by 2025.
DigitalCoinPrice’s prediction for the price of Cosmos is equally optimistic. According to the technical analysis, ATOM will reach $31.87 by 2021 and continue growing steadily over the next year. Cosmos will be worth on average $46.50 by 2023. Two years later, the platform expects it to reach $75.29.
Gov Capital also expects big things from Cosmos. The platform’s ATOM price forecast for 1 year is $44.95, but it expects that the token will be close to $214 after 5 years. This would represent a 3200% increase on the current price.
What Will Cosmos Be Worth in Five Years?
According to Cosmos projections by CoinLiker, the ATOM Coin price will rise substantially in the future, trading at $32 and $45 respectively in 2021 and 2023, and $85 respectively in December 2025, according to CoinLiker.
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Experts predict that Cosmos will rise to $35 by 2021 and $56 by 2022. It is expected to soar to $90 by December 2025, according to their Comos price prediction.
Look Further: Cosmos Price Predictions 2030
Analysts of cryptocurrency are more challenged when they look further ahead because the market is susceptible to rapid change and any legislative developments can have profound consequences for the entire industry.
As things stand, Cosmos will continue to be a strong company in the medium to long term. DigitalCoinPrice anticipates that ATOM will continue its upward trend, ending 2026 at $86.17, and increasing in value over 2027. ATOM will trade at more than $90 by 2028 and may even surpass the $100 barrier.
Coin Price Forecast also predicts what Cosmos will be worth in 2030, according to its predictions. Based on its analysis of price data, ATOM is expected to reach $63 in 2025 and $95 in 2030.
Experts expect that the price of Comos (ATOM), by 2030, will be around $86.37.
Crypto Research Report, a cryptocurrency research company, is asking Cosmos (ATOM), to reach $85 in 2025 and $155 in 2030.
Cosmos Predictions 2025-2030
Comes prices are expected to increase from $55 in 2025 to $142 by 2030.
Conclusion – Should You Invest in Cosmos?
Cosmos claims to address a problem that could be of increasing importance to the many projects in the cryptocurrency space. Interoperability will be an important factor as DeFi grows in complexity.
Cosmos has an architecture that is highly complex and can provide true interoperability. Although it has its rivals, its price history indicates that it can compete with Polkadot.
Cosmos price forecasts point to significant growth in the next years. While these predictions are at best speculative, they do indicate confidence in ATOM’s long-term potential.
Cosmos is a great option if you are looking to invest in one of the more utilitarian projects on the cryptocurrency market.