Cosmos, dubbed the “Internet of Blockchains,” is a decentralized network of distinct but interoperable blockchains that may exchange data and currency without the need for permission. It aims to address some of the issues that existing blockchains have, such as scalability, usability, and governance, by providing developers with the tools they need to quickly build different blockchains for a variety of use cases and allowing blockchains in the network to connect with one another. The Tendermint proof-of-stake Byzantine fault-tolerant protocol powers the Cosmos ecosystem’s autonomous blockchains, known as Zones. A Byzantine fault-tolerant consensus mechanism allows the network to establish consensus even if some nodes fail or act maliciously.
ATOM is Cosmos’ native token. Users can stake their coins, pay for transactions, and participate in the governance process, among other things. The first ATOM tokens were distributed when its mainnet went live, to early donors, token sale participants, the Cosmos Foundation, and core developers. New ATOMs are generated as an incentive for network validators. ATOM tokens are obtained by staking. Although it may appear weird, these tokens in a proof-of-stake system are equivalent to the A6 used for Bitcoin mining in a proof-of-work environment.
Price
In 2017, Cosmos raised $16 million in an initial coin offering (ICO). Approximately 20% of funds went to the coin’s developers and founders, with the remainder going to investors.
Cosmos’ annual inflation rate ranges from 7% and 20%. The rate automatically swings depending on how much money is “staked” at once, as guided by the Cosmos protocol.
“Staking” is analogous to investing money and generating a profit. To gain incentives, users can “stake” their ATOMs (lock them up in a smart contract for a set amount of time). The procedure is analogous to putting money into a bank account to earn interest over time. Stakers are rewarded for their efforts in securing the network.
ATOM’s pricing ranged between $2 and $8 in 2019 and 2020. ATOM’s price reached a high of $29.44 in May 2021 during a crypto bull run. ATOM’s price reached an all-time high of $44.54 four months later. ATOM’s price then fell temporarily before rising again to $43.22 in October 2021.
Analysis
Cosmos is one such project that tries to address ‘Proof-of-Work’ concerns. Many prominent projects in the blockchain industry use it. The project’s major purpose is to reduce the complexity of blockchain technology.
Tendermint founders Jae Kwon, Zarko Milosevic, and Ethan Buchman first sketched out the project in 2014. Furthermore, in 2016, the whitepaper was released, and the project’s native token ‘ATOM’ was also created through a sale. Cosmos is a veteran project that has been around for quite some time. As a result, the asset is available for trading on a variety of platforms.
On Daily Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Atomera (ATOM) is -0.07, indicating that Atomera is a Buy.
- Atomera’s (ATOM) 20-Day exponential moving average is 8.54, and its share price is $7.95, indicating a Sell.
- Atomera’s (ATOM) 50-Day exponential moving average is 8.42, and its share price is $7.95, indicating a Sell.
On Weekly Chart:
- Atomera’s (ATOM) Moving Averages Convergence Divergence (MACD) indicator is 0.17 on the weekly chart, indicating that Atomera is a sell.
- Atomera’s (ATOM) 20-Day exponential moving average is 8.20, and its share price is $7.95, indicating a Sell.
- Atomera’s (ATOM) 50-Day exponential moving average is 9.05, and its share price is $7.95, indicating a Sell.
Indicators:
- The Relative Strength Index (RSI) for Atomera (ATOM) is 48.60, indicating a Neutral signal.
- The Trend Strength Indicator (ADX) for Atomera (ATOM) is 21.55, indicating a Neutral signal.
- The Commodity Channel Index (CCI) of Atomera (ATOM) is 20.94, indicating a Neutral signal.
- The Price Rate of Change (ROC) for Atomera (ATOM) is 45.07, indicating a Buy signal.
Predictors:
Price Prediction for Cosmos (ATOM) in 2023
The expansion of crypto assets may be modest in 2023. Cosmos Coin is expected to reach a maximum price of $26.67 by 2023, according to our price projection. If there is a bull market in 2023, the prices of Cosmos Coin may rise higher than we predicted. The average price of Cosmos Coin, on the other hand, is around $19.18. In addition, if there is a bearish trend, the minimum price of the Cosmos Coin token can fall as low as $11.84.
Price Prediction for Cosmos (ATOM) in 2025
According to our Cosmos forecast, Cosmos Coin values may reach a new all-time high this year. Depending on the market direction, we could see an average price of $59.85 by 2025. Cosmos Coin’s highest price forecast for 2025 is $71.13. While the lowest possible price is roughly $48.71. If the market turns positive, the Cosmos may rise more than our 2025 Cosmos Coin price projection.
