Cosmos crypto price prediction: Where next after Terra’s crash?

Cosmos crypto price prediction Cosmos crypto price prediction: Where next after Terra’s crash? – Photo: Comdas / Shutterstock.com ATOM, the native token of the Cosmos network, saw a bullish run in 2021, surging by 453.3 %. The token monetary value continued its momentum in the begin of 2022, rising above $ 40m, but the surge was ephemeral amid negative opinion in the cryptocurrency markets fuelled by Russia ’ sulfur invasion of Ukraine. The doss of the LUNA token and the TerraUSD ( UST ) stablecoin at the start of May 2022, both based on the Cosmos net, were besides identify factors in the Cosmos cryptocurrency ’ s decline. so where is the keepsake headed now ? here we take a look at what factors are shaping the Cosmos crypto calculate for 2022 and beyond .

What is Cosmos (ATOM)?

Dubbed ‘ the Internet of Blockchains ” by its establish team, Cosmos aims to build an ecosystem of mugwump interconnected blockchains, allowing them to “ interoperate while retaining their security properties ”. It was co-founded by Jae Kwon and Ethan Buchman in 2016.

Blockchains can interact through its computer architecture of zones. Users can build multi-asset public proof-of-authority ( PoA ) and proof-of-stake ( PoS ) blockchains, like the Cosmos Hub. Through this the network aims to solve a count of limitations of cryptocurrencies, including scalability, serviceability and sovereignty. The end goal, the platform ’ s web site notes, “ is to create an Internet of Blockchains, a network of blockchains able to communicate with each early in a decentralize way ”. The network ’ s focus on customisability and interoperability sets it apart from other projects. Cosmos is based on the Tendermint Byzantine Fault Tolerance ( BFT ) consensus algorithm, which is designed to ensure finality, order consistency and optional handiness. The network besides consists of the Cosmos SDK, an diligence standard for build blockchains. Cosmos ’ IBC ( bury blockchain communication ) allows blockchains within the ecosystem to connect so that they can transfer tokens and other data between one another frictionlessly and seamlessly. In addition, users can besides create marketplaces allowing for permissionless global deal. They can build autonomous application-specific blockchains, rather than smart contracts, to avoid gamey transaction fees and network congestion. furthermore, users can besides create games with alone collectibles in the kind of non-fungible tokens ( NFTs ) and character upgrades that they can monetise without third-party blessing or app storehouse fees. According to the network ’ randomness web site, some of the apps and services available on Cosmos presently include the Binance Chain ( BNB ), Terra ( LUNA ) and Crypto.org ( CRO ), with over $ 56bn of digital assets under management. While the Cosmos Hub is a multi-asset circulate ledger, it offers ATOM, its native token. ATOM is the lone staking token of the Cosmos Hub, and acts as a license, allowing holders to vote, validate or delegate to other validators. The keepsake can besides be used to pay for fees on the platform to mitigate spam, like to Ethereum ’ s ETH. The token provides security to the chain, allows holders to earn rewards and vote. As of 19 July, there are over 286 million tokens in circulation, according to CoinMarketCap. The token has a grocery store capitalization surpassing $ 2.9bn and is ranked as the 27th biggest cryptocurrency on the platform .

The bullish run: Technical view

The ATOM cryptocurrency was listed on CoinMarketCap in March 2019, and traded in bearish territory until the begin of 2021. In February 2021, ATOM surged by 174.2 %, from the low of $ 7.3839 to its first point of $ 20.25 on 13 February. Between February and May, the token managed to grow an extra 42.1 %, reaching above $ 28 by 9 May 2021. The ATOM crypto value bottomed out between May and July, dropping by 67 % to $ 9.4857 on 20 July 2021. This hold course provided an opportunity for a modern bull ply, which saw the ATOM/USD monetary value surge to its all-time high of $ 44.54 on 19 September 2021. The keepsake ’ south read level came ahead of the chopine ’ s participation in Mainnet 2021, an immersive, agenda-setting summit held annually for crypto diligence leaders. ATOM to USD chart, Mach 2019 – May 2022 ATOM saw new highs once again in October 2021, surging to $ 43.22 on 26 October 2021 as Cosmos announced that Terra became the latest range to enable IBC, bringing its native LUNA cryptocurrency adenine well as its TerraUSD ( UST ) stablecoin with it. The Cosmos cryptocurrency entered 2022 on a positive note, surging by 97.9 % to $ 41.99 on 4 January 2022 from its $ 21.22 low on 17 December 2021. A second gear tide followed on 16 January 2022, which saw ATOM ’ s value originate to $ 43.61. This was due to several reasons. GME 33.74

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Trade now first, Cosmos reported that it was nearing EVM-protocol compatibility, which would allow assets and projects that operate on the Ethereum network to migrate over to Cosmos. second, the project announced that a liquidity staking module was coming to the platform, which would give extra functionality to the stakes chain assets. That, however, was the last time ATOM was therefore close up to its all-time high, as it embarked on a bearish run for the remainder of 2022. Wider negative crypto commercialize sentiment was fuelled by the originate of the war between Russia and Ukraine, deoxyadenosine monophosphate good as by Bitcoin ( BTC ) falling below $ 27,000.

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bullish Bearish 98% 2% You voted bullish. You voted bearish. Give ATOM/USD a try depart trade or Try show The token lost approximately 79 % of its value, falling adenine moo as $ 9 by mid-may 2022, as seen on the chart above. At the time of writing on 19 July 2022, the mint was valued at $ 10.20. ATOM technical analysis provided by CoinCodex, as of the fourth dimension of write, showed that opinion on the keepsake was neutral. A proportional Strength Index ( RSI ) reading of 61.27 indicate sell. meanwhile, the token was trading above its 50-day Moving Average ( MA ) but below its 100 and 200-day MAs .

Can ATOM recover?

In some intrigue Cosmos crypto news, the network ’ s Gravity Bridge announced a number of milestones at the starting signal of March 2022, including the insertion of ATOM with Ethereum DeFi and the Cosmos NFT chopine, Stargaze, working with Gravity Bridge to send NFTs from Ethereum to Cosmos. In April 2022, Cosmos introduced its Theta upgrade, which saw the official launch of Interchain Accounts, a module that has the potential to boost interoperability, traffic and composability. In May 2022, KYVE, the Web3 data lake solution, joined the Cosmos ecosystem and migrated most of its blockchain protocol from EVM-based chain to the Cosmos SDK-based chain. At the beginning of May 2022, the prices of the LUNA cryptocurrency and the UST stablecoin crashed, losing over 90 % of their values within days. The tokens were based on the Cosmos network .

“ As always, the Cosmos ecosystem will continue to be a nourish and safe environment for boldface entrepreneurs to bring forth the Internet of Blockchains. Tendermint, IBC and the @ cosmos SDK are showing the populace how resilient & secure they are under extreme point market conditions, ” Cosmos said on Twitter during the LUNA crash. In December 2021, Cosmos promised that its hub will continue to grow in the coming class, announced the establish of interchain security and accounts, more decentralized finance ( DeFi ) projects and the rise of NFTs. “ Cosmos is not a new keepsake. It has been around since 2017 and has survived through all the down periods. Cosmos constantly remained in the clear 50, although many fresh investors may not have hear of it as it is not marketed that aggressively unlike Polygon or Binance Smart Chain, ” Anndy Lian, president of Asia ’ s BigOne Exchange, told Capital.com. According to Lian, the ATOM token took off because the Cosmos network offers “ a simple experience for blockchain developers ” with “ easy-to-understand tutorials, tools, and community aid for developers. ” In 2020, Jae Kwon stepped down from his position as one of the visualize ’ s co-founders to focus on a different project. This, according to Lian, is one of the biggest uncertainties for the Cosmos prediction. “ He exited back then after respective high-ranked employees left the company in protest of his leadership and it was reported that Kwon ’ s render to NewTendermint has continued to feud with his former Tendermint colleagues. “ I am not indisputable what is the accuracy and what are the backstories for this, but I think the lack of oneness within their group makes this nominal vulnerable, ” Lian noted. Lian added that at the consequence, ATOM has a strong support around the $ 9 range. “ Falling below this amount would mean that it may go below its launch monetary value. This could happen besides. apart from the inner risks, I would caution all to look at external risks to manage your portfolio better. ”

Cosmos (ATOM) price prediction 2022-2030

As of 19 July 2022, algorithm-based prediction serve WalletInvestor gave a bearish lookout for its ATOM prediction, suggesting ATOM was “ an bad long-run ( 1-year ) investment ”. Based on its analysis of past price performance, WalletInvestor ’ s Cosmos coin price prediction suggested that the nominal could trade at $ 0.836 in July 2023, before rising slenderly to $ 2.556 by 2027. DigitalCoinPrice gave a much more positive ATOM crypto price prediction. The site projected that ATOM could reach a target price of $ 13.12 by the end of 2022, $ 15.39 by the end of 2024 and $ 20.11 by 2025. By the end of 2027, the locate ’ s Cosmos crypto price prediction expected that the coin could reach $ 24.24. Its long-run ATOM coin price prediction showed the cryptocurrency could trade at $ 46.79 by 2030. bill that algorithm-based and analysts ’ projections can be improper. Forecasts and analysts ’ expectations shouldn ’ thymine be used as substitutes for your own inquiry. Always conduct your own application and remember that your decisiveness to trade or invest should depend on your risk permissiveness, expertness in the grocery store, portfolio size and goals. Keep in thinker that past performance doesn ’ t guarantee future returns. And never invest or trade money you can not afford to lose .

FAQs

Is Cosmos coin a good investment?

Whether ATOM is a good investment for you depends on your personal circumstances and hazard appetite. Cryptocurrencies are bad assets. You should do your own research and evaluate the level of risk you are prepare to accept before investing. Never invest money you can not afford to lose .

Will Cosmos (ATOM) price go up or down?

As of 19 July, algorithm-based bode service WalletInvestor predicted that the ATOM nominal price could fall to $ 0.836 in 2023 and $ 2.556 by 2027. On the other hand, DigitalCoinPrice forecast the token could reach $ 13.12 by the end of 2022, $ 15.39 by the end of 2024 and $ 20.11 by 2025. It should be noted that predictions can be wrong, and that forecasts shouldn ’ triiodothyronine be used as substitutes for your own inquiry. Always conduct your own due diligence before investing, and never invest any money you can not afford to lose.

How high can Cosmos coin go?

As of 19 July, algorithm-based company Wallet Investor gave a bearish ATOM prediction, noting that the token could be valued deoxyadenosine monophosphate abject as $ 2.556 by 2027. DigitalCoinPrice gave a more positive calculate, suggesting that the keepsake could be worth $ 24.24 by the end of 2027 and $ 46.79 by 2030. It should be noted that predictions can be incorrect, and that forecasts shouldn ’ deoxythymidine monophosphate be used as substitutes for your own research. Always conduct your own due diligence before trade. Never trade money you can not afford to lose .

How many Cosmos coins are there?

As of 19 July 2022, there were over 286 million tokens in circulation, according to data published on CoinMarketCap .

reference : https://tuvi365.net
Category : QUESTION COIN

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