For many observers, Project Cosmos crypto ATOM could explode in the coming weeks or months. If the asset is already in the top 30 of the major crypto projects, the room for improvement still seems very present.
Cosmos, is one of the leading projects on the subject of blockchain interoperability. In the months or years to come, the project could climb even higher in the hierarchy of the largest crypto projects. For some observers, the ATOM token’s place is even in the top 10. Here are some elements.
ATOM Crypto: A destination a la Solana?
The IBC (inter blockchain) protocol, at the heart of the Cosmos ecosystem, allows all blockchains to communicate with each other. Through a hub. A system that also allows you to exchange tokens from one blockchain to another quickly and easily. All at reduced costs.
The Cosmos network also allows developers to create their own blockchain: Cosmos SDK. Each blockchain created through the Cosmos SDK can serve as a hub within the inter-blockchain protocol.
Good to Know: Binance Smart Chain was built around the Cosmos SDK. The same is true for the Terra project blockchain or the Thorchain project.
Like Solana, the Cosmos network, backed by its crypto token ATOM, intends to further develop in the world of decentralized finance. Offering many applications. The decentralized exchange Gravity is also a very good example. An exchange that allows more freedom of movement than other exchange platforms such as Uniswap. In fact, through Gravity, it is possible to exchange cryptographic tokens on various blockchains. As long as they are part of the IBC protocol. Or 9 different blockchains as of this writing.
The Cosmos protocol is also intended to be developed in inter-blockchain staking. Among the project’s most ambitious projects, connecting the blockchain to Bitcoin could allow the token to continue its ascent. By 2022, the Cosmos network should also be able to integrate NFT. Smart contracts should see the light of day too. These will be used in particular to tokenize more traditional financial assets.
Focus on the price of ATOM in 2021
The following graph shows the course of the Cosmos project during the year 2021.
While it evolved at $ 6.40 at the beginning of the year, the token experienced a first bullish phase in February. Well encouraged by the bull run that later reigns on the price of Bitcoin or the price of Ethereum, but also on the entire cryptocurrency sector. After a phase of relative stagnation until May, the token corrects itself. Here again, true to what we find in the global cryptocurrency market.
On July 21, when the market is at its lowest, the ATOM token sees its price drop below $ 10. Then the recovery will be quite fast. In just 1 month, the token recovers the threshold of $ 20. In mid-September, the all-time high recorded in May was again surpassed. A token is exchanged for more than $ 35. But the bull phase is not over for ATOM. On September 20, the project meets its ATH. With a token trading for almost $ 45. Today, the asset appears to have entered a correction phase. As of this writing, a token is trading at $ 37.50.
Since the beginning of the year, the project has seen the price of its token rise by almost 500%. However, for some, this increase is just beginning. And for this, they take for example the price of Solana, which went from $ 1.50 at the beginning of the year to almost $ 200 today.
ATOM Crypto: What Do Prediction Algorithms Say?
In the long term, the project could continue to progress. In any case, this is the opinion of many prediction algorithms. In fact, according to data from WalletInvestor, the price of the token could reach the threshold of $ 55 in 12 months. Longer term, the platform’s models estimate that the asset could trade around $ 140 by 2025.
DigitalCoinPrice also shares the same optimistic conclusions. For its part, the platform estimates that the token could be exchanged for about $ 60 by the end of 2021. That is, an increase of almost 50%. In the longer term, optimism is also essential. During the year 2024, the platform estimates that the token could exceed $ 100. The TradingBeasts platform appears to be more measured in its appreciation.
Obviously, these forecasts must be viewed with the utmost caution. Even more so for the long-term established.
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