Cosmos Price Prediction 2023-2032
- Cosmos Price Prediction 2023 – up to $13.33
- Cosmos Price Prediction 2026 – up to $40.11
- Cosmos Price Prediction 2029 – up to $121.24
- Cosmos Price Prediction 2032 – up to $369.85
Binance chief executive Changpeng Zhao likened the recent FTX collapse to the start of the 2008 financial crisis. Will its demise cause other crypto firms to fold? The debacle promises to have its repercussions in 2023 That’s the essential question, for now, is how will this affect our Cosmos Price Prediction?
Today’s live Cosmos price is $8.91, with a 24-hour trading volume of $52,249,111. Cosmos is down 0.99% in the last 24 hours. The current CoinMarketCap ranking is #25, with a live market cap of $3,087,438,415 USD. It has a circulating supply of 346,608,690 ATOM coins and the max. supply is not available.
Cosmos price analysis: ATOM corrects higher at $6.81 after a prolonged bearish phase
- Cosmos (ATOM) registered a steep correction yesterday that lifted the prices from its multi-week lows.
- ATOM price is stuck below $9.0 and could be set for further losses soon.
- The next crucial support on the downside exists at $6.30.
Cosmos (ATOM) is slowly recovering from its multi-week bearish phase as bulls attempt to keep prices around $9.0. It registered a steep correction yesterday, pushing prices higher from their lows near $6.30. ATOM’s price is now trading around the $7.0 mark but still seems to be stuck below the crucial resistance at $9.0.
The price action of Cosmos has seen a series of lower highs and higher lows since it first breached the $ 9.00 mark in July this year, suggesting indecision among market participants. The overall market sentiment of ATOM has remained in the bearish zone since then, and it will have to break above $9.0 convincingly to start a meaningful uptrend.
ATOM technical analysis on a daily chart: ATOM corrects at $8.90
ATOM price has been making steady progress daily since it broke out from the symmetrical triangle pattern, near $ 6.30. The current price action of ATOM is consolidating between $7.0 and $9.0, although bulls have successfully pushed prices to the higher side of this range recently.
The bulls must move past the key resistance at $9.00 for a sustained rally. On the other hand, if ATOM’s price moves below the crucial support at $6.30, it could see further losses in the near term. The MACD and RSI indicators are trading in negative territory, suggesting that sellers have control of the market for now.
The price of ATOM is trading near the SMA 20 line, and a break above this level could help lift the prices back to $9.0 in the upcoming sessions. Furthermore, if ATOM breaks out from the bearish channel it is currently forming, it should result in further bullish momentum in the near term.
ATOM/USD 4-hour chart analysis: Bulls attempt to push ATOM back to $9.0
The 4-hour chart shows that ATOM bulls are attempting to increase prices after a prolonged bearish phase. The prices have managed to move above the downward-sloping trendline and could continue in this direction if buyers can keep up the momentum. If ATOM’s price breaks out from the $9.0 resistance, it could be set for a short-term rally in the coming sessions.
On the downside, if ATOM falls below $6.30, further losses are likely as bears take control. The Moving Average Convergence Divergence is increasing steadily, indicating buyers have taken the upper hand. But if ATOM’s price moves below the SMA 20 line, it could be a sign of further bearishness in the near future.
The Bollinger bands are closing in, suggesting that a breakout is imminent. The Relative Strength Index has also moved near 50, confirming buyers are slowly entering the market.
What to expect from Cosmos price analysis
Cosmos price analysis for July 28 shows a downtrend of 1.11% over the past 24 hours. ATOM is trading at $8.91. Bears seem to be controlling the market, but bulls are slowly gaining momentum as they attempt to push prices higher from their multi-week lows near $6.30.
The key resistance for ATOM lies at $9.00, and a breakout from this area could result in further upside for the crypto asset. On the downside, if ATOM falls below $8.30, further losses are likely as sellers take control of the market.
Cosmos Price Prediction by Cryptopolitan
Cosmos Price Prediction 2023
According to the Current Cosmos price prediction and technical analysis, the price of Cosmos is expected as the entire cryptocurrency market recovers from the recent lows. The maximum price forecast for 2023 is $13.33 and an average price of $11.72.The least possible price for 2023 is expected to be $11.34.
Cosmos Price Prediction 2024
The Cosmos price prediction for 2024 expects the price of ATOM to reach a minimum value of $16.45 and an average price of $17.03, with a maximum trading price of $20.01 across the year 2024.
Cosmos Price Prediction 2025
In 2025, Our Cosmos price forecast estimates the price of COSMOS to reach a minimum price of$22.95, an average value of $23.80, and a maximum trading price of $28.57.
Cosmos Price Prediction 2026
The Cosmos price prediction for 2026 estimates the price of ATOM to trade at a minimum price of $34.31, an average trading value of $35.27, and a maximum price of $40.11 throughout the year 2026.
Cosmos Price Prediction 2027
By 2027, our Cosmos ATOM price prediction estimates the coin to attain a minimum price of $48.98 and an average price of $50.75 with a maximum forecast of $58.89 throughout 2030.
Cosmos Price Prediction 2028
The Cosmos ATOM price forecast for 2028 is ATOM to reach a minimum price of $69.07, an average trading value of $71.61, and a maximum trading price of $86.31 over the course of 2028.
Cosmos Price Prediction 2029
According to our Cosmos price prediction for 2029, the price of ATOM is estimated to achieve a minimum price of $102.51 and an average forecast price of $106.09, with a maximum price target of $121.24.
Cosmos Price Prediction 2030
Our Cosmos price prediction for 2030 suggests that the price of ATOM could reach a minimum value of $147.36 and an average trading value of $152.67, with a maximum forecast price target of $176.05 across 2030.
Cosmos Price Prediction 2031
The Cosmos price prediction for 2031 suggests the price of ATOM could reach a minimum price of $207.30 and an average price of $213.40.The maximum price forecast for 2031 is $251.40,
Cosmos Price Prediction 2032
In 2032, our Cosmos price prediction estimates ATOM to reach a minimum price of $296.43 and a maximum value of $369.85, with an average trading price of $307.10.
Cosmos Price Prediction by Wallet Investor
According to Wallet Investor, Cosmos is projected to experience a gradual decline in price over the next five years. Their Cosmos price prediction indicates that by the end of 2023, the average price of Cosmos is estimated to be approximately $0.794, representing a significant decrease of around 87.63% compared to its current value. Wallet Investor’s analysis suggests that a long-term increase in the price of Cosmos (ATOM) is not anticipated, and a price crash is likely.
Cosmos Price Prediction by Coincodex
At Coincodex, a short-term bearish outlook is expected regarding Cosmos price prediction. The Coincodex Cosmos price forecast estimates the value of ATOM to decline by -0.42% and reach $ 7.82 by June 15, 2023. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index shows 49 (Neutral). Cosmos recorded 17/30 (57%) green days with 3.80% price volatility over the last 30 days. Coincodex suggests it’s now a bad time to buy Cosmos.
The long-term Cosmos price suggests that in the best-case scenario, ATOM price prediction for 2026 is $ 251.00 if it follows Facebook’s growth. If Cosmos would follow Internet growth, the prediction for 2026 would be $ 28.79.
Cosmos Price Prediction by Gov Capital
Based on the current price and Gov Capital ATOM price prediction data, the Cosmos (ATOM) price has been on an uptrend for the past 1 year. The price predictions consider several variables, such as volume changes, price changes, market cycles, and similar coins. According to the Gov Capital ATOM forecast, the future ATOM price is predicted at $36.016 after a year.
Cosmos Price History
- The Cosmos cryptocurrency was first listed for trading in Mid-March 2019; its price was about $7.5.
- The ATOM coin price remained below the listing price until the beginning of 2021 when the prices started skyrocketing.
- Cosmos price hit an all-time high of $32.14 on May 07, 2021, after which the coin has turned to a bearish trend, though it seems to be the current trend among all cryptocurrencies, including Bitcoin and Ethereum.
Cosmos Recent News/Opinions
In a recent announcement, Osmosis Labs, the developer of the Cosmos-based decentralized exchange Osmosis (OSMO), revealed the launch of a groundbreaking feature called “concentrated liquidity.” This new feature empowers liquidity providers (LPs) on Osmosis to set their desired minimum and maximum prices for buying or selling cryptocurrencies. Osmosis is one of the leading decentralized exchanges within the Cosmos ecosystem, boasting a daily trading volume of approximately $120 million, as reported by DefiLlama. By introducing concentrated liquidity, Osmosis aims to enhance the flexibility and control that LPs have over their trading strategies.
The Cosmos ecosystem, composed of interconnected blockchain networks utilizing the Cosmos software development kit and the Inter-Blockchain Communication (IBC) protocol, is witnessing significant developments. Kava, a Layer-1 blockchain that combines the development capabilities of Ethereum with the speed and interoperability of Cosmos, has recently launched the Kava 14 upgrade. This upgrade introduces an “internal bridge” technology that enables seamless conversion between native Cosmos assets and Ethereum’s ERC20 token standard. Kava has gained substantial traction, with Tether choosing it as the gateway for issuing native USDt on Cosmos. The Kava 14 upgrade facilitates the minting and easy conversion of USDt on Cosmos, enabling transactions with USDt across various Layer-1 networks, including Bitcoin, Ethereum, TRON, and more.
The Cosmos ecosystem’s growth is further amplified by additional developments. Kucoin, a renowned cryptocurrency exchange, now supports Kava’s Cosmos and EVM networks, providing a reliable centralized exchange (CEX) for user transactions within the Cosmos ecosystem. Moreover, Curve Finance, a decentralized finance (DeFi) platform, has introduced a USDt liquidity pool, offering an alternative avenue for experienced users. Stargate, a prominent omnichain liquidity layer, is also on the verge of launching on Kava, anticipating increased usage and liquidity. These advancements follow a governance proposal aiming to expand the scope of the Kava Rise incentive fund. The Kava 14 upgrade enhances the safety, security, and reliability of asset conversion for DeFi builders and users within the Cosmos ecosystem, marking a significant step forward.
YDX Accelerates Launch of Public Testnet on Cosmos-Based Blockchain
DYDX, the decentralized exchange (DEX) platform, has announced a new date for the launch of its public testnet on the Cosmos-based blockchain. The testnet, which was originally scheduled for the end of July, will now go live on July 5, weeks ahead of the initial plan. DYDX Foundation, the non-profit organization behind the DEX, is preparing to transition from the Ethereum ecosystem to Cosmos later this year.
The public testnet marks the fourth phase of DYDX’s five-stage milestones in testing its Cosmos-based blockchain. During the private testnet phase, the team made several improvements to the network, including enhancements to market makers and validators, limit orders, dynamic funding rates, and ABCI 2.0, among other features of Cosmos-SDK.
With the upcoming public testnet, users will be able to explore and test additional features such as accessing order books, account balances, order history, and market data. The network will also have multiple validators running the software. Initially, the testnet will support Bitcoin and Ethereum markets, but DYDX plans to expand it to include at least 30 markets in the future.
DYDX’s decision to move away from Ethereum is primarily driven by Ethereum’s scalability issues. Despite exploring various layer2 solutions, Ethereum still struggles to process transactions quickly enough. The DEX aims to address this by migrating to Cosmos, which offers scalability and interoperability benefits. The completion of the public testnet will lead to the final milestone (v5) before the mainnet launch, expected in September when DYDX officially transitions to Cosmos.
More on the Cosmos Network
What is Cosmos coin?
One major concern within the blockchain industry is that there are hundreds if not thousands of blockchains around the world, but only a few of them can communicate or share information. Cosmos developers aimed at solving this problem, and that is what Cosmos is doing. It provides a platform for developers to develop blockchain within an ecosystem where they can communicate with each other and send tokens from one blockchain to the other.
That is why Cosmos is commonly referred to as the internet of blockchains.
The Cosmos SDK also allows developers to quickly develop blockchains or decentralized applications without coding the entire program from scratch. With many blockchains using Cosmos, it is a worthy investment since investors can always find something of interest within the ecosystem.
Cosmos coin (commonly referred to as ATOM) is the native cryptocurrency that powers Cosmos. ATOM cryptocurrency allows its holders to contribute to the governance and security of the blockchain network.
Holders also have a chance of delegating (staking) their ATOM tokens to the validators on the blockchain and, in turn, earning more tokens through the Proof-of-Stake consensus mechanism.
This makes Cosmos price predictions quite important. There are many traders who want to know when to buy Cosmos and when to sell Cosmos. But, it can be concluded that Cosmos will also give great benefits if you hold it.
How many ATOM coins are in circulation supply?
The current total ATOM supply is 222,078,856 with 279,863,459 coins currently in the circulating supply, meaning only 80% of the coins are available for trading among investors. The remaining 20% is held by two companies: the Interchain Foundation and All in Bits.
It is important to note that the total supply keeps increasing as more and more ATOM tokens get earned by the users through staking. This makes ATOM different from other cryptocurrencies, which are added to the market through mining.
What is the Cosmos blockchain network?
Cosmos Blockchain Network also referred to as the Internet of Blockchains, is a decentralized ecosystem of interconnected blockchains (decentralized applications) known as Zones. It creates a crypto ecosystem that unites different blockchains through open-source tools that allow streamlined transactions between them.
The first blockchain to be developed was the Cosmos Hub, which forms the core of the entire ecosystem. The other blockchains, developed by other developers, are connected to the Cosmos Hub and interconnected. The Cosmos Hub maintains a record of the Zones in the ecosystem and their states.
It is important to note that no central party controls or facilitates activities within the ecosystem. Every Zone can share tokens and data within the ecosystem programmatically.
Key elements of Cosmos
Cosmos ecosystem has five key elements:
- Cosmos Hub – This is the core blockchain to which the Zones are attached and it acts as an intermediary between all other blockchains within the Cosmos network. It provides interoperability among all the other developed blockchains in the ecosystem and keeps track of each blockchain’s state.
- Zones – These are independent blockchains that developers develop and attach to the Hub within 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 is the communication protocol that is responsible for connecting the Zones to the Hub thus allowing the free flow of information between each of the interconnected Zones.
- Cosmos software development kit (SDK) – This software development kit allows developers to use blockchain to develop blockchains by leveraging the Tendermint consensus mechanism.
Who are the Cosmos founders?
Cosmos Network was co-founded by developers Ethan Buchman and Jae Kwon in 2014. These two developers are the ones who came up with the Tendermint consensus mechanism, which now powers Cosmos.
Two companies were also very actively involved in developing the blockchain. They are the All in Bits and the Interchain Foundation (ICF), a Swiss non-profit organization that funds open-source blockchain projects.
The ICF was responsible for conducting the first ATOM token ICO in 2017 which raised about $17 million. However, Tendermint Inc., which later became Cosmos, conducted another fundraising round in 2019, raising $9 million to continue with the project.
Advantages of owning the Cosmos ATOM
With the world turning to blockchain technology to solve a myriad of problems that affect every industry, blockchain developers are looking for platforms that allow them to develop custom blockchains without having to go through the rigorous process of having to code the entire program from scratch and that is what the Cosmos provides. As a result, blockchain developers could flock to Cosmos, resulting in a hike in the Cosmos price.
ATOM holders can use the token for trading, spending within the ecosystem where several DeFi projects invest, sending as payments, or even staking to earn more ATOM coins.
Where can you buy Cosmos tokens?
Once you purchase the Cosmos crypto coin, you can store it either in the crypto exchange where you bought it from or transfer it in any of the following crypto wallets: Atomic Wallet, Cobo, Cosmostation, Huobi Wallet, imToken, Kepler, Ledger, Lunagram, Lunie, Math Wallet, Rainbow Wallet, Qbao Wallet, Trust Wallet, Wetez and Crypto.com.
You can also trade the Cosmos cryptocurrency on these crypto exchanges. However, before starting to trade, it is important to do some technical analysis on Cosmos’ price and do some research and reading to find out what experts say about Cosmos price prediction 2021 2022.
Cosmos Network New Developments
The Cosmos network is constantly evolving and always looking to outdo competitors. Some of the most significant developments on the blockchain are driven by its desire for seamless interoperability of blockchains.
The network has also announced the expected launching of its Interchain Security (ICS) intended to allow validators on the Cosmos Hub to produce and secure blocks for new chains.
- Cosmos 2.0: Uniting blockchains, interchain security, new issuance model for ATOM, and more
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The current market trends and infrastructure supporting the ATOM token make it an incredibly compelling investment opportunity. With Cosmos’ commitment to interoperability and its huge potential for growth in the near future, there’s no denying that ATOM is a sound choice for any investor looking for strong returns. The future is grim for Cosmos should any of its major contenders begin to grow at a faster rate than it. Additionally, the project will become extinct if Blockchains construct their links with other networks that do not rely on third-party platforms such as Cosmos.
With the ever-expanding number of altcoins, there are many potential interoperability solutions for the cryptocurrency market. However, predicting which will be most successful in this dynamic environment is difficult. Ultimately, evaluating the fundamentals makes it clear that this token is a dependable long-term investment. With its active development, the potential for scaling, and a dedicated team of developers, the Cosmos Network provides a platform on which many ambitious projects can be built.
A few months ago, ATOM was one of the best-performing coins gaining over 27%. This price growth is due to many factors, including the continued expansion of the Cosmos ecosystem. In early September, Delphi Digital labs, a top analytics firm and protocol developer, announced Cosmos as its primary blockchain for hosting new projects.
Cosmos is a highly-rated crypto project with massive potential for widespread adoption. Going by the Cosmos forecasts, the price of ATOM is expected to rise. Every Cosmos price prediction shows a bullish trend in the short and long terms. Nevertheless, do due diligence before making investment decisions.
It is always important to do thorough research on the cryptocurrency market before investing in any digital coin to understand what to expect especially owing to the high volatility nature of the crypto market.