Cosmos Price Prediction 2023-2032
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: how will this affect our Cosmos Price Prediction?
How Much is Cosmos worth?
Today’s Cosmos price is $6.22, with a 24-hour trading volume of $66,798,612. Cosmos is down 3.20% in the last 24 hours. The current CoinMarketCap ranking is #26, with a live market cap of $2,304,089,964. It has a circulating supply of 370,207,804 ATOM coins and the max. supply is not available.
Cosmos price analysis: ATOM price sinks to $6.22 after a strong bearish day
TL;DR Breakdown
- Cosmost price analysis is bearish today.
- Trading volume declines as price drops.
- ATOM could continue declining as market conditions are not favorable.
The latest Cosmos price analysis shows cryptocurrency trends are going in the bearish direction for today. The price of ATOM/USD is rapidly declining as it has now dropped down to $6.22. The short-term trending line is going in the descending direction, as the bears have been at the leading position since early today. The previous day the bulls were seen in the market, but they have now been pushed back by the bears after facing rejection at the $6.44 resistance level.
ATOM/USD 1-day price chart: Cosmos lowers to $6.22 as bears return
The one-day Cosmos price analysis chart shows signs of further loss after the bears took over the market earlier this day. The past few days have also brought negative news for the bears, and the trend has also been unchanging for today. The price has decreased to $6.22 after the bears continued their lead today. The ATOM is down by 3.20%, and the 24-hour trading volume has decreased significantly.
ATOM/USD 1-day price chart, Source: Tradingview
The technical outlook for ATOM/USD shows the bears have completely controlled the market since yesterday. The MACD (Moving Average Convergence Divergence) line is dropping below the signal line, indicating that bearish pressure will continue to affect price movements. The RSI (Relative Strength Index) has also dropped close to the 36.85 level, which indicates further bearish pressure. The Average Directional Index (ADI) is also declining. Currently, the ADX is at 15.85, which suggests the bearish trend has not been exhausted yet.
Cosmos price analysis: Selling pressure mounts as ATOM/USD faces strong resistance at $6.44
The 4-hour Cosmos price analysis shows that the price has also been going downward for the last four hours. The trending line has been towards the bearish side for the past week and is still moving in the same direction. The loss has been huge as the ATOM/USD price is now at the $6.22 position, which is quite near to the support level as the downtrend has had quite an impact.
ATOM/USD 4-hour price chart, Source: Tradingview
The hourly technical indicators also show a bearish trend as the ATOM/USD pair faces strong resistance at $6.75 while the support level stays at $6.42. The MACD line has also moved below the signal line, which could indicate that bearish pressure will remain in place for some time now. The RSI (Relative Strength Index) is close to the 40 level, which is a sign of the oversold conditions in the market. The ADX line has dropped to 16.65, which suggests that the selling pressure might remain strong in the short term.
What to expect from Cosmos price analysis
To sum up, the Cosmos price analysis for today shows that ATOM/USD has been facing a bearish trend since early today, and it is continuing in the same direction. The pair has already dropped below the $7.00 level after the resistance at $6.44 held strong against any upside movement. The technical indicators also point to further downside pressure as the selling pressure continues to mount.
Cosmos Recent News/Opinions
Cosmos Hub v11 Upgrade: Enhancing Solidity Integration for Developers”
In a recent development that has captured the attention of the blockchain community, the Cosmos Hub is set to undergo a significant upgrade. Slated for August 16, the Cosmos Hub v11 upgrade promises to bring a slew of enhancements and features that will further solidify its position in the decentralized ecosystem.
The Cosmos network, renowned for its interoperability and scalability, has always been at the forefront of blockchain innovation. This new upgrade is a testament to its commitment to providing developers with the tools they need to create groundbreaking applications. One of the most anticipated features of this upgrade is the seamless integration for Solidity developers. Solidity, Ethereum‘s primary programming language, has a vast developer community. By enabling smoother integration, Cosmos is opening its doors to a plethora of innovative decentralized applications (DApps) and smart contracts.
Evmos, an extension of the Cosmos ecosystem, plays a pivotal role in this integration. With Evmos, Solidity developers can now effortlessly migrate or develop new projects on the Cosmos network. This not only expands the potential of the Cosmos ecosystem but also offers Solidity developers a broader playground with enhanced scalability and interoperability features.
The implications of this upgrade are vast. For one, it bridges the gap between two major blockchain communities – Cosmos and Ethereum. Developers familiar with Solidity can now leverage the benefits of the Cosmos network without undergoing a steep learning curve. This move is expected to spur a wave of innovative projects and collaborations between the two communities.
In conclusion, the Cosmos Hub v11 upgrade is not just another update. It’s a strategic move that positions Cosmos as a hub for blockchain innovation, welcoming developers from various backgrounds. As the blockchain landscape continues to evolve, such integrations and upgrades will be crucial in fostering a collaborative and innovative environment.
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 Overview
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.
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?
If you think Cosmos is a profitable project, you can buy the ATOM coin from several cryptocurrency exchanges, including Binance, OKEx, and Coinbase.
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.
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Conclusion
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.
