With blockchain and cryptos being one of the hottest trends over the recent years, the number of existing coins (also known as altcoins, as opposed to bitcoin) and blockchain projects is growing exponentially. Today we’ll be talking about Cosmos, its token, ATOM, and ATOM price prediction by crypto experts. Why Cosmos of all various crypto projects? First of all, it’s a very interesting phenomenon, which deserves to be known to a wider range of crypto enthusiasts.
While Bitcoin (and hundreds of other coins), for example, exist within one blockchain, the interaction between two blockchains – say, Bitcoin and Ethereum, – is going to be hindered, since there are only so many transactions per second most blockchains can handle. Basically, Cosmos is a brand new take on cryptocurrency: it claims to be ‘the internet of cryptos’, thus solving the problem of the limited amount of transactions and the communication problem. Unlike Bitcoin and many other crypto projects, Cosmos consists of many blockchains rather than one, all being connected to a central blockchain called ‘Hub’. This structure helps answer the Byzantine General’s Problem, an issue in the crypto industry.
Even before its launch in 2017, Cosmos had gathered a large audience, being labeled as ‘one of the most promising crypto projects’. The project’s own token, ATOM, isn’t supposed to be a currency or a mean of exchange, being used for staking on the blockchain exclusively. Here is a brief history of the price of Cosmos coin, according to one of our blockchain colleagues.
After establishing Tendermint Inc. and creating the Tendermint consensus algorithm in 2014, the creators of the project developed the ability to connect the core to applications written to any language through the ABCI interface in 2015. With that, creating independent blockchains using any programming languages became possible. The project being developed further, the creators managed to raise $17 million in 2017, and the price of one Cosmos coin during the ICO was $0.1. The ATOM token wasn’t on crypto exchanges until 2019, and when it finally appeared there, the cost of one token reached $8 at its peak.
As of today, October 2019, ATOM is trading at 2.54$. What about Cosmos coin price prediction as of late 2019? Some experts predict that by the end of the year, the token will cost $2.49, and doubt there will be any dramatic rises or falls over the course of the next couple of years. Should the developers improve the system, the price, though, might rise up to $3.1.
When it comes to Cosmos price prediction as of 2020, Coinpedia provides the following information: as the year 2020 might be important for the crypto industry, the ATOM price might grow significantly. In 2020, the Cosmos price is said to trade in the range of $8-$9. According to Wallet Investor, however, the future doesn’t look so bright for Cosmos enthusiasts: this resource expects Cosmos to crash altogether in the near future. On the contrary, another blockchain resource, Previsioni Bitcoin, states that ATOM price is going to skyrocket soon. Their Cosmos price prediction for the year 2021 is ranging between $21 in January and $42.8 in December, the peak being July with the price prediction of almost $60.
As for Cosmos price prediction for 2025, Coinpedia states the following: ‘The coin showed good growth since its listing stage. The Cosmos coin will see many fluctuations in the year 2021, with its price ranging between $9-$11. Moving further, in the year 2022, Cosmos will start trading at a lower range of $9 which again increases to $13 by the end of 2022. In 2023, the Cosmos coin price will trade in the range of $13- $15. The year 2024 will see a lot of ups and downs as the year will start at $14 and fluctuate between $14-$17. Eventually, 2025 will be a stable year as the price will trade in $17 – $17.05.’
Despite the fact that the predictions significantly differ from year to year and from resource to resource, Cosmos remains a promising blockchain project. Should you want to invest in ATOM token, remember you can always buy Cosmos coin on ChangeNOW — and hundreds of other coins.