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

Cosmos crypto price prediction: Where next after Terra’s crash? Cosmos (ATOM) Abstract Cryptocurrency. With a dark background and a world map. Graphic concept for your design. 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 range in 2021, surging 453.3 %. In the begin of 2022 the token continued the momentum, rising above $ 40. But, the billow was ephemeral amid veto opinion in the cryptocurrency markets fuelled by Russia ’ s invasion of Ukraine. The crash of the LUNA token and the TerraUSD ( UST ) stablecoin at the begin of May 2022, both based on the Cosmos network, were besides key driving points in the universe cryptocurrency ’ s refuse. Where is the keepsake headed now ? here we take a look at what factors are shaping the universe crypto calculate for 2022 and beyond .

What is cosmos (ATOM)?

Coined as “ the Internet of Blockchains ” by its initiation team, Cosmos aims to build an ecosystem of independent interconnect 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 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 means. ” The network ’ second stress on customisability and interoperability sets it apart from other projects. Cosmos is based on the Tendermint Byzantine Fault Tolerance ( BFT ) consensus algorithm 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, preferably than smart contracts, to avoid high transaction fees and net congestion. furthermore, users can besides create games with alone collectibles in the shape of non-fungible tokens ( NFTs ) and character upgrades that they can monetise without third-party approval or app storehouse fees. According to the net ’ s web site, there are presently ( 30 May ) 265 apps and services on Cosmos, including the Binance Chain ( BNB ), Terra ( LUNA ) and Crypto.org ( CRO ), with over $ 66bn of digital assets under management. While the Cosmos Hub is a multi-asset stagger daybook, it offers ATOM, its native token. ATOM is the alone staking keepsake of the Cosmos Hub, and acts as a license, allowing holders to vote, validate or delegate to early validators. The keepsake can besides be used to pay for fees on the platform to mitigate spam, similar to Ethereum ’ s ETH. The nominal provides security to the chain, allows holders to earn rewards and vote. As of 30 May, there are over 289m tokens in circulation, according to CoinMarketCap. The token has a market capitalization surpassing $ 2bn and is ranked as the 29th biggest cryptocurrency on the chopine .

The bullish run: Technical view

The ATOM cryptocurrency was listed on CoinMarketCap in March 2019. It was trading in bearish territory until the start of 2021. In February 2021, ATOM surged by 174.2 % from the low of $ 7.3839 to its first extremum 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 bear vogue provided an opportunity for a new bull run, which saw the ATOM/USD price soar to the all-time high of $ 44.54 on 19 September 2021. The token ’ randomness record degree came ahead of the platform ’ s participation at Mainnet 2021, an immersive, agenda-setting peak 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 chain to enable IBC, bringing its native LUNA cryptocurrency arsenic well as its TerraUSD ( UST ) stablecoin with it. The universe cryptocurrency entered 2022 on a cocksure bill, surging by 97.9 % to $ 41.99 on 4 January 2022 from its $ 21.22 17 December 2021 low. A second billow followed on 16 January 2022, which saw ATOM ’ s value ascend to $ 43.61. This was due to several reasons. GME 129.16

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Trade immediately first, Cosmos reported to have neared 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 liquid staking module was coming to the platform, which would give extra functionality to the stakes chain assets. That, however, was the final prison term ATOM was sol close to its all-time high as it embarked on a bearish run for the remainder of 2022. Wider negative crypto grocery store opinion was fuelled by the start of the war between Russia and Ukraine, equally well as bitcoin ( BTC ) falling below $ 27,000.

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bullish Bearish 96% 4% You voted bullish. You voted bearish. Give ATOM/USD a judge start trading or Try demonstration The token lost about 79 % of its value, hitting deoxyadenosine monophosphate abject as $ 9 by mid-may 2022, as seen on the chart above. nowadays ( 30 May ), the coin is valued at $ 9.94. ATOM technical foul analysis provided by CoinCodex, as of the fourth dimension of write ( 30 May ), showed that opinion on the token was largely bearish. A proportional Strength Index ( RSI ) reading of 32.5 was impersonal so far extremely close to oversold territory. A reading of 30 or below would indicate that the asset has become undervalued and a tendency reversal is likely. meanwhile, the keepsake was trading above its three-day move average but below its five and 10-day move averages .

Can ATOM recover?

In the latest universe crypto news, the net ’ second Gravity Bridge announced a total of milestones at the beginning of March 2022, including the initiation 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 ascent which saw the official establish of Interchain Accounts, a module that has the potential to boost interoperability, dealings 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 bold entrepreneurs to bring forth the Internet of Blockchains. Tendermint, IBC and the @ cosmos SDK are showing the world how bouncy & secure they are under extreme point market conditions, ” Cosmos said on Twitter during the LUNA barge in. In December 2021, Cosmos promised that its hub will continue to grow in the coming class, announced the launching of interchain security and accounts, more decentralize finance ( DeFi ) projects and the rise of NFTs. “ Cosmos is not a new token. It has been around since 2017 and has survived through all the down periods. Cosmos constantly remained in the top 50, although many fresh investors may not have hear of it as it is not marketed that aggressively unlike Polygon or Binance Smart Chain, ” BigOne Exchange electric chair in Asia, Anndy Lian told Capital.com. According to Lian, the ATOM token took off because the Cosmos network offers “ a elementary experience for blockchain developers ” with “ easy-to-understand tutorials, tools, and residential district aid for developers. ” In 2020, Jae Kwon stepped polish from his position as one of the project ’ 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 several high-ranked employees left the company in protest of his leadership and it was reported that Kwon ’ s return to NewTendermint has continued to feud with his former Tendermint colleagues. I am not certain what is the truth and what are the backstories for this, but I think the lack of oneness within their group makes this keepsake vulnerable, ” he noted. Lian added that at the moment, ATOM has a firm hold around the $ 9 range. “ Falling below this amount would mean that it may go below its establish price. This could happen besides. apart from the internal risks, I would caution all to look at external risks to manage your portfolio better. ”

Cosmos (ATOM) price prediction 2022-2030

Despite the latest downward monetary value action, algorithm-based calculate service Wallet Investor gave a bullish mentality for its ATOM prediction, as of 30 May, suggesting ATOM is “ an amazing long-run investment ” with long-run earning potential at 752.13 %. Based on its analysis of past price performance, Wallet Investor ’ s cosmos coin price prediction suggested that the nominal could trade at $ 26.389 in 2023 and $ 84.685 by 2027. DigitalCoinPrice besides gave a positive ATOM crypto price prediction but saw a much slower pace of emergence in future years. The locate projected that ATOM could reach the target price of $ 13.76 by the end of 2022, $ 18.73 by the end of 2024 and $ 24.33 by 2025. By the end of 2027, the site ’ s cosmos crypto price prediction expected that the mint could reach $ 34.02. Its long-run ATOM mint price prediction showed the cryptocurrency could trade at $ 49.10 by 2030. note that algorithm-based and analysts ’ projections can be wrong. Forecasts and analysts ’ expectations shouldn ’ metric ton be used as substitutes for your own research. Always conduct your own application and remember that your decision to trade or invest should depend on your risk tolerance, expertness in the commercialize, portfolio size and goals. Keep in mind that by performance doesn ’ metric ton undertake 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 investing for you depends on your personal circumstances and risk appetite. Cryptocurrencies are bad assets. You should do your own inquiry and evaluate the flush of gamble 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 30 May, algorithm-based bode service Wallet Investor predicted that the ATOM token price could reach $ 26.389 in 2023 and $ 84.685 by 2027. On the other hand, DigitalCoinPrice forecasted that the keepsake could reach the target price of $ 13.76 by the end of 2022, $ 18.73 by the end of 2024 and $ 24.33 by 2025. It should be noted that predictions can be wrong. Forecasts shouldn ’ metric ton be used as substitutes for your own research. Always conduct your own due diligence before investing. And never invest money you can not afford to lose.

How high can cosmos coin go?

As of 30 May, algorithm-based company Wallet Investor gave a bullish ATOM prediction, noting that the nominal could be valued ampere high as $ 84.685 by 2027. DigitalCoinPrice besides gave a positive bode, suggesting that the nominal could be worth $ 34.02 by the end of 2027 and $ 49.10 by 2030. It should be noted that predictions can be wrong. Forecasts shouldn ’ triiodothyronine be used as substitutes for your own inquiry. Always conduct your own due diligence before trade. And never trade money you can not afford to lose .

How many cosmos coins are there?

As of 30 May, there are over 289m tokens in circulation, according to data published on CoinMarketCap .

source : https://ontopwiki.com
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