Cosmos Price Prediction: ATOM Coin Forecast

August 6, 2020

Price Prediction

Sean Korbett

What is Cosmos (ATOM)?

The Cosmos was launched in 2017 by Tendermint Inc, although the idea of the project was developed since 2014. Cosmos designed to solve the key blockchain problems:

•  Lack of Scalability.

•  Complexity of daps developing. 

•  Limited interoperability between different blockchains.

The project main goal is to create the “‘Internet of Blockchains”, a network of blockchains that able to communicate with each other in a decentralized way. Now Cosmos Network is the most scalable, interoperable, powerful, customizable ecosystem of connected blockchains.

Cosmos has its own native currency – ATOM. 

Today Cosmos coin is one of the TOP-30 cryptocurrencies by market capitalization.

Cosmos Statistics

Source: CoinMarketCap, Data was taken on 6 August 2020.

Cosmos achievements and future plans

In 2019 the project has gone through the following milestones: 

• Upgraded Testnet. 

• Released Gaia .

• Presented LTS Guarantee.

• Cosmos SDK started supporting the ability to create and vote on governance proposals that modify on-chain parameters without having to halt or fork the network.

• Launched the first public BFT blockchain-powered by proof-of-stake – the Cosmos Hub.

What to expect in the future?

The Cosmos team will continue developing their project. Right now the team hardly working on Tendermint Core 0.34 update, the release of Cosmos SDK 0.40 and IBC 1.0.

Cosmos (ATOM) Technical Analysis

Source: Tradingview, Data was taken on 6 August 2020.

Cosmos (ATOM) Price Prediction 2020

TradingBeasts ATOM price prediction

In September 2020 Cosmos crypto price may reach a maximum of $4.41421 (+5.60%), while it’s average price will be around $3.53857 (-15.41%) per coin.  According to TradingBeasts forecasts by the end of 2020, the average ATOM price will be $3.52784 (-15.60%).

Wallet investor Cosmos ATOM price prediction

Wallet investor.com thinks that Cosmos ATOM coin is a bad long-term (1-year) investment as the current investment may be devalued in the future. The ATOM coin price may drop to $2.02 (-51.67%) by the end of December 2020 while the average price is expected to stay around $3.258 per coin (-22.06%).

Crypto-Rating ATOM crypto price prediction

Crypto-Rating says that if you are looking for a cryptocurrency that isn’t extremely volatile, thus allows for elaborating long-term trading strategies, then Cosmos cryptocurrency is right in that alley.

DigitalCoinPrice ATOM cryptocurrency price prediction

According to DigitalCoinPrice Cosmos price will increase in the near future and it is a profitable investment. By the end of the year 2020, the average price will be $7.97 per coin (+90.67%).

CryptoInfoBase ATOM price prediction

Based on CryptoInfoBase observations and graph analysis, Cosmos predict price increase up to $7-8 during this year (+67.46-91.39%).

Buy ATOM at StealthEX

Cosmos (ATOM) is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example BTC to ATOM.

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your coins.

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

August 6, 2020