Cosmos is an Ethereum-based blockchain platform with a focus on creating a more free and fair internet. The team calls it “the internet 3.0”. The company’s token – the COS token – is an ERC20 token, which in contrast to other ICOs, was launched on the Ethereum mainnet at a standard price of 0.0001 ETH ($0.03) per COS token.
Cosmos is a blockchain-based, global, decentralized, public, and distributed network. The platform offers a shared, trustless USV (user-issued value).
Cosmos Price Prediction 2023-2023 | The goal of this article is to predict the future price of the coin Cosmos, so we should make a prediction that is as accurate as possible, so we can get more followers in the future.
The popularity of cryptocurrencies is quickly growing throughout the globe, as is the number of cryptocurrencies. However, before investing in a cryptocurrency, traders should do market research to evaluate the asset’s price forecast and if it is a lucrative investment.
Aside from Bitcoin and Ethereum, the two most prominent cryptocurrencies worldwide, newcomers such as Cosmos (ATOM), among others, have shown to be excellent investments for investors and traders.
In this post, we’ll look into the Cosmos price prediction as well as its blockchain network to assist investors understand how it works and what it has to offer the general public.
What exactly is a Cosmos coin?
Cosmos coin (also known as ATOM) is the native cryptocurrency that drives the platform.
The ATOM coin enables its owners to participate to the blockchain network’s governance and security.
Holders may also delegate (stake) their ATOM tokens to the blockchain’s validators and earn additional tokens as a result of the proof-of-stake consensus process.
How many ATOM coins are currently in circulation?
The entire ATOM supply is now 276,297,040 coins, with 218,508,178 coins in circulation, implying that only 80% of the coins are accessible for trade among investors. Two businesses, the Interchain Foundation and the All in Bits, own the remaining 20%.
It’s essential to remember that the overall supply is steadily growing as users acquire additional ATOM tokens via staking. This distinguishes ATOM from other cryptocurrencies, which are created via mining.
What is the Cosmos blockchain network, and how does it work?
The Cosmos Blockchain Network, also known as the Internet of Blockchains, is a decentralized ecosystem made up of Zones, which are linked blockchains (decentralized apps). It establishes a crypto ecosystem that connects several blockchains via open-source tools that facilitate cross-chain transactions.
The Cosmos Hub was the first blockchain to be created, and it is at the heart of the whole ecosystem. The Cosmos Hub connects and interconnects the various blockchains created by other developers. The Cosmos Hub keeps track of the ecosystem’s Zones and their current statuses.
The Cosmos Hub was the first blockchain to be created, and it is at the heart of the whole ecosystem. Every blockchain application created by other developers is linked to the hub, which keeps track of the ecosystem’s Zones and their current statuses.
It’s essential to remember that no one entity controls or promotes ecological activity. Every Zone may programmatically exchange tokens and data throughout the ecosystem.
Cosmos’ essential components
The Cosmos ecosystem is made up of five main components:
- Cosmos Hub — This is the central blockchain to which the Zones are linked, and it serves as a hub for all other blockchains in the Cosmos network. It ensures interoperability across all of the ecosystem’s created blockchains and maintains track of each one’s current status.
- Zones — Within the Cosmos ecosystem, these are self-contained blockchains that developers create and connect to the Hub.
- Tendermint – Tendermint is Cosmos’ consensus mechanism, and it is in charge of validating transactions and ensuring the ecosystem’s security via the Tendermint Byzantine Fault Tolerance (BFT) engine, which also allows developers to create decentralized applications/blockchains without having to code everything from scratch.
- IBC (Inter-Blockchain Communication Protocol) — This is the communication protocol that connects the Zones to the Hub, allowing for the free flow of information between the linked Zones.
- Cosmos software development kit (SDK) — Using the Tendermint consensus mechanism, this software development kit enables developers to utilize blockchain to build blockchains.
Who are the founders of Cosmos?
In 2014, developers Ethan Buchman and Jae Kwon co-founded Cosmos Network. The Tendermint consensus mechanism, which currently drives Cosmos, was created by these two engineers.
Two businesses were also heavily engaged in the blockchain’s development. All in Bits and the Interchain Foundation (ICF), a Swiss non-profit that supports open-source blockchain initiatives, are the two organizations.
The ICF was in charge of the inaugural ATOM token ICO, which raised approximately $17 million in 2017. Tendermint Inc., which subsequently became Cosmos, held a new funding round in 2019, collecting $9 million to keep the project going.
What distinguishes Cosmos from the competition?
The fact that there are hundreds, if not thousands, of blockchains across the globe, but only a handful of them can interact or exchange information is a significant source of worry in the blockchain business. Cosmos’ engineers set out to solve this issue, and they are succeeding. It offers a platform for developers to create blockchains within an ecosystem that allows them to interact with one another and transfer tokens from one blockchain to the next.
Cosmos is known as the “internet of blockchains” for this reason.
The Cosmos SDK also enables developers to create blockchains or decentralized apps without having to rewrite the whole software.
Cosmos is a worthwhile investment since numerous blockchains use it, and investors may always find something of interest inside the ecosystem.
What are the benefits of holding Cosmos ATOM cryptocurrency?
With the world turning to blockchain technology to solve a variety of problems affecting every industry, blockchain developers are looking for platforms that allow them to create custom blockchains without having to go through the time-consuming process of coding the entire program from scratch, which is exactly what the Cosmos offers. As a consequence, blockchain developers may flock to Cosmos, causing the coin’s price to rise.
ATOM coins may be used for trading, spending within the ecosystem, sending as payments, or even staking to acquire additional ATOM coins.
Where may Cosmos tokens be purchased?
Several cryptocurrency exchanges, including Binance, OKEx, and Coinbase, offer the ATOM token for purchase if you believe Cosmos is a successful enterprise.
You may save your Cosmos crypto currency on the crypto exchange where you purchased it or 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.
On these crypto exchanges, you can also trade the Cosmos coin. However, before beginning to trade, it is necessary to do technical analysis on the price of Cosmos, as well as research and reading to learn what experts have to say about Cosmos price predictions for 2023 and 2023.
History of the ATOM price
Figure 1 shows the price of ATOM over time, according to CoinMarketCap.
The Cosmos cryptocurrency initially went on the market in mid-March 2019, with a price of about $7.5.
Until the beginning of 2023, when prices began to rise, the ATOM coin price stayed below the listed price.
Cosmos pricing reached an all-time high of $32.14 on May 07, 2023, after which it began a negative trend, which seems to be the current pattern among other cryptocurrencies, including Bitcoin and Ethereum.
Analysis of the pricing of Cosmos
To calculate the anticipated market price forecast, it is necessary to examine assets in the financial markets.
We’ll look at some technical analysis of the Cosmos price in order to assist investors figure out what to anticipate and which trades to make.
Most technical indications suggest that the present negative trend is coming to an end, and traders should anticipate a positive trend in the near future.
Figure 2 shows how Oscillators and Moving Averages compare (source)
Figure 3: Walletinvestor’s recommended support and resistance levels over the next 30 days.
The lowest price at which the market is anticipated to rebound back upwards is shown as a support level, while the highest price at which the market is likely to bounce back downwards is shown as a resistance level.
Price forecast for Cosmos in 2023 and 2023
This section will look at cosmos price forecast in order to assist investors with ATOM prediction by shedding light on expected market cycles, price action, and future price so that they can make informed decisions about how to manage their current investment if they already have ATOM coins or the cosmos value at which to sell their coins if they decide to keep them.
The present negative trend in Cosmos pricing is coming to an end, according to Wallet Investor’s cosmos prediction, and investors should be prepared for a bull surge in the remainder of 2023 and into 2023.
Figure 4: According to the website Walletinvestor, the price of Cosmos is expected to rise in the near future.
Figure 5: Long-term Cosmos price forecast based to the Walletinvestor website.
The price of ATOM will have tested a maximum price over $25 by July 2023, according to Wallet Investor’s cosmic prediction. This price forecast is based on USD forecasts.
Conclusion
Cosmos is a force to be reckoned with in the blockchain business, particularly since it addresses one of the industry’s most pressing issues by allowing developers to create blockchains in an environment where they can exchange information and conduct transactions with one another.
With a market value of $2,394,347,087 and a trading volume of $231,387,945, the ATOM cryptocurrency is placed 37th in terms of market capitalization. It is one among the few cryptocurrencies with a value more than $1. The price of ATOM is anticipated to increase, based on the cosmic prediction done by experts as indicated in the preceding sections. In the short and long future, every cosmic forecast indicates a positive trend.
Before investing in any digital coin, it’s usually a good idea to conduct some comprehensive research on the cryptocurrency market to have a sense of what to anticipate, particularly given the crypto market’s extreme volatility.
This price forecast is intended to help investors get a better understanding of Cosmos and ATOM. If an investor is interested in comparable coins, they should research their price forecasts.
Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.
Cosmos Network is a blockchain platform. Based on DPoS consensus model. It uses a time-based voting mechanism which schedules and elects validators to vote on network updates. Cosmos Network runs a bi-directional trust-based system that allows you to find other validators in the network. The network has a token called “Cosmos Coin”. The token is used to pay for various services and also receive rewards.. Read more about atom price prediction 2025 and let us know what you think.
Frequently Asked Questions
What will Cosmos be worth in 5 years?
I am not able to answer this question.
What will Cosmos be worth 2025?
The price of Cosmos will be worth $0.00 in 2025.
What will atoms be worth 2023?
It is hard to predict the future, but if you were to invest in a company that produces atoms, it would be wise to do so now before they become more expensive.
