Are you wondering if the current outlook of the cryptocurrency market makes it the perfect time to buy Cosmos (ATOM)? Maybe you are unsure if Cosmos (ATOM) is safe to invest in due to the crackdown on cryptocurrencies by China and other regulatory bodies globally.
If you are new to the world of 3rd generation blockchain technology and therefore Cosmos investing, you may wonder if Cosmos is a good investment. You may have asked the question, should I invest in ATOM?
Well, the best answer to the two questions is YES, Cosmos is likely a good investment, and investing in Cosmos could be one of the well-timed financial decisions made due to its relatively lower trading price.
Cosmos’ native asset ATOM has increased substantially since the start of 2021 where it traded for a coin at $6.49. As of Sunday, 11th July 2021, ATOM has returned 133.41% year-to-date. This is a sign of the digital asset’s performance in the last 7 months which shows no traits of slowing down.
This is the primary reason why most experts believe the ATOM token has plenty of room to grow. Others think that investing in Cosmos’ token is one of the smartest decisions with an eye on the long term. Therefore, July and 2021 especially, could be the perfect time to invest in Cosmos (ATOM) while the coin continues to bring high yields to its holders.
One of the biggest reasons to invest in ATOM is the introduction of decentralized finance (DeFi) to Cosmos. This will be made possible through the Gravity DEX. This will help ATOM reach new users since a decentralized exchange allows the buying, selling, and holding of cryptocurrencies.
If Gravity DEX becomes successful and rivals Uniswap, the constant liquidity poured through ATOM could cause the crypto coin to explode to new highs forecasted by some analysts and experts. But this is one of the many reasons why investing in Cosmos (ATOM) could be profitable.
In this article, we are going to break all Cosmos-related myths circulating online. This will embolden you to decide on whether you should consider investing in Cosmos (ATOM).
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- What Is Cosmos? A Simple Explanation
- Is Cosmos (ATOM) A Good Investment?
- Should I Invest in Cosmos (ATOM)?
- Should I Invest in Cosmos (ATOM) or Bitcoin?
- How Much Could Cosmos (ATOM) Be Worth?
- Who Should Include Cosmos (ATOM) In Their Portfolios?
- Is Investing in Cosmos (ATOM) Risky?
- Does Cosmos (ATOM) Have a Future?
- Conclusion: Is Cosmos (ATOM) a Good Investment?
So, what is Cosmos? A Simple Explanation
Created in 2017 through an Initial Coin Offering (ICO), Cosmos is one of the most popular crypto projects that prioritizes the interoperability of blockchain technologies. Cosmos (ATOM) is a top 50 digital asset by market capitalization. Cosmos uses its native asset ATOM for governance and staking. Overall, it governs the ecosystem of Cosmos. The technology was created by Jae Kwon, Ethan Buchman, and Zarko Milosevic.
Cosmos was built for a decentralized future. As an ever-expanding ecosystem of interconnected services and applications, Cosmos solves some of the biggest problems facing the blockchain industry. One of them is interoperability. Since most of the founders have an aim of colonizing the decentralized finance space, most of them make their blockchain technologies extremely unique. While this is great for the competition in DeFi which gives users a whole array of options to choose from, the innovation of the systems cannot be accessed by other networks.
This is the primary reason why Cosmos was created to serve as the internet of blockchains where it uses its open-source tools to facilitate transactions between different blockchains. Cosmos comprises two other entities aside from its native token (ATOM) and they are the Interchain Foundation and the Cosmos Network. The Cosmos Network oversees the creation of a new token economy while the Interchain Foundation supports the ecosystem that will contribute to the ecosystem of Cosmos.
Cosmos has more than 248 applications and services built on its platform which has culminated in more than $70 billion in assets under management. All this creates an exciting ecosystem where ATOM flows effortlessly.
It is therefore not surprising that several analysts and experts believe that Cosmos (ATOM) may soon be the next large-cap asset. Others believe that it may get as high as Bitcoin or even surpass it someday.
Cosmos Investing: Getting Started
To start investing in Cosmos (ATOM), you first need to register online with an exchange that will allow you to buy and invest in Cosmos. What is an exchange? An exchange is a trading platform that enables users to buy, sell, and hold cryptocurrencies.
Several top cryptocurrency exchanges list ATOM for trading. Among others are Binance, OKEx, and Coinbase Pro. These exchanges record billions of dollars in daily trading volume. To get an account on these platforms, kindly follow the steps below.
FIRSTLY, you must sign up for an account on these cryptocurrencies. Since they are mainstream exchanges (centralized), you cannot remain anonymous. You must input authentic details of your full legal name, email & residential address, and contact number. Kindly ensure that the basic details (email and contact number) are credible as it forms the basis of the verification process.
SECONDLY, you must verify your account. The verification process entails a lengthy process that can be shortened depending on how cooperative you are as a client. The various exchanges will request proof of identity. You will have to upload government-issued identification cards that confirm the details earlier on input. Normally, ID cards that have your signature embossed on them quicken the verification process. Also, most of these exchanges will request proof of address. You will be asked to upload bank or credit card statements that confirm your billing address. This helps prevent fraud and money laundering.
THIRDLY, you must deposit funds. Although we are aspiring to create a decentralized economy, it is impossible to buy crypto without fiat. You can choose from a range of payment methods and upload funds in accepted forms which are normally the United States Dollars (USD), EURO, and Great Britain Pound (GBP).
FOURTHLY, on the platforms, you can navigate to the ATOM page. You can buy 1 or several ATOMs and the transaction would be processed and added to your account.
Is Cosmos (ATOM) A Good Investment?
As Cosmos continues to benefit from its first-mover advantage as an interoperable blockchain platform, many crypto analysts and experts believe that Cosmos (ATOM) is a good investment compared to other mainstream cryptocurrencies and DeFi coins. Despite all the ups and downs in Cosmos’ history, analysts believe that ATOM’s price could grow further in the long term.
One of the factors that will influence investing in ATOM is its Fundamental Crypto Asset Score (FCAS).
At the time of writing, Cosmos ranks 36th with a score of 788/1,000. In simple mathematical terms, this can be taken down with a percentage score of 78.8 which is down from the 90% status it enjoyed in May. What is the fundamental crypto-asset score? This is a comparative metric that is employed to assess the fundamental health of crypto projects.
Because Cosmos continues to make waves in the space, their FCAS must continue to remain above 500. This means that Cosmos continues to provide an effective service that sees more exchanges and marketplaces created. Such marketplaces allow people to lend, invest, buy, and trade without any intermediaries such as traditional financial institutions.
Aside from this, Cosmos’ ecosystem is healthy enough to allow the creation of resilient autonomous organizations. What’s more, the core of the Cosmos Network enables developers to create game economies that are owned by players. In addition to this, the Interchain Foundation provides grants for developers who have a unique innovation they would like to include in the Cosmos ecosystem.
Coin Quora has weighed into the discussion of ATOM’s price patterns in the future. According to analyst Alyssa Wiselin “Due to the ongoing development happening within the ATOM ecosystem, as well as in the overall crypto market, we may see ATOM reach new heights.” ATOM is expected to trade for a coin at an average price of $32 and reach $50 by the end of 2021. Based on this forecast, Coin Quora posits that ATOM is likely a good investment that could return 121.76% in the short term.
Read Also: Pros And Cons Of Investing In Cosmos (ATOM)
Should I Invest in Cosmos (ATOM)?
Why should I invest in Cosmos (ATOM)? Well, Cosmos is an innovative technology that can change how the world sees blockchain technology. To be more precise, Cosmos has introduced interoperability to the blockchain space and this allows protocols to communicate and utilize each other’s resources. Cosmos has revolutionized how other blockchains will be created in the future.
One of the reasons why you should consider investing in Cosmos’ ATOM is the launch of STARGATE in February 2021. On 18th February 2021, it was announced that a set of upgrades called STARGATE that covers the performance improvements in connecting with the software development kit (SDK) of Cosmos has been launched.
What Is The Purpose Of The Stargate Upgrade? The Stargate upgrade improves blockchain interoperability. Cosmos is known as the first-mover when it comes to the creation of interoperable blockchains. To put it simply, this upgrade adds up to the current interoperable capacity Cosmos currently enjoys. According to Oliver Knight of Coin Rivet, "The upgrade cuts across the Inter-blockchain Protocol (IBC) that delivers interoperability by allowing blockchains to communicate with each other."
Stargate is the largest software upgrade in the history of Cosmos. This upgrade is a collaborative effort between seven (7) distributed entities in the ecosystem. They are Iqlusion, Akash, Regen, Informal Systems, Agoric, Interchain GmbH, and Tendermint Inc.
Speaking on this upgrade, co-founder of Cosmos, Ethan Buchman pointed out that, “We are the cusp of the web’s evolution into Web 3.0 and the Stargate release is making the Cosmos ‘Internet of Blockchains’ a reality. Sovereignty and interoperability are no longer mutually exclusive and we are excited to welcome people into the Cosmos ecosystem so we may build the decentralized web together.”
Such an upgrade bodes well for Cosmos and shows the extent to which the founders will go to ensure the efficiency and effectiveness of the Cosmos Network. If a crypto project decides to relax and allow other innovative software solutions to come into the market, that project may die off. Fortunately, Cosmos has demonstrated a continuation of existence with not only STARGATE but by having an impressive Fundamental Crypto Asset Score (FCAS) as well.
With this upgrade, developers can opt for Cosmos’ ecosystem without wondering about deficiencies in interoperability. In the long term, you can be rest assured that more applications and services will be added to the more than 248 projects that already exist on the Cosmos Network.
Once there is some form of congestion on the network with applications across decentralized finance flowing across the board, the biggest beneficiary will be ATOM. Growth and value investors, who are interested in the fundamentals of a company, will be able to pour more liquidity through the trading volume of the crypto trading asset. In the long term, this could have a positive impact on the price of ATOM.
Coin Arbitrage Bot believes ATOM holds a great value in the medium to the long term. The experts estimate Cosmos (ATOM) could have a trading price of $25.7027 by the year’s end of 2022. On the last day of 2023, the crypto prediction portal expects ATOM to trade for a coin at $41.5870. In the long term, Coin Arbitrage Bot forecasts Cosmos’ ATOM to command a trading price of $67.2878 by the end of 2024.
As per the projections of the website, investing in Cosmos (ATOM) could result in 78.1199% in the medium term and 366.305% in the long term.
Should I Invest in Cosmos (ATOM) or Bitcoin?
You can only invest in Cosmos (ATOM) or Bitcoin (BTC) in 2021 after you conduct fundamental and technical research on the two digital assets. As an e-learning organization, we urge you not to jump straight into picking a cryptocurrency and pouring your hard-earned money into it. Let us consider the fundamentals and technicals that could help you decide on whether you should invest in ATOM or BTC.
Bitcoin will forever hold the first-mover advantage as the first blockchain-inspired cryptocurrency. As a result, the cryptocurrency may command the highest price in the space until other projects gain the needed popularity to surpass it someday. Bitcoin plays two roles and they are a digital currency for making transactions and digital gold (store of value). This is the primary reason why several experts believe BTC could surpass $250,000 in the long term.
What’s new for Bitcoin? For a long time, innovative technologies such as Ethereum, Cardano, Binance, and Tron introduced users of the decentralized world to decentralized applications (DAPPS). This was made possible after Vitalik Buterin and 7 co-founders triggered smart contracts using the possibilities of blockchain technology. Others followed and this became a basis for the improved valuation of their respective native assets.
On Saturday, 12th June 2021, it was announced that Bitcoin is having its first makeover in four (4) years. The last upgrade of Bitcoin in 2017 led to the creation of Bitcoin Cash (BCH). The first makeover includes an upgrade called TAPROOT. This upgrade will take effect in November 2021 and among others, it would improve transaction privacy and efficiency. More importantly, it will unlock the potential for smart contracts.
Since smart contracts have become a key feature of blockchain technology, developers are doing all they can to bring decentralized applications to the market. This could take the price of BTC to new price milestones since the cryptocurrency will be involved in settling DeFi transactions across its network. This will add up to the current transaction counts BTC is currently involved in.
Cosmos will forever hold a first-mover advantage as an interoperable blockchain. Cosmos’ native asset, unlike Bitcoin which is used as a mainstream digital currency, governs the network. Aside from that, it is also used for staking which results in consistent passive income for liquidity providers.
With that said, Cosmos has a growing ecosystem where more projects are being built. Additionally, it has credible use cases. Binance Chain, Terra, Crypto.com, and Thorchain opted to use Cosmos’ resources to build their projects.
What’s new for Cosmos? Cosmos has also made numerous upgrades with the latest coming in February 2021 to help improve the interoperability status of the network. This could spark renewed interest in Cosmos for the creation of DAPPS and other blockchains since they could communicate with other developments elsewhere.
As per the fundamental analysis provided, the two native assets of the respective blockchains are worth considering for investment. This is because of the potential of the growth of their networks in the short and long term.
Should you invest in Cosmos or Bitcoin?
We cannot only rely on fundamentals to make a decision. Let us take an in-depth look into the price forecasts of analysts by technical analysis-backed Wallet Investor to help us understand the price patterns of ATOM and BTC in the short and long term.
According to the analysts, Cosmos’ ATOM could trade for a coin at an average price of $19.574, the lowest possible price of $16.051, and the best possible price of $23.188 on the last day of 2021. According to the same analysts, Bitcoin could command an average price of $49,735.10, the lowest possible price of $43,307, and the best possible price of $56,659.50 by the end of 2021. In the short term, ATOM could return at least 60.693% and BTC could return at least 68.6065%.
Wallet Investor estimates ATOM could have an average trading price of $84.100, the lowest possible price of $60.620, and the best possible price of $107.345 on 11th July 2026. The technical analysis-backed forecasting portal expects BTC to trade for a coin at an average price of $170,034, the lowest possible price of $147,615, and the best possible price of $194,804 on 11th July 2026. In the long term, ATOM could return at least 643.902% and BTC could return at least 479.693%.
As per the statistics provided, you can invest in Bitcoin in the short term and invest in Cosmos (ATOM) in the long term.
Will Cosmos (ATOM) Ever Overtake Bitcoin / Will Cosmos’ ATOM Get as High as Bitcoin?
Cosmos (ATOM) could get as high as Bitcoin and could even surpass it in the future due to the unpredictable nature of cryptocurrencies. With that said, you should know that ATOM trades below $20 and BTC trades below $40,000.
The two cryptocurrencies have awesome issuing authorities that are doing all they can to command a substantial part of the decentralized finance market. They continue to benefit from the uniqueness of their blockchain technologies and are making up for what they do not have in the space.
According to the price forecast of Coin Price Forecast with an eye on the long term, Bitcoin could command a price of $111,934 by June ending and soar to $117,236 by the end of 2030. According to the same experts, ATOM could test $44.70 by June ending and soar to $46.82 by the end of 2030.
ATOM will need to increase by 2,328.81 times before it could get as high as Bitcoin. With the statistics provided, it is not impossible, but it would be difficult for ATOM to reach BTCs level in terms of price, daily trading volumes, as well as market capitalization.
How Much Could Cosmos (ATOM) Be Worth?
There have been several price forecasts made as to the future price patterns of ATOM. Trading Education has researched extensively about ATOMs price in the short and long term from authentic and credible crypto news and prediction portals.
According to analyst David Cox, constant upgrades to the Cosmos Network could see a positive reflection on ATOM which could trade for a coin at $30 by the end of 2021. In the medium term, the crypto news and prediction website estimated ATOM could benefit from positive technical analysis which could see the crypto trading asset have the best possible price of $42 on the last day of 2023. In the long term, if the bullish momentum is maintained, CryptoNewsZ projects ATOM to reach the lowest possible price of $50 and the best possible price of $55 on 31st December 2024.
According to Gov. Capital, ATOM could trade for a coin at an average price of $20.088, the lowest possible price of $17.0748, and the best possible price of $23.1012 on the last day of 2021. By the year’s end of 2023, the experts expect ATOM to have an average trading price of $78.107, a minimum price of $66.39095, and the maximum price of $89.82305. On 31st December 2024, the forecasting website believes the native asset of the Cosmos Network could command an average trading price of $119.097, the minimum price of $101.23245, and the best possible price of $136.96155. In the long term, Gov. Capital thinks ATOM could have a regular price of $201.428, a minimum price of $171.2138, and the maximum price of $231.6422 on 15th July 2026.
According to Trading Beasts, ATOM could have an average price of $13.856, a minimum price of $11.777, and the maximum price of $17.320 by the year’s end of December 2021. By the close of 2023, ATOM could have a regular price of $16.343, a minimum price of $13.892, and the maximum price of $20.429. In the long term, the governance token of Cosmos could reach $17.085 as its average price, $14.523 as the minimum price, and $21.357 as the maximum price in December 2024.
According to the Economy Forecast Agency, also known as the Long Forecast, ATOM could have a trading price of $19.95 by the end of 2021. In the medium term, ATOM could command prices of $37.68 and $55.45 by the end of 2023 and 2024 respectively.
According to the Coin Price Forecast, ATOM could reach a price of $15.02 by the end of 2021 in the short term. In the medium term, Atom's price could soar to $30.13 by 31st December 2023 and $36.78 on the last day of 2024. In the long term, ATOM could command the best possible prices of $41.15 (2026), $39.45 (2027), $44.51 (2028), $42.57 (2029), $43.74 (2031), $47.31 (2032), and $50.85 by the end of 2033.
ATOM Price Prediction 2022 / What Will Cosmos (ATOM) Be Worth in 2022?
CryptoNewsZ forecasts ATOM to command a price of $38 by the year’s end of 2022 if it continues to foster partnerships, collaborate, and engage in numerous community funding events.
Gov.Capital predicts Cosmos’ ATOM could trade for a coin at a regular price of $43.970, the lowest possible price of $37.3745, and the best possible price of $50.5655 by the end of 2022.
Trading Beasts foresees ATOM trading for a coin at an average price of $15.251, the minimum price of $12.964, and the maximum price of $19.064 by the close of 2022.
Long Forecast believes ATOM could have a trading price of $37.68 by the end of 2022.
Coin Price Forecast thinks Cosmos’ ATOM could have the best possible price of $20.84 by the close of 2022.
ATOM Price Prediction 2025 / What Will Cosmos (ATOM) Be Worth in 2025?
According to analyst David Cox at CryptoNewsZ, Cosmos (ATOM) could reach an all-time high price of $60 by the end of 2025 if the bullish engulfing carries on into the long term.
According to the experts at Gov.Capital, Cosmos (ATOM) could trade for a coin at a regular price of $168.351, the minimum price of $143.09835, and the maximum price of $193.60365 by the year’s end of 2025.
According to the experts at the Long Forecast, ATOM could test a new all-time high price of $57.82 on 31st August 2025.
According to the analysts at the Coin Price Forecast, Cosmos (ATOM) could have a trading price of $37.18 by the end of July and reach a new all-time high price of $40.90 on 31st December 2025.
Will Cosmos (ATOM) go down in 2021?
NO! Cosmos will not go down in 2021. Whatever happens, due to the unregulated nature of the cryptocurrency market, there will be an unavoidable drop in the price of all digital assets. With that said, you must factor into account activity on the Cosmos Network to get to know where the whole project is headed. With more partnerships and usage, the volume on the network continues to increase daily. This has a positive impact on the daily volumes of the crypto trading asset. This is the primary reason why ATOM will continue to trade in a positive zone and not close to extinction.
Analysts at Digital Coin Price think ATOM is not going down in 2021. According to the analysts, ATOM could trade for a coin at the best possible price of $20.09 by the end of 2021. To put it simply, ATOM is not going down in 2021.
Who Should Include Cosmos (ATOM) In Their Portfolios?
There are different types of people who could benefit from having ATOM in their portfolio of investments. They are day traders, cryptocurrency traders, decentralized finance fans, growth investors, value investors, and blockchain enthusiasts. How they can benefit from having ATOM in their portfolio are briefly discussed below.
- Decentralized Finance Fans: Decentralized Finance (DeFi) through decentralized applications (DAPPS) has been the talk of 2021. Cosmos continues to make upgrades that make blockchains and their applications interoperable with other networks. With an extensive understanding of DeFi and its potential in the market, a DeFi fan can know the number of decentralized applications built on the Cosmos Network. Having such vital statistics could go a long way in helping determine the course of Cosmos as well as the future valuation of its native asset. Having ATOM in the portfolio of a DeFi fan could bring enormous gains to the holder.
- Growth Investors: Growth investors are interested in the fundamentals of a company. Fortunately, the Interchain Foundation makes information available through blogs and social media channels across the internet. With Cosmos still, a relatively newer concept when compared to Ethereum and Bitcoin, growth investors could profit from the growth of the Cosmos ecosystem. In the long term, the expectations of the price of ATOM could be reflected in their portfolios.
- Value Investors: Value investors believe the price of a digital asset does not merit the possibilities of its issuing authority. Although Cosmos continues to have more than $70 billion in assets under management, it continues to trade below $20. This means that the cryptocurrency is undervalued in many ways. As a result, value investors can conduct extensive research into the roadmap of a project and the milestones that could be accomplished in the future. In the long term, arriving at the best calculation could see ATOM as the digital asset that brings more gains to the portfolio of value investors.
- Blockchain Enthusiasts: As someone well-versed in blockchain, an enthusiast could find time and go through whitepapers to know how Cosmos works. This will embolden the person to decide on ATOM. Blockchain enthusiasts could be one of the best beneficiaries of ATOM since they can dig deep into the core of the Cosmos Network.
- Cryptocurrency Traders: These are traders who prioritize the trading of cryptocurrencies over other assets. Studying the price history of ATOM could go a long way towards helping such traders. Additionally, conducting independent research on fundamental analysis and reading technical analysis-backed reports on the subject matter could help a cryptocurrency trader get to know the price ATOM could command in the short and long term. This could bring returns to such traders.
- Day Traders: Such traders are known to take advantage of the price changes of assets during the day. Depending on the strategy employed by such a trader, intraday changes could become useful. Based on multiple percentage swings, ATOM will be good for traders who know what the short-term movements of the cryptocurrency will be.
But Is 2021 Too Late To Buy Cosmos (ATOM)?
It is not too late to buy Cosmos (ATOM). The year 2021 has brought new all-time highs and has also resulted in new high lows for several digital assets. The cryptocurrency crash of May 2021 has made the price of crypto trading assets relatively cheaper. Once there is a crash, an uptrend normally follows. Cryptocurrencies such as Ether traded above $4,000 while Bitcoin traded for a coin at more than $60,000. Now you can get them for a little above $2,000 and $30,000 respectively. In the same way, ATOM reached an all-time high price of $32.14 on 7th May 2021 but could be purchased at around $14.43 in July.
This means that $1000 could purchase 31.114 ATOMs in May. In July, the same $1,000 could purchase 69.3000 ATOMs. This means that novice traders and investors could use ATOM as a low barrier of entry into the market. With the price forecasts of experts in mind, buying ATOM in 2021 could result in more than 40% in the medium term.
Is Investing in Cosmos (ATOM) Risky?
Investing in Cosmos’ ATOM and other cryptocurrencies come with huge risk. Most investments will always come down to two factors and one of them is risk. One of the most important questions you should always ask is, do the potential consequences of the risk outweigh the possible rewards that could come from investing in Cosmos (ATOM)?
This is the primary reason why you should understand what Cosmos entails before you decide on its novel token. Aside from the information in this report, you must conduct independent research that can be used to supplement what you already know about Cosmos.
Trading Education will continue to advise established and up-and-coming traders and investors to adhere to the diversification rule. Spread your investments across the board. It doesn’t matter how hard you trust a particular digital asset, it could result in irrecoverable losses in a short period.
Risk Alert! Investing in cryptocurrencies is extremely risky and has led to millions of dollars being wiped off the portfolio of so-called experienced fund managers, beware!
Could Cosmos (ATOM) Be a Bad Investment?
Investing in ATOM could be a bad investment. ATOM is currently trading at a price that is less than 59.71% of its all-time high. When the digital asset crossed the $30 price milestone, many people threw thousands and millions of dollars into the cryptocurrency with an eye on $40, $50, and $100 in the short term. Unfortunately, the price of ATOM keeps dropping weekly.
One of the primary reasons that ATOM could be a bad investment can be attributed to competition. There are several interoperable blockchains such as Polkadot, Chainlink, and Avalanche that are doing everything in their capacity to command a fair share of the decentralized finance market.
Aside from them, existing smart contract chains will be embarking on upgrades that could see their blockchains become interoperable as well. Since they have native assets as well, several traders and investors could prefer pouring liquidity on those cryptocurrencies and not ATOM.
This could have a detrimental effect on ATOM in the long term.
Does Cosmos (ATOM) Have a Future?
Cosmos and ATOM have a future. To help you understand the future that lies ahead for the two entities that make up the Cosmos project, let us consider the development activity on Cosmos and the trading volume of ATOM.
As per information retrieved from Sanbase, a portal that tracks activity on cryptocurrencies, DeFi, and non-fungible tokens (NFTs), Cosmos had a development activity number of 140.60 in the last 30 days (12th June to 12th July 2021). This means that there could be more than 100 crypto projects added to the current ecosystem of Cosmos. This will not only increase user activity but assets under management as well.
As per information retrieved from CoinMarketCap, ATOM continues to see impressive daily volumes. Some of the volumes ATOM has received in July include $178 million (1st), $448 million (5th), $218 million (8th), and $306 million (10th). This means that there is investor confidence in the cryptocurrency. Once investors find another cryptocurrency they believe in, the volume of ATOM could go down. But since it continues to record daily volumes of at least $100 million, the price of the digital asset could follow and cross its all-time high and test new price milestones. To put it simply, Cosmos and ATOM have a future.
How safe is Cosmos?
Cosmos is safe. This is attributed to the proof-of-stake (POS) algorithm it employs. With this, users who provide a higher quantity of ATOM are the ones who are chosen to verify transactions and earn rewards. With this, it would be extremely difficult for someone who has staked millions of dollars to use his or her position as a validator to hack the network. Additionally, validator nodes that are found to act dishonestly are dealt with accordingly.
They may end up losing all the ATOMs they have staked no matter the number of tokens held. This is the primary reason we have not heard of Cosmos being involved in any incidents.
How Legit is Cosmos?
Cosmos is highly legit. The legitimacy of Cosmos can be attributed to the kind of crypto projects that have employed its software solutions.
Binance is one of the major players in the crypto stratosphere. Binance operates a centralized cryptocurrency exchange. Aside from that, its Binance Smart Chain allows decentralized finance applications to be built on it. This is the primary reason why applications such as PancakeSwap (CAKE) have been given Ethereum’s Uniswap and Sushiswap competition in terms of which DAPP should dominate the decentralized exchange space. Once Binance settled on Cosmos, it meant founder Chanpeng Zhao and his team conducted extensive assessments about the possibility of the Network.
Other projects mounted on Cosmos include but are not limited to the KIRA Network, Persistence, Aragon, FOAM, COMDEX, Hyperledger, Regen Network, and Cyber Consensus Computer. This shows that Cosmos is the blockchain network trusted by 100s of major corporations.
Alternatives to Cosmos
Although ATOM could bring huge returns in the short and long term, it is not the only crypto trading asset that could result in huge gains. There are cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Tronix (TRX), Internet Computer (ICP), EOSIO (EOS), Dogecoin (DOGE), Dash (DASH), Polkadot (DOT), Chainlink (LINK), and Ripple’s XRP. Additionally, DeFi coins AAVE, UNI, COMP, MKR, and YFI could also bring impressive gains.
Conclusion: Is Cosmos (ATOM) a Good Investment?
Investing in Cosmos is worth considering. For thousands of investors, investing in this crypto asset has proven to be a great decision.
On 1st January 2021, ATOM was worth $6.49, and in May 2021, the cryptocurrency was trading for a coin at $32.14. In the space of 5 months, ATOM increased by 4.95 times. This meant that a $1,000 investment could have been worth $4,950 and $10,000 could have resulted in $49,500.
So, is Cosmos (ATOM) a good investment? In July where the market is recovering from the market crash, ATOM can be considered a good investment. Coinskid believes ATOM is a good investment and could command an average price of $19.01 and the best possible price of $20.72 by the end of 2021.
The cryptocurrency market has more than 10,800 coins in circulation. As a result, you must weigh the potential risks against the possible consequences. While Cosmos continues to face infinite competition, it has a healthy ecosystem which is reflected in its fundamental crypto asset score (FCAS). Moreover, it has embarked on an upgrade (STARGATE) that will certify its efficiency in terms of making blockchains interoperable.
While no investment is risk-free, investing in ATOM has led to 133.41% in 2021. Perhaps now could be the right time to invest in ATOM since you could walk away with at least 48% by the year’s end of 2021.
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ATOM Price Prediction / What Will Cosmos (ATOM) Be Worth in 2030?
According to the Coin Price Forecast, ATOM could trade for a coin at $43.23 on 31st July 2030 and increase significantly to $45.28 on 31st December 2030.
Will Cosmos Price Increase?
Cosmos’ native asset ATOM could increase in price in the long term. The team behind the blockchain technology continues to benefit from the DeFi boom of 2021. It also continues to foster new partnerships daily. The resultant effect could be a price increase in Cosmos (ATOM) in the future.