Is Cosmos (ATOM) A Good Buy?

Last Updated January 25th 2022

7 Min Read

Is Cosmos a good investment? Should you be buying Cosmos today? And more importantly, will ATOM price eventually break above $100?

In 2021 Cosmos had its best year so far, noting that its value shot up by close to 700% in the year, and forecasters say it could grow by as much as 5000% in the next 10 years. It has also proven to be quite a resilient investment, as evidenced by the speed with which it escaped the mid-2021 price crash and proceeded to set a new all-time high less than 4 months later. These all are the qualities of a legit long-term investment, which in turn make Cosmos a good buy.

For the better part of the last quarter of 2021, Cosmos token prices were on an uptrend, and so did its investor interest, as evidenced by the rapidly growing daily trade volumes. Moving forward, the majority of crypto experts, technical analysts, and ATOM investors are confident that the altcoin will carry over this uptrend into 2022 and sustain it for the next few years.

Even the social media sentiments are hugely bullish on ATOM’s price action.

So, Should You Buy Cosmos (ATOM)?

Well, if you are looking to expand your portfolio, grow your investment, and be part of an interoperable crypto world that allows for data sharing and communication between blockchains, then you should consider buying ATOM.

You should also consider buying Cosmos because different price metrics indicate that it is massively undervalued and bound for correction -upwards - over the next few years. After listening to different crypto expert opinions, looking at the different crypto analysts, and even trader sentiments on social media and online trading platforms, you get the feeling that the crypto community expects the altcoin prices to rise in the near future.

Crypto experts at Economy Watch, for instance, are confident that if Cosmos can broker more partnerships, continue growing its community, and if the crypto market sustains its gradual but progressive rally, ATOM’s value may rise by as much as 700% by 2025 and more than 1200% by the turn of the decade.

Their sentiments are echoed by crypto pundits at ICOCreed, whose technical analysis of the altcoin indicates the ATOM will maintain an uptrend for the next few years. They are confident that Cosmos will be selling for $160 by December 2025 and that it could rise further to reach $974 by the end of 2030.

While questioning why Cosmos is still trading at relatively low prices despite the significance of its blockchain technology and potential for upside price action, one Redditor has even referred to it as a ”diamond in the rough.”

All these factors tell us why Cosmos is a good long-term investment. The altcoin’s unpredictable price action, rising daily trade volumes, accessibility, and liquid nature, on the other hand, indicate why it is a perfect instrument for active short-term traders.

Read Also: Why Cosmos Will Skyrocket

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Is Cosmos (ATOM) So Popular Right Now?

Cosmos blockchain and the ATOM token are wildly popular today because of their innovative Interblockchain Communication (IBC) protocol that promises interoperability for the highly disenfranchised blockchain industry. It hopes to achieve this by facilitating communication and data sharing between different blockchains.

Cosmos is also popular today because it has performed exemplarily well in the past few months and is expected to sustain this uptrend in the foreseeable future. Throughout 2021, its prices maintained an uptrend and were able to recover quickly from the mid-year crypto market crash. Most forecasting metrics has also indicated that Cosmos blockchain will continue growing and its ATOM prices will continue rising, and this has drawn a lot of investor interest and media attention to the altcoin.

But what impact has this popularity had on ATOM’s price action, and what influence will it have in determining its direction in the future? We will help you understand this by looking at its price history and its outlook for 2022.

Cosmos (ATOM) Price History 2019 To 2022

Data from Coingecko suggests that Cosmos started trading in February 2019 at an introductory price of $2.75. But without celebrity endorsements, strategic partners, or popular founders, it had a rough time breaking above ground, and this saw it trade between $1 and $8 throughout 2019 and 2020.

During this time, however, Cosmos blockchain and its IBC protocol gained the trust of many 2nd and 3rd-tier blockchains that are hoping to achieve interoperability for their networks by leveraging the Cosmos IBC. These include the Binance Smart Chain, OKChain from OKEX, Hyperledger Burrow, Akash Network, Comdex, Sentinel, and Aragon.

With every press statement about these partnerships came media that helped put ATOM token within the speculative investors’ crosshairs. A few bought in early, but the majority waited, and when the early 2021 crypto rally started, they trooped in. They helped the altcoin break above $10 for the first time in February 2021 before pushing it above $29 in the first week of May.

But the crypto market crashed and interrupted this uptrend, pushing these prices below $10. Nevertheless, when the market started recovering, so did Cosmos, and it quickly broke above the May peak to set a new all-time high of $44 in September 2021.

Don't Miss: Cosmos Price Predictions

Will Cosmos (ATOM) Reach $100 In 2022?

Moving forward, ATOM’s impressive price action, the promise of a future uptrend, and possibly new strategic partnerships are expected to play a key role in hyping the altcoin’s future price action. However, the market is sharply divided on the question of whether Cosmos can reach $100 before the end of 2022. While a few are hopeful that it will, the majority are convinced that though ATOM token prices will continue rising, they will only break above $100 between 2023 and 2025.

Crypto experts at CoinQuora join the bulk of analysts who expect the altcoin to carry over its current uptrend into 2022. But they believe that it will only reach $95 by the end of the year and that it will only get to $100 in early 2023.

Technical analysis of ATOM by the CryptocurrencyPricePrediction website is, however, a little more optimistic and indicates that Cosmos could reach $100 as early as October 2022. Seeing that the altcoin is already 7X up in 2021, these analysts are confident that ATOM can break the current all-time high before the end of February 2022 before quadrupling its current value to end the year trading well above $126.60.

Now that you have understood that Cosmos has all the characteristics of a good short-to-long term investment, you must be asking where you can buy ATOM tokens. And we would like to recommend eToro.

How To Easily Buy Cosmos (ATOM) On eToro

We recommend eToro because of its user-friendly, maintains a low minimum trade limit ($25), and provides users with a free wallet - both the cold custodial wallet and the online eToro wallet app. Whether you are buying ATOM as your first crypto investment or adding the altcoin to an existing crypto investment portfolio, follow these easy steps:

Step 1: Create an online crypto trader account with eToro and verify your identity - it is a simple and straightforward process.

Step 2: Deposit funds into your approved trader account. Note the minimum initial deposit is set at $200 ($50 for US residents), but you can start trading with as little as $25.

Step 3: Select the Cosmos pair to start trading. Since eToro has USD as its base currency, we recommend selecting the ATOM/USD pair.

Step 4: Customize the trade by deciding the amount of USD you wish to invest in Cosmos and complete the transaction.

That is it. You will have the ATOM tokens reflected as a balance in your trader account from whence you can move them to the eToro wallet app for further transfer to any other third-party wallet.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Check Out: The 5 Best Ways to Buy Cosmos (ATOM)

Conclusion? Should You Buy Cosmos (ATOM)?

Crypto experts, technical price analysts, and market sentiments provide any crypto enthusiast with more than a handful of reasons why they should invest in Cosmos. They indicate that it has all the hallmarks of a good long-term investment. These include ATOM’s stellar price performance throughout 2021, the promise of a future uptrend, and the backing of highly innovative blockchain technology.

Most of the Cosmos price forecasts are hugely bullish about its future price action and expect it to break above $100 soon. They agree that it will most likely hit this target price in the next 5 years and that it could rally by as much as 5000% before 2030.