Cosmos has had a pretty successful year so far, and this has left many wondering; will ATOM token prices reach $100? If yes, when can we expect the altcoin to get there?
Well, having analyzed its past price action - especially its performance in the past 12 months - and looking at the promise of the Cosmos Hub blockchain, the crypto community is convinced that ATOM tokens have everything they need to eventually reach and rise above $100.
Throughout the year, ATOM has set and broken one price record after another, which leads crypto experts and Cosmos investors to believe that if the current bullish market trend holds, the altcoin could reach $100 within the next 5 years.
Technical analysts at Gov Capital, for instance, are confident that ATOM will reach $100 in the first quarter of 2023.
In addition to the prevailing bullish crypto market environment, other factors that make Cosmos investors confident that it can break above $100 include the strong buy sentiments from the market about ATOM’s future price action. The Cosmos community and developer pools are also growing fast, and they too are expected to have a significant impact on the altcoin’s future price action.
But are they enough to push ATOM towards $100? Importantly, what will Cosmos be worth in 2025, and should we expect it to eventually break above $500?
We will be answering all these and telling you everything else you need to know about Cosmos projected future price action in this post.
Read on.
Cosmos (ATOM) Price History From 2019 To 2022
When the Cosmos crypto project launched in February 2019, data from Coingecko shows that one ATOM token was selling for $3. It would soon fall below this introductory price and settle around $1.16 - its current all-time low in March 2020.
However, the continued network popularization campaigns and strategic partnerships with different blockchains started paying off, and ATOM token prices started gathering pace in the last half of 2020. They would receive their first major boost towards the end of that year when the entire crypto market started setting the base for a rally.
In early 2021, ATOM prices - alongside virtually all other crypto tokens - took off and broke into a rally. Having started the year trading at around $6.8, the altcoin prices shot up by more than 450% to reach $29 in the first week of May. Further upward price movement was, however, arrested when Elon Musk’s Tesla Company stopped accepting BTC payments for Tesla EVs and China banned all crypto activity in the country, subsequently exiling all Bitcoin mining companies in the country Bitcoin miners.
In the last half of 2021, however, the coin resumed the uptrend in a move that saw it set its current all-time high of $44.70 on 20th September. In 2022, both the fundamental and technical price indicators point to possibly resuming the bullish trend that will see ATOM prices set aim for an even higher price.
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So, Will Cosmos (ATOM) Reach $100?
It is highly likely that Cosmos’ altcoin price will eventually reach and rise above $100. In fact, most crypto experts are confident that ATOM will breach this target within the next 5 years. They argue that Cosmos has everything it takes to reach this price and little standing on its way.
For instance, unlike some of its closest competitors like Chainlink, whose explosive maximum token supply of 1 billion LINK tokens compromises its climb towards a $100 valuation, there are less than 300 million ATOM tokens.
We must, however, observe that though the majority of analysts are confident that Cosmos will eventually reach $100, they are sharply divided on how soon it can get here.
For instance, crypto experts at Economy Watch believe that Cosmos token prices will reach $100 in 2025. They argue that both the technical and fundamental analysis of the altcoin points to a sustained uptrend of ATOM prices for the next four years.
The seasoned crypto trader and commentator, as well as the founder of EIGHT, Michael Van De Poppe, is also highly bullish on Cosmos ATOM’s future price action. He recently tweeted “#Cosmos to $100,” and although he did not specify when he expects ATOM to get here, he expresses his optimism about ATOM reaching the coveted price level.
A bunch of technical analysis platforms are also confident that Cosmos will reach $100 within the next few years. These include CoinPricePrediction which expects ATOM to hit $100 in the last half of 2024; LongForecast, whose analysis shows ATOM getting to $100 in after 2026; and Coinskid which expects ATOM to reach this target in August 2023.
Given the optimism with which all these analysts and experts expect ATOM to reach $100, we can’t help but wonder if they believe the Cosmos can reach $500.
Read Also: The 5 Best Ways to Buy Cosmos (ATOM)
Will Cosmos (ATOM) Eventually Reach $500?
It is highly likely that after piercing above $100, Cosmos token prices will continue rising and eventually break above $500. In fact, most crypto analysts are confident that ATOM will reach $500 before 2030.
Technical analysis by CryptocurrencyPricePrediction, for instance, indicates that after breaking above $100 as early as August 2022, Cosmos will continue with a sharp uptrend and reach $500 by August 2025.
A similar analysis by Priceprediction.Net is equally bullish and expects Cosmos token prices to reach $100 in 2023 and proceed to hit $500 in early 2028.
Yet another technical analysis of Cosmos’ future price action by experts at ICOCreed indicates that ATOM will sustain its progressive price growth for the next few years. That it will break above the current all-time high early next year, break above $100 in mid-2024, and eventually reach $500 in November 2028.
What Will Cosmos (ATOM) Be Worth In 2025?
Judging from the few crypto experts and technical analysis reports we have quoted this far, you can tell that they all expect Cosmos to be worth way more in 2025 than it is today. Though they have different projections on how high up Cosmos can get between now and 2025, their forecast range between $200 and $250.
Crypto analysis gurus from Coinquora, for instance, Cosmos may easily reach $250 before the end of 2025. Some of the factors that they believe will help ATOM achieve this momentous price growth include a growing Cosmos community, upcoming partnerships, the rise of developer activity on the network, and the fluid performance of the overall crypto market.
Analysts from Changelly are also hugely bullish on ATOM’s price action for the next four years. They expect the Cosmos altcoin to storm into 2025, trading at $213 and grow this value throughout the year, field by such factors as upgrades and developments within the Cosmos network, strategic partnerships, increased adoption of blockchain technology across the world, and an uptrending crypto market.
Check Out: Cosmos Price Prediction For 2025 And 2030
Conclusion: Will Cosmos (ATOM) Reach $100?
In truth, no one can tell with utmost accuracy if Cosmos will eventually reach $100, especially when you take into account the numerous and highly variable factors affecting Cosmos’ future price action. Nevertheless, this hasn’t stopped crypto experts, technical analysts, and investors from speculating on the altcoin’s future performance.
They are all confident that ATOM token prices will continue rising in the foreseeable future and that the odds of the altcoin reaching $100 are rather high. The majority of the experts and investors are particularly confident that the altcoin will reach $100 before 2025.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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