The decentralized finance (DeFi) market has seen an increase in new cryptocurrencies with each passing day. One of these currencies is Cosmos, which is steadily gaining popularity amongst crypto users and investors alike.
The Cosmos project, as a decentralized network of independent parallel blockchains, has been making waves in the crypto space. With Tendermint Core and its Byzantine Fault Tolerance algorithm leading the way, Cosmos is currently at the top of cryptocurrency exchanges with its native ATOMtokens. Let’s check a detailed overview of the coin.
What is Cosmos (ATOM)?
|Trading Volume||$892,928,178 USD|
|Volume / Market Cap||0.1754|
|Circulating Supply||221,076,745.76 ATOM|
|Total Supply||278,861,349 ATOM|
Cosmos (ATOM) is a decentralized network for value exchange. It allows various blockchains to be integrated into it through its native technology Tendermint Core, making it faster and more scalable than other chains in the market. The Cosmos Network uses three distinct tokens – nAtoms, ATOMs, and Ethermint Tokens- and these tokens are transferable between different Cosmos chains. Multifunctional attributes of ATOM enable diversified uses of existing apps including security and safety of data transactions.
Cosmos Price Analysis Trend so Far
Despite the volatility in the cryptocurrency market, Cosmos has been on a steady rise since December 2019. While it did fall to $1.6 towards March 2020, it’s now back up and ready for more gains! On top of that is how the pandemic seems like such an amazing game setter: with its outstanding performance this year we’re seeing just what Cosmos can achieve too.
Cosmos Price Prediction 2021
The updates will increase the scalability of Cosmos’ blockchain to 1,000,000 transactions per second. This is a significant improvement given that it previously only handled 10-20 thousand transactions per day. Currently, there are many projects built on this network which means as these advancements continue we can see ATOM reach $40 making it an all-time high!
Cosmos Price Prediction 2022
With multiple partnerships & collaborations and community funding, the market looks forward to ATOM reaching a level of $60, which is quite optimistic but surely feasible.
Cosmos Price Prediction 2025
The Cosmos (ATOM) price will reach $100 by the end of 2025, based on optimistic predictions and escalating value. The number of coins deposited into a contract is an important sign that predicts whether or not something may be successful in the future. Especially when it comes to cryptocurrencies like ATOM which has seen significant increases this year as well as resistance level fluctuations showing positive signs every time they bounce back up from below support line values indicating their bullish nature.
Summary: ATOM Price Forecast and Long-Term Price Predictions
How can you invest in Cosmos (ATOM) on Mudrex?
Mudrex is a new-age algorithmic bot marketplace that has been bringing 100% automated trading to everyone. The platform, which is extremely easy to use and requires no technical knowledge from the user end, allows users to access some of the best crypto algos in existence through their service. These bots are built by top experts themselves who have made sure they’re not only profitable but also reliable for you as an investor with extensive experience!
Mudrex has a bunch of different algos focusing on VeChain to earn profits. All Algos differ from each other based on their risk: reward.
It is extremely easy to use, and you can start investing in just a few clicks. Here’s how to invest in Cosmos with Mudrex:
- Create/ Login to your Mudrex account;
- Connect the desired exchange with API keys;
- Choose the Bitcoin bot you want to invest in and select the amount;
- Pay the platform fee, and you are all done.
Let your trades work on autopilot. Get consistent returns with Mudrex.