Cosmos (ATOM) is establishing itself as a prominent contender against Ethereum (ETH), allowing developers to create tailored, autonomous blockchains. Despite reaching an all-time high (ATH) of $44.70 on March 13, 2020, its current value stands at $9.27, reflecting a significant 79.28% decrease from its ATH. Can ATOM expect a resurgence? Is Cosmos a good investment? Discover insights into these questions in our ATOM price predictions for 2023 and beyond.
What is Cosmos (ATOM)?
Cosmos (ATOM) is an innovative network of interconnected blockchains for scalability and interoperability. With a vision to establish an Internet of Blockchains, Cosmos empowers individual blockchains to maintain their autonomy while facilitating seamless interaction within the ecosystem, ultimately enabling quick application transactions.
Key to the Cosmos architecture is the application of Byzantine fault tolerance (BFT) consensus algorithms, particularly the Tendermint consensus, which forms the foundation for each blockchain in the network. By harnessing Tendermint BFT’s proof-of-stake protocol, Cosmos Hub and the Cosmos SDK are powered, ushering in a new era of possibilities.
The Cosmos SDK creates open-source PoS blockchains with multi-assets. The Cosmos Hub fosters interchain token exchange, security, bridges to ETH and BTC, and cross-chain token management. Cosmos tackles sovereignty, scalability, and sustainability issues. It empowers sovereign blockchain apps via the SDK, ensures scalability with horizontal and vertical solutions, and minimises carbon footprint using PoS consensus.
The native token of the Cosmos Hub, ATOM, functions as a spam prevention mechanism by covering transaction fees, typically commensurate with computational needs. It can also be staked in return for rewards, enhancing the economic security of the Cosmos Hub; higher levels of staked ATOM increase network resilience against potential threats. ATOM holders participate in governance through voting on proposals, actively influencing the trajectory of the Cosmos Hub.
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Cosmos (ATOM) Price History
Exploring the historical trajectory of Cosmos’s price provides valuable insights. While past performance does not indicate future outcomes, understanding Cosmos’ past movements offers context for interpreting ATOM price predictions.
ATOM made its market debut in March 2019 at around $7.40, then experienced fluctuations from $3 to $5.
A significant low point in ATOM price occurred on March 13, 2020, plummeting to $1.13 amid the global COVID-19 pandemic.
Early 2021 marked a turnaround, with ATOM surging to $32.14 in May before encountering a summer slump. By autumn, it reached an all-time high of $44.70 on September 20. Despite subsequent declines, the year closed at $32.47.
2022 commenced with highs around $44.45 in January, fueled by a partnership with Terra Blockchain. However, Terra’s collapse led to a market downturn, driving ATOM down to $5.59 by June. A recovery followed, boosted by the dYdX exchange’s Cosmos adoption, pushing the coin above $16 in September. Yet, FTX exchange’s bankruptcy caused a year-end close of $9.34, a loss exceeding 70%.
Early 2023 brought optimism, briefly lifting ATOM to $15.36 in February. Yet, the SEC’s classification of ATOM as an unregistered security and Crypto.com’s suspension of its American institutional arm led to dips below $10 in June. A recovery followed, reaching $10.27 after positive news about Ripple’s XRP.
ATOM’s price fell to around $9.20 on July 24, 2023. At that time, about 346.6 million ATOM were in circulation, yielding a market cap of $3.2 billion, ranking it as the 25th-largest cryptocurrency by market cap.
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Cosmos Price Forecasts by Experts
Given the unpredictable nature of cryptocurrencies and their volatility, it’s prudent to consider a range of expert opinions for Cosmos price forecasts. Diverse viewpoints can provide a more comprehensive understanding of potential trends.
Algorithm-based forecasting service Wallet Investor projects a gradual decline in Cosmos prices over the next five years. Their prediction suggests that by the end of 2023, Cosmos could average around $0.79, reflecting a drop of over 87%. Their analysis points to a need for long-term price increases for ATOM, with a potential for a price crash.
Coincodex forecasts ATOM’s value to decrease by -0.42% and reach $7.82 by June 15, 2023. Current sentiment is bearish, with a Fear & Greed Index of 49 (Neutral). Their long-term projection for ATOM suggests that under the best-case scenario, the price could reach $251.00 by 2026 if it follows Facebook’s growth. If Cosmos aligns with Internet growth, the 2026 prediction drops to $28.79.
GOV Capital notes that based on current prices and their data, Cosmos has shown an uptrend in the past year. Their prediction foresees a future ATOM price of $28.784 in a year, accounting for volume changes, price fluctuations, market cycles, and similar coins.
Long Forecast’s ATOM price prediction suggests a potential maximum value of around $7.79 and a minimum of $6.60 by the end of 2023. The average projected price for December 2023 stands at $7.10.
Crypto Predictions anticipates Cosmos tokens could reach $13.841 by December 2023, with an expected maximum price of $13.841 and a minimum of $9.412. Their analysis implies a possibility of the coin crossing $23 by the end of 2027.
ATOM Price Predictions 2023-2030
ATOM has shown remarkable momentum throughout the current year. In late February 2023, it surged to $15.27 before dropping to $14.14. Cosmos’ price is $16.30, boasting a market cap of $3,187,329,213 and a circulating supply of 346,608,690 ATOM. The 24-hour trading volume for ATOM totals $64,777,324.
| YEAR | MINIMUM PRICE | MAXIMUM PRICE |
| 2023 | $8.25 | $24.38 |
| 2024 | $20.31 | $29.24 |
| 2025 | $25.43 | $36.61 |
| 2026 | $32.64 | $46.99 |
| 2027 | $41.59 | $59.87 |
| 2028 | $52.55 | $95.91 |
| 2029 | $66.62 | $95.91 |
| 2030 | $74.97 | $107.92 |
Cosmos Price Prediction 2023
Based on historical price trends, the trajectory for ATOM points towards a potential peak of $24.38, while the lower end of the spectrum could see a value of around $8.25 in 2023. The average price may hover at about $16.31. Investors who strategically time their entry into this token may stand to gain considerable profits, given the growth potential of Cosmos.
ATOM Price Forecast 2024
The path to price escalation for Cosmos seems relatively navigable, considering the availability of short-, medium-, and long-term price targets for buying or selling ATOM. Long-term projections indicate a starting point of no less than $20.31, with a possibility to breach the ceiling at $29.24.
ATOM Price Prediction 2025
According to our analysis of ATOM, Cosmos’ price might exhibit substantial volatility while experiencing surges throughout 2025. The projected price range spans from a low of $25.43 to a high of $36.61, with an envisaged average trading value of approximately $31.02 for the year.
ATOM Price Prediction 2026
Upcoming updates are poised to bolster the scalability of the Cosmos network to an impressive 1,00,000 transactions per second, effectively revolutionising the energy-intensive landscape of the blockchain industry. As per Cosmos’ price predictions, the first half of 2026 could climb to $39.82, and the highest price point for the year might hover around $46.99.
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ATOM Coin Price Prediction 2027
Drawing from our Cosmos (ATOM) forecasts, a spike in value is on the horizon, potentially propelling the token to reach a pinnacle price of $59.87. Simultaneously, technical and price analyses suggest a range of $41.59 to $50.73 as the minimum and average values, respectively.
ATOM Token Price Forecast 2028
ATOM’s trajectory is expected to gain momentum with numerous partnerships, collaborations, and community funding. The crypto sphere looks to ATOM optimistically, aiming for a long-term achievement of $75.65 as its peak price by the end of 2028.
Cosmos Crypto Forecast 2029
Based on our ATOM price projections, ATOM is poised to surpass expectations in the forthcoming years. By 2029, the coin is anticipated to breach the $90 mark. In contrast, conservative estimates place the lower and average prices at about $66.62 and $81.26, respectively.
ATOM Price Prediction 2030
Our Cosmos prediction suggests that the coin will maintain its growth momentum. The projected peak for ATOM’s price is $107.92 by the end of 2030. The value of ATOM is anticipated to average around $91.44, with a potential low of $74.97.
Is Cosmos (ATOM) a Good Investment?
The established infrastructure supporting the ATOM token renders it an exceptionally enticing investment prospect.
The Cosmos network currently hosts an array of more than 250 applications and services, managing an aggregate of over $112 billion in digital assets. Prominent ventures established on the Cosmos infrastructure encompass Binance Chain (BNB), Terra (LUNA), and Crypto.com Coin (CRO).
The augmentation of Cosmos’ valuation has been propelled, in part, by the initiation of its inaugural decentralised finance (DeFi) interface. Besides, its integration with Ethereum (ETH) and its interoperability with Bitcoin (BTC) contributed to its success.
Consistently maintaining its position among the leading 30 cryptocurrencies, Cosmos has captivated investment from crypto enthusiasts across the past few years. But its achievements have attracted the Securities and Exchange Commission’s (SEC) attention, raising allegations of it being an unregistered security.
The subsequent trajectory remains uncertain. Cosmos must also address regulatory concerns and reaffirm its value proposition to the broader crypto community. The future dynamics of the market will also influence the path forward. As always, conducting thorough individual research remains imperative.
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Cosmos ATOM FAQs
Who founded Cosmos Network?
In 2014, developers Jae Kwon and Ethan Buchman joined forces to establish the Cosmos network, simultaneously giving rise to Tendermint, the consensus algorithm that would subsequently serve as the driving force behind Cosmos. Subsequently, Kwon and Buchman authored the Cosmos white paper and unveiled its software in 2019.
What is the current ATOM supply?
The total supply of ATOM is 222,078,856, with 279,863,459 coins circulating, representing 80% available for trading among investors. The remaining 20% is held by the Interchain Foundation and All in Bits. Notably, the supply keeps expanding as users acquire more ATOM tokens through staking. This sets ATOM apart from other cryptocurrencies, which enter circulation through mining.
How high might ATOM hit?
Looking ahead to 2030, our ATOM price projection could point toward $200 or higher. However, it’s advisable to consider the annual average price of Cosmos, given the volatility of crypto market conditions. If extending the forecast to 2035, there is potential for ATOM to approach the $1000 mark.
Can ATOM achieve a $100 mark?
Yes, the possibility exists for Cosmos (ATOM) to surpass and exceed the $100 threshold. However, it must surpass its all-time high of $45. Besides, ATOM is expected to surpass the $200 milestone by the conclusion of 2030.
Where to purchase ATOM?
To buy ATOM in Australia, select a secure and reputable crypto exchange like CoinSpot. You then need to create an account on the exchange, verify it, deposit funds, access the Buy section, choose the desired quantity of ATOM, and make your purchase. Once you have acquired ATOM, you can store it in your CoinSpot wallet or transfer it to a personal wallet for enhanced security.
Is buying ATOM safe in Australia?
Yes. Buying ATOM in Australia is safe if you opt for a reputable and secure crypto exchange. CoinSpot, Australia’s leading crypto exchange, provides a reliable platform for purchasing Cosmos tokens with competitive fees. By using their services, you can have confidence in the safety and security of your ATOM transactions. You can read our CoinSpot review for further details.
Final Thought
The prevailing market trends and the established infrastructure supporting the ATOM token render it an exceptionally enticing investment prospect. Given Cosmos’ steadfast dedication to interoperability and its substantial growth potential, it’s evident that ATOM presents a prudent choice for investors.
Anchored by active development, scalability potential, and a dedicated team of developers, the Cosmos Network provides an accommodating foundation for numerous ambitious projects.
Nonetheless, Cosmos could face a challenging outlook if any of its prominent rivals outpace its growth rate. Its viability could also be at risk if blockchain networks establish connections with other platforms that don’t rely on intermediaries like Cosmos.
