Due to the steady development and popularization of the ideas of the cryptocurrency community, the modern crypto market is constantly in need of new technical and conceptual solutions that could improve user interaction with crypto. One of these projects is the Cosmos network and its internal digital coin ATOM.
Based on the fact that this crypto project offers users many unique functions, it is not surprising that many users are trying to find information on the Internet about how ATOM mining is carried out and how to mine Cosmos on Nvidia or with the help of other technical solutions.
Cosmos Overview
Cosmos is an ecosystem made up of blockchains that can interact with each other. Until its creation, each blockchain was isolated and could not intersect with the rest of bullish on-chain metrics. Besides, it was difficult to achieve high transaction speed. However, Cosmos offers a new technological vision.
In Cosmos, the blockchains work as independent parallels, powered by the Byzantine Fault Tolerance (BFT) algorithm. The whole system operates on the Tendermint consensus, created by Jae Kwon in 2014. Cosmos creates an ecosystem of blockchains that can scale and interoperate.
The Cosmos project has several important technical features helping to achieve the interaction goals: scalability, Byzantine Fault Tolerance, Proof-of-Stake algorithm, and cross-blockchain bridges.
In a few words, Byzantine Fault Tolerance (BFT) is a property of a system capable of withstanding a class of failures arising from the Problems of Byzantine Generals. This means that the BFT system can continue to work even if some of the nodes are down or acting maliciously.
Scalability is an essential feature of any project aimed at supporting future application development. Cosmos’ intention is to increase its scalability using other various compatible networks connected through zones. These zones operate in parallel to increase transaction throughput. Each zone has its register, agreement protocol, and primary language.
The PoS method is based on a set of semi-trusted nodes for voting by blocks. As long as more than a quarter of the voting nodes are honest, the protocol will work without any problems. Consensus nodes need to provide a share of ATOM tokens as collateral. Any node that finds that it is acting with malicious intent will be deleted from the system, and its ATOMs will be burned.
Validators, running on cross-chain bridges, are synchronized with the central Cosmos Hub. However, they also launch a full node on the opposite blockchain on the other side of the bridge to confirm that the corresponding amount has been fixed. Original tokens are blocked in a scenario with several signatures until the bridge verification tool unlocks them. Accordingly, it destroys the tokens in the cross-chain. This approach allows users to transfer digital assets in different chains.
ATOM is a native cryptocurrency used to pay transaction fees at the Cosmos main center and participate in the consensus process.
Cosmos Price Analysis
Cosmos is a decentralized network connecting independent blockchains to ensure interaction between them. The network operates on the Tendermint consensus algorithm, and the developers position it as an “Internet of blockchains.” On August 18, ATOM’s price increased by 25% from $15 to $20 after the launch of the DeFi firewall interface called Emeris.
At the end of August, Cosmos developers launched a “bridge” to the Ethereum network. Integration of Sifchain, a decentralized exchange (DEX) on Cosmos network, with the Inter-Blockchain Communication (IBC) protocol allowed to conduct trade transactions between Cosmos and Ethereum networks for the first time.
After several months of consolidation, ATOM/USD began to surge on July 24. It continued to do so until it reached a new high on September 12.
ATOM/USD stopped the climb on September 14, retreating to the previous all-time high support level of $32.5, with several days of consolidation around the price area. On September 16, the Cosmos price made another push higher, establishing a new low peak as bulls were not yet ready to go any further.
On the other hand, the ATOM coin has continued to rise since August 23. It pushed through several obstacles before finally breaking out of a short-term consolidation range at the beginning of September. The ATOM project cryptocurrency exchange rate subsequently passed the $40 mark, establishing a new all-time maximum price of $44.42 on September 20.
Cosmos Actual Price
According to CoinMarketCap.com, the actual Cosmos price as of 14th of October is $34.80. Over the past day, the price has increased by 6.99%, and over the week, it has fallen by 8.99%. Cosmos price analysis has shown that the digital asset’s cost grew by 23.95% in a month. Moreover, its value has increased by 454.83% over the year.
Furthermore, ATOM has a current circulating supply of 222,814,147.82 coins.
If you are looking for the best place to buy some ATOM coins you should choose an instant crypto exchange Changelly. Here, you can easily get Cosmos or any other of 200+ digital assets available at Changelly. Moreover, our users are able to buy and sell digital coins with yo credit or debit card in just a few clicks.
Market Predictions
There is quite a lot of competition among projects trying to solve the interaction issues between blockchains. Cosmos’ competitors include startups such as Polkadot, AION, and Penta. Cosmos offers a platform for making payments and exchanging information between blocks, but the problem of interaction between blockchains is still relevant. The solution to it will allow not only to make payments between blockchains but also to exchange information in full. Thus, the future of the project depends on its development.
It is risky to write a forecast for the ATOM cryptocurrency, just like for any other digital asset — the crypto market is too unpredictable. However, some take risks and voice their options. Whether they coincide with reality or not is another question.
According to Wallet Investor and Digital Coin Price, the ATOM rate will continue gaining profit in a matter of a year. By the end of 2021, it might reach almost $30 making it 63% of potential growth. Meanwhile, Gov. Capital is more bullish and predicts a double growth — $40.
Many experts who reason practically and do not take risks every minute advise if you invest in Cosmos, then not too much. In addition, they remind of the fact that such investments should be perceived as long-term. There will be no quick profit in this case. And of course, ATOM’s prospects will be affected not only by the development of the project itself but also by the state of the cryptocurrency market as a whole. Changelly encourages all users to do their own research before investing in cryptocurrencies.
Cosmos Price Prediction 2021-2030
Cosmos price started at the level of $8.57 in 2021. Today, Cosmos is traded at $34.50, so the price has increased by 303% since the beginning of the year. The forecasted Cosmos price for the end of 2021 is $100.70 — and the year-to-year change is +1075%. The rise from today to year-end is +192%. In the first half of 2022, the Cosmos price might reach $191.28; in the second half, the cost would add $22.45 and close the year at $213.73, which is +520% to the current price.
Cosmos Price Forecast by the End of 2021
There is no doubt that Cosmos is a promising and prospective project. However, Cosmos price predictions shown below should not be suggested as the only scenario. The cryptocurrency market is highly volatile, so do your research before investing in any asset.
Cosmos Price Prediction November 2021
The average price of Cosmos (ATOM) may drop to $37.95 by the end of November. ATOM could be traded around the maximum value of $39.03 with a minimum expected price of $34.70.See also
Cosmos Price Prediction December 2021
In December 2021, the price of Cosmos is projected to be approximately at the minimum level of $36.90. The Cosmos price value could reach a maximum of $40.55 with an average trading value of $38.71.
Cosmos Future Price Prediction 2022
According to most ATOM crypto price predictions, in 2022, ATOM’s price might be around $56, which is a significant growth compared to the current price, with the potential to grow even further in the following years.
MonthMinimum PriceAverage PriceMaximum PriceJanuary 202237.1640.6441.81February 202239.9341.8643.43March 202241.5743.1245.52April 202243.3044.8447.25May 202244.1945.7449.49June 202245.5647.1151.78July 202247.0649.0053.66August 202248.0449.9855.62September 202249.4350.9857.62October 202251.4753.0259.66November 202252.6754.6162.31December 202254.3156.2565.04
Cosmos Price Prediction 2023
It is expected that the ATOM price will cross the average price level of $85.79 in 2023. The expected minimum value of the Cosmos price by the end of this year should be $83.54. In addition, ATOM could reach a maximum price level of $95.13.
MonthMinimum PriceAverage PriceMaximum PriceJanuary 202354.0059.0660.74February 202359.1761.4263.11March 202361.0163.2665.56April 202362.2864.5368.73May 202363.6566.4671.31June 202366.8769.1273.97July 202368.3871.2076.73August 202371.0873.3380.29September 202373.4576.2683.22October 202377.0779.3287.04November 202380.2482.4991.00December 202383.5485.7995.13
Cosmos Price Prediction 2024
According to the forecasted price and technical analysis of Cosmos, in 2024, it is expected that the ATOM price will cross the average price level of $177.59; the expected minimum value of the Cosmos price by the end of the year should be $171.30. Moreover, ATOM can reach the maximum price level of $213.70.
MonthMinimum PriceAverage PriceMaximum PriceJanuary 2024120.82132.14135.92February 2024129.75134.79142.53March 2024135.14140.18147.92April 2024136.69142.98154.93May 2024142.24147.27160.64June 2024146.87153.16168.01July 2024152.99159.29175.67August 2024157.44162.47183.63September 2024160.69165.72191.75October 2024164.00169.04200.04November 2024167.38172.42206.80December 2024171.30177.59213.70
Cosmos Price Prediction 2025
According to the Cosmos price forecast by Cryptonewsz.com, the next four years could bring a significant increase in the average Cosmos (ATOM) price. Considering the current rate’s growth, the experts claim the Cosmos network coin could reach the level of $50.79 by the end of 2025. However, as stated by another crypto analytical resource, Digital Coin Price, the expected maximum price of Cosmos coin might reach a mark of $100 in the following four years.
Cosmos Price Prediction 2030
What could be the reason for Cosmos’ cryptocurrency price growth in the long-term perspective? Let’s be clear: Cosmos is another smart contract platform. One might call it “another Ethereum.” However, its architecture is brilliant from a technical point of view. The main advantage of Cosmos is its superior and easy-to-use software development kit. With all of these things, the project’s main goal is to reach enormous scalability.
If the developers make high scalability happen, Cosmos’ price might jump to the moon, as developers might shift to this project from Ethereum. Time will tell.
You can always exchange your coins and tokens to ATOM on Changelly or instantly buy Cosmos cryptocurrency with a credit card (Visa, Mastercard), bank transfer, and Apple Pay.
FAQ
Is Cosmos a good investment?
Cosmos is an awe-inspiring project with good plans for the future. The network’s native token, ATOM, has a high probability of surpassing its current all-time high.
Is Cosmos built on Ethereum?
Ethermint is an implementation of the Ethereum blockchain on top of Tendermint, which is implemented in the Cosmos Network. Ethermint has a current state of the Ethereum network constantly syncing with it.
How high can Cosmos go?
The average Cosmos exchange rate could reach $35.31 by the end of this year. If we outline a five-year plan, we consider that the coin has all chances to reach the $160.49 mark.
Does Cosmos have smart contracts?
With Solidity usage, it is possible to develop smart contracts that will work in the Cosmos blockchain.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
