The string of high-profile crypto bankruptcies that started in November last year with the collapse of FTX caused considerable damage to investors' trust in the industry. However, the market has rebound since, and although the prices of most crypto assets are still a far cry from their 2021 all-time highs, a number of Bitcoin ETF filings from companies such as Fidelity, Ark Invest, Invesco, and VanEck leaves room for cautious optimism. Furthermore, the next halving event for Bitcoin in April 2024 is believed by some industry experts to trigger a new bull run.
On the other hand, the recent SEC's lawsuits against Binance and Coinbase, in which the regulator labeled at least 70 cryptos as securities, put cryptocurrencies' future in the crosshairs. And although Ripple's recent partial victory in its fight with the Commission instilled newfound confidence in investors, regulatory hurdles still remain a significant risk for non-PoW crypto projects.
In our Cosmos price prediction, we’ll take a closer look at its prospects from 2023-2027. Read on to find out where the price of Cosmos could be headed next.
Read also: Kava 14 Accelerates Cosmos Ecosystem Expansion
What is Cosmos?
Cosmos (ATOM) is a decentralized network of independent parallel blockchains, each powered by classical Byzantine fault-tolerant (BFT) consensus algorithms like Tendermint. The goal of Cosmos is to make it easier for developers to build different blockchains and applications and allow these blockchains to interact and communicate with one another in a scalable and interoperable ecosystem. Tendermint is a consensus algorithm that is part of the core of Cosmos. It allows for the secure and consistent replication of an application on many machines. The Inter-Blockchain Communication (IBC) Protocol enables different blockchains to communicate and share data and tokens with each other. It's like a bridge between different blockchains, allowing them to operate together in a single ecosystem. The Cosmos Hub is the main blockchain in the Cosmos Network, which connects to other blockchains (called "Zones") through the IBC protocol. ATOM is the native cryptocurrency of the Cosmos Hub, used for staking and governance within the network.
Cosmos (ATOM) price
Currently, Cosmos Price is USD. ATOM has a circulating supply of coins and a total supply of . If you are looking to buy or sell Cosmos, Binance is currently the most liquid exchange.
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Cosmos price prediction 2023
Although the brutal days of crypto winter have most likely already come to an end, most crypto assets are currently trading sideways, as bulls and bears struggle to break the prolonged stalemate. At the time of writing, there are no significant developments in the industry that could lead to a surge in prices. The market is so hungry for volatility that any positive news may become a catalyst for a bull run — and many expect that the approval of a Bitcoin ETF may bring the long-awaited crypto summer.
On the flip side, the market also remains susceptible to negative news and regulatory uncertainties that could trigger a bearish trend. Investors are closely monitoring potential regulatory actions in major markets, changes in macroeconomic factors, and the broader global economic climate, all of which could significantly impact the direction of cryptocurrency prices.
One major concern is the possibility of increased regulatory scrutiny or stringent regulations being enacted, particularly in significant markets like the United States or European Union. Such actions could lead to decreased liquidity and potentially deter new investments, resulting in a downward pressure on prices.
Furthermore, any unforeseen global events or shifts in the traditional financial markets could spill over into the crypto space, influencing investor sentiment and causing unexpected price movements.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Cosmos 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Cosmos price at $8.4 to $10.3. On the flip side, a fading interest in the new meme coin may push the price of Cosmos to $5.78-$4.19 lows.
Cosmos price prediction 2024
In 2024, Bitcoin halving will likely become a focal point for both crypto enthusiasts and potential investors. Furthermore, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Cosmos (ATOM) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of Cosmos to climb as high as $13.05, with the more distant prospect of reaching $15.46 in 2024. The bearish scenario is likely to see Cosmos (ATOM) trading between $10.19 and $8.94 in 2024.
Cosmos price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Cosmos (ATOM) price analysis and prediction is based on pure speculation and observation of Cosmos historical price movements.
Our Cosmos 2025 price forecast expects ATOM to rally towards $17.95 and reach $21.67 by the end of the year. The bearish scenario would see Cosmos at $14.22 to $11.38.
Cosmos (ATOM) price prediction 2026
Judging from the previous price movements, Coinpaper's bullish price prediction for Cosmos in 2026 ranges between $26.57 and $28.23. In case of a bearish scenario, we can see the price of Cosmos fall to $21.91-$17.04 lows.
Cosmos (ATOM) price prediction 2027
Looking ahead five years, to 2027, Coinpaper's price prediction for Cosmos is neutral. In 2027, we expect Cosmos to reach to $39.84. In case of a bearish scenario, Cosmos may fall to $31.37.
Is Cosmos (ATOM) a good investment?
Cosmos offers unique solutions in the blockchain space, like enabling different blockchains to communicate with each other. Considering its unique value proposition and a steady demand for scalable blockchains with high throughput, ATOM can be a good addition to your alts portfolio. Please remember that investing in cryptocurrencies is speculative and can be risky. It's essential to only invest money that you can afford to lose.
Bottom line
Are you ready to invest in Cosmos? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy ATOM from many crypto exchanges, including Binance
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
FAQs
Who created Cosmos?
Cosmos was created by a team of developers, and its founding was primarily led by Jae Kwon, Ethan Buchman, and Zarko Milosevic.
What was the all-time high for Cosmos (ATOM) ?
The all-time high price of Cosmos is on 2021-05-06
