Cosmos (CCC:ATOM-USD) surged 25% in trading today to a new all-time high just over $32. ATOM-USD has since retreated slightly from the peak of $32.05 to $29.22 at the time of writing.
Cosmos is a platform for streamlining transactions between different blockchains, such as Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD). Dubbed the
by its founders, Cosmos uses . ATOM is the coin that powers it all.
Cosmos solves the , i.e. the need for two digital currencies to have compatible technologies and protocols in order to interact. Its Inter-Blockchain Communication protocol lets users exchange assets from one blockchain to another. Cosmos also provides tools for developers to easily build their own blockchain applications on the Cosmos network.
ATOM is the blockchain’s native coin and is primarily used to reward validators and for staking. There is no specific limit on the supply of ATOM. The number of tokens created is based on the number of ATOM being staked, which leads to
With Cosmos currently trading around $29, where does ATOM-USD go from here?
Cosmos (ATOM) Price Predictions
- Back on April 18, FXStreet said a “decisive close” above $22.62 would forecast a rally that would .
- Gov Capital has a .
- Coinpedia has an optimistic Cosmos (Atom) price prediction, saying the coin could . They go on to say ATOM-USD will likely reach $40 by the end of 2022 and $63 to $67 by 2025.
- Wallet Investor has .
- Trading Beasts predicts .
- Digital Coin Price has a and $90.08 by the end of 2025.
On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article.
