Cosmos Price Prediction
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Today's ForecastsCosmos(ATOM) opened trading today at $7.23. It achieved a Market high of $7.27 and a subsequent Market low of $6.04, Representing a change of $-1.08 and price percentage change of -14.91% . Its current Price is $6.15 representing a market share of 0.25% only.
A total volumn of $6,051,801 worth of Cosmos traded hands today, achieving a Maximum Market Cap of $1,173,305,984 for the day.
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The Bull Case 🐃 for Cosmos
Many people are looking to invest in digital assets (including Cosmos) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Cosmos as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Cosmos has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Cosmos is currently trading around $6.15.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Cosmos
Cosmos is a network of many independent blockchains, called zones. The zones are powered by Tendermint Core, which provides a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behaviour of malicious actors. Tendermint Core’s BFT consensus algorithm is well suited for scaling public proof-of-stake blockchains.
The first zone on Cosmos is called the Cosmos Hub. The Cosmos Hub is a multi-asset proof-of-stake cryptocurrency with a simple governance mechanism which enables the network to adapt and upgrade. In addition, the Cosmos Hub can be extended by connecting other zones. The hub and zones of the Cosmos network communicate with each other via an inter-blockchain communication (IBC) protocol, a kind of virtual UDP or TCP for blockchains. Tokens can be transferred from one zone to another securely and quickly without the need for exchange liquidity between zones. Instead, all inter-zone token transfers go through the Cosmos Hub, which keeps track of the total amount of tokens held by each zone. The hub isolates each zone from the failure of other zones. Because anyone can connect a new zone to the Cosmos Hub, zones allow for future-compatibility with new blockchain innovations.Visit website open_in_new
ATOM Trading Stats for Today - 2020-09-03 06:10:48 +01:00 BST
|Current Supply||190,688,432 ATOM|
|24h Volume (coin)||913,738 ATOM|
|24h Volume (currency)||$6,051,801|
|Last updated||2020-09-03 06:10:48 +01:00 BST|
Other Price Forecasts similar to Cosmos(ATOM) :
Common ATOM Price Prediction Questions
What is Cosmos’s potential future value?
ATOM's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Cosmos is and what it does. This is because Cosmos's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can ATOM make you one?
What is going on with Cosmos's price?
In order not to be too rattled, read our Fundamental analysis above on Cosmos to know if it’s a good hodl.
How high will Cosmos go?
No one really knows for sure. We however predict ATOM might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Cosmos(ATOM) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Cosmos to see its expected value. You can also visit Cosmos's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Cosmos website page will quickly provide you with that value.
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Why is Cosmos's price going down?
It’s difficult to tell right now as the daily ATOM candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Cosmos's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Cosmos, Simple click the Social Button on this page, located immediately below the Price Charts.
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Cosmos Daily Price History
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