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The Cosmos project offers a fresh and exciting take on cryptocurrency, offering opportunities for investors who are looking to make the most of their investments. Here is why you should invest in this promising project with an uncertain future.
The “can cosmos reach $1,000” is a question that many people have asked. The answer to the question is yes, it can. There are several reasons why this may happen.
The bitcoin sector is brimming with possibilities, and if you know where to search, you’ll find lots of them. Cosmos (ATOM), a project that aims to solve some of the blockchain industry’s “hardest problems” by offering an advanced network that works as an antidote to slow, unscalable, expensive, and environmentally harmful projects based on the proof-of-work protocol, is one such possibility, according to many experts.
The project’s price has already risen significantly in 2021, from $6.4 in January to $44.7 on September 24th. Since then, the coin’s price has been halved, and it now trades at $21.5, barely above its new low. Many others feel, however, that a slew of good occurrences that have already occurred or are likely to occur in the near future will push the ATOM price back up.
With that in mind, here are some of the most compelling reasons why analysts believe Cosmos’ (ATOM) price will soar in 2022.
1) The charts suggest a bullish buildup.
Technical analysis has traditionally been one of the most widely utilized strategies for generating price forecasts, and for good reason. ATOM’s have been exhibiting the so-called “bull flag” at the start of the month, which is a trend in the crypto business.
Avalanche (AVAX) has previously followed the same pattern before breaking out, and ATOM is anticipated to follow suit in due time. Of course, there isn’t a guarantee that ATOM will see a rise in price. As new events occur, they may have an influence on coin pricing and patterns, making them worthless.
However, it is a strong indicator that Cosmos has the ability to rise, should market conditions let it, which is a good sign and one of the reasons why we think it will.
2) It has staked more than half of its supply.
Another reason to predict a Cosmos price rise is that 64 percent of the coin’s supply has been staked, implying that the circulating supply is experiencing scarcity, which might play a significant influence. Of course, staking enables users to receive passive revenue in return for contributing to the project.
As of early December, evidence showed that Cosmos investors have pledged more than 180 million ATOM tokens to become validators on the network, earning them the aforementioned benefits as passive income. The growing number of staked tokens propelled the price to its current all-time high earlier this year, and there’s no reason why it won’t happen again, particularly as the number of staked cryptos continues to rise.
3) The Emeris launch
Cosmos, like many other crypto ventures, is focused on decentralized finance (DeFi), a key crypto movement that exploded in 2020 and is still growing. DeFi has changed the crypto world by making decentralized banking not only viable, but also simple and accessible to everyone with a smartphone and an internet connection.
DeFi is still a little rough around the edges, and Cosmos’ debut of Emeris — the first functioning user interface for DeFi inside the project’s ecosystem — has undoubtedly drawn attention to the project. Cosmos’ DeFi sector has seen a huge increase in capabilities, and ATOM has become a fantastic bargain.
While this occurred a few months ago, the situation has not altered, and the interface continues to provide access to a variety of DeFi protocols, many of which are cross-chain, which brings us to the following section:
4) The Gravity Bridge Chain’s Arrival
Cosmos announced the debut of the Gravity Bridge Chain, which is effectively an open and interoperable bridge between Cosmos and Ethereum, in a blog post last week on December 10th. This has been a long-awaited unified vision that would bring projects, teams, dApps, different protocols, and more together.
For years, the concept of linked chains, or Interchain, has been one of the main obsessions in the blockchain business, and it’s a key component of Web 3.0, the next iteration of the internet.
Cosmos envisions Gravity Bridge as a “foundational piece of infrastructure accessible to all Cosmos chains freely, purpose-built to update and evolve fast, and support the bridge requirements of the chains that interface with it” in this forthcoming interoperable system. The effort will provide open markets, frictionless trading, and unlocked liquidity to everyone in equal proportion, as is the vision for the future of crypto trading.
Surprisingly, the project’s ATOM token was not designed to be utilized as part of the Gravity Bridge Chain, and will instead be replaced by Graviton (GRAV). The Gravity Bridge Chain, as part of the Cosmos ecosystem, might, nonetheless, have a favorable influence on ATOM currencies.
5) InterBTC’s entry in the Cosmos environment
Finally, the Interchain Foundation is responsible for ATOM’s past and probable future positive momentum (IFC). The team announced their commitment to the Interlay Development Fund a while back, with the goal of bringing wrapped Bitcoin to Cosmos’ environment and allowing Bitcoin users to mint it and utilize Cosmos’ goods.
Interlay employs a lock and hold system that allows customers to keep their BTC money secure and worry-free. The interBTC tokens they get in exchange are exactly as secure and valuable as the BTC they were given. So, although Bitcoin cannot have decentralized finance protocols and products, there are still methods for it to engage in DeFi, not only on Ethereum’s network, but on any other that chooses to implement its own version.
Of course, given Bitcoin’s reputation and market supremacy, such a move is certain to have long-term ramifications for any network that accepts the currency, including Cosmos and its native token, ATOM.
Conclusion
Cosmos (ATOM) is an amazing project in and of itself, but there have been a number of events in recent months that have thrust it into the forefront. While the project is still being influenced by the larger crypto market, given all of the recent good events, there is a lot to look forward to.
Similar events had an influence on it when it hit its all-time high, and although its price has subsequently corrected, there are still plenty of fresh reasons for Cosmos to rebound, and then perhaps explode to whole new heights.
Visit our Investing in Cosmos guide for more information.
Watch This Video-
The “cosmos (atom price prediction 2025)” is a coin that has been predicted to skyrocket in 2022. The reason why the coin might sky rocket is because of its unique features, such as the ability to create your own blockchain and the use of smart contracts.
Frequently Asked Questions
Does Cosmos have a future?
Is ATOM A Good Investment 2021?
A: In 2021, its too early to tell if ATOM will be a good investment.
What is Cosmos ATOM?
A: Cosmos ATOM is a virtual reality game where players explore the universe and can take on different roles in their quest to find out what happened to humanity.
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