Can Cosmos Reach $10,000? Cosmos Price Prediction 2023-2030
Cosmos Price Prediction: Latest news
- The next CosmWasm feature release brings significant improvements for contract developers and node operators. It includes support for Rust 1.70+ and sign extensions, as well as the addition of signed integer types. New queries and messages have been introduced, and parsing coin strings is now allowed.
- Additionally, changes have been made to the cache folder to improve CPU compatibility. The release also deprecates the cosmwasm-storage crate, urging users to migrate to cw-storage-plus or cosmwasm-std for storage access.
Cosmos Price Prediction: Is Cosmos a Good Investment?
The Cosmos network is a network of Independent blockchains. The Cosmos Tendermint Consensus algorithm streamlines the interactions between these various Independent blockchains. The Interchain Foundation has developed and operates the Cosmos Network. Cosmos is based on a proof-of-stake consensus mechanism.
The Cosmos Ecosystem’s main innovations revolve around interoperability, scalability, security, and decentralized governance. Inter-Blockchain Communication (IBC), allows chains within the ecosystem to communicate with each other natively and securely, paving the way for cross-chain communication and interactions. With the Cosmos SDK, developers can build blockchains capable of quickly and efficiently processing transactions, thereby enhancing scalability.
- The Cosmos Ecosystem has 29 blockchains and Tokens with a combined market cap of $12 Billion. Some of the strongest blockchains include OKB, THORChain operate in the Cosmos Ecosystem. Community favorite Terra Classic also operates on the Cosmos Ecosystem.
- Cosmos has over 255+ apps running on its network. The platform is fully customizable so developers can easily create and issue new blockchain applications. Binance launched its own blockchain dubbed Binance Chain, which utilizes Tendermint at its core.
- ATOM is a crypto asset owned by the Cosmos network. After an ICO in 2017, ATOMs are given through validator and delegator rewards. Validators need to first stake ATOM and need to be in the Top 100 of Nodes that are staking Atom to earn the right to validate/vote
- Each change, upgrade, or feature activation in the Cosmos protocol depends highly on ATOM holders’ approval.
Latest Update: Composable Finance launched a trustless connection named Centauri to bridge the Polkadot (DotSama) and Cosmos ecosystems. The connection allows for Inter-Blockchain Communication (IBC) transfers with the Picasso Network, enabling interactions between Cosmos chains and DotSama parachains. This new decentralized and secure cross-chain system diminishes the reliance on trusted third-party solutions, thus solving fragmentation issues. It facilitates free-flowing liquidity between the previously disconnected ecosystems, benefiting dApps and users.
In the DeFi sector, Cosmos ranks 6th with a Total Value Locked (TVL) of $1.1 billion. One of the key elements of the Cosmos DeFi ecosystem is Osmosis, a popular decentralized exchange (DEX) in the Cosmos ecosystem. Osmosis has the largest TVL within the Cosmos ecosystem, with an average of over $250 million USD in IBC transfers each month and over 7.4 million OSMO traded on the DEX
ATOM is the native crypto asset of the Cosmos network
- ATOMs are distributed as validator and delegator rewards.
- Validators stake ATOMs, with only the top 100 nodes earning the right to validate and vote. ATOM tokens play a crucial role in the Cosmos protocol, with changes, upgrades, or feature activations largely dependent on ATOM holder approval.
- These tokens also serve as the network’s transaction fee, with users being able to stake their ATOM tokens for rewards.
- Furthermore, ATOM token holders can actively participate in the governance of the Cosmos blockchain.
Cosmos Performance Statistics
- DeFi: TVL is $1.1 Billion, Ranked 6th
Overall, we believe Cosmos ATOM is a moderate investment.
Cosmos Price Prediction 2023: Can Cosmos Reach $10000?
To reach $10000, Cosmos ATOM will have to rise by 934 times. At $10000, ATOM’s market cap will be $3.5 Trillion. If Cosmos were to rise at 25% every year, it would take it 31 years to reach $10,000.
Looking at the growth requirement, Market Cap estimate, and time required to reach $1000 at 25% growth it is quite evident that Comos will not reach $10000. Perhaps a 90% burn will make this much more feasible.
Cosmos Price Prediction 2023: Can Cosmos Reach $100?
Cosmos is likely to perform well given the large ecosystem of blockchains and apps. This gives Cosmos the diversity to be successful across the spectrum of use cases whether smart contracts, DeFi, NFT or gaming.
Cosmos requires to grow about 8 times to reach $100
Also, ATOM reached its all-time high price of $43 in October 2021. ATOM’s market price grew by 4.53 times during that period (from a low value of $9.5 in June 2021). Thus, it grew by nearly 1.13 times in one month.
Therefore, ATOM needs nearly 7 months to reach $100, as per the calculations.
However, it is not feasible considering the market condition of economic factors, hence, Cosmos will need more time to reach $100.
Can Cosmos Reach $1000?
In theory, Cosmos can reach $1000. Cosmos by its nature has a wide range of use cases and enough apps and blockchains in the ecosystem to be successful. However, even at a relatively conservative growth of 25%, it will take 20 years for ATOM to reach $1000. That is an unreliable prediction.
Also Read: What is the best platform to stake ATOM?
Cosmos Price Prediction for the Next 6 Hours
- Atom Cosmos Price Prediction in the next 24 hours is between $7.03 and $7.21
- Atom Cosmos Price Prediction this week is between $6.76 and $7.50
ATOM Coin Price Prediction Today
|1. Market's Wisdom||Partially Bearish|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Higher|
Cosmos Price Prediction 2023, 2025 and 2030
- Atom Cosmos Price Prediction 2023 is $10.7
- Atom Cosmos Price Prediction 2025 is $33.7
- Atom Cosmos Price Prediction 2030 is $200
Cosmos Price Prediction 2022: How to buy ATOM?
Follow these simple steps if you wish to buy ATOM:
- Select a Crypto exchange that supports ATOM.
- Create an account with the Exchange.
- Verify your identity.
- Fund the wallet.
- Make the purchase.
Where can you purchase ATOM?
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks or Cryptos. Please consult a registered investment advisor to guide you on your financial decisions.