Cosmos (ATOM) is a cryptocurrency that enables different ecosystems of blockchains to interact with one another. The team’s goal is to “build an Internet of Blockchains, a network of decentralised blockchains capable of communicating with one another.”
Cosmos uses a proof-of-stake consensus mechanism, which implies ATOM holders can stake their tokens to help keep the network running and gain additional ATOM as a reward.
Cosmos (ATOM) Price Prediction
With a market capitalization of $2.6 billion, ATOM is currently trading at $9.38. Its prices have risen by 3.88% in the last 7 days. However, it had been experiencing a downward trend for quite some time. ATOM prices are down by 10.27% in the last one month, by 32.99% in the last two months, by 24.64% in the last three months, and by 74.05% year-to-date (YTD).
According to Coincodex’s technical analysis, investor sentiment around Cosmos is bearish. They predict that the price of ATOM will be between $ 13.27 and $ 22.99 by 2023, between $ 16.99 and $ 51.01 by 2024, and between $ 21.74 and $ 113.15 by 2025.
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How much money would you make if Cosmos (ATOM) hit $50?
Let’s say you invest a modest $100 in Cosmos today. At the current rate, which is $9.38, that will get you approximately 10.66 ATOM coins. If you hold these for a long time, until their price hits $50, you could potentially make $533 on your $100 investment.
Let’s assume you invest $1000 in ATOM today. At today’s market price, you will have approximately 106.6 ATOM coins. If liquidated at the price of $50, your $1,000 investment will be worth approximately $5,330, giving you a 5X or 453.30% return on investment (ROI). If ATOM hits the $50 mark by 2025 (i.e., in the next 3 years), your annualised ROI will be 76.87%.
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