Connect with us

Cosmos

Cosmos Price Prediction – Will ATOM Price Hit $65 in 2021?

Published

on

  • Bullish ATOM price prediction ranges from $24.87 to $41.90.
  • ATOM prices might also reach $65 soon.
  • ATOM bearish market price prediction for 2021 is $17.48.

This Cosmos (ATOM) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ATOM price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, ATOM is perhaps one of the most surprising for some. It is not directly connected to the crypto king Bitcoin, nor is it the most hyped digital currency today. But for those that are aware, ATOM has been around since 2020.

Can ATOM reach $65 in 2021? We will find out shortly. But before we proceed to our ATOM price prediction, let us first answer the question “What is Cosmos (ATOM)?” in this ATOM prediction 2021 article.

What is Cosmos (ATOM)?

Cosmos explains itself as a platform that solves few of the hardest issues facing the blockchain space. Moreover, it focuses on providing an antidote to slow, expensive, unscalable, and environmentally harmful proof-of-work protocol.

Advertisement

Evenmore, the project’s other aim includes creating blockchain technology less complex and difficult for developers. Furthermore, an Interblockchain Communication protocol creates it easier for blockchain space to communicate with each other safeguarding fragmentation in the industry.

Cosmos’s native token ATOM, reached its new ATH of $41.34 on Sep 18, 2021. Even more, since then the coin has faced many challenges.

Now that we have an idea about ATOM, do you think ATOM will be profitable crypto in 2021? Join me and let us see the charts in this ATOM price prediction.

Advertisement

Cosmos (ATOM) Current Market Status

As of the time of writing this Cosmos price analysis, ATOM trades at $39.05 with a 24-hour trading volume of $2,540,249,458, according to CoinMarketCap. The price of ATOM has increased by 8.81% in the last 24 hours.

Furthermore, ATOM has a current circulating supply of 210,767,262.76 ATOM. Currently, the top cryptocurrency exchanges for ATOM are Binance, Coinbase and OKEx. Now, let’s proceed to the next part of this ATOM price analysis for 2021.

Cosmos (ATOM) Price Analysis 2021

Currently, ATOM holds the 23rd place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ATOM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ATOM price prediction article.

Advertisement
ATOM/USDT Chart Showing Ascending Channel Pattern
ATOM/USDT Chart Showing Ascending Channel Pattern (Source: TradingView)

Based on the chart above, ATOM positions itself along with the raging bulls. Today, ATOM trades at a high price of $39.05. In addition, we can see that ATOM recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.

More so, the chart shows the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, ATOM is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with ATOM.

Conversely, if the bulls turn against crypto, the price of ATOM might fall. In short, ATOM might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

Advertisement
ATOM Relative Strength Index
ATOM Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is close to 70.36, which means that ATOM is in an overbought state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ATOM.

ATOM 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, ATOM’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ATOM has a competitive market this 2021.

Cosmos (ATOM) Price Prediction 2021

The chart below shows that ATOM has performed great over the past few days. Moreover, the ATOM price over 100% in the last 10 days. If this trend continues, ATOM might run along with the bulls, overtaking its $41.9 resistance level and reach higher.

Advertisement
ATOM/USDT Price Chart
ATOM/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ATOM from its uptrend position. In simpler terms, the price of ATOM might drop to almost $17.48, a bearish signal.

Meanwhile, our long-term ATOM price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $41.34. Moreover, it is possible for ATOM to reach this level this year.

Cosmos (ATOM) Price Prediction 2022

If this bullish trend continues, ATOM will reach $90 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $95. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $90 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Cosmos (ATOM) Price Prediction 2023

If ATOM holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $125, making it not plummet but play consistently.

Advertisement

Cosmos (ATOM) Price Prediction 2024

As per the latest upgrades, developments, ATOM price prediction, and new project forecasts of the platform, ATOM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ATOM in the crypto market, and it will be the best investment as the price can spike and reach around $200.

Cosmos (ATOM) Price Prediction 2025

In the next four years, ATOM prices could rise up to $250. More so, reaching this level could not be so difficult for ATOM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ATOM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

ATOM has a bright future ahead of it in 2021. With the ongoing developments happening within the ATOM system, as well as in the overall cryptocurrency market, we may see ATOM reach new heights.

Advertisement

Bullish ATOM price prediction 2021 is $41.9. As said above, it may even reach $65 if investors have decided that ATOM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is ATOM?

Cosmos defines itself as a project that solves few of the hardest problems facing the blockchain industry. Cosmos’s native token is ATOM.How to Buy ATOM Token?

Advertisement

Users can obtain ATOM tokens by purchasing them from cryptocurrency exchanges such as Binance, or Coinbase.Is ATOM a good investment in 2021?

ATOM is a good investment in 2021. However, ATOM has a high possibility of surpassing its current ATH at about $32.14 this year.Can ATOM reach $65 soon?

Yes, it’s very much possible that ATOM might reach $65 in the near future as per the current bullish trend.What will be the Cosmos price by 2022?

Advertisement

Cosmos (ATOM) price is expected to reach $90 by 2022.What will be the Cosmos price by 2023?

Cosmos (ATOM) price is expected to reach $125 by 2023.What will be the Cosmos price by 2024?

Cosmos (ATOM) price is expected to reach $200 by 2024.What will be the Cosmos price by 2025?

Advertisement

Cosmos (ATOM) price is expected to reach $250 by 2025.

News Source

Advertisement

Cosmos

Axie Infinity to Go 100X! LINK, COSMOS and DOT Price to Follow!

Published

on

It can be seen from the green candles in the crypto market that many altcoins are making good profits showing the very first moments of the altseason. The crypto space regained the lost momentum with the start of the new quarter. As Bitcoin price broke a major resistance of $44,100 reaching $47,700. This fueled up the altcoin rally, where-in the assets like Axie Infinity, Chainlink, Cosmos, and Polkadot showcase the strong potential of a massive rally in Q4. 

Axie Infinity Price Hits New ATH!

Followed by the announcement of its staking program, Axie Infinity became the first altcoin to initiate the bull run surged by 48.63% in the last 24 hours. Coinmarketcap chart shows that since retesting at a low of $52.2 on September 21, the AXS price surged by 140% higher to hit new ATH at $119.92 on 2nd October 2021. Axie Infinity’s trading volume increased from $421 million to $1.95 billion

As the altcoin season is on the horizon, the asset is expected to continue the bull rally further. The next support level for the asset lies between $65 to $75 if it fails to hold the present resistance.

Advertisement

Additionally, According to Crypto analyst Elliot Wainman, Axie Infinity can further drive other gaming platforms such as UFO gamingYield Guild, and other Play-to-Earn tokens. He suggested choosing the altcoins with a low market cap to have more profits once they begin the bull run.

These Altcoins to Follow Axie Infinity in the Quarter 4!

Chainlink, Cosmos, and Polkadot also showcase strong potential to follow the path of Axie. According to the popular crypto analyst, Michael Van De Poppe the above three assets can reach  $100 in the present quarter. 

Advertisement

Chainlink producing a decisive close at $23.34, seems to have confirmed the bullish momentum. As the Link price surged by 8.39% in the last 24-hours reaching $26.03 at the press time. The next resistance level for the asset lies near $31, breaking out could result in a massive price surge. 

ATOM price breaking at $33.67 recently surged to $38.19 with a 5.55% gain in the last 24 hours. The altcoin has an immediate resistance level near $42.79, breakout could result in forming a new ATH. In failing to hold the current support level, the asset may fall well below $30.

DOT price recently encountered a major resistance at $26.33. With a gain of 9.30% in the last 24 hours, the altcoin is trading at $32.06 at the press time. The next resistance level lies at $37.38 breaking out could result in a price surge up to $50. On the contrary, if it fails to do so it may sit at a support level of around $26.

Advertisement

News Source

Continue Reading

Terra (LUNA)

Terra completes network update, bridging LUNA with Cosmos, Solana, and Polkadot

Published

on

  • Terra’s upgrade to Columbus 5 is on, expected to bring more scalability and features for projects. 
  • Columbus 5 is Terra’s most significant one yet since it introduces a new “burn” policy. 
  • The wormhole, or the bridge between Terra to Solana projects, goes live with Columbus 5. 

The Terra ecosystem undergoes major changes with the arrival of Columbus 5. The upgrade brings a slew of developments and features to the protocol. 

Columbus 5 is here, Wormhole and Burn policy to be live soon

Terra’s most significant upgrade yet has been set in motion at 3:30 AM GMT on September 30, 2021. The upgrade is bringing three critical changes to Terra. There is a planned upgrade to Stargate, integration of IBC protocol, Ozone, Wormhole and a new burn policy. 

These changes are expected to influence the growth of the ecosystem positively. 

The most-awaited addition is the ‘Burn policy’. Traders and speculators have awaited the implementation of burn in LUNA.

Advertisement

Proponents expect this new policy to have a similar impact on LUNA as it did on the Ethereum ecosystem, pulling tokens out of the circulating supply by burning them. Furthermore, it is expected to have a positive impact on LUNA price by creating scarcity across exchanges. 

LUNA has offered relatively higher risk-adjusted returns than most other cryptocurrencies over the past two weeks in anticipation of Columbus 5 launch. Analysts have compared the altcoin to Solana before its explosive rally. 

Mike Novogratz, CEO of Galaxy Investment partners, is enthusiastic on the arrival of Columbus,

Advertisement

Stargate will enable integration with the Inter Blockchain Communication protocol to facilitate more interchain use cases. As of now, Terra has 8 live protocols, and the number is expected to multiply in the future with Stargate.

UST is expected to emerge as a preferred stablecoin for decentralized applications. 

Advertisement

Ryan Watkins, a senior research analyst at Messari Crypto, believes that UST growth will accelerate beyond $2.5 billion in circulation. 

The introduction of Wormhole and Ozone provides insurance to projects built by Terraform Labs and bridges projects on Terra to Solana. When UST moves between both networks, analysts expect further integration and collaboration between projects on both blockchain networks. 

Advertisement

The launch of the wormhole triggered an explosive rally in Solana. It is therefore considered as a key factor that is likely to drive LUNA demand and utility higher. 

The team behind Terra will share further updates once the upgrade is complete. Until then, they recommend no interaction with the Terra blockchain. 

Advertisement

Jay Jaboneta, managing director of DLSL Nexus, expects over 50 protocols to go live on Terra in the following months. Jaboneta tweeted,

Jay Jaboneta, managing director of DLSL Nexus, expects over 50 protocols to go live on Terra in the following months. Jaboneta tweeted,

Advertisement

News Source

Continue Reading

Cosmos

Cosmos Price Analysis: ATOM slowly retraces from $42, prepares for another push higher?

Published

on

  • Cosmos price analysis is bearish today.
  • ATOM/USD retraces from $42 today.
  • Closest support at $36.

Cosmos price analysis is bearish today as a lower high was set yesterday as bulls failed to sustain momentum. Therefore, we expect ATOM/USD to retrace and retest $36 support next.

Cosmos Price Analysis: ATOM slowly retraces from $42, prepares for another push higher? 1
Cryptocurrency heat map. Source: Coin360

The overall market traded in the green over the last 24 hours. The market leader, Bitcoin is up by 0.84 percent, while Ethereum has declined by 2.62 percent. Meanwhile, Solana (SOL) continues to be among the best performers, with several other altcoins following close by.

Cosmos price movement in the last 24 hours: Cosmos tests $42 again

ATOM/USD traded in a range of $38.24 – $41.65, indicating strong volatility over the last 24 hours. Total trading volume has declined by 17.93 percent and totals $1.38 billion, while the total market cap trades around $8.56 billion, ranking the coin in 20th place overall.

ATOM/USD 4-hour chart: ATOM set to retrace today?

On the 4-hour chart, we see the Cosmos price action declining today as bears lacked the momentum to push above $42.

Cosmos Price Analysis: ATOM retraces from $42, prepares for another push higher?
ATOM/USD 4-hour chart. Source: TradingView

Cosmos price action has traded with a strong bullish momentum this month. After a quick spike lower on the 7th of September, support was found around $18, and the market has moved higher since.

On the 20th of September, a new swing high was set around $44.5 after several days of strong upwards pressure. However, bulls were exhausted, and a reversal of 35 percent followed to the $29 mark.

Advertisement

Late last week, ATOM/USD rallied again and retested the previous major swing high. Any further upside was rejected again, resulting in a consolidation formed above $36 support, leading to the current failed test of $42 resistance and a minor retracement earlier today.

Cosmos Price Analysis: Conclusion 

Cosmos price analysis is bearish as the $42 mark rejected further upside overnight, and the market has declined so far today. Therefore, we expect further downside for ATOM/USD, with the $36 previous support likely to be retested again. 

While waiting for Cosmos to move further, read our guides on NFT Games, CoinJar, as well as Bitcoin Memes.

Advertisement

News Source

Continue Reading