Osmosis, a decentralized exchange, or DEX, on the Cosmos blockchain, raised $21 million dollars in a token sale led by VC fund Paradigm along with a consortium of investors including Robot Ventures, Nascent, Ethereal, and Figment.
Osmosis allows developers to build customized Automated Market Makers, or AMMs, with sovereign liquidity pools. The DEX uses a native token called OSMO for governance and staking, and currently contains a total of $544 Million.
The project alleges to provide superfluid staking and instant block confirmation. Superfluid staking lets liquidity holders stake their LP tokens to earn pro rata staking rewards in OSMO. This gives token holders the ability to compound staking and liquidity yields while keeping the network secure. Instant block confirmations create Miner-Extractable-Value, or MEV resistance, which keeps traders from cherry-picking transactions on the network.
Paradigm, an investment firm known for its focus on DEX platforms, brings Osmosis into its DEX portfolio alongside Maker, Synthetic, Uniswap, Optimism, FTX, Coinbase, and BlockFi. The company’s stake in Osmosis is its first investment into the Cosmos ecosystem. All of its other holdings have been in Ethereum-based DEX platforms.
“Osmosis is our first AMM investment outside of the Ethereum ecosystem. The Osmosis contributors are a world-class team of engineers, product innovators, and operators bringing the right product to market at exactly the right time,” stated Charlie Noyes, investment partner at Paradigm:
“The launch of IBC, Cosmos’ cross-chain interoperability protocol, kicked off a Cambrian explosion of developer activity and experimentation. Osmosis is the natural center of gravity for liquidity in Cosmos’ emerging Defi ecosystem.”
The platform’s successful fundraise follows a rise in traffic growth that has occurred on the Cosmos network since the launch of its new Inter Blockchain Communication Protocol in March. The new protocol allows for digital assets to be transferred between chains in the network. In the last month, Osmosis has had the largest number of token transfers through the IBC protocol in the last month.
The main design concept behind the Cosmos blockchain was to create an “Internet of Blockchains,” according to the project’s whitepaper. The Cosmos Network is made up of its main chain called the Cosmos Hub which is the backbone to a network of decentralized, interconnected blockchains which includes the Binance Smart Chain.
Cosmos Price Prediction – Will ATOM Price Hit $80 in 2021?
- Bullish ATOM price prediction ranges from $43.85 to $66.41.
- ATOM prices might also reach $80 soon.
- ATOM bearish market price prediction for 2021 is $31.38.
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 $80 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.
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 $44.70 on Sep 20, 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.
Cosmos (ATOM) Current Market Status
As of the time of writing this Cosmos price analysis, ATOM trades at $33.20 with a 24-hour trading volume of $394,916,650, according to CoinMarketCap. The price of ATOM has increased by 3.30% 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, OKEx, FTX, Huobi Global, and Mandala Exchange. Now, let’s proceed to the next part of this ATOM price analysis for 2021.
Cosmos (ATOM) Price Analysis 2021
Currently, ATOM holds the 31th 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.
Based on the chart above, ATOM positions itself along with the raging bulls. Today, ATOM trades at a high price of $33.20. In addition, we can see that ATOM recently performed a Descending Channel pattern. A descending channel is the price action that occurs in a downward direction through a falling parallel line.
More so, the chart shows the lower highs and lower Lows forms 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.
The Relative Strength Index (RSI) is close to 47.12, which means that ATOM is in neither overbought nor oversold 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.
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 635% in the last 12 months. If this trend continues, ATOM might run along with the bulls, overtaking its $66.41 resistance level and reach higher.
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 $31.38, 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 $44.70. 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 $150 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $180. 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 $250, making it not plummet but play consistently.
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 $500.
Cosmos (ATOM) Price Prediction 2025
In the next four years, ATOM prices could rise up to $680. More so, reaching this level could not be so difficult for ATOM as an 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.
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.
Bullish ATOM price prediction 2021 is $66.41. As said above, it may even reach $80 if investors have decided that ATOM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
What is ATOM?
Cosmos explains itself as a platform that solves few of the hardest issues facing the blockchain space. Its native token is ATOM.How to Buy ATOM Token?
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 $44.70 this year.Can ATOM reach $80 soon?
Yes, it’s very much possible that ATOM might reach $80 in the near future as per the current bullish trend.What will be the Cosmos price by 2022?
Cosmos (ATOM) price is expected to reach $180 by 2022.What will be the Cosmos price by 2023?
Cosmos (ATOM) price is expected to reach $250 by 2023.What will be the Cosmos price by 2024?
Cosmos (ATOM) price is expected to reach $500 by 2024.What will be the Cosmos price by 2025?
Cosmos (ATOM) price is expected to reach $680 by 2025.
Cosmos price analysis: Price rears to $38.4 as the bears lift restrictions
- The Cosmos price analysis shows a bullish trend.
- The value is present at the $38.2 level.
- Support for ATOM/USD is at $35.3.
The Cosmos price analysis shows that the bulls are trying to recover once again. The price has been rising and is planning to breach past the $38.4 resistance. The recent uptrend has been quite encouraging, as, during the past week, the cryptocurrency remained under the bearish shadow completely. The bullish momentum is increasing gradually, and a further improvement in the price value can be expected.
ATOM/USD 1-day price chart: Bulls bounce back as the price escalates towards $38.4
The one-day Cosmos price analysis is going positive for the cryptocurrency as there has been a considerable amount of rise in the price value. The price has now surpassed the $38 level and is aiming to settle down at a higher level. Meanwhile, the moving average (MA) for the 1-day chart is at $37.8 as there has been bullish activity during the last week as well. At the same time, the Bollinger bands are making an average of $36 on the 1-day ATOM/USD price chart.
The Bollinger band values are situated at the following marks; the upper band is at $41.5, whereas the lower band is at $31.4. The volatility has been mild for the day. The Relative Strength Index (RSI) score is 54, which is quite an average number.
Cosmos price analysis: Price hovers above $38 as the bulls regain stability
The 4-hour Cosmos price analysis chart shows, price is uplifted once again as the bulls have gained back some strength during the past couple of hours. The current ATOM/USD price is going $38.2 and is expected to touch an even greater height today, but the selling pressure is also there as the last candlestick is red. In comparison, the moving average is at the $37.7 level for the 4-hours price chart. The bulls have gained the advantage of the situation as they have been able to reverse the continuous bearish trend.
The Bollinger bands indicator gives us the following values; the upper value is $38.7, and the lower value is $36 at the time of writing. The RSI score has again started to fall recently as selling pressure is building, and the RSI is present at index 54.
As the price has increased today, the technical indicators chart is giving out a buying signal. There are 17 indicators fixed under the buying position, with eight indicators on the neutral and one on the selling points.
The moving averages indicator confirms the rise in price as well, as it is also giving a bullish signal. There are 14 indicators on the buying position, with no indicators on the selling and one on the neutral positions. The Oscillators are giving a bullish hint as well, with seven indicators present at the neutral position, three at the buying position, and one on the selling position.
Cosmos price analysis conclusion
The Cosmos price analysis suggests, the trend for ATOM/USD has been bullish for the day as the bulls are trying to find recovery after yesterday’s loss. The price has leveled up again as it has successfully reached the $38.2 position. The bullish momentum is expected to intensify in the future as long as the support remains standing above $35. Overall, the chances have increased for the buyers to invest in the cryptocurrency as the bulls are moving high.
Altcoin Season Begins ! COSMOS & WOO Price To Hit ATH Soon!
After a major sell-off day after, the crypto market has climbed back up as most tokens are trading in green now. While BTC is back above $61K, ETH and BNB are up 5.3 and 8% respectively. The outperformer Shiba Inu has stunted the rally.
Pentoshi, a well-known crypto analyst, expects Cosmos (ATOM), Bitcoin (BTC), and one low-cap DeFi cryptocurrency to rally.
The crypto expert informs his Twitter followers that Cosmos (ATOM), a smart contract platform, appears to be poised to outperform the crypto market in the next few weeks.
Pentoshi expects ATOM to appreciate 100 percent against its Bitcoin pairing (ATOM/BTC) to 0.00129 BTC ($76.14) as the token finds support around 0.0006 BTC ($35.42).
“ATOM [in my opinion] going to be one of the best if not the best performers in the next few weeks”
He says that the chart is set up for a major move up and contains all of the necessary ingredients, with [technical analysis] and [fundamental analysis] aligned.
$ATOM imo going to be one of the best if not the best performers in the next few weeks
Chart is primed for a major move up and has all the right ingredients with TA + FA aligning
Imo going to go absolutely parabolic ala $SOL / $AVAX pic.twitter.com/4ljccMfyLR— Pentoshi Won’t Dm You. hates Dm’s. DM's are scams (@Pentosh1) October 26, 2021
At the time of writing, ATOM has risen from a 24 hour low of $38.5 to $40.53. it is currently up by 3.6% in the last 24 hours.
Woo Network (WOO)
WOO Network (WOO), a deep liquidity network connecting traders, exchanges, institutions, and decentralized finance (DeFi) platforms, is Pentoshi’s second cryptocurrency pick.
Glory awaits, have never once sold a token. Another one that I feel comfortable with. Some things I trade, some things I hold. So far so good! Hoping they continue to grow at this speed https://t.co/3BjF5J4m0M pic.twitter.com/7uv5iqefff— Pentoshi Won’t Dm You. hates Dm’s. DM's are scams (@Pentosh1) October 26, 2021
WOO is a comfy hold for Pentoshi, with fresh all-time highs (ATHs) on the horizon, with the crypto asset presently trading at $1.23, under the resistance of its previous all-time high.
“Glory Awaits, Have Never Once Sold A Token. Another One That I Feel Comfortable With. Some Things I Trade, Some Things I Hold. So Far So Good! Hoping They Continue To Grow At This Speed”
At the time of writing, WOO is trading at $1.23 up by 0.8% in the last 24 hours. It has fallen from a 24 hour high of $1.29.
In terms of Bitcoin, he says the top cryptocurrency is exhibiting signs of strength after perfectly retesting a major Fibonacci level around $59,985.
He explains that BTC Price produced a great retest at a shallow [Fibonacci] level on a 10% decline after breaking ATHs, and it appears to be set up for sustained price discovery.