This article was last updated on August 15, 2022
Cosmos is an extremely popular network that has maintained a spot in the top 30 cryptocurrencies since its inception. The goal of the project is to create a wide network that connects all other existing blockchains. If successful, this can be integral for the creation of Web 3.0 and the future of the internet. As such a crucial building block, Cosmos is sure to explode in value and rise to the top of the charts. This has prompted us to take a look at the project’s history and try to make some Cosmos price predictions of our own.
Over the past week, the price of Cosmos (ATOM) remained around $11.40. The circulation supply is 286 million tokens. The market cap went up to $3.2 billion.
Table of contents
What Is Cosmos?
Cosmos is a project that is looking to solve some of the biggest problems blockchain networks are coming across. These include speed, transaction costs, maintenance costs, computation costs, scalability issues, etc.
Because of this, Cosmos is on a mission to provide the “antidote” to these issues. It offers an ecosystem of connected blockchains, which makes the interoperable, thus, making things easier by solving the majority of the abovementioned problems.
This is possible due to the “Interblockchain Communication” protocol, which makes it very easy for different blockchains in the ecosystem to communicate with one another. This prevents the issues of fragmentation.
However, this is not the only thing Cosmos is looking to develop. For example, another goal of the project is to make blockchain technology easier for developers to dive into, and simplify its learning curve. This will happen with the help of a modular framework that, according to Cosmos, “demystifies decentralized applications (dApps)”.
The Cosmos whitepaper got published in early 2016. However, the origins of the project can be found back in 2014, when a core network contributor – Tendermint – was founded, and the idea of Cosmos was conceived.
In 2017, the ATOM token went on sale. These are the native tokens of the Cosmos ecosystem.
You can earn ATOM tokens through the hybrid proof-of-stake algorithm, which helps keep the Cosmos Hub completely secure. Not only that but the ATOM token is used in the governance of the ecosystem.
Can Cosmos (ATOM) Reach $50?
Cosmos is a network that will certainly affect the future of the crypto world with its exceptional utility and problem-solving ideas. This is why the community and developers are truly interested in the project. Token owners are optimistic about the development of the network’s price, once the market stabilizes. That’s why so many believe the price will not only reach $50 but go beyond.
However, let’s think about it for a moment. The current price of Cosmos is around $7-$8. This means it will need a 7.5x increase in order to reach a price evaluation of $50. With a current market cap of $2 billion, this will result in a new market cap of more than $15 billion.
This is very doable considering the potential of the project and its previous ATH of $44.54. This is why we believe Cosmos will reach $50 sometimes. If it happens, it will take at least 2-3 years.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
Not only that, but the inflation situation around the world is currently very unstable – yet another reason for the market to be tanking.
So when is Cosmos going to reach $50? It will take at least 2 more years, or even 3, but that is if we are being a little more liberal. Our conservative opinion is that it will take around 5 more years for that to happen.
Cosmos Price Prediction For 2022 – 2030
Cosmos’s future price is difficult to predict, as it is reliant on a number of factors, including the performance of the Cosmos network, global economic conditions, and the price of other cryptocurrencies. However, if Cosmos continues to grow as a network at its current rate, it is possible that the price evaluation for ATOM could easily go back to its past prime and probably around the price mark of $10 by the end of 2022 or 2023.
This would be a significant increase from its current price of around $7, but would still be way below its all-time high of $44.54, reached in September 2021. While Cosmos’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
Some of the financial industry’s top names have lent their weight to Cosmos’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to Cosmos’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $10 mark yet again, which will get it closer to its previous heights.
Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect ATOM to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $3-$4.
Many analysts have made Cosmos price predictions for 2023, and the general consensus is that the price of Cosmos will continue to rise. This is based on a number of factors, including the increasing use of Cosmos’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Cosmos will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of Cosmos to reach $14.15-$16.22 by the end of 2023.
If the growth for Cosmos continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of Cosmos will reach at least $18. If we let ourselves be a bit more speculative, we’d raise it to $20, bringing it closer and closer to its previous peak.
According to many Cosmos enthusiasts and their price predictions, ATOM prices may rise dramatically in the trading range between $23.82 and $25.61.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, ATOM price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Cosmos network can significantly expand and develop. In that case, prices may even go as high as $30, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic, financial, and other similar issues.
But let’s explore what we have at hand. If a strong competitor arises, things can definitely go south for Cosmos. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Cosmos dropping by 50-70%, meaning it will go for about $8-$10.
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Cosmos. Although many believe that by 2026 the price of ATOM will be at least $35.85, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Cosmos will be evaluated at anywhere between $32.22 and $33.90.
As the years go by and Cosmos continues its expansion and proves its utility we can easily see it going for as much as $60. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that ATOM will be evaluated at around $35 – $39.15. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
In 2028, if Cosmos comes out with new projects and experiences further adoption, we can see it potentially going out from the 30s and reaching a price of $42.11 – $44.65. However, this is mostly optimistic.
On the lower end, we can see ATOM being worth around $15, while on average remaining at around $43.
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Cosmos will be moving at around $50 to $52.57 easily, although we can also see it reaching the $60 mark.
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Cosmos’s price could reach up to $70 by 2030. This would be a significant increase from its current price of around $7. However, it is important to remember that Cosmos is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of Cosmos, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Cosmos certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For Cosmos, if that happens, we can easily make a price forecast that ATOM can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $5. On a brighter note, this is highly unlikely, even though not impossible.
Our Opinion On Cosmos (ATOM) Price Predictions
Given the Cosmos price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Cosmos is certainly a great project with huge potential, which makes us believe that it will survive throughout the years. Not only that, but if we see it live through, it is most likely going to be a project that the majority of blockchain networks adopt due to Cosmos’ utility.
Overall, although we believe Cosmos will certainly be bullish and we believe in our speculations, we can never be certain.
How To Buy Cosmos (ATOM)
Thanks to the token’s massive success and popularity, Cosmos is listed on most major crypto exchanges and online trading platforms. Investing in crypto is not too complex, and you won’t have to go through a lot of unnecessary steps. Below we have provided an in-depth outline of the general steps you will need to take to invest in Cosmos.
Choose A Crypto Exchange Platform
The first thing you will need to do is choose a crypto exchange platform that carries Cosmos. Luckily, the token is quite popular and is present on most major platforms like eToro, Binance, Coinbase, Bitstamp, and Kraken.
Create An Account
After you have chosen your trading platform, you will need to create an account if you don’t already have one. This process is usually pretty straightforward and usually takes only a couple of minutes. However, you will need to provide personal information such as full name, date of birth, email address, etc.
Verify Your Account
Once you have set up your account, you will also need to verify your identity. This process is a bit lengthier and requires some additional information. Generally, the platform will require that you provide copies of your photo ID, proof of address, and other documents. This is in accordance with Know Your Customer (KYC) laws which aim to prevent fraud.
Deposit Fiat Currency
Next, you will need to deposit funds into your account. You will use these to purchase ATOM coins. The amount you can deposit will depend on the crypto exchange platform you are using and the number of coins you wish to purchase. Each platform will support different payment methods and have varying minimum requirements.
Once you have supplied your account with sufficient funds, you can purchase your ATOM coins. Head over to the markets or crypto exchange section of your platform and search for the ATOM symbol. Once you have found Cosmos, place an order for as many tokens as you would like to buy. Alternatively, you can input how much fiat currency you would like to spend, and the system will show you how many tokens that translates to.
(Optional) Move Your Cosmos Tokens To An External Wallet
Once you have purchased your Cosmos, you have the option to move it to an external third-party wallet. While you can easily store your cryptos in your exchange profile, a dedicated wallet is much more secure. Most platforms allow you to easily transfer your cryptos by linking a dedicated wallet to your exchange account. Alternatively, you can do it manually by transferring them to your wallet’s public address.
Closing Thoughts On Cosmos Price Predictions
Taking all of the above into consideration, it would appear that ATOM is a very promising investment. The price predictions for ATOM are exceptionally positive, and the coin does have a lot of potential.
Of course, as with any investment, there is no guarantee that ATOM will reach the predicted price points. However, if you are looking to invest in cryptocurrency, ATOM is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with Cosmos. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Cosmos anytime soon, huge companies are already working hand in hand with Cosmos to better their operations.
We will keep an eye on the development of Cosmos and how it performs. Its potential in tandem with our price predictions makes us keen to see what lies in the future for Cosmos.