Cosmos (ATOM) Coin Price Prediction 2020 & Beyond

Looking for Cosmos/ATOM price prediction of 2020 and beyond? Keep reading.

Before we get into our Cosmos (ATOM) price predictions of 2020 and beyond, we think it’s best you all know what the cosmos cryptocurrency project is all about. We’ll go over some Cosmos coin background, and what their future has to offer. If you can already answer the question “What is Cosmos (ATOM) coin?” — skip the first part of this article.

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What is Cosmos (ATOM) Coin?

Cosmos (ATOM) is a decentralized ecosystem of independent blockchains that its creator, All In Bits Inc (dba Tendermint Inc), hopes is the foundation for the next generation of internet technology. Instead of participating in divisions between crypto factions, Cosmos brings them all together, enabling interoperability, currency exchanges, and an Internet of Blockchains (IoB). Atom (ATOM) is the proprietary staking coin used by the network and also tokenizes transactions.

The team essentially built two components to make this happen: Tendermint Core, and an Inter-Blockchain Communications (IBC) protocol. Together, they form the Cosmos Network.

1. Tendermint Core — Tendermint is the open-source base layer that acts as a blockchain development platform. Anyone with an application can use this blockchain-in-a-box implementation to integrate their own decentralized/distributed network, along with their own BFT-compatible consensus model.
2. Inter-Blockchain Communications (IBC) — The next layer is the interconnectivity layer that enables communication between all the individual chains. This creates a series of interconnected zones and hubs that act independently, yet share a common system architecture. This is the key layer for token, data, and digital asset exchanges across chains.

The Cosmos main-net launched March 14, 2019. It’s hailed as a strong project, but it’s not without problems. A summer 2019 attack exposed a vulnerability that would be costly if not corrected. Still, the team’s vision of a global economy run on cryptocurrency is one shared by many expert analysts at this point.

Cosmos integrates processing/verification hubs to keep everything running together. Hubs use a Proof-of-Stake (PoS) consensus to validate Tendermint transactions. The project gained traction in recent years, thanks in part to $9 million in VC funding from the likes of Paradigm, and Bain Capital. In fact, London-based KR1 reports Cosmos is its most successful investment, raising $360,605 off a $7,000 buy.

Let’s start our exploration of this ambitious project with an analysis of ATOM, the native cryptocurrency token used by the Cosmos Network.

Cosmos (ATOM) Token Cryptocurrency Summary

Cosmos has a total supply of 237,928,231 ATOM. Over $40 million worth of ATOM is traded on a daily basis, and the peak price so far was $8.31 on March 16, 2019.

Ths Cosmos ICO was held on April 6, 2019, raising $17.3 million worth of ETH, BTC, and USD. Approximately 75 percent of the available token supply was sold in the ICO, with 5 percent withheld for seed investors, and 10 percent each held by All in Bits and the Interchain Foundation.

ATOM isn’t mined. Instead, it’s earned via a hybrid PoS algorithm. The more ATOM staked, the more likely to become a validator node to validate a transaction and earn tokens, though it is also possible to delegate your tokens and receive a portion of the rewards.

If a node is found to be acting dishonestly, it’s removed immediately from the network and its ATOM balance is held for 21 days while the incidents are investigated. The staked coins are then destroyed. The summer 2019 attack removed the 21-day waiting period and allowed bad actors to remove tokens before they were destroyed.

ATOM is accepted on a wide variety of cryptocurrency exchange markets, including Binance, BitForex, Huobi Global, Dcoin, Kraken, Bibox, and OKEx. Trading pairs include BTC, ETH, USDT, and fiat currencies like EUR and KRW.

What is Cosmos (ATOM) Token — A Conclusion

Cosmos and Tendermint are a network of interconnect blockchains developed to become the foundation for tomorrow’s technology. It enables easy blockchain creation and deployment with crosschain compatibility. The project’s success hinges on these key factors.

• Cosmos is a dual-layer network that enables token, data, and asset exchanges between blockchains. Each chain on the network operates independently.
• Cosmos Hubs validate on-chain transactions and earn ATOM through staking. ATOM is the native cryptocurrency token of the Cosmos Network.
• New blockchains are created using the Cosmos SDK and Tendermint Core then connected through the IBC layer.

With these pieces in place, Cosmos is a well-built machine that can easily compete in the modern blockchain market. If the team negotiates a large third-party dApp library and gains enterprise buy-in, this could be a sleeping giant in blockchain.

The Vision of Cosmos (Blockchain 3.0)

The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.

This vision is achieved through a set of open source tools like Tendermint, the Cosmos SDK and IBC designed to let people build custom, secure, scalable and interoperable blockchain applications quickly. Let us take a closer look at some of the most important tools in the ecosystem as well as the technical architecture of the Cosmos network. Note that Cosmos is an open source community project initially built by the Tendermint team. Everyone is welcome to build additional tools to enrich the greater developer ecosystem.

Cosmos (ATOM) Coin Price Predictions

Now that we got the background of Cosmos (ATOM) cryptocurrency project out of the way — we can get into our Cosmos (ATOM) price predictions of 2020 and beyond.

Cosmos (ATOM) Price Today?

The Cosmos coin has a current supply of 237,928,231 ATOM with 190,688,439 ATOM in circulation. Currently, the Cosmos coin is trading at 5,18$.

Cosmos (ATOM) Price History

The Cryptocurrency, Cosmos (ATOM) got listed on Coinmarketcap on March 14, 2019 trading at $6.64 without any market capitalization. The price showed a gradual increase to $7.36 on March 17, 2019, which again fell down to $4.83 the very next day. According to the sources, the price decreased after the Binance listing. The coin continues to trade in the range of $3 — $5 till now.

The market capitalisation for Cosmos was totally zero for about a time span of 45 days from its listing. Then starting from May 1, 2019 the market capitalization increased to $750 million which is still continuing in the same range.

ATOM Price Prediction 2020

The Cosmos project has many partners including the non-crypto companies like the e-Money (a European company issuing tokens tied to the price of real currencies), Regen Network (a project that is dedicated to environmental monitoring), etc. As the year 2020 may be the year for Crypto, the Cosmos price will probably see a lot of growth in its price. In 2020, the Cosmos price will trade in the range $8-$9.

Cosmos Price Prediction 2025 and Beyond

The coin showed good growth since its listing stage. The Cosmos coin will see many fluctuations in the year 2021, with its price ranging between $9-$11. Moving further, in the year 2022, Cosmos will start trading at a lower range of $9 which again increases to $13 by the end of 2022. In 2023, the Cosmos coin price will trade in the range of $13- $15. The year 2024 will see a lot of ups and downs as the year will start with $14 and fluctuate between $14-$17. Eventually, 2025 will be a stable year as the price will trade in $17 — $17.05.