Key takeaways:
- The current Cosmos price stands at $4.57 and prediction for 2024 could reach a maximum value of $10.01
- In 2027, the coin could be worth between $17.56 and $20.67, with an average price of $19.87
- By 2030, Cosmos (ATOM) might touch $34.07
Cosmos (ATOM) is a blockchain ecosystem that facilitates interoperability among independent blockchains. Co-founded by Jae Kwon and Ethan Buchman in 2014, Cosmos aims to create a decentralized network of blockchains that can communicate and transact seamlessly. Its main components include the Cosmos Hub, which serves as the central chain, and multiple “zones” that operate under their own rules while connecting to the Hub.
The platform utilizes the Tendermint consensus algorithm and the Inter-Blockchain Communication (IBC) protocol to enable fast and low-cost transactions. Fees average around $0.01, and confirmation times are approximately seven seconds. Cosmos employs a Proof-of-Stake (PoS) mechanism, allowing users to stake their ATOM tokens for network security and transaction validation.
Since its ICO in 2017, Cosmos has raised significant funding and established a growing ecosystem, including notable projects like Terra and Binance. With over 286 million ATOM tokens in circulation and a market cap exceeding $7.7 billion, Cosmos is positioned as a key player in the evolving landscape of blockchain technology, often referred to as the “Internet of Blockchains” for its ambitious goal of connecting diverse blockchain networks
Overview
| Cryptocurrency | Cosmos |
| Token | ATOM |
| Price | $4.57 |
| Market Cap | $1,788,261,500 |
| Trading Volume | $48,185,863 |
| Circulating Supply | 390,934,204 ATOM |
| All-time High | $ 44.70 on Sept 19, 2021 |
| All-time Low | $1.13 on Mar 12,2020 |
| 24-hour High | $4.71 |
| 24-hour Low | $4.56 |
Cosmos price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $22.91 (394.99%) |
| Volatility | 8.77% |
| 50-Day SMA | $4.59 |
| 14-Day RSI | 50.70 |
| Sentiment | Bearish |
| Fear & Greed Index | 50 (Neutral) |
| Green Days | 16/30 (53%) |
| 200-Day SMA | $7.52 |
Cosmos (ATOM) technical price analysis
TL; DR Breakdown
- ATOM/USD price is Bearish
- Cosmos resistance level is at $5 and support is at $4
ATOM/USD 1-Day price chart
On October 06, in the 1-day chart of Cosmos (ATOM/USD), the price is currently at $4.57, showing a 1.32% decline. The chart reflects a downward trend, with the price below the middle Bollinger Band (set to 20 periods). Resistance appears at around $5.14, with support forming near $4.16. The Relative Strength Index (RSI) stands at 49.50, signaling oversold condition. The price is hovering between the Bollinger Bands, indicating some consolidation. Traders may watch for a breakout, while the RSI suggests a potential shift in momentum if the current price stabilizes.
ATOM/USD 4-hour price chart
The 4-hour Cosmos (ATOM/USD) chart shows the price at $4.57, with a slight decline of 0.48%. The Balance of Power (BoP) indicator is at -0.70, reflecting bearish pressure in the market. The MACD (12, 26) shows a slightly bullish divergence, with the MACD line crossing above the signal line, but the histogram remains weak, suggesting low momentum for a significant upward move. The price is consolidating near the $4.57 level after the previous drop, with resistance near $4.80 and support around $4.40. Traders may monitor these levels for potential breakouts or further downward movement.
What to expect from ATOM price analysis next?
Based on both the 1-day and 4-hour charts for Cosmos (ATOM/USD), the price is consolidating around $4.57. The daily chart shows a neutral RSI at 49.50, while the 4-hour MACD is slightly bullish but lacks strong momentum. The Balance of Power is negative, indicating persistent selling pressure. Given these mixed signals, the market appears indecisive, and Cosmos could continue consolidating between $4.40 support and $5.14 resistance.
A breakout above or below these levels will likely determine the next major move. Traders should watch for stronger momentum indicators to confirm any potential price direction shift.
Cosmos technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 4.45 | BUY |
| SMA 5 | $ 4.50 | BUY |
| SMA 10 | $ 4.85 | SELL |
| SMA 21 | $ 4.71 | SELL |
| SMA 50 | $ 4.59 | SELL |
| SMA 100 | $ 5.27 | SELL |
| SMA 200 | $ 7.52 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 4.57 | BUY |
| EMA 5 | $ 4.55 | BUY |
| EMA 10 | $ 4.61 | SELL |
| EMA 21 | $ 4.86 | SELL |
| EMA 50 | $ 5.50 | SELL |
| EMA 100 | $ 6.44 | SELL |
| EMA 200 | $ 7.57 | SELL |
Is Cosmos a good investment?
Cosmos (ATOM) shows potential as an investment due to its innovative approach to blockchain interoperability and recent upgrades like ATOM 2.0. Analysts predict long-term price growth, but the crypto market is highly volatile. Investors should conduct their research and consider risks before investing in ATOM.
Why is Cosmos down?
Cosmos (ATOM) is currently down due to market volatility and increased competition within the cryptocurrency space. Despite its technological advancements, ATOM has declined nearly 50% in 2023, while other major cryptocurrencies have seen growth. Market sentiment remains bearish, contributing to its price drop.
Will Cosmos recover?
Cosmos (ATOM) has the potential for recovery due to its recent upgrades, including ATOM 2.0, which enhances its ecosystem and interoperability. However, market conditions and competition will significantly influence its future performance. Investors should monitor developments and market trends closely for indications of recovery.
Will Cosmos reach $50?
Cosmos (ATOM) is projected to reach around $34 by 2030 and could potentially exceed $89 by 2033, depending on market conditions and developments within the ecosystem. However, reaching $50 specifically is not anticipated in the near term, as current forecasts suggest more modest growth in the coming years
Will Cosmos reach $100?
Current predictions suggest that Cosmos (ATOM) will unlikely reach $100 soon. Analysts estimate it would require a significant increase of over 2,600% to hit that price. Most forecasts place its maximum potential around $34 by 2030, indicating limited short-term growth potential.
Does Cosmos have a good long term future?
Cosmos (ATOM) promises a strong long-term future, with forecasts indicating significant price increases over the next decade. Analysts predict that ATOM could reach values as high as $66 by 2032, driven by its unique position in the blockchain ecosystem and ongoing developments in interoperability and scalability. The Cosmos Hub is well-established and supported by a dedicated community, enhancing its growth and adoption prospects in the evolving cryptocurrency landscape. Thus the cosmos network could expand to a wider user base.
Recent news/opinion on Cosmos
Cosmos SDK launches Olympus (v0.52) with modular upgrades, boosting performance and developer flexibility!
The Cosmos SDK now has an AI-powered assistant to help developers with queries and provide quick access to resources.
Cosmos Price Prediction October 2024
The Cosmos (ATOM) price is anticipated to stay steady throughout October. Currently, it is trading at $4.58, which is projected to be the average price for the month.
| Month | Potential Low | Potential Average | Potential High |
| October 2024 | $4.58 | $4.58 | $4.58 |
Cosmos price prediction 2024
In 2024, Cosmos (ATOM) is projected to have a potential low of $4.05, an average price of $9.75, and a potential high reaching up to $10.01, reflecting moderate volatility.
| Year | Potential Low | Average Price | Potential High |
| 2024 | $4.05 | $9.75 | $10.01 |
Cosmos price predictions 2025-2030
| Year | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | $9.81 | $ 10.89 | $11.82 |
| 2026 | $13.49 | $16.05 | $16.66 |
| 2027 | $17.56 | $19.87 | $20.67 |
| 2028 | $17.56 | $19.87 | $20.67 |
| 2029 | $ 21.71 | $ 24.72 | $24.90 |
| 2030 | $ 30.88 | $ 32.95 | $34.07 |
Cosmos price prediction 2025
The predicted price of Cosmos (ATOM) in 2025 ranges from a low of $9.81 to a high of $11.82, with an average price expectation of around $10.89. This shows a modest growth potential from the current levels.
Cosmos price prediction 2026
In 2026, the price is expected to increase, with a potential minimum of $13.49 and maximum atom price of $16.66. The average price forecast stands at $16.05, indicating a significant rise in investor confidence.
Cosmos price prediction 2027
For 2027, Cosmos market prices are predicted to have a potential low of $17.56 and a high of $20.67, with an average of $19.87. This reflects a steady upward trend and market stability for the token.
Cosmos price prediction 2028
Similar to 2027, the atom price prediction for 2028 maintain a low of $17.56 and a high of $20.67, with an average price of $19.87. This suggests a period of consolidation or stabilization in the market.
Cosmos price forecast 2029
The year 2029 sees another potential rise in prices, with a low of $21.71 and a high of $24.90, with an average price of $24.72.
Cosmos price prediction 2030
By 2030, Cosmos’s price could potentially reach a low of $30.88 and a high of $34.07, with an average price of $32.95. Cosmos forecast of 2030 marks the highest predicted price range, reflecting strong growth prospects and market adoption over the years.
Cosmos price prediction: Analysts’ ATOM price forecast
| Firm Name | 2024 | 2025 |
| Coincodex | $22.91 | $25.30 |
| Changelly | $5.53 | $9.99 |
Cryptopolitan’s Cosmos price prediction
According to Cryptopolitan ATOM coin price prediction, the coin’s market price in 2024 is predicted to have a low of $4.05, an average price of $9.75, and a high of $10.01, indicating moderate volatility. By 2030, the price could rise significantly, reaching a low of $30.88 and a high of $34.07, with an average of $32.95, reflecting strong growth potential and increased market adoption.
Cosmos historic price sentiment
- Cosmos, created by Ethan Buchman and Jae Kwon, launched its Initial Coin Offering (ICO) in 2017, with the network officially going live two years later in 2019.
- During the bullish market cycle of 2021, Cosmos saw its price peak at over $44, driven by significant investor interest and market optimism.
- However, following this surge, on 3rd April 2022, the price of Cosmos (ATOM) sharply declined to $6.39. Since then, Cosmos entered a prolonged phase of consolidation, trading within a range between $6.39 and $16 as market dynamics fluctuated.
- In early 2024, particularly around 8th March, Cosmos encountered significant resistance at the $13 level, struggling to gain momentum above this point. This resistance reflected broader market sentiment and potential selling pressure.
- By July 2024, ATOM’s price was trading in a narrower range, between $5 and $6, indicating a lack of upward momentum.
- By August 2024, the price had further dipped to $4.02, suggesting increasing bearish pressure. This recent decline highlights ongoing challenges for Cosmos in maintaining its price stability and suggests potential further downside as market bears dominate, putting pressure on potential buyers to defend against a continued downward trend.
- On September 2024 the Cosmos price ranged between $4 to $5, and on October 06 the price traded at $4.5837 with trading volume at $48.48M.
