Cosmos ($ATOM), which is “an ecosystem of networks and tools for establishing interoperable blockchains,” will have a huge year in 2022, according to the host of popular crypto analysis and market commentary programs Coin Bureau.
In a recent YouTube video, Coin Bureau’s host “Guy” stated that he was positive about Cosmos and predicted that it will have a strong year. Guy stated, as published by The Daily Hodl:
“For what that’s concerned, we believe Cosmos might find a way to provide value to ATOM both within and outside of its ecosystem.
” It looks to have been focused on it from where we are, as seen by the Vega update. So, assuming we don’t have another crypto winter, we believe 2022 will be a watershed point for Cosmos.”
Regarding the price of $ATOM (the native cryptocurrency of Cosmos), which is now trading around $27.28 (as of 8:45 a.m. UTC on February 13), he stated:
“Notwithstanding Cosmos’ announcements, improvements, or advancements, ATOM has only risen from around 50% from our prior assessment of the project in September.”
The price potential of ATOM is tough to predict. Cosmos is already a large-cap cryptocurrency, therefore experts at Coinsquare believe ATOM will struggle to reach more than a 3x or 4x before the bull market ends.
InvestAnswers, a well-known financial education show, is also optimistic on $ATOM. The host of the show forecasted that the cryptocurrency will increase by nearly 40% in the next month.
In a recent YouTube video, the presenter stated that $ATOM appeared to be “ideally equipped” for a price explosion.
According to The Daily Hodl, he stated:
ATOM [atom] looks to be in excellent form and prepared to soar in the next months. Because there isn’t much selling pressure on the horizon, we should be able to return to the $45 level that it touched four or five times in the last couple of months.
“It’s quite clear to me that we’ll be at $45 in a month or less.”
All about Cosmos
Cosmos, dubbed an “Internet of blockchains” by its founding team, aspires to build a network of crypto networks linked together via open-source technologies that streamline transactions across them.
This emphasis on customizability and interoperability distinguishes Cosmos from other initiatives.
Rather than focusing on its own network, the company’s objective is to create an ecosystem of networks that can communicate data and tokens automatically, with no central entity supporting the activity.
Each new independent blockchain generated within Cosmos (referred to as a “zone”) is then linked to the Cosmos Hub.
Which keeps track of each zone’s state and vice versa. The Cosmos Hub is a proof-of-stake blockchain that is powered by the ATOM coin.
Users who want to remain up to date on Cosmos’ ongoing development state can do so by visiting the website.
You may bookmark the Cosmos blog for more regular updates from the Cosmos team, which includes tips and lessons on the network and its expanding technologies.