Cosmos (ATOM) is a cryptocurrency that enables different ecosystems of blockchains to interact with one another. The team’s goal is to “build an Internet of Blockchains, a network of decentralised blockchains capable of communicating with one another.”
Cosmos uses a proof-of-stake consensus mechanism, which implies ATOM holders can stake their tokens to help keep the network running and gain additional ATOM as a reward.
With a market capitalization of $2.6 billion, ATOM is currently trading at $9.38. Its prices have risen by 3.88% in the last 7 days. However, it had been experiencing a downward trend for quite some time. ATOM prices are down by 10.27% in the last one month, by 32.99% in the last two months, by 24.64% in the last three months, and by 74.05% year-to-date (YTD).
According to Coincodex’s technical analysis, investor sentiment around Cosmos is bearish. They predict that the price of ATOM will be between $ 13.27 and $ 22.99 by 2023, between $ 16.99 and $ 51.01 by 2024, and between $ 21.74 and $ 113.15 by 2025.
Also Read: Here’s How Much Your $100 Investment In Toncoin Will Be Worth If TON Reaches $10
Let’s say you invest a modest $100 in Cosmos today. At the current rate, which is $9.38, that will get you approximately 10.66 ATOM coins. If you hold these for a long time, until their price hits $50, you could potentially make $533 on your $100 investment.
Let’s assume you invest $1000 in ATOM today. At today’s market price, you will have approximately 106.6 ATOM coins. If liquidated at the price of $50, your $1,000 investment will be worth approximately $5,330, giving you a 5X or 453.30% return on investment (ROI). If ATOM hits the $50 mark by 2025 (i.e., in the next 3 years), your annualised ROI will be 76.87%.
Also Read: Here’s How Much Your $1000 Investment in Bitcoin Cash Will Be Worth If BCH Reaches $500
The Bitcoin Fear and Greed Index slumped to extreme fear at 10, its lowest level…
The Solana and XRP ETFs are enjoying a solid start to life on Wall Street,…
The Bureau of Labor Statistics (BLS) has provided an update on when it will release…
A fresh wave of panic gripped the market as Bitcoin fell below $95,000 for the…
BitMEX co-founder has continued to make bullish comments on Zcash, which he recently revealed his…
Fresh data showed that BlackRock pulled about $473.72 million worth of Bitcoin in a single…