This ATOM crypto price prediction post is solely based on technical analysis. Among the cryptocurrencies experiencing rapid growth this year, ATOM may be one of the most surprising to some. It is not related to the crypto monarch Bitcoin, nor is it the most hyped digital currency at the moment. However, for those who are unaware, ATOM has been in existence since 2020.
Is it possible for ATOM to hit $80 by 2022? We’ll find out soon enough. But, before we dive into our ATOM crypto price prediction, let us first address the question “What is Cosmos (ATOM)?” in our ATOM crypto price prediction 2022 post.
What is Cosmos (ATOM)?
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 is then linked to the Cosmos Hub, which keeps track of each zone’s state and vice versa. ATOM coin powers the Cosmos Hub which is a proof-of-stake blockchain. Users who want to remain up to date on Cosmos’ current development state can do so by visiting the website.
The Interchain Foundation (ICF), a Swiss non-profit that sponsors open-source blockchain initiatives, assisted in the development and launch of Cosmos. Jae Kwon and Ethan Buchman co-founded the Cosmos network in 2014, while also developing Tendermint, the consensus algorithm that will power Cosmos.
Cosmos’s (ATOM) Current Market Situation
According to CoinMarketCap, at the time of writing this Cosmos price research, ATOM is trading at $33.20 with a 24-hour trading volume of $394,916,650. ATOM’s price has risen by 3.30 percent in the previous 24 hours.
Furthermore, the current circulating supply of ATOM is 210,767,262.76 ATOM. At present, Binance, OKEx, FTX, Huobi Global, and Mandala Exchange are currently the main cryptocurrency exchanges for ATOM. Let’s move on to the next section of our ATOM crypto price prediction for 2022.
Price Analysis for Cosmos (ATOM)
ATOM currently ranks 31st on CoinMarketCap. Based on technical analysis, ATOM has aligned itself with the roaring bulls. ATOM is now trading at a high of $33.20. Furthermore, we can observe that ATOM just executed a Descending Channel pattern. A descending channel is defined as price movement that moves downhill through a falling parallel line. Furthermore, the study demonstrates that this price pattern is formed by lower highs and lower lows. Furthermore, this pattern indicates a short-term bullish trend.
In other words, ATOM is preparing for a probable bullish surge in the coming days. If this occurs, the cryptocurrency may break through its barrier level and hit a positive price. In fact, this is most likely if the bullish market continues to occupy ATOM.
If the bulls turn against crypto, the price of ATOM may plummet. In summary, ATOM might break out of its uptrend and plunge to a negative price. Indeed, this price level does not provide a favourable picture in the eyes of investors.
The Relative Strength Index is around 47.12, indicating that ATOM is neither overbought nor oversold. As a result, a price reversal might occur at any time. As a result, traders must trade cryptocurrency with caution and avoid being swayed by market excitement. Keeping all of this in mind, traders can stay alert and avoid surprise losses caused by the crypto market’s violent fluctuations.
At the beginning of 2021, ATOM’s price had undergone multiple positive swings that were greater than the previous one. Furthermore, these are immediately followed by volatility, consolidation, and corrections. Taking this into account, ATOM will have a competitive market in 2022.
ATOM Crypto Price Prediction
The charts demonstrate that ATOM has fared exceptionally well in recent days. Furthermore, the price of ATOM has risen by 635 percent in the last year.If this trend continues, ATOM may run with the bulls, breaking over its $66.41 resistance level and reaching higher.
If investors abandon the cryptocurrency, the bears may seize control and dethrone ATOM from its rising position. In layman’s terms, ATOM’s price might fall to about $31.38, indicating a negative indication.
Meanwhile, our ATOM price projection for 2021 is positive. It is quite likely to outperform its current all-time high (ATH) of around $44.70. Furthermore, ATOM has the potential to achieve this level this year.
ATOM Crypto Price Prediction 2022
ATOM will hit $150 by the end of 2022 if the current bullish trend continues. Furthermore, the first half of 2022 will see a tremendous increase, reaching $180. The growth will thereafter moderate, but no significant drops are forecast. With impending, collaboration, and innovations, reaching $90 is somewhat ambitious in terms of pricing, but it is undeniably achievable in the near future.
ATOM Crypto Price Prediction 2023
If ATOM maintains the support level around the 200-MA (long-term moving average), purchasers will have enough time and stability to create the next attack mission at the critical level of around $250, causing it not to drop but to play persistently.
Price Prediction 2025
ATOM costs might reach $680 in the next three years. Furthermore, attaining this level may not be as tough for ATOM as other medium-, short-term, and long-term price goals for purchase or sell orders may be discovered. According to the projection, ATOM has a high probability of attaining a new ATH during the next five years.
ATOM Crypto Price Prediction 2031
According to the ATOM Crypto price projection and technical analysis, the ATOM price is predicted to cross an average price level of $1,714.50 in 2031, with the Cosmos minimum price value expected to reach $1,657.75 by the end of the current year. Furthermore, ATOM has a maximum price level of $1,940.50.
Conclusion
In 2022, ATOM has a bright future ahead of it. With the continued changes within the ATOM system, as well as in the cryptocurrency market as a whole, we may see ATOM reach new heights. The ATOM crypto price projection for 2022 is $150. As previously said, it may even reach $180 if investors conclude that ATOM, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a suitable investment in 2022.
Also read: VGX Price Prediction 2022: Voyager Token’s Future
