Cosmos Hub Price Prediction, will ATOM’s price hit $23.08?
Cosmos Hub’s price at the same time last week was $12.48. It has moved by -5.76% in the past week and is currently at $11.76. Infact, in the past 24 hours, ATOM has pumped by 3.34%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and ATOM could hit $19.28 in 2024.
The total circulating supply of Cosmos Hub as of writing this article was $292586163.83 and the marketcap of ATOM remains at $3,438,574,889.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Cosmos Hub
Cosmos: An overview of the ecosystem and its potential
Cosmos is a rapidly expanding ecosystem of independent yet interconnected blockchains built using several application components. The IBC (Interchain-Blockchain Communication) protocol connects these blockchains with their disruptive properties.
Founded in 2014, Cosmos hub is an ecosystem of blockchains that can scale and interoperate with each other. The team behind this project had the vision to solve the shortcomings associated with siloed blockchains.
The vision of Cosmos is to simply make it easy for developers to build blockchains while breaking the barriers between blockchains by allowing them to transact with each other.
The end goal is to create a functional 'Internet of Blockchains.' This network of blockchains would be able to communicate with each other in a decentralized way.
With the advent of Cosmos, blockchains can maintain sovereignty, process transactions quickly, and communicate with other blockchains seamlessly. These functionalities solve a crucial problem of dependency or reliance on a traditional Layer 1 blockchain. Thus, the resultant innovations could induce a variety of use cases that could ultimately increase Cosmos's utility in the coming years.
ATOM's journey
Software developers Jae Kwon and Ethan Buchman co-founded the Cosmos network in 2014, while also creating Tendermint, the consensus algorithm that powers Cosmos.
After clinching around $18 Million via its multiple ICOs in 2017, its Mainnet finally went live in March 2019.
The Cosmos Hub harnesses a Proof-of-Stake (PoS) consensus mechanism while using ATOM as its native cryptocurrency. ATOM's use case lies primarily in staking, governance, and paying transaction fees on its network.
Although people have questioned the network's true decentralization because of a few nodes validating the transactions, Cosmos has a relatively higher validator count when compared to peer Tendermint blockchains.
Since its 2019 launch, the token had been finding fresher highs for over two years. ATOM rose towards its ATH in September last year as it poked the $44.8-level before reversing from the $43-resistance.
The token rallied to register an over 130% ROI over the last three months. This growth defies the broader crypto-market's trajectory during this timeframe.
A nuanced analysis of the price action alongside critical developments would definitely set the stage for an informed buying decision.
Gauging ATOM's potential to keep growing
- INCREASING IBC ADOPTION
In essence, The Inter-Blockchain Communication Protocol (IBC) is a protocol to handle authentication and transport of data between two blockchains.
This solution solves a vital problem of cross-chain communication. It is currently mainly used by blockchains in the Cosmos ecosystem.
Interestingly, several other ecosystems have exhibited their eagerness to explore this system. To start with, NEAR protocol signalled harnessing the IBC.
Also, SifChain has applied to build the first bridge between Cosmos and Cardano. Moreover, a recent interview with Avalanche's founder hinted at his inclinations to consider Cosmos's IBC for Avalanche.
All in all, the Cosmos ecosystem's prospects seem quite promising. The buyers should keep a close watch on the above developments to gauge the chances of a plausible bull run.
- INTERCHAIN SECURITY
To sum up its functionality, Interchain Security allows for a provider chain to be in charge of producing blocks for a consumer chain. It does so by sharing the set of validators who are in charge of producing blocks. The participating validators would run two nodes, one for the Cosmos Hub and one for the consumer chain. They would receive fees and rewards on both chains.
As per the cosmos network's blog, Interchain security is valuable to the Cosmos hub. The first reason is that it allows for “hub minimalism” and the second is to lower the barrier to launching and running secure sovereign decentralized public blockchains.
This feature is scheduled to be deployed on the consumer chains by January next year. A successful deployment could play out to be favorable for ATOM bulls in the coming months.
- OTHER DEVELOPMENTS
Recently, Delphi Digital labs shifted the focus of its Research & Development (R&D) arm to the Cosmos ecosystem. The research firm's report suggested Cosmos as the most suitable for its needs, particularly concerning DeFi.
The firm's selection of Cosmos over Ethereum has highlighted the shortcomings of the latter's processing capacities alongside cost-effectiveness.
As per the recent VanEck report on the bullishness of ATOM, the global investment firm has projected that a substantial portion of future public blockchains will exist in the Cosmos ecosystem.
With the v7-Theta upgrade completed in March 2022, Cosmos has set the stage for its upcoming upgrade v8-Rho expected to occur before the end of 2022.
After this, the network's already lined up v9 v10, and v11 upgrades until the end of next year. ATOM buyers should closely monitor the impact of these upgrades as they would likely enhance the platform's interchain security alongside improvements in the IBC.
investors have a lot to look forward to in terms of in-network developments for the coming year.
Cosmos (ATOM) Price Analysis
After a brief downturn during July-august 2019 after its launch, ATOM was on a strong buying spree that inflicted higher peaks and troughs within an up-channel for over two years.
ATOM Weekly Chart
After gliding north while ensuring its 50 EMA (cyan) support, ATOM finally plateaued in the $44-zone near its ATH.
The breakdown below the up-channel inflicted a bearish crossover on the 20 EMA (blue) and the 50 EMA. Nonetheless, buyers re-entered the market at the $6.3-baseline to reignite the recovery hopes.
As a result, ATOM registered an over 180% growth from its June lows until press time. This aided the buyers in pushing the price above the 20 EMA and depicted an increasing buying pressure. This growth defied the market-wide downtrend and put ATOM investors in a rather favorable position.
Hereon, a break above the current up-channel can position the coin to test its 50 EMA at the $22 zone in the coming weeks. An inability of the buyers to uphold ATOM's perception could propel a near-term decline before a likely resurgence. In this case, the 20 EMA in the $10-$11 range would continue offering support.
The Relative Strength Index (RSI) found a spot above the midline to exhibit increased buying power. The buyers should look for a comfortable close above the 54-mark to confirm the bullish bias.
However, the volume oscillator has been marking lower peaks along the recent uptrend. This reading hinted at a relatively weak bullish move. On the other hand, the ADX continued to depict a weak directional trend for the token.
Should you consider buying ATOM?
On account of the increasing interest in its IBC adoption alongside increased institutional interest amidst the recent developments, ATOM could be a profitable buy from a long-term perspective. To top this off, the upcoming upgrade could inflict at a favorable Q4 for the token.
However, investors should be wary of the decreasing volume trend. The buyers should look for entry triggers as mentioned above before placing calls. In either case, the targets would remain the same as discussed.
Cosmos Hub Price Prediction
Cosmos Hub has had an eventful 2021. To simplify the latest ATOM price prediction, we have divided up the prediction by short term Cosmos Hub price prediction and long term Cosmos Hub price prediction. As of writing this article, ATOM had a trading volume of $114,781,073. Cosmos Hub has gone down by -18.26% in the past 30 days.
According to our analysis in the short term, Cosmos Hub price prediction for May 2023 shows the average price of ATOM at $17.02 and the highest possible price for May 2023 would be $18.21.
Further, according to our analysis in the long term, Cosmos Hub price prediction for September 2023 shows the average price of ATOM at $18.29 and the highest possible price for September 2023 would be $19.57.
Cosmos Hub's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 24 Mar 2023 | $12.12 | $11.27 | $12.97 |
| 25 Mar 2023 | $11.95 | $11.12 | $12.79 |
| 26 Mar 2023 | $11.77 | $10.95 | $12.60 |
| 27 Mar 2023 | $11.99 | $11.15 | $12.83 |
| 1 Apr 2023 | $12.85 | $11.95 | $13.74 |
| 6 Apr 2023 | $13.74 | $12.78 | $14.71 |
| 16 Apr 2023 | $15.60 | $14.51 | $16.69 |
| May 2023 | $17.02 | $15.83 | $18.21 |
| June 2023 | $17.34 | $16.12 | $18.55 |
| July 2023 | $17.65 | $16.42 | $18.89 |
| August 2023 | $17.97 | $16.71 | $19.23 |
| September 2023 | $18.29 | $17.01 | $19.57 |
| October 2023 | $18.60 | $17.30 | $19.90 |
| November 2023 | $18.92 | $17.59 | $20.24 |
| December 2023 | $19.23 | $17.89 | $20.58 |
Cosmos Hub price prediction 24 Mar 2023: Cosmos Hub’s price for 24 Mar 2023 according to our analysis should range between $11.27 to $12.97 and the average price of ATOM should be around $12.12.
Cosmos Hub price prediction 25 Mar 2023: Cosmos Hub’s price for 25 Mar 2023 according to our analysis should range between $11.12 to $12.79 and the average price of ATOM should be around $11.95.
Cosmos Hub price prediction 26 Mar 2023: Cosmos Hub’s price for 26 Mar 2023 according to our analysis should range between $10.95 to $12.60 and the average price of ATOM should be around $11.77.
Cosmos Hub price prediction 27 Mar 2023: Cosmos Hub’s price for 27 Mar 2023 according to our analysis should range between $11.15 to $12.83 and the average price of ATOM should be around $11.99.
Cosmos Hub price prediction 1 Apr 2023: Cosmos Hub’s price for 1 Apr 2023 according to our analysis should range between $11.95 to $13.74 and the average price of ATOM should be around $12.85.
Cosmos Hub price prediction 6 Apr 2023: Cosmos Hub’s price for 6 Apr 2023 according to our analysis should range between $12.78 to $14.71 and the average price of ATOM should be around $13.74.
Cosmos Hub price prediction 16 Apr 2023: Cosmos Hub’s price for 16 Apr 2023 according to our analysis should range between $14.51 to $16.69 and the average price of ATOM should be around $15.60.
Cosmos Hub price prediction May 2023: Cosmos Hub’s price for May 2023 according to our analysis should range between $15.83 to $18.21 and the average price of ATOM should be around $17.02.
Cosmos Hub price prediction June 2023: Cosmos Hub’s price for June 2023 according to our analysis should range between $16.12 to $18.55 and the average price of ATOM should be around $17.34.
Cosmos Hub price prediction July 2023: Cosmos Hub’s price for July 2023 according to our analysis should range between $16.42 to $18.89 and the average price of ATOM should be around $17.65.
Cosmos Hub price prediction August 2023: Cosmos Hub’s price for August 2023 according to our analysis should range between $16.71 to $19.23 and the average price of ATOM should be around $17.97.
Cosmos Hub price prediction September 2023: Cosmos Hub’s price for September 2023 according to our analysis should range between $17.01 to $19.57 and the average price of ATOM should be around $18.29.
Cosmos Hub price prediction October 2023: Cosmos Hub’s price for October 2023 according to our analysis should range between $17.30 to $19.90 and the average price of ATOM should be around $18.60.
Cosmos Hub price prediction November 2023: Cosmos Hub’s price for November 2023 according to our analysis should range between $17.59 to $20.24 and the average price of ATOM should be around $18.92.
Cosmos Hub price prediction December 2023: Cosmos Hub’s price for December 2023 according to our analysis should range between $17.89 to $20.58 and the average price of ATOM should be around $19.23.
Cosmos Hub's Long Term Price Prediction
Cosmos Hub’s long term Price Prediction below is a look at ATOM’s future prospect with regards to price. Cosmos Hub was last seen at $11.76, with a market cap of $3,438,574,889 and trading volumes of $114,781,073. ATOM’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $19.23 | $15.39 | $23.08 |
| 2024 | $16.07 | $12.85 | $19.28 |
| 2025 | $21.04 | $16.83 | $25.25 |
| 2026 | $27.56 | $22.05 | $33.07 |
| 2027 | $36.10 | $28.88 | $43.32 |
| 2028 | $47.28 | $37.82 | $56.73 |
| 2029 | $61.92 | $49.54 | $74.30 |
| 2030 | $81.10 | $64.88 | $97.32 |
| 2031 | $106.22 | $84.97 | $127.46 |
| 2032 | $139.12 | $111.29 | $166.94 |
| 2033 | $182.20 | $145.76 | $218.65 |
| 2034 | $238.64 | $190.91 | $286.37 |
Cosmos Hub price prediction 2023: Cosmos Hub’s price for 2023 according to our analysis should range between $15.39 to $23.08 and the average price of ATOM should be around $19.23.
Cosmos Hub price prediction 2024: Cosmos Hub’s price for 2024 according to our analysis should range between $12.85 to $19.28 and the average price of ATOM should be around $16.07.
Cosmos Hub price prediction 2025: Cosmos Hub’s price for 2025 according to our analysis should range between $16.83 to $25.25 and the average price of ATOM should be around $21.04.
Cosmos Hub price prediction 2026: Cosmos Hub’s price for 2026 according to our analysis should range between $22.05 to $33.07 and the average price of ATOM should be around $27.56.
Cosmos Hub price prediction 2027: Cosmos Hub’s price for 2027 according to our analysis should range between $28.88 to $43.32 and the average price of ATOM should be around $36.10.
Cosmos Hub price prediction 2028: Cosmos Hub’s price for 2028 according to our analysis should range between $37.82 to $56.73 and the average price of ATOM should be around $47.28.
Cosmos Hub price prediction 2029: Cosmos Hub’s price for 2029 according to our analysis should range between $49.54 to $74.30 and the average price of ATOM should be around $61.92.
Cosmos Hub price prediction 2030: Cosmos Hub’s price for 2030 according to our analysis should range between $64.88 to $97.32 and the average price of ATOM should be around $81.10.
Cosmos Hub price prediction 2031: Cosmos Hub’s price for 2031 according to our analysis should range between $84.97 to $127.46 and the average price of ATOM should be around $106.22.
Cosmos Hub price prediction 2032: Cosmos Hub’s price for 2032 according to our analysis should range between $111.29 to $166.94 and the average price of ATOM should be around $139.12.
Cosmos Hub price prediction 2033: Cosmos Hub’s price for 2033 according to our analysis should range between $145.76 to $218.65 and the average price of ATOM should be around $182.20.
Cosmos Hub price prediction 2034: Cosmos Hub’s price for 2034 according to our analysis should range between $190.91 to $286.37 and the average price of ATOM should be around $238.64.
A Historical look at Cosmos Hub, ATOM’s price:
ATOM/USD Pair
ATOM/EUR Pair
FAQs about Cosmos Hub
Cosmos Hub’s current price is $11.76 and witnessed a 3.34% increase in the past 24 hours. ATOM/BTC pair saw a -0.41% decrease in the past 24 hours.
Investing in Cosmos Hub, ATOM will purely depend on your personal risk appetite. As you can see over the past 24 hours Cosmos Hub’s price has witnessed a 3.34% increase and over the past 30 days Cosmos Hub has decreased by -18.26%. So it all depends on if this investment will hit your trading goals.
According to our latest Cosmos Hub Price prediction for 2023, ATOM should vary between $23.08 and $15.39 Please keep in mind that the crypto market is very volatile and this Cosmos Hub price prediction does not account for extreme wild swings in price.
As per the Cosmos Hub price prediction undefined model above, ATOM’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2024 would be $16.07. This price would however would range from $19.28 and $12.85.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2025 would be $21.04. This price would however would range from $25.25 and $16.83.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2026 would be $27.56. This price would however would range from $33.07 and $22.05.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2027 would be $36.10. This price would however would range from $43.32 and $28.88.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2028 would be $47.28. This price would however would range from $56.73 and $37.82.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2029 would be $61.92. This price would however would range from $74.30 and $49.54.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2030 would be $81.10. This price would however would range from $97.32 and $64.88.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2031 would be $106.22. This price would however would range from $127.46 and $84.97.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2032 would be $139.12. This price would however would range from $166.94 and $111.29.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2033 would be $182.20. This price would however would range from $218.65 and $145.76.
According to the Cosmos Hub Price Prediction model above, ATOM’s price in 2034 would be $238.64. This price would however would range from $286.37 and $190.91.
The highest price for Cosmos Hub was recorded in 17th January 2022 during which ATOM hit an All Time High of $44.45
The price of 1 Cosmos Hub according to current market rate is $11.76
