ATOM coin price prediction: Can cosmos expand?
With cosmos a hot topic, let’s look at the ATOM coin price prediction
The ATOM coin is the native token of the Cosmos system. This network likes to dub itself blockchain 3.0, and aims to get different blockchains linked together to make transactions quicker, cheaper, and more practical. What is the ATOM coin price prediction?
While past performance is no indicator of future results, knowing what the coin has done in the past can be useful when it comes to making a cosmos coin price prediction, so let’s take a look at the history of ATOM coin..
ATOM price history: Times of growth
When cosmos first came onto the open market in 2019, the price of the crypto was much less than it is now. On 16 March 2019, the coin was trading at around $7.39. That was pretty much as good as it got for the next year or two, as it slid down in price, spending most of the latter half of 2019 between $3 and $5. Things got worse for ATOM in 2020, when a combination of factors, not least the start of the Covid-19 pandemic, saw the price drop down, reaching a record low of $1.13 on 13 March that year. There was some recovery over the rest of 2020, and the coin reached a high for the year of $8.52 on 23 August. That high was not to be repeated, though, and cosmos closed the year at $6.49.
In January, ATOM saw some growth. The previous year’s high was broken on 16 January when the coin hit an intraday high of $9.51 and the $10 barrier was broken when it hit a monthly high of $10.13 intraday on 19 January. There was some pullback, but the month’s closing price of $8.14 was still higher that where it had been at the end of December by a little over 25%.
February saw cosmos get caught up in the overall bull market that was engulfing crypto during the first few months of the year. The $10 mark was broken again when 5 February saw an intraday high of $12.66, and the growth did not stop, with the $20 barrier broken on 12 February and a monthly high of $26.42 on 16 February. There was some regression to a closing point of $17.62. This was more than double January’s close.
In March, while the monthly high, $24.52 intraday on 18 March, was lower than February’s, the price stayed around and above the $20 mark, with a monthly low of $16.76 on 25 March. While the month’s close of $19.11 showed a comparatively modest gain month on month of just under 8.5%, there was still growth and sustainability.
In April, the coin again stayed pretty much in the $20s, with the monthly high of $28.49 on 15 April. At this stage, an ATOM coin price prediction would have looked bullish and optimistic.
ATOM price history: Fall and rebirth
May saw some growth, followed by decline, followed by collapse. The coin broke the $30 mark to hit a monthly high of $32.14 on 7 May, but soon went back down, and it was standing at $23.49 on 19 May. Then the market fell drastically, in the Great Crypto Day Crash of 19 May, and ATOM reached a low of $9.87, a fall of more than half in hours. There was some recovery and it closed the day at $13.94. The rest of the month remained bleak, and cosmos closed May at $13.99, down almost 50% month on month.
June and July were similarly bad, with stagnation an issue for the coin’s investors. June closed at $12, a loss of 14% masking the fact that the coin had dipped below $10 at points that month, while July saw it more or less rooted on the spot, closing at $12.15.
In August, the cryptomarket started to recover, and cosmos was part of that. It broke through $20 for the first time in three months when it reached $20.39 on 19 August and it scored a monthly high intraday on 31 August of $26.17 before dropping down to close the month at $22.87, a monthly rise of an encouraging and impressive 88%.
September was a month where the previous time period’s problems were seemingly cast aside. The $30 mark fell, this time in a manner that seemed sustainable, on 10 September while the crypto went above $40 on 18 September before reaching an all-time high of $44.70 on 20 September. There was, inevitably, a retreat from this, but the month’s close of $36.21 was still a monthly rise of more than 58%.
October was a time when the price was consistent and encouraging, staying above the $30 mark throughout the month, with a high of $43.22 on 26 October and a closing price of $37.26, up slightly from September’s close. Meanwhile, November saw some problems develop. The monthly high so far has been $39.22 on 4 November, and the price has slowly declined since then, standing at around $29 on the afternoon of 30 November.
With that out of the way, what are people forecasting for the ATOM coin price? It’s worth keeping in mind that predictions are very often wrong and, in the case of longer term crypto forecasts, which are often made by an algorithm, they can change at any moment.
ATOM coin price prediction
First, WalletInvestor has a cosmos price prediction for 2022 which says it will reach about $50.50 in a year’s time, while the site says the coin should reach $143.55 in five years.
PricePrediction says the average price in 2022 should be $41.96, while a year after that it should be around $60.38. The site’s forecast for 2024 is $87.74, while 12 months on from that it says it will be about $126.26. In 2026, it thinks the average price of cosmos will be $183.44, and the next year PricePrediction suggests it will be around $258.88. In 2028, the average price is forecast to be $372.51 and it should rise to $546.53 the following year, the site claims. Its cosmos price prediction for 2030 sees the coin reach an average of $763.74.
Finally, gov.capital says ATOM should be worth about $57.86 on 30 November 2022, $105.91 a year from that and $167.33 12 months on. The site’s cosmos price prediction for 2025 sees it reach around $240.43 on 30 November that year and just under $326.60 on the same date in 2026.
It might be. Cosmos has certainly performed very well over the past 12 months, shooting up in value. That said, you need to be cautious. Cryptocurrencies can be highly volatile and prices can definitely go down as well as up. You will need to do your own research and never invest more than you can afford to lose.
It might. The market has been somewhat bullish over the last year, and ATOM has risen. Cryptocurrencies can be highly volatile and prices can go down as well as up. You will need to do your own research and never invest more than you can afford to lose.
This is a question only you can answer. Regardless, you will need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.