The Cosmos ecosystem consists of blockchain apps and services that are interoperable and sovereign, built for a decentralized future.
It aims to create a network of crypto networks using open-source tools to streamline transactions between the crypto networks. Cosmo's native token is ATOM.
Jae Kwon and Ethan Buchman founded Cosmos in 2014 with the support of Inter Chain Foundation (ICF).
CoinMarketCap reports that ATOM’s circulating supply is 286,370,297 ATOM while its maximum supply is unknown. Binance, Huobi Global, Kucoin, FTX, Gate.io, are some of the top cryptocurrency exchanges for trading Cosmos (ATOM).
COSMOS (ATOM) Price Prediction 2022
The price of Cosmos (ATOM) coin has been varying between $26.362 at the resistance4 level and $21.908 at the resistance2 level in recent weeks, and touched the $5.512 support2 level and $8.734 support1 level.
Based on this sideways movement in ATOM's price, we can conclude:
1. The price of Cosmos coin (ATOM) is expected to increase at the $21.908 resistance2 level, which was the history at that price. ATOM’s price might surge higher to the $21.908 resistance4 level before it reverses, due to the formation of a double top.
2. Until a triple bottom is formed, a reversal at resistance 1 may cause the price of ATOM to decrease further up to support2 level at $5.512. This could lead to a bullish reversal.
In the meantime, we are anticipating a bullish long-term Cosmos (ATOM) price prediction in 2022 since many psychological barriers are likely to be broken. We can expect ATOM to reach $40 this year.