Cosmos (ATOM) is a project that aims to solve the blockchain industry’s challenges. It offers a network of connected blockchains that are fast, cheap, scalable, and eco-friendly. It also makes blockchain development easier with a modular framework and enables blockchain interoperability with an inter-blockchain communication protocol.
Cosmos price has experienced a gain of 11.59% in the past week. The price has managed to surpass the 50-day EMA and is trying to turn optimistic. Recently, the bears failed to form a new swing low after the bulls dominated and surged the price above the recent swing high.
ATOM had a 24-hour trading volume of $140.51 Million with a drop of 19.53% as compared to the previous day. The live market cap of Cosmos is $2.93 Billion and it stands at 25th among the top cryptos. The volume-to-market cap ratio is 4.91% indicating a low volatility in the market.
Cosmos Price Prediction November 2023
The price action analysis illustrates that the ATOM price seems to have bottomed out near the $6 level. The bulls are attempting to turn the trend in their favor. Moreover, the price has surpassed the 50-day EMA indicating the initial signs of recovery.
The price prediction for November 2023 showcases a neutral to bullish outlook as the price has an upper resistance of 200-day EMA. The breakout above the 200-day EMA may shift the long-term trend optimistic. The price may reach $8.75 by November 2023.
Cosmos Price Prediction 2023
The Cosmos crypto price is down 16.19% on a year-to-date basis. The daily chart indicates that the price has initiated a recovery. However, it requires more buying volume to dominate the trend.
The optimistic analysts expect that the ATOM price may reach $10.03 by 2023, indicating an upside potential of 27.50% from CMP. The bulls have initiated recovery which if follows through ahead, the price may close the year with a positive gain of 10-15%.
The minimum price target up to Cosmos crypto may reach is estimated at $8.47 by the end of 2023.
Cosmos Price Prediction 2024
The year 2023 has turned out to be a crucial year for the crypto world as the major economies faced many challenges. Despite this, the cryptos markets are experiencing an upthrust from the lower levels.
Moreover, The year 2024 may bring an advancement phase in the crypto prices and the prices may hike as many projects are awaiting to be initiated in the year.
As per the analysts, the most optimistic target that Cosmos price may achieve is $15.2 indicating an upside potential of 93% from the CMP. The average analyst price target is $12.8 by the year-end of 2024. However, the pessimistic view of analysts expects the price to reach $10.54.
Cosmos Price Prediction 2025
Over the next three years, the ATOM price may reach a maximum of $19.2 as per the most optimistic estimates of our analysts. The price may surpass $16 according to the average forecast of our analysts. The minimum forecasted price by the year-end of 2025 is $11.87.
Cosmos Price Prediction 2026
The ATOM price may reach a high of $26.2 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $15.95 by 2026.
Cosmos Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $33.01. The average analysts’ price target is $28.6 and the minimum price target that the ATOM crypto may achieve by 2027 is $22.4.
Cosmos Price Prediction 2028
Over the next five years, the crypto marks would have evolved more and might be playing a crucial role in many sectors like finance and the digital world. The prices may therefore have risen to a high of $40.10 on the most optimistic side.
Moreover, The average price target of analysts by 2028 is $34.2. However, if uncertainties arise in the future and the price could not surge to its full potential, then it may reach a minimum of $29.7.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/11/06/cosmos-price-prediction-2023-2028-can-atom-price-conquer-30/