Cosmos Price Prediction 2023, 2024, 2025, 2030

Cosmos is a leading cryptocurrency focused on interoperability and multi-chain functionality. Its popularity led to the nickname the “Internet of Blockchains”, and its ecosystem houses leading chains such as the Binance Beacon Chain, Crypto.com’s Cronos and THORChain.

This Cosmos price prediction examines what it is, how it works and whether it can live up to its “Internet of Blockchains” title.

Cosmos Price History

Software developers Jae Kwon and Ethan Buchman conceptualised Cosmos in 2014, releasing its whitepaper in 2016.

The thesis behind Cosmos is that one day all decentralised applications will need their own blockchain. This will help with functionality, scalability and sovereignty. As such, the term “Internet of Blockchains” was coined.

Cosmos underwent its ICO in April 2017, raising $17,300,000 with a price of $0.1 per ATOM. Two years later, the network went live, and ATOM launched. The coin traded between $4 and $5 until March 2020, when it sold off to lows of $1.13 as the broader crypto market collapsed.

However, ATOM was back trading above $4 within a couple of months, and by January 2021, it took flight, reaching highs of $28.71.

Following this, the price took a downturn again, but only briefly, as it exploded to its ATH of $44.70 in September 2021.

The price then began to sell off, finding support around $24. However, as the Luna Terra ecosystem collapsed in May 2022, its ties to the Cosmos ecosystem caused the ATOM price to plummet.

As a result, ATOM dropped to lows of $5.4 but has begun attempting a recovery, now trading at $8.9, as seen on the Cosmos price chart below.

Currently, Cosmos has a market cap of $3,082,280,335, ranking it 25 of all the best cryptos to buy right now.

Cosmos price history key points:

• Cosmos was conceptualised in 2014 and underwent its ICO in 2017.
• The ICO was priced at $0.1 per coin, raising $17,300,000.
• ATOM then went live two years after the ICO.
• It reached its ATH of $44.70 in September 2021.
• Currently, it is down 80% from its ATH, priced at $8.9.

Cosmos Price Prediction 2023

According to Cosmos community leader and Sommelier Co-Founder Zaki Manian, Cosmos currently faces an “existential” crisis. One of the main reasons behind this remark is the collapse of Luna in 2022.

Luna was built using the Cosmos software development kit (SDK) and played a massive role in Cosmos’ earlier success. Following the collapse, the liquidity of the leading Cosmos DeFi protocol, Osmosis, dwindled from $1.7 billion to just $115 million today.

Additionally, competition from other chains like Ethereum, now focusing on layer two development, means Cosmos’ multichain selling point may become commoditised.

Nevertheless, Cosmos remains on the cutting edge of blockchain innovation, with Wormhole recently building a new blockchain to connect any blockchain with Cosmos. The Cosmos network has also appealed to the top Ethereum decentralised derivatives exchange, dYdX, which launched a blockchain using the Cosmos SDK.

The Cosmos SDK and Cosmos network makes it easy for dApps to build their own scalable and purpose-built network, leveraging Cosmos’ “blockchain-in-a-box” builder kit.

Despite this, the ATOM price remains mainly unaffected, trading significantly lower than its 2023 high of $15.1. The price has been making lower lows but remains above its June 2022 low following the Luna crash.

Therefore, our Cosmos price prediction forecasts the price will trade above its June 2022 lows, potentially heading towards its April 2023 highs. As such, we estimate lows of $6.76, highs of $12.7 and an average price of $9.73 by the end of 2023.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

Cosmos Price Prediction 2024

Amidst the controversial lawsuits against Binance and Coinbase in June 2023, the SEC deemed Cosmos a security. While the implications of this are yet to be seen, it will likely limit the amount of liquidity inflows to Cosmos’ ecosystem in 2024.

That is because the lawsuits did not mention two of Cosmos’ top competitors, Ethereum and Polkadot, so institutions and enterprises may opt to use those instead.

Nevertheless, Ripple Labs’ recent partial victory over the SEC injects a glimmer of hope for Cosmos and other cryptos the SEC is targetting.

Another factor to consider for the Cosmos price in 2024 is that the Bitcoin halving will occur. Historically, this has caused a bull market, often leading to exorbitant gas fees on the Ethereum blockchain. Per our Solana price prediction, many users seek cheaper Ethereum alternatives when gas fees increase.

With Cosmos boasting a staggering 10,000 transactions per second (TPS) and considering its recent Wormhole integration, many users may choose Cosmos over Ethereum in the next bull market.

This is further backed up by Injective Protocol, a top-performing crypto over the past year, which is built using the Cosmos SDK. Injective is a blockchain ecosystem which enables the creation of DeFi applications.

Because it is optimised specifically for DeFi, it is much easier for developers to build high-quality protocols. Furthermore, its integration into the Cosmos ecosystem enables seamless cross-chain data and liquidity movement. As such, Injective has pumped 503% in the last year and could fare the key to Cosmos regaining momentum in the bull market.

With this in mind, our Cosmos price prediction estimates possible lows of $12, highs of $22 and an average price of $17 by the end of 2024.

Cosmos Price Prediction 2025

Cosmos uses the Inter-Blockchain Communication protocol (IBC) to relay data between integrated blockchains.

The main cross-chain alternative to Cosmos’ IBC is utilising a cross-chain bridge. However, bridges are a central point of failure in crypto, with billions lost to exploits in recent years. For instance, Axie Infinity’s Ronin bridge was hacked in 2022, resulting in catastrophic losses worth $600 million.

As such, Cosmos provides an attractive option for developers looking to build within a secure and interconnected ecosystem while retaining full sovereignty over their blockchain.

Consequently, Cosmos presents a groundbreaking use case, which is why it reached a multi-billion dollar market cap. It is also partly why notable blockchains like Binance Beacon Chain, Crypto.com’s Cronos and THORChain are all built with the Cosmos SDK.

However, one of Cosmos’ main criticisms is its uncapped coin supply. This is an attempt to incentivise validators and delegators to secure the network with high staking rewards. However, it also means the price of ATOM is negatively impacted.

There is an ongoing proposal to burn ATOM coins, but a similar proposal was rejected last year. Evidently, the Cosmos community prefer staking incentives to scarcity-based tokenomics.

Considering this, we forecast the ATOM price will grow in 2025, but its inflationary tokenomics could suppress its upside potential.

With this in mind, our Cosmos price prediction forecasts a minimum price of $18, a maximum price of $30 and an average price of $24 by the end of 2025.

Cosmos Price Prediction 2030

Taking a long-term outlook, IBC presents tremendous potential for the Cosmos ecosystem. This is because it enables private blockchains to integrate with public blockchains seamlessly.

Many financial institutions like JP Morgan and Visa are developing private blockchains. Cosmos’ SDK and ability to connect to a growing ecosystem could attract many new institutions. This would cause demand for ATOM to grow exponentially.

Cosmos protocols Toki and Noble have recently partnered with Progmat, a project launched by Mitsubishi UFJ Trust, Japan’s largest bank, to bring Japanese stablecoins to the blockchain.

Although this is not the only institutional interest in the Cosmos ecosystem, it helps paint a picture of the project’s potential.

With this in mind, our 2030 Cosmos price prediction forecasts lows of $25, highs of $38 and an average price of $31.5.

Possible Lows and Highs of Cosmos Price

While not without issues, Cosmos presents one of the strongest use cases in crypto, potentially making it one of the top altcoins. We have summarised our ATOM price prediction below.

What do Other Analysts Predict for Cosmos

We have compiled predictions from other analysts below to determine whether ATOM could be among the best cryptos to buy ahead of the next bull market.

What is Cosmos and What Is It Used For?

The central blockchain within the Cosmos ecosystem is the Cosmos Hub. According to the Cosmos website, the Cosmos Hub is the “heart of the interchain”, used for routing transactions, establishing ecosystem security and more.

Cosmos is secured by a staking-based consensus mechanism known as Tendermint. However, due to its vast scalability of 10,000 TPS, Cosmos has set a limit to just 300 validating nodes. As such, Cosmos is relatively centralised.

The ATOM token is used for staking and gas fees on the Cosmos Hub chain, but other chains, known as “zones”, can use their own native currency for gas. Resultingly, Cosmos does not capture a significant portion of its ecosystem growth, but the community has issued proposals to fix this.

Cosmos Overview

What Factors Influence the Cosmos Price?

Thanks to its interchain design, Cosmos’ ecosystem development can help drive speculation, causing the ATOM price to grow. Furthermore, new protocols building on the Cosmos chain will bring in new liquidity, eventually leading to a higher ATOM price.

Another factor affecting the Cosmos price is its market sentiment and community. We could see the ATOM price rally if investors deem Cosmos a long-term potential project.

However, ongoing regulatory issues and an inflationary supply could cap the Cosmos price potential in the short term.

Looking beyond Cosmos-specific factors, the broader crypto market’s performance and even the global economy can play a role in the price of ATOM. The ATOM price could rise alongside other cryptos as the crypto market picks up in 2024.

Is Cosmos a Buy?

Cosmos is one of the most promising projects outside the top 10 cryptos by market cap. ATOM sits at a $3 billion market cap, with room for a 70x to reach Ethereum’s $225 billion market cap.

Having been widely adopted by leading industry players and considering its groundbreaking use case, Cosmos could hold significant upside potential.

Where to Buy the Cosmos Coin?

While there are many places to buy Cosmos, one of the best ways is through eToro. As well as Cosmos, the platform features thousands of other cryptocurrencies and boasts a simplistic, easy-to-use platform interface.

You can begin using the platform with just $10, and it offers a free $100,000 paper trading account.

eToro charges a 1% cryptocurrency trading fee and fee-free deposits when you use U.S. dollars. We have broken down how to buy Cosmos on eToro in four simple steps below.

Step 1: Create an eToro Account

Visit the eToro website and select “Join eToro”, then follow the setup instructions to get started.

Step 2: Deposit Funds to eToro

Once logged in, select “Deposit Funds” from your eToro dashboard, choose your payment method, and complete the deposit.

Step 3: Search for Cosmos

Head to the search bar at the top of the dashboard and search for Cosmos.

Step 4: Complete Your Purchase

Hit “Trade” on Cosmos, choose the amount you want to buy, and complete the purchase.

Conclusion

Cosmos is on the cutting edge of blockchain interoperability. With the new Wormhole blockchain that will open Cosmos to other ecosystems, combined with its scalability and ability to connect public and private blockchains without bridges, Cosmos’ future looks bright.

As such, our 2030 Cosmos price prediction forecasts lows of $25, highs of $38 and an average price of $31.5.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

References

https://www.forbes.com/sites/qai/2022/09/20/what-really-happened-to-luna-crypto/
https://finance.yahoo.com/news/once-pioneer-cosmos-blockchain-project-153321233.html
https://finance.yahoo.com/news/wormhole-launches-blockchain-connecting-cosmos-100000963.html
https://www.reuters.com/business/finance/us-sec-coinbase-binance-crackdown-puts-crypto-exchanges-notice-2023-06-08/
https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/
https://www.forbes.com/sites/emilymason/2022/10/11/jp-morgan-and-visa-bridge-their-private-blockchain-networks-to-streamline-global-payments/
https://www.bbc.com/news/technology-60933174

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Elliott Lee

Elliott Lee

Elliott is a British cryptocurrency journalist and copywriter. Having spent the past couple of years immersed in everything crypto, he now spends his time researching the most impactful cryptocurrency trends. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.

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