What is Cosmos ATOM Crypto Coin?

With COSMOS there won’t be just one player to rule them all but many can coexist and thrive together in the Crypto industry. Tendermint is the software used by Cosmos (ATOM) for replicating an application on different machines or applications. The most important thing this software ensures is consistency and security. Consistency means that every machine where a token is to be replicated sees the same state. This software is at the very core of the solution that Cosmos (ATOM) is here to provide. In case you’re wondering if Cosmos (ATOM) is the only blockchain in the world that’s working in the space of interoperability, it isn’t.

Unlike most projects in the space, Cosmos isn’t about beating the competition, taking the crown, or recognition. Instead, Cosmos seeks to help the entire blockchain sector advance via a combination of unique protocols that help bring the industry together. One area for investors to watch carefully is the Cosmos fee structure. Where, say Ethereum, generates revenue by charging transaction fees in ETH for all the applications on its network, Cosmos does not work this way. For example, Crypto.com users pay fees for Cosmos apps in its native token (CRO), not in ATOM.


It has the first mover advantage when the team demonstrated its power by showcasing the live example of Ethermint, which is the copy of Ethereum replicated on COSMOS network. It’s worth mentioning that Cosmos (ATOM) has gained almost 370% this year, which is far higher compared to the global cryptocurrency average rise of 140%. However, such is the nature of cryptocurrencies that these are highly volatile assets capable of giving their owners octafx broker reviews enormous returns with a risk of dramatic losses. It’s therefore important for a new trader to fully understand how the crypto assets industry works and how to operate in it safely. One big threat for Cosmos and most other cryptocurrencies is increased regulation. Regulation in some form is inevitable — and if it’s done carefully, it could build much-needed investor confidence in the long term and contribute to a more stable environment.

For those considering ATOM as a long-term investment, the picture becomes more complex. The cryptocurrency market’s future is inherently uncertain, and making investment decisions solely based on price predictions can be risky. Investors should also consider ATOM’s utility and its role in the Cosmos Network, which is designed for scalability, interoperability, and security. A robust ecosystem and adoption of the Cosmos Network could positively impact ATOM’s value.

It’s been designed to be scalable and to process transactions faster and cheaper. It’s estimated that each transaction on the network costs $0.01. Even when the applications are built, they sometimes need to limit their sovereignty based on the fact that they share a common underlying framework. As per past price data and ATOM coin price prediction, the crypto value will scale at the peak of $14.92, while the minimum price may be $6.18 in 2023. If you invest money in the ATOM crypto at the right time, you may earn decent profits, as the Cosmos’ worth is only expected to grow. The Cosmos Hub is the central blockchain in the Cosmos Ecosystem.

  • Ethermint has a current state of the Ethereum network constantly syncing with it.
  • Notably, most of these tokens came from the initial Cosmos mainnet launch.
  • With regard to the size of Cosmos (ATOM), it’s currently managing digital assets worth over $156 billion that are being stored and traded using more than 260 apps and services.
  • Gas is a special unit used in the Cosmos SDK to measure the consumption of resources during the execution of a transaction so that a fee can then be charged to the user.
  • 68% of the tokens initially created were distributed with an ICO, the rest went to the contributors of the project.

In June 2022, dYdX announced they’d be leveraging the Cosmos SDK and network to build their own dYdX blockchain. This will allow the dYdX exchange to process up to 10,000 transactions per second with minimal gas fees and instant finality. Staking ATOM tokens secures the network, as validators and delegators lock up tokens as collateral to validate transactions and earn rewards.

Your Guide To Crypto IRAs

Moreover, it is clear from the chart shared below that ATOM responds very well to the bull cycles. The team withheld 50 million tokens which comes as a strategic move to fund and develop the COSMOS ecosystem which includes marketing and business development. The Interchain Foundation review a complete guide to the futures market is a Switzerland based non-profit foundation founded by the creators of COSMOS i.eJae Kwon and Ethen Buchman. It serves as a backbone to the COSMOS ecosystem by supporting COSMOS development and driving strategic growth plans to increase network adoption in the blockchain landscape.

Overview of Cosmos (ATOM) Coin

It is assumed that the price will not drop lower than $$7.17 in January 2024. Strategic Advisor and Visionary, is an American entrepreneur and bitcoin advocate. In 2011 he co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation, formerly serving as vice chairman.

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Crypto experts are constantly analyzing the fluctuations of Cosmos. Based on their predictions, the estimated average ATOM price will be around $$66.17. It might drop to a minimum of $$63.89, but it still might reach $$75.98 throughout 2028. The initial coin offering (ICO) for the Cosmos was held in April 2017, ending up with more than USD 17 million collected as part of the fundraising effort. After the launch of the Cosmos mainnet on March 13, ATOM found itself being added to various cryptocurrency exchanges.

Cosmos’ price today stands around $7.00, with a market capitalization of $2,558,040,997 and a circulating supply of 367,864,012 ATOM. OKX charges some of the lowest trading fees in the cryptocurrency industry. Our generous trading fee structure begins with fees as low as 0.1%. These fees can be further reduced by holding a certain amount of OKB, or by meeting qualifying tiers of monthly trade volume. The Cosmos project was initially co-founded in 2014 by Jae Kwon and Ethan Buchman.

Cosmos Overview

ATOM, the native cryptocurrency of the Cosmos Network, holds a multifaceted role within this innovative blockchain ecosystem. It serves as a foundational element in the Cosmos ecosystem and contributes to its overall functionality. This layer-0 blockchain was created to facilitate complete interoperability between the blockchains that rely on it, while at the same time providing excellent scalability and flexibility.

In addition to the Cosmos hub itself, there are already some secondary hub projects underway. One of these projects is the China-based IRIS network which was launched in March 2019 with the goal to eventually link various business services and individual chains with the Cosmos network. According to Cosmos price predictions, in the first half of the year 2026, the minimum price might be around $20.81, while the maximum price throughout the year may be around $29.96.

Tendermint is an open-source software that can be used to achieve Byzantine fault tolerance (BFT) in decentralized networks like Cosmos. ATOM token is one of the hottest coins that made its way into the list of top 20 cryptocurrencies by market cap. It is on its way of making new highs in the upcoming bull run.

For example, we talk a lot about scalability and sustainability as several coins have made huge strides in these areas. Cosmos is an ecosystem made up of blockchains powertrend that can interact with each other. Until its creation, each blockchain was isolated and could not intersect with the rest of bullish on-chain metrics.

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