358

The analyst of the popular crypto channel Coin Bureau shares with his subscribers the value proposition of Cosmos (ATOM) and why ATOM is in rally mode. Million-dollar analyst is expecting strong moves at this altcoin price. Cryptocoin. com, we have compiled the analyst’s predictions for you…

Analyst expects strong moves in altcoin project

Cosmos was founded in early 2014 by IVY League computer scientist Jae Kwon. The development of Cosmos is being supervised by the Interchain Foundation, a Swiss nonprofit that commissions and coordinates more than two dozen companies built on Cosmos, including All In Bits Inc. Coin Bureau analyst comments on the matter:

Cosmos-based Blockchains all use the Tendermint consensus mechanism developed by Jae Kwon. Tendermint is actually one of the safest proof-of-stake consensus mechanisms in cryptocurrency.

According to the analyst, Cosmos’ ATOM coin has historically lagged behind other cryptocurrencies in its ecosystem, mainly because the Cosmos team is focused on finishing IBC. Now that IBC is complete, the Cosmos team is turning their attention to the series of projects. Therefore, the analyst expects strong moves in the altcoin project.

Coin Bureau analyst: ATOM could break into the top 10 and hit $150

As his analyst pointed out, ATOM recently surpassed the previous all-time high of $38.78. Coin Bureau analyst comments on the matter:

This is partly due to the launch of Emeris, which moved over $3 million in its first week and currently has a total valuation of over $40 million. It’s not bad, but it’s not great, and it shows that most of the ATOM demand comes from elsewhere.

As for how high ATOM can go, the analyst says he will be very surprised if it does not reach at least $100. Also, the analyst hopes for Cosmos to be in the top 10 cryptocurrencies, and in this case, he predicts an ATOM price of at least $150.


Like it? Share with your friends!

358
Michael Lewis

0 Comments

Your email address will not be published. Required fields are marked *