Cosmos (ATOM) Price Analysis: Will Binance Listing Start The Bull Run For Cosmos?

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Cosmos ATOM) is a proof-of-stake (PoS) decentralized blockchain network, of independent and parallel blockchains that features smart contracts. Its transactions are completely scalable, offers total privacy to its users and is user-friendly. It is a 3rd generation crypto coin. If rolled out properly, users on Cosmos will be able to exchange tokens between various blockchain networks and navigate with users of other cryptocurrencies on the blockchain.

Current Data:

Cosmos Price Chart

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As on May 6, 2019, at UTC,08:14:10 market price of ATOM is 4.76 USD. Price is down by 8.4% from the last closing price. Current market cap is around 882,926,704USD, 24 h volume is at 68,639,251 USD and ROI is at negative 28.10%. ATOM’s is currently ranked number fifteen in the crypto market.  In the last 24 hours, the highest price was 5.12 USD, and the lowest price was USD 4.56. As on April 6, 2019, at 10:14:10 UTC, the price was USD 3.85. An upward movement in price over the last month was to the extent of 23.64%. Recently, the price suddenly surged skywards after Binance exchange confirmed that it had listed the new token on its exchange.

2019 Prediction for Cosmos:

The coin is at present unstable due to it being a new coin in the market. It is one of those rare cryptocurrencies which is focusing on tech development rather than price. Cosmos, as a blockchain software is showing immense popularity in the crypto market though some investors are divided over the value these interoperability blockchain projects can bring to the market. But analysts are backing this coin.

Getting a listing at Binance is like reaching for the stars. Binance CEO Changpeng Zhao said that Cosmos didn’t approach Binance for a listing, but the latter’s team decided to list Cosmos based on its impressive technology. As a result of this listing, the price of Cosmos shot up nearly 40%. Forecasters’ predict that though a new coin, there is a huge potential for this coin and the price may be around 10 USD by the 2019 year end. A lot of corporate tie-ups and exchange listings are in the pipeline. This may boost the price of ATOM rise upwards. The rising interest of investors and traders in such a new coin indicates that the investors see a bright future for this coin in the long term. Analysts predict a bright future for Cosmos.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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