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Price Analysis

Cosmos (ATOM) Price Analysis: Will Cosmos Be Able To Retain Its New Status?

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  • Binance listing took the coin to a new high, made the price jump over 40%.
  • Focus on tech development to revolutionize the global economy

Proof-of-stake (POS) cryptocurrency – ATOM, was a relatively unknown coin till a month ago. The recent news of its listing by Binance, the world’s largest crypto exchange, suddenly brought it into the spotlight, making its price jump over 40%.

Cosmos (ATOM) calls itself the “Internet of Blockchains.” It is a decentralized, a total privacy oriented blockchain platform that acts as a link to connect two or more independent blockchain platforms.

Current Statistics:

Cosmos Price Chart

As on May 8, 2019, at 12:19:11 UTC, the market price of ATOM is 4.28 USD. Price is down by 4.81 % from the last closing price. Current market cap is around 813,288,791 USD, 24 h volume is at 56,698,028 USD and ROI is at negative 33.77%. ATOM’s is currently ranked number fifteen in the crypto market. 52 Week High/Low price is 8.31 USD/ 3.10 USD. As on April 8, 2019, at 14:04:23 UTC, the price was 4.27 USD. An upward movement in price over the last month was to the extent of 0.2%. Binance listing last week made the price of ATOM surge upwards by over 40%; otherwise, the price has been pretty stable over the last few months.

Cosmos Price Prediction:

Binance listing suddenly made the crypto-currency worlds sit up and take notice of Cosmos, a relatively unknown coin till then. The fact that Binance came forward and showed interest in the project, with Cosmos not having to pay any listing fees has increased the popularity of the coin. The listing made the price rally upwards by over 40%. The team’s vision of developing the technology rather than focusing on the price, thereby, revolutionizing the global economy, also has hit the right note with the investor and trader community.

Analysts predict that with the recent Binance listing and the platform’s advanced technology features, the coin is garnering much popularity with the investors and traders. The price may jump to be between 10-12 USD by the year-end. The coin has a huge growth opportunity with more business tie-ups in the future. Investors are advised to hold the coin for more gains.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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