COSMOS is the Internet of Blockchains and provides a robust ecosystem for the development of a wide range of products and services.
Cosmos is a community owned and operated new universe of interconnected services. Its apps and services connect using IBC, the Inter-Blockchain Communication protocol. This innovation enables you to freely exchange assets and data across sovereign, decentralized blockchains. This has led to an increase in ATOM price over the past few months. ATOM is the native token of Cosmos.
Cosmos Hub
Cosmos Hub is a blockchain that provides vital services to the Interchain which include:
Marketplace
Set to operate a next-gen decentralized exchange, swapping digital assets from across the Interchain, with very low fees and instant transaction confirmation.
Security provider
With the upcoming Interchain Staking feature, ATOM will soon be securing many chains, in exchange for additional staking rewards.
Router
A core mission of the Hub – to connect chains by establishing IBC connections with compatible chains and operating decentralized bridges with chains like Ethereum and Bitcoin.
Custodian
Located at the crossroads of the Interchain, the Hub is extremely secure, the best place to hold digital assets and manage accounts across many chains.
Let us review ATOM Price.
ATOM Price Prediction
ATOM is trading close to the support zone at $11.00. If it can stay above this support, we could start seeing a move towards $15.02 and $17.52. If ATOM can reclaim the resistance at $17.52 and flip it to support, we could start seeing a move towards $19.18, $21.70, $24.22, $27.80, $32.37 and $45.55.
Failure to hold the support at $11.00 could lead to a drop towards $9.26.
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