ATOM Price Analysis August 2022

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ATOM is a token of platform Cosmos. Its current price is around $10.80 by the time of writing, with a low of $5.59 and a market cap of $3 billion.

What is Cosmos?

Cosmos is a network of services built on top of Tendermint to aid blockchain innovation. Cosmos provides a way for independent blockchains to communicate with one another and interact without intermediaries.

Cosmos enables blockchain projects to connect without compromising their autonomy by letting them use Inter-Blockchain Communication and Peg-Zones. This technology can then scale applications and Dapps with millions of users.

What is ATOM?

ATOM is the coin of the Cosmos platform, which is around $10.80 by the time of writing, with a low of $5.59. It reached a high of $44.70, and its current ranking is #26 according to CoinMarketCap, with a market cap of 3 billion dollars.

ATOM is a cryptocurrency that powers the Cosmos ecosystem of blockchains designed to interact with each other. ATOM hopes to create the Internet of Blockchains, where all different blockchains can communicate and collaborate autonomously.

ATOM Coin Market Analysis 

ATOM has a total supply of 286,370,297 coins worth around $10.80 with a market volume of 372 million dollars, whereas the market capitalization is 3 billion dollars at writing. 

ATOM Price Prediction

According to the ATOM price prediction, it might cross the $30 price mark this year and be a good investment decision. However, in the 1D timeframe, the price action of $ATOM/USDT has broken the rising wedge support trendline. We have to wait for a successful retest.

For any time, on-demand analysis on $ATOM or any other coin can join our Telegram channel.

Atom Price Chart August 2022
ATOM Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh
Pratyaksh

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