ATOM Price Analysis February 2023
ATOM is a token of the platform Cosmos. Its current price is around $14.83 at the time of writing, with a low of $5.59 and a market cap of 4 billion dollars.
What is Cosmos (ATOM)?
ATOM is the coin of the Cosmos platform, which is around $14.83 at the time of writing, with a low of $5.59. It reached a high of $34.56, and its current ranking is #19, according to CoinMarketCap, with a market cap of 4 billion dollars. The ATOM token is a unifying element in the Cosmos network, enabling interoperability between all its zones. It can be employed for various purposes, such as storing, transferring, sending, or staking.
Cosmos (ATOM) is a digital currency that fuels a blockchain ecosystem of various blockchains. This system works together to create a decentralized “Internet of Blockchains” that can communicate. The team behind Cosmos is passionate about improving scalability and interoperability on the network.
ATOM Coin Market Analysis
ATOM has a total supply of 286,370,297 coins worth around $14.83 with a market volume of 481 million dollars, whereas the market capitalization is 4 billion dollars at writing. Investing in the Cosmos is an attractive option for the year 2023. Despite its launch in 2019, these tokens’ prices skyrocketed only at the beginning of 2021. It is one of the highly recommended investments with all the benefits it offers.
ATOM Price Prediction
On the 1D timeframe, the price action of $ATOM/USDT has broken the resistance trendline. Currently, the price is moving below the horizontal resistance zone. If it breaks its resistance zone ten, it can go upward. But, on the other hand, the price may fall from here. So we have to wait for further price.
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The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.