ATOM Price Analysis June 2022

ATOM is a coin of platform Cosmos. Its current price is around $7.54 by the time of writing, with a low of $5.59 and a market cap of 2.1 billion dollars.

What is Cosmos?

Cosmos is a cryptocurrency that can power blockchains designed to scale and interoperate with each other. The Cosmos team aims to create an Internet of Blockchains, a network of blockchains able to talk with each other in a decentralized manner. Cosmos provides a solution to exchange data cross-blockchain by using the Inter-Block blockchain Communication protocol. This innovation enables you to access authentication and payments across different chains.

What is ATOM?

ATOM is the coin of the Cosmos platform, which is around $7.54 by the time of writing, with a low of $5.59. It reached a high of $44.70, and its current ranking is #27 according to CoinMarketCap, with a market cap of 2.1 billion dollars. It powers an ecosystem of block codes designed to scale and interoperate with each other.

ATOM Coin Market Analysis 

ATOM has a Circulating supply of 286,370,297.00 coins worth around $7.54 with a market volume of 314 million dollars, whereas the market capitalization is 2.1 billion dollars at writing. 

ATOM Price Prediction

Cosmos is set to cross the $30 price point in the near future and could make a good investment. On the 1D timeframe, the price action of $ATOM/USDT has broken the resistance trendline of the wedge. Price is testing out above the resistance. If it is tested successfully, we will gain a good ATOM gain.

Atom Price Prediction June 2022
ATOM Price Prediction June 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about 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

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