Cosmos: ATOM's STRONG Value & Price Potential!!
Cosmos was founded by Ivy League computer scientist Jae Kwon in early 2014. Cosmos was built by All In Bits Inc., a for profit software company which Jae also founded in 2014. Cosmos’ development is overseen by the Interchain Foundation, a Swiss non-profit which commissions and coordinates the more than 2 dozen companies building on Cosmos, including All In Bits Inc. Cosmos based blockchains all use the Tendermint consensus mechanism developed by Jae Kwon. Tendermint is actually one of the most secure proof of stake consensus mechanisms in cryptocurrency. Cosmos’s ATOM coin has historically lagged behind the other cryptocurrency coins in its ecosystem, and this is primarily because the Cosmos team was focused on finishing the IBC
After months of testing, Cosmos finally launched its decentralized exchange dubbed Gravity in July. Like Uniswap, Gravity is an automated market maker or AMM DEX. Another thing Cosmos did in July was integrate with Band Protocol, the second largest oracle in cryptocurrency. In case you didn’t know, the Band Protocol blockchain was built using the Cosmos SDK. This gives Band Protocol similar interoperability features to Cosmos in the context of data, and cross-chain data is absolutely crucial for building robust cross-chain dApps. In August, another company building on Cosmos called Althea revealed the Gravity Bridge, a stand-alone Cosmos blockchain that will make it possible to transfer tokens between the Cosmos hub and Ethereum.
📊ATOM Price Analysis📊
All these bullish developments have sent ATOM on a mission to the moon, and it recently surpassed its previous all-time high. This is partially due to the release of Emeris DEX but seems to be mostly due to another Cosmos based DEX called Osmosis. Cosmos is a cryptocurrency I would personally place among the top 10, and if it manages to make that list on the leaderboards it means a 150$ ATOM at the very least.
Cosmos will soon be rolling out its interchain staking feature. This will make it possible for Cosmos validators to secure more than one blockchain. By the end of the year Bitcoin will be on Cosmos. Most of Cosmos’ game changing features are scheduled for launch sometime in early 2022. These are NFTs, tokenization, and staking derivatives.
When I was watching interviews with some of Cosmos’ core developers, a few of them mentioned that there have been tensions between the different teams working on Cosmos. To my understanding, this is because each company working on Cosmos has a slightly different perspective of the project and what it should look like in the future, and I reckon that’s to be expected. Besides these issues on the developer side, Cosmos’ growth is being stunted by another factor, and that’s the project’s insane commitment to the core values of cryptocurrency. As explained by one of Cosmos’ core devs, they’ve put next to zero effort into getting ATOM listed on exchanges. Osmosis founder Sunny Aggarwal also pushed back against OSMO listings on CEXes.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.