The pinnacle of the cryptocurrency outlet Coin Bureau says that Cosmos Community (ATOM) could possibly be crucial digital asset available on the market.
The pseudonymous analyst, who goes by the title Man, tells his 1.3 million YouTube subscribers that the crypto community is invaluable as a result of it permits completely different blockchains to speak in a decentralized style.
Cosmos Community finalized its inter-blockchain communication (IBC) protocol in March, which permits completely different cryptocurrency platforms to commerce and switch tokens with one another.
Man says that this operate makes ATOM a game-changer for the trade.
“Cosmos might be one of the vital, if not probably the most, necessary cryptocurrency initiatives on the market. That is just because, with out widespread interoperability, cryptocurrency is doomed to fail.
With the completion of the IBC, Cosmos has cemented itself because the chief in a distinct segment that nearly no different cryptocurrencies are competing in.”
Man says the altcoin can also be in line to see a 200% surge in value.
“By way of how excessive ATOM might go, I’ll begin by saying that I will likely be very stunned if it doesn’t hit not less than $100.
That is just because Cosmos’s fundamentals proceed to hit all-time highs, with extra blockchains connecting to its hub nearly each different week.
This has not but been totally mirrored in ATOM’s value, nor its market cap which is [still] minuscule.”
ATOM is buying and selling at $34.61 at time of writing, in keeping with CoinGecko.
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