Cosmos has seen this year an all-time high and has been performing well overall this year. The investors are positive about this cryptocurrency and are anticipating a positive change in its future. This is primarily due to the reason Cosmos exists and the changes it is trying to bring. The cryptocurrency market was being used as a way to get rich quickly in just the recent past. Still, now investors are willing to make more informed decisions and look for technology companies and actual work. Alligat0r is an exchange platform where you can access all kinds of price charts like Bitcoin price chart or one of Cosmos. So make sure to keep an eye on this currency as it is expected to make great progress in this year and the next. But first, it is important to understand the company Cosmos and the reason why it gained popularity. It is necessary to understand its works.
Vision of Cosmos
Cosmos says on its website that it is a web of blockchains that is designed to scale and interoperate with each other. The blockchain system was first utilized by Bitcoin and utlised a Proof-of-Work system. It was the first decentralized application of blockchain, and investors soon understood its potential. It has been growing since 2008. But the layers of Bitcoin are very old, and developers were very limited in using it, so a new blockchain arose in its place: Ethereum. Today Ethereum holds the second most valuable position in the crypto market after Bitcoin. Since it solved many problems that Bitcoin had created. The developers did not need permission and used the system of smart contracts. But soon, developers understood that even this system had limitations since the programming language was limited, so developers were limited with design and efficiency. Also, the platform was able to process only 15 transactions per second, and the scalability was also limited. This gave rise to Cosmos, which is commonly known as the Blockchain Story: 3.0. It has solved the problem of solo blockchains and allows blockchains to interact with each other. Also, exchanging is very simple with its usage of smart contracts. Cosmos was originally an open-source community project. The aim of Cosmos remains the same: to allow the community to create for themselves scalable, operable, and secure blockchains as necessary.
What is the future price forecast for Cosmos?
Cosmos has had an all-time high this ear rising it $44 in September. It has since then been trading around $30 steadily. It is expected that the market will continue the positive sentiment, and the price will continue to rise to a maximum of $38 but not dip below $30 by the end of 2021. The year 2022 seems like another positive run for Cosmos. It has been stated that in the next year, the speed of transactions for Cosmos is going to reach 1,00,000 transactions per second. In addition to that, the number of applications made based on Cosmos is growing every day. This creates a clear indication of a bright future for the currency. It will be safe to assume that it will touch its 2021’s all-time high of $44 for sure next year and surely topple over it to make new all-time highs. The future seems bright for Cosmos, and investors should keep a close eye on this company for regular updates.
Is now the right time to invest in Cosmos?
If you are not one of those investors who hopped on early, especially during the March 2020 time when the currency was trading at only $1.6, then now is surely the best time to invest in the company. The currency is being traded at around $30, and the future seems bright for next year to reach even $50. So, you can expect to make some neat profit of $20 if you jump in around the right time. Considering the future, you should consider investing as soon as possible.
How to exchange Cosmos?
If you are one of the investors who had invested early on in Cosmos or did so earlier this year, then maybe you are thinking of exchanging the currency till it starts making some progress once again. It is very easy to use the exchange platform Alligat0r and exchanges the currency, for example, Exchange Cosmos to MATIC. Just do not forget to revert back once Cosmos starts picking up the pace again.