Cosmos Price Prediction: Here's Why I'm Buying ATOM

The Cosmos price surged to the highest level since September 27 as investors waited for the upcoming upgrade to Cosmos 2.0. ATOM, its native coin, jumped to a high of $14.50, which was about 36% above the lowest level in October.

Timeline of Cosmos

ATOM's price shows strength as it bounces from a downtrend range price rallied to a high of $14 with eyes set on $17.  ATOM could rally more as the price creates more bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying higher.

This upgrade, if accepted by ATOM owners and community supporters, will mark the most significant alteration to ATOM's tokenomic architecture since Cosmos was first made available to the general public in 2016. On October 31, 2022, a process for an on-chain vote to update Cosmos' cross-network infrastructure platform to ATOM 2.0 began.

Binance is sending a Cosmos (ATOM)-based altcoin surging after the exchange listed the asset in its “Innovation Zone” on Thursday. Binance rolled out trading services for Osmosis (OSMO), an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK) that aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC).

Cosmos announced a new plan to incentivize validators on its network and allow its team to test out its Interchain Security. Moreover, the number of stakers on the network has shown growth over the past 30 days.

The Cosmos community will vote on Oct. 31 on a proposal to approve changes to the network's Hub. The post Cosmos to vote on new security model for network's Hub next week appeared first on The Block.

BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Oct. 21 to Oct. 28. The post KLAY, DOGE, THETA, TON and ATOM Outperform appeared first on BeInCrypto.

In late September, Cosmos Network held its first Cosmoverse '22, described as the most inclusive Cosmos ecosystem event, with three days of presentations at the Las Palmas hotel in Medellin, Colombia. Despite the bear market, the event had a decidedly positive atmosphere.

Cosmos (ATOM) started this year with a bang by attaining its all-time high (ATH) on January 17 when it traded for $44.45. But just like other cryptocurrencies, it failed to sustain that level and was relentlessly pummeled by the volatile crypto market.

The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. The daily timeframe was bearish A move above $13 looked unlikely and would give impetus to the bulls Cosmos has been in a downtrend since late September.

The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cosmos [ATOM] witnessed a patterned breakdown and entered into its high liquidity zone.