The analyst for the Coin Bureau channel, known by the alias Guy, told his 1.3 million YouTube subscribers that Cosmos Network (ATOM) could become the most important digital asset on the market. The analyst says that the crypto network allows different blockchains to communicate in a decentralized manner, which is why it is invaluable to the ecosystem.
Cosmos Network completed its inter-blockchain communication (IBC) protocol in March, which allows different cryptocurrency platforms to trade and transfer tokens with each other. Guy says this functionality will make ATOM a groundbreaking platform for the industry.
“Cosmos is probably one of the most important cryptocurrency projects, even the most important. This is because the cryptocurrency ecosystem is doomed to fail if interoperability is not widespread.
With the completion of IBC, Cosmos has solidified its position as a market leader in a niche where virtually no cryptocurrency competes.”
In the light of all these developments, Guy predicts that the altcoin, which is traded at $ 35.71 at the time of writing, will experience a 200 percent increase in price, and he thinks that the developments in the network have not yet been reflected in the price, but this situation will change soon.
“As for how high ATOM can go, I’ll start by saying I’d be very surprised if it doesn’t reach at least $100.
This is because the fundamentals of Cosmos continue to hit all-time highs with new blockchains connecting to its hub almost every two weeks.
[Ancak] all this for the price of ATOM or [hala] the smaller market value has not yet been fully reflected.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.