The top of the cryptocurrency outlet Coin Bureau says that Cosmos Community (ATOM) might be an important digital asset available on the market.
The pseudonymous analyst, who goes by the identify 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 perform makes ATOM a game-changer for the business.
“Cosmos might be some of the, if not probably the most, necessary cryptocurrency tasks 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 just about no different cryptocurrencies are competing in.”
Man says the altcoin can be in line to see a 200% surge in value.
“When it comes to how excessive ATOM may go, I’ll begin by saying that I will probably 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 further blockchains connecting to its hub virtually each different week.
This has not but been absolutely 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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