The top of the cryptocurrency outlet Coin Bureau says that Cosmos Community (ATOM) might be crucial 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 totally different blockchains to speak in a decentralized trend.
Cosmos Community finalized its inter-blockchain communication (IBC) protocol in March, which permits totally different cryptocurrency platforms to commerce and switch tokens with one another.
Man says that this operate makes ATOM a game-changer for the business.
“Cosmos might be some of the, if not probably the most, essential 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 worth.
“When it comes to how excessive ATOM might go, I’ll begin by saying that I might be very shocked 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 totally mirrored in ATOM’s worth, nor its market cap which is [still] minuscule.”
ATOM is buying and selling at $34.61 at time of writing, in line with CoinGecko.
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