Despite Price Fall, Popular Analyst Backs Cosmos (ATOM) in 2022

  • The Cosmos Hub’s Vega update is designed to make it run faster and smoother.
  • Cosmos is down 4.51% in the last 24 hours.

Following the apex of $44.45 on January 17, the price of Cosmos has continued to fall in a negative trend. The ATOM price has been quite erratic over the last several weeks. Since its all-time high, it has fallen by more than 30%. At the time of this writing, the stock price of Cosmos is $30.69.

ATOM/USDT: Source: TradingView

According to Guy, the renowned crypto channel Coin Bureau presenter, Cosmos (ATOM), a decentralized alternative blockchain network, has a bright future in 2022. According to the expert who shared his views in a recent YouTube video, this year’s ATOM might be pushed higher by Cosmos creators. According to him, a fresh set of features and significant network improvements were included in the December Vega release.

Read More: Cosmos Price Prediction

Recent Vega Upgrade Holds the Key

The analyst thinks that ATOM will benefit from Cosmos’ efforts both within and outside its ecosystem. It looks to be focused on the Vega upgrade, according to him. Unless anything goes horribly wrong, he expects 2022 to be an excellent year for Cosmos if we can avoid a “Crypto Winter.”

Using the token creates a decentralized network of several blockchains that can connect. The Cosmos Hub’s Vega update is designed to make it run faster and smoother in the future.

Guy feels that ATOM’s current price is a critical price barrier that will significantly impact its future price movement. However, the cryptocurrency price has only risen by around 50 percent since Cosmos’ announcements, improvements, and advancements made in September. According to CoinMarketCap, the Cosmos price today is $30.69 USD with a 24-hour trading volume of $1,093,465,513 USD. Cosmos is down 4.51% in the last 24 hours.

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.