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The Cosmos project appeared in the cryptocurrency ratings in February 2019. The price of the ATOM coin at that time was $2.75. There were still 2 years left until the next bull season and all this time the ATOM coin was trading in the price range between $6.6 and $1.16 in March 2020, when ATOM recorded its absolute minimum.
In January 2021, the first wave of the bull rally began. Then ATOM managed to rise in price to $29 per coin. Then there was a correction, when ATOM fell to $9.
But soon the second wave of the 2021 bull season occurred and the ATOM coin was able to jump to $44. This was its maximum record. Unfortunately, it was never able to repeat more.
The bear season has arrived. The crypto market began to fall and the ATOM coin collapsed to $6. This blow was too painful. Investors turned away from ATOM. Which was shown by the next bull season.
2024 has arrived and with it the bulls have returned. Bitcoin set its new record in March, rising to 73 thousand. And what about our ATOM coin?
Almost nothing. In March 2024, ATOM rose to $14, and then fell back to $6. Even at the height of the bear season, it managed to rise to a level higher than it was able to do during the bull season. For example, in September 2022, it was able to rise in price from $6 to $16. This is a very strange and bad indicator that the ATOM coin has become untied from the market and does not follow its movement. Which was proven by the second wave of the bull rally, which is happening right now on October 20, 2024. Bitcoin is already worth 68 thousand and is approaching its absolute record, and the ATOM coin, on the contrary, is getting cheaper. Today its price is 4.47. It is only falling.
Our forecast Cosmos ATOM.
When Bitcoin grows to 80 thousand, the ATOM coin will not cost more than 10 dollars. And perhaps less than 5. A very risky purchase. We would not recommend it.