Cosmos Price Prediction: ATOM Pumps 5% As Analyst Says It Might Hit $15, But Consider This Bitcoin Cloud Mining Innovator For 10X Gains

ByAli Raza

Updated: 13 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Cosmos price has surged by 5% in the last 24 hours to trade at $11.22 as of 5 a.m. EST as trading volume skyrocketed by over 176% to $770.8 million.

ATOM’s price is currently 10% up in a week even as the crypto market has traversed bearish territory over the last three days.

Bitcoin has dropped 6% during the last seven days as ATOM surged.

The decoupling from Bitcoin has attracted traders’ attention throughout the crypto sector.

Due to the rising demand, analysts have started predicting ATOM’s price, including a pseudonymous crypto strategist called Altcoin Sherpa.

$ATOM: Coins like #ATOM are laggards but finally waking up a bit. Probably going to keep an eye on this one and expect $15 to come if btc plays nice. pic.twitter.com/hl7QGJZLZT

— Altcoin Sherpa (@AltcoinSherpa) December 12, 2023

The expert believes the coin may surge about a third to hit the $15 level.

If this happens, it would be the first time the ATOM price has reached this height since mid-February.

Cosmos Price Forecast

While ATOM’s current price is still lower than the coin’s weekly high of $12.26 yesterday, the market seems bullish on the popular crypto.

Altcoin Sherpa noted that coins like ATOM tend to lag slightly behind the market, but that it is finally waking up.

The coin is seeing an uptrend after breaking out of an accumulation range between $8 and $9 and could be heading up to $15.40, its next major area of resistance.

The chart below shows that the coin still sees fairly wide Bollinger bands, which is a bullish sign, and its RSI score signals that the coin is leaving the oversold territory.

The price’s drop in the last 24 hours is caused by the bearish wave that has struck the broader market and rejection after it attempted to breach the resistance at $12.

However, the coin’s performance was still strong enough to attract the eyes of the traders, and its massive daily trading volume increase confirms it.

Cosmos’s coin is quickly building momentum, likely launching it past the resistance at $12 and toward the $15 range in days to come.

Promising Alternative To Cosmos

The most promising alternative investment to Cosmos right now is arguably one of the most popular presales seen in 2023. The project in question is Bitcoin Minetrix (BTCMTX), and it is a cloud mining platform that is 100% decentralized, safe, and legitimate.

What is #BitcoinMinetrix?🛠️🪙#Bitcoin Minetrix is a tokenized cloud mining platform that allows everyday people to mine $BTC in a decentralized way.

Solving a huge problem by removing the risk of third-party cloud mining scams and putting the control into the hands of users. pic.twitter.com/LOY6lpZMja

— Bitcoinminetrix (@bitcoinminetrix) September 25, 2023

The platform offers its native token, BTCMTX, which users can buy and stake to receive credits in return. These credits are then used to mine Bitcoin and get BTC rewards.

This means that anyone interested in mining BTC can now do it without buying expensive mining rigs or paying massive electricity bills.

The project is aware that many have doubts about cloud mining due to fraudulent or weak platforms that emerged in the past. This is why it was designed to be fully decentralized and transparent.

#BTCMTX offers a trustworthy cloud mining solution for all #Crypto enthusiasts.

Past concerns about high hardware costs and deceitful cloud mining scams have deterred many from entering the space.

This decentralized method ensures a transparent and secure mining journey.🔒 pic.twitter.com/I600MjT8HE

— Bitcoinminetrix (@bitcoinminetrix) September 25, 2023

So far, its presale has raised over $5.2 million, and the project’s token is selling for only $0.0122 per unit. However, the token will see a scheduled price increase in under four days.

So purchasing it before that happens ensures you get it at a lower price. With the Bitcoin halving coming and mining demand at an all-time high, getting Bitcoins before the halving — and the bull run that’s expected to follow — seems like a good move.