Recently, the host of popular crypto trading and market analysis show “Coin Bureau” explained why Cosmos is one of the most important projects in the crypto space.

Cosmos is “a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus.” The designers of Cosmos consider it 3rd generation blockchain technology; they call Bitcoin “Blockchain 1.0”, Ethereum “Blockchain 2.0”, and Cosmos “Blockchain 3.0”.

Here is how they describe the vision for Cosmos:

“The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.“

Speaking in a recent YouTube video, the Coin Bureau host “Guy” told viewers the market is significantly undervaluing $ATOM. Guy highlighted the network’s inter-blockchain communication (IBC) feature, launched in March, which allows multiple blockchains to interact on the Cosmos Network.

As reported by The Daily Hodl, he said:

Cosmos is probably one of the most, if not the most, important cryptocurrency projects out there. This is simply because, without widespread interoperability, cryptocurrency is doomed to fail.

Guy said the release of IBC has cemented Cosmos in a niche that “no other cryptocurrencies are competing in.” Coin Bureau’s host predicted that the price of $ATOM (which is around $33.15 as of September 22) could appreciate 200% in the near- erm, saying that he would be surprised if it didn’t hit “at least $100.” 

Guy said ATOM’s price had yet to reflect the continual increase in fundamentals and the growing number of blockchains adopting the network as a hub. Guy also called the coin’s market capitalization “miniscule” compared to what it ultimately could be. 

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Image by Gerd Altmann from Pixabay