Coin Bureau Predicts A Bullish Year 2022 For Cosmos (ATOM)

Coin Bureau looks into Cosmos (ATOM) and projects a bullish year for the ecosystem of connected blockchains.

In a recent video update, the Coin Bureau host, Guy shared with the 1.93 million subscribers to Coin Bureau’s YouTube channel that Cosmos developers are now building demand catalysts that could result the rise in ATOM price this year.

The crypto analyst specifically mentions the Vega update in December that brought several new features and larger upgrades to the Cosmos.

“For what it’s worth, I’m confident that Cosmos will find a way to add value to ATOM both inside and outside of its ecosystem. From where I’m standing, it looks like it’s focused on exactly that, the Vega update for example. I truly believe that 2022 is going to be a big year for Cosmos so long as we don’t enter another crypto winter.”

Cosmos is an ecosystem of connected blockchains that can communicate in a decentralized manner. The Vega upgrade is essential to enhance the performance of the Cosmos Hub and ensure that future upgrades occur seamlessly.

Guy is looking at a key price resistance level at $45, and says that it will be key in determining where the price will be heading.

“Cosmos’ announcements, upgrades and developments have taken ATOM on a tear, but it’s only up about 50% since I last covered the project in September.

Besides the general weakness we’ve seen in the crypto market since December, ATOM has tried and failed to claim the $45 mark three times over the last few months. Unfortunately, this means that it’s likely to see a lot of resistance if and when it approaches those levels again…

As far as ATOM’s price potential goes, it’s hard to say. Cosmos is a large-cap cryptocurrency as it is, and this means it will be hard for ATOM to pull more than a 3x or a 4x before the bull market is over.”

At the time of writing ATOM trades at $31.33 up 11.5% on the weekly time frame.