The head of the cryptocurrency outlet Coin Bureau says that Cosmos Network (ATOM) could be the most important digital asset on the market.
The pseudonymous analyst, who goes by the name Guy, tells his 1.3 million YouTube subscribers that the crypto network is invaluable because it allows different blockchains to communicate in a decentralized fashion.
Cosmos Network finalized its inter-blockchain communication (IBC) protocol in March, which allows different cryptocurrency platforms to trade and transfer tokens with each other.
Guy says that this function makes ATOM a game-changer for the industry.
“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.
With the completion of the IBC, Cosmos has cemented itself as the leader in a niche that almost no other cryptocurrencies are competing in.”
Guy says the altcoin is also in line to see a 200% surge in price.
“In terms of how high ATOM could go, I’ll start by saying that I will be very surprised if it doesn’t hit at least $100.
This is simply because Cosmos’s fundamentals continue to hit all-time highs, with additional blockchains connecting to its hub almost every other week.
This has not yet been fully reflected in ATOM’s price, nor its market cap which is [still] minuscule.”
ATOM is trading at $34.61 at time of writing, according to CoinGecko.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Space creator/REDPIXEL.PL