That high was not to be repeated, though, and Cosmos closed the year at $6.49. Things got worse for ATOM in 2020, when a combination of factors, not least the start of the Covid-19 pandemic, saw the price fall, reaching a record low of $1.13 on 13 March 2020. There was some recovery over the rest of 2020, and the coin reached a high for the year at $8.52 on 23 August. That was pretty much as good as it got for the next year or two, as it then slid down in price, spending most of the latter half of 2019 between $3 and $5. On 16 March 2019, the coin was trading at around $7.39. When Cosmos (ATOM) first came onto the open market in 2019, the price of the crypto was much less than it is now. Tokens can be transferred from one zone to another securely and quickly without the need for exchange liquidity between zones.” ATOM price history: Times of growth The document states: “The hub and zones of the Cosmos network communicate with each other via an inter-blockchain communication (IBC) protocol, a kind of virtual UDP or TCP for blockchains. The Cosmos whitepaper outlines the developers’ principles and application of “the Internet of blockchains”, focusing on solving “gross energy inefficiency, poor or limited performance, and immature governance mechanisms”. While past performance is no indicator of future results, knowing what the coin has done in the past can be useful when it comes to making a Cosmos price prediction, so let’s take a look at the foundations and the history of ATOM coin. This network dubs itself as blockchain 3.0, and aims to get different blockchains linked together to make transactions quicker, cheaper and more practical. The Cosmos ( ATOM) coin is the native token of the Cosmos system.
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