The asset management company, Vaneck, is optimistic about the future value of the Cosmos ATOM crypto. Indeed, this asset manager predicts that this token will reach $140 by 2030. With the current price of the crypto at $11, this is a buying opportunity for the Cosmos token, with a risk ratio of 1:14.
Interesting revenues for the future
According to an article that appeared on their website on August 15, Vaneck estimates that the blockchains of the Cosmos ecosystem represent 30% of all future blockchains. They also assume that Cosmos Hub secures 50% of Cosmos’ blockchain networks.
Subsequently, the asset manager derives a take rate for the ATOM token from Cosmos. Which was derived from transaction revenues, chain security inflation and MEV revenues. The community expects the Cosmos Hub to set the price of security at 25% of transactions in the consumer chain.
In addition, Vaneck analysts see Cosmos (ATOM) accumulating 25% of the inflation rewards of its consumer networks. To reach their MEV revenue share of 25%, Vaneck applies the same distribution between Cosmos Hub and its consumer chains.
Vaneck later adds that Cosmos Hub will generate $21.6 billion per year by 2030. This forecast takes into account the growth forecasts and inflation of the Cosmos ecosystem. Moreover, these revenues can be classified as free cash flow. This is because these are net revenues, excluding fees and operating costs of a blockchain.
Cosmos (ATOM): a promising blockchain technology
In his article, Vaneck’s analysts believe that there is a huge target market for Cosmos’ blockchain technology (ATOM). Indeed, it is an efficient and cost-effective technology. It can also count on the experience of its users.
Next, Vaneck predicts that a large part of future public blockchains will exist in the Cosmos ecosystem. This, due to the reliability and ease of use of the Cosmos SDK. And then there are also the unlimited interoperability features offered by IBC.
In short, the Cosmos Hub ATOM token is a crypto with high potential given all these assets. It could cover a considerable part of the value of the public blockchain market. Thus, its price could reach $ 140, according to Vaneck’s forecasts.
Source : Vaneck
Receive a digest of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss anything essential Cointribune!
The Cointribune editorial team unites its voices to express itself on topics specific to cryptocurrencies, investment, the metaverse and NFTs, while striving to best answer your questions.