InvestAnswers on Cosmos ($ATOM): ‘Looks Absolutely Perfect’, ‘Set To Skyrocket’


Popular financial education show InvestAnswers is bullish on $ATOM, the native coin of Cosmos, which is “an ecosystem of networks and tools for creating interoperable blockchains.”

In a recent YouTube video, the anonymous host of InvestAnswers told viewers that $ATOM looks “absolutely perfect” to explode in price. The show’s host predicted that the altcoin would increase by roughly 40% in the next month. 

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As reported by The Daily Hodl, the host said: 

It’s pretty clear to me that we will hit $45 in probably a month or less. [ATOM] just looks absolutely perfect and set to skyrocket as we go forward. Not much selling pressure on the horizon and we should be able to get to that level [of] $45 which it hit four or five times in the last couple of months.




Speaking in the same episode, InvestAnswers gave an update on the outlook for Ethereum, noting that $ETH is currently at the 0.5 Fibonacci level, a key landmark for an asset attempting to make a breakthrough. The host said Ethereum would first need to break its 50-day moving average before tackling the 200-day moving average. He predicted the price would “hopefully” get to $3,700, before making a run to a new all-time high of $4,800. 

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InvestAnswers was also bullish on Terra ($LUNA), saying that the altcoin was making a “nice recovery,” while claiming Avalanche ($AVAX) was in the overbought zone and “might be running a little bit out of steam.”

According to data by TradingView, on Coinbase, currently (as of 3:35 p.m. UTC) $ATOM is trading around $27.42.

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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