At present, Cosmos (Atom), Ethereum Classic and Monero have become the most sought-after cryptocurrencies owing to their stability and high out-turns.
For several years, investors have continued to invest and buy Bitcoin. However, the era when Bitcoin was the currency of choice for global businessmen has long since passed. Nowadays, investors choose altcoins over bitcoin. Purchases of Cosmos (Atom) and Ethereum Classic are advised by experts to yield the highest Return on Investment (ROI) and Annual Percentage Yield (APY). People can receive exceptional returns using these alternative coins.
Cosmos
Cosmos permits the transfer of money and resources between different Blockchains via IBC and Peg-Zones. Vivid evolution across the blockchain arena faced issues like sovereignty, scalability, and sustainability. Cosmos had emerged to resolve these hardest problems existing in the blockchain industry.
Let’s take a closer look at what makes Cosmos such an attractive option for DeFi users –
A Secured Platform for Smart Contracts – Users can create smart contracts and conduct blockchain-based transactions using the safe platform offered by Cosmos. This is crucial as it gives people confidence that their transactions will be secure.
Users Creating Their Own Tokens - The flexibility for users to design their own tokens is one of Cosmos’ most alluring features. Numerous uses for these tokens exist, including as project funding and inclusion in cryptocurrency exchanges.
Staking Rewards & Automated Market Makers - When users lock up their money in exchange for interest payments over time, they receive staking rewards; this is the best option for investors who wish to generate passive income from their assets without actively trading on exchanges.
Is cosmos a good investment
The Cosmos network could spread its wings to a wider userbase, provided the updates materialize as per the expectations. With the rollout of V11-Gamma, NFT modules, and smart contracts, amongst others. The price of ATOM could rally to $29.5501, by the end of 2023 according to coinpedia and thus yes cosmos a good investment for 2023.