Asset Manager VanEck, Issue $140 Price Target on ATOM

Multibillion-dollar asset management fund VanEck released a statement containing its bullish outlook on Cosmos’ ATOM token, producing a $140 price target with a downside of $1. The company believes that ATOM will move 160x by 2023, resting its thesis upon “the power of the Cosmos SDK, the revolutionary importance of IBC, the clear product market fit of the Cosmos Hub, and the strong token value accrual.”

  • VanEck predicts a substantial portion of future public chains will exist in the Cosmos
  • Likely, Cosmos Hub will become the security layer for a significant portion of ecosystem
  • VanEck produced a $140 price target for the ATOM token with a downside of $1
  • Analysts at the asset management fund believe that ATOM will move 160x by 2023

On 15 August, the multibillion-dollar asset management fund VanEck released a statement containing its bullish outlook on Cosmos’ ATOM token. Their thesis rested upon: “the power of the Cosmos SDK, the revolutionary importance of IBC, the clear product market fit of the Cosmos Hub, and the strong token value accrual.” A major issue affecting the …

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