Cryptocurrency

These ‘ATOM’ic changes could change the course of Cosmos for good. Here’s why


Cosmos [ATOM] made it to the checklist of prime inter-blockchain communication (IBC) protocol initiatives as of 18 October. According to the information at hand, ATOM’s weekly lively customers surpassed all different cryptocurrencies that made it to the checklist. 

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Here’s AMBCrypto’s Price Prediction for Cosmos (ATOM) for 2023-24

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The IBC permits impartial blockchains to immediately talk and commerce property with one another. Therefore, this growth added a lot worth to the blockchain because it represented the capabilities of ATOM. 

The token’s value additionally corresponded to this growth because it registered almost 3% weekly features. According to CoinMarketCap, ATOM’s press time value was $12.45 with a market capitalization of $3,564,241,363. 

Several developments additionally in the ecosystem acted as the cherry on the cake and recommended a value surge in the close to future. For instance, 17 new initiatives have been not too long ago added to the Cosmos ecosystem, which regarded fairly promising. 

A sky full of Cosmos…

In addition to the aforementioned developments, ATOM’s metrics additionally painted a bullish image for the coin. Several metrics recommended a value surge in the close to future. For occasion, after registering a decline, ATOM’s quantity went up, which was a bullish sign.

Source: Santiment

ATOM’s Binance funding price additionally witnessed a surge in the previous few days, thus indicating increased curiosity from the derivatives market. Not solely this, however ATOM’s social quantity additionally spiked, representing ATOM’s reputation ranges inside the crypto neighborhood.

1666205410 7 These ‘ATOMic changes could change the course of Cosmos for

Source: Santiment

However, not all the things was working in ATOM’s favor as its growth exercise went down significantly, which is a crimson sign because it signifies much less effort from the builders in bettering the blockchain. 

… and bears apparently

A take a look at ATOM’s each day chart revealed that the bulls and the bears have been combating a battle. The Exponential Moving Average (EMA) Ribbon indicated an analogous state of affairs with the bears having a slight edge in the market. Moreover, ATOM’s Relative Strength Index (RSI) rested under the impartial place. 

Nonetheless, different market indicators have been optimistic and recommended a value surge in the coming days. The Moving Average Convergence Divergence (MACD) displayed an try to make a bullish crossover. ATOM’s Chaikin Money Flow (CMF) did handle to cross the zero line, however moved sideways at press time. 

1666205411 168 These ‘ATOMic changes could change the course of Cosmos for

Source: TradingView

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