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Atomic Wallet has won a dismissal in a $100 million class-action lawsuit related to a hack, citing lack of jurisdiction over the Estonia-based company. (Read More)
Cosmos Hubs ATOM token bursts into the scene after capturing some momentum from the markets recent dismal performance. According to Coingecko, the token is up more than 10% since yesterdays market overreaction. This is largely due to Cosmoss continuous efforts to innovate despite the performance of the market which has now rebounded over 8% in the past 24 hours. Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up This month, ATOM holders are eyeing several developments that will bring more attention to the platform. These developments might help push ATOMs position in the market in favor of the bulls in the long run. New On Boards For ATOM And Other Achievements Although ATOMs market performance leaves much to be desired, Cosmos Hub continues to move within the crypto community, bringing in value from across the space. Lava Network, a blockchain infrastructure platform, recently launched its mainnet while garnering a total of 50 billion network requests from its supported chains. The network was built using Cosmoss SDK, giving a look-see for developers who might want to build on the platform. Lava is certainly on fire after its mainnet launch @lavanetxyz, powered by CosmosSDK, is providing decentralized and accountable RPCs for the Cosmos Hub. Welcome to the interchain! https://t.co/9bxZZuzzux Cosmos Hub (@cosmoshub) August 5, 2024 Cosmos itself also experienced some growth. According to Everstakes recent thread on the platforms performance for the first half of the year, Cosmos saw an increase in staked ATOM tokens on the platform which translates to a higher engagement rate in Cosmoss delegation. The thread also featured several chains that are part of the broader Cosmos Hub network. 1/8 We are excited to present another entry in our series of staking reports, covering the progress in #Cosmos Interchain family, including @cosmoshub, @CelestiaOrg, @injective, @osmosiszone, @KAVA_CHAIN, and @babylonlabs_io. This thread presents a brief overview of their pic.twitter.com/3pEU24kULr Everstake (@everstake_pool) August 1, 2024 On Celestia, the year-to-date active addresses jumped by a significant figure – from 308.7k to 845.7k which accounts for over 69% staking ratio, the highest in the Cosmos network. Injective also saw some growth after implementing gas compression, a feature that significantly decreases transaction fees, during the start of the year. The market platform saw total staked INJ tokens increase to 60.4 million INJ. Just today, INJ processed a total of $200 million worth of transactions on its native decentralized exchange (DEX), marking another milestone for the platform. These are only some of the factors that will inevitably contribute to Cosmos Hubs position to solidify in the market. With some time, ATOM might rebound from its cautious state. Investors Should Be Cautious Of This Level As of writing, the token still sits on a fairly unstable price range at between $3-$5. This shows the token’s precarious position in the short term as bearishness still lingers on the market. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss ATOMs minute gain can be attributed to the markets recent jump and the most recent developments on-chain, both of which are not enough to capture any significant value in the short term. Thus, investors should remain cautious of ATOM as it can be more susceptible with bearish pressure in the short term. However, ATOM bulls can take advantage of the lower volatility of the token to settle between the $3 to $5 range before accumulating momentum for a major breakthrough in the long term. Featured image from PXfuel, chart from TradingView
The market has been seen to further dip as major cryptocurrencies continue to fall towards their most recent support levels. This only amplified the losses of the altcoin market to bring tokens like Cosmos (ATOM) down to the ground. According to CoinGecko, the token has lost almost 23% since last month and drags any hope for recovery to higher price levels. Related Reading: Market Slip Drags Injective Down 16% Despite Ongoing Developments Despite its recent underperformance, the Cosmos ecosystem saw developments that may stem the bearish tide. However, it remains to be seen whether these recent on-chain developments have a definite effect on ATOMs future performance. Balanced DAO Adopts Inter-Blockchain Communication Protocol (IBC) The official Cosmos X account recently announced that Balanced, a stablecoin platform and decentralized exchange, has adopted the Inter-Blockchain Communication (IBC) protocol, making it part of the Cosmos ecosystem. Balanced enters the #interchain Through the IBC integration, @BalancedDAO brings its cross-chain DeFi platform to Cosmos SDK chains – with connections to @archwayHQ & @injective already live. In the blog post below, learn more about Balanced https://t.co/igDR3YdNfp Cosmos – The Interchain (@cosmos) August 27, 2024 According to their blog post, Balanced adopted the IBC as a means to connect to as many chains as possible, improving on-chain scalability while providing proportional security. Impressively, the implementation phase of the IBC adoption went smoothly with developers on Balanced opened communication channels between the Balance chain and the IBC without requiring a hard fork for the networks existing cross-chain connections. Cosmos benefits through Balanceds large connection pool with big names like Solana, Polygon, and many more. $1.03b in transfers and 2.3m monthly active accounts: 30d IBC Network Stats from July – August. Let’s explore the @mapofzones This month, 118 chains were actively connected through IBC and processed $1.03b in transaction volume.@osmosiszone drove the highest IBC volume pic.twitter.com/bgav1S9Oh7 IBC (@IBCProtocol) August 28, 2024 This contributed to Cosmoss most recent achievement: reaching 2.3 million monthly active accounts and over $1 billion in transfers. The accomplishment comes after the fact that the network has reached over 118 chains connected through IBC this month. Cosmoss largest achievement by far is the growing adoption of IBC as a cross-chain communication standard. IBCs security while still being flexible and scalable makes it an attractive solution for cross-chain communication. Cosmos: $4.6 Reveals Significant Hurdle For ATOMs Upside Potential ATOM is wrestling control of $4.6 in the short term with the bulls attempting to flip it to support. This bullish behavior suggests that investor sentiment has been strengthened by the recent on-chain developments that occurred within the last 2 weeks. Related Reading: XRP Gains Ground: 20% Of Institutional Investors Embrace The Crypto This leaves investors with an open road toward $6, but before this potential is realized, ATOM bulls should focus on the short-term flip of $4.6 as a support level. The token revisited this price level two times already; third if its current position is counted. This makes $4.6 both a significant support level and a hurdle for any upward potential. If the bulls fail to take this price level, the bears will eye $4 as a target. This places ATOM at a significant disadvantage with no solid support in the long term. However, bullish success on this level bodes well for ATOM as the token will stabilize on the $4.6-$5.1 range, giving enough wiggle room for short and medium term gains while securing a long-term solution for a climb toward $6. Featured image from Medium, chart from TradingView
In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market. Cardanos Fall From Grace According to reports from CoinMarketCap, Cardano has dropped out of the top 10 [...]
The post Cardano Kicked Out Of Top 10 Crypto By Market Cap, Whats Going On? appeared first on Crypto Breaking News.
Cosmos is presently held between a rock and a hard place in the market, according to crypto analyst Alan Santana. To him, this is a very opportunistic time for long-term investors, most especially those with a bullish outlook. Related Reading: Is Dogecoin (DOGE) Headed For A 40% Slide? This Analyst Thinks So He feels that ATOM is currently trading at quite a remarkable discount from the highs posted, hence positioning itself for a very compelling risk-reward entry. According to Santana, Cosmos has “a great chart” because the coin is trading very low compared to historical prices. Cosmos (ATOM) Pre-2025 Bull-Market Accumulation Zone & Strategy Cosmos has a great chart… How are you doing my dear friend? Ready for a new yesterday, tomorrow-today? Are you ready to explore this chart with me in this wonderful day? Cosmos has a great chart because it is pic.twitter.com/SH4yrF76yd Alan Santana (@lamatrades1111) August 14, 2024 Cosmos: Accumulation Phase and Risks Santana emphasized that Cosmos was in its critical phase of accumulation. On the other hand, ATOM has historically formed higher long-term lows, which could be a technical indicator setting a stage for future gains. However, accumulation comes with risks. The key level to watch would be $1.923, a low from March 2020. Should the price of ATOM go below this threshold, it would somewhat undermine the bullish narrative Santana presents. Such a decline could be interpreted as a shift in market sentiment and would result in weaker performance compared with other cryptocurrencies. Another pressure on ATOM comes from insider selling. As soon as the developers, miners, or exchanges begin to sell their holdings en masse, that usually becomes a red flag indicator of problems within the project or, at the very least, a lack of belief in its further perspective. This might be why, in particular, Cosmos can’t hold up that well compared to other altcoins, which have been able to stay above their June 2022 lows. Bearish Forecast And Market Sentiment Although Santana’s sentiment is slightly overly hopeful, the market sentiment is overwhelmingly bearish. According to CoinCodex’s most recent prediction, Cosmos will lose 8.56% and its price will fall even further to $4.13 by September 15, 2024. All technical indicators in this forecast are bearish. The Fear & Greed Index has finally reached 27, showing much fear in the market. For Cosmos, there have been nine green days during the last 30 daysout of a possible total of 30. This translates into a positive return rate of 30%. Its current price volatility is at 11.64%, indicating a highly uncertain and risky time frame. Well, considering the current state of the market, it may not be an ideal time to invest in Cosmos. Based on the factors mentioned above, namely the price drop forecast and the current sense of fear in the market, it would seem that caution is due. Related Reading: Bitcoin Cash (BCH): Analyst Pinpoints Prime Moment For Strategic Buy Weighing The Risks and Rewards Although Santana’s analysis shows that this could actually be beneficial for future gain, the outlook immediately is not so promising. The factors therefore have to be taken into consideration by the investor prior to buying. Cosmos is a high-risk, high-reward scenario. The current low price and previous higher lows could yield huge rewards for long-term investors who can handle the storm. However, adverse mood, insider selling, and price decrease expectations are risks. Featured image from Zipmex, chart from TradingView
Crypto analyst Alan Santana has shared his in-depth analysis regarding Cosmos (ATOM) and its further price action. In his analysis, Santana believes that the current market conditions offer a huge opportunity for long-term investors. Currently, ATOM is trading at a notable discount compared to its earlier highs. Since May 2019, the cryptocurrency has charted a […]
The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through. Although ATOM has stayed somewhat steady, with a little rise [...]
The post Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target appeared first on Crypto Breaking News.
Cosmos (ATOM) has remained relatively placid, tilling little to the broader recovery trends. However, this places it on the verge of a strong breakout that might set the scene for further upside.” The ATOM rose only a little by 1.23% over the past week and lost 5% over the last 30 days. The general sentiment […]
While ATOMs price remains stable despite a 20% drop over the past year, and Filecoin (FIL) shows growth potential despite hurdles, BlockDAGs Keynote 2 has electrified the crypto world. This pivotal keynote revealed updates boosting expectations for a 30,000x ROI. Showcasing BlockDAGs latest tech strides, it introduced the beta X1
SingularityNET (AGIX) introduces the Distributed Atomspace (DAS), a decentralized knowledge repository aimed at revolutionizing AI research and development. (Read More)
Cryptocurrency enthusiasts have plenty to be excited about in May 2024, as BlockDAG, Polkadot, and Cosmos each make significant market advances. Polkadots price drops to $6.50, creating an appealing opportunity for investors. Meanwhile, Cosmos draws attention by collaborating on the XRP Ledger EVM sidechain. Amid these market movements, BlockDAG distinguishes
The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs.
Discover Cosmos price predictions, evaluating ATOM coin's potential growth trajectory through in-depth analysis.
The post Cosmos Price Prediction: How High Can ATOM Crypto Go? first appeared on StealthEX.Bitcoin Price Approaching New All-Time High as ETH, DOGE, Pepe, and ATOM Rally The price of Bitcoin is edging closer to a new all-time high as other cryptocurrencies like Ethereum (ETH), Dogecoin (DOGE), Pepe, and Cosmos (ATOM) are also experiencing a rally. This surge in prices across multiple cryptocurrencies is indicative of a broader bullish [...]
Bitcoin’s price has dropped below $80K, sparking speculation on whether other cryptocurrencies will outperform BTC and altcoins. Among the contenders for potential outperformance are Pi, OKB, GT, and ATOM. Investors are closely monitoring these digital assets to gauge their growth potential amidst the fluctuating crypto market. The recent dip in Bitcoin’s value has triggered a [...]
The post Bitcoin Drops Below $80K: Can PI, OKB, GT, and ATOM Beat Bitcoin and Other Altcoins? appeared first on Crypto Breaking News.
ATOM has formed a bullish head-and-shoulders pattern and looks to make a move of over 50-60% in the near future.
The long-awaited Altseason appears to be just around the corner, sparking growing excitement among crypto investors. Historically, Altseason refers to a period when altcoins significantly outperform Bitcoin (BTC), and current market signals suggest this phase may be about to kick off. Despite the broader market’s choppy conditions, several altcoins are showing impressive strength. Notably, EOS […]
Cosmos (ATOM) is expressing a bearish trend with the overall market and showing signs of decline in its price due to BTCs recent price volatility. Its price over the last week is down by 13.38%, and over the last month it is down by 14.05%. At the time of writing, Cosmos is trading at $3.97 […]
In a recent report from cybersecurity experts, the Exodus wallet, known for its atomic swap feature, has been targeted in a cyber attack. This exploit aims to compromise the security of the wallet, potentially putting users’ funds at risk. The atomic swap functionality of the Exodus wallet allows for the direct peer-to-peer exchange of different [...]
The post New Cybersecurity Threat: Atomic and Exodus Wallets Vulnerable to Attack appeared first on Crypto Breaking News.
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The post Maximize Your Writing with AI: The Ultimate Guide to AI-Powered Content Writing Tools appeared first on BitPinas.
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