Cosmos (ATOM) Continues Bullish Pattern While Staking Yield is 20% Up
- Atom’s trading price increased by 1.12% in the last 24 hours.
- The Cosmos staking yield is still more than 20%.
Atom, the native token of the Cosmos ecosystem, continues to outperform most of the coins in the crypto market. The coin’s price has traded inside a symmetrical triangle since June 2022. Suddenly, the coin climbed to the 21st rank on CoinMarketCap.
The Cosmos community launched its most awaited v9-Lambda upgrade on March 15 with 99.9% of votes in their favor. After that, Atom witnessed a bullish pattern that took the coin’s trading price to cross the $10 mark.
At the same time, the coin’s yield is also taken into account. Yield is the practice of lending crypto assets in decentralized apps to get token rewards. The Cosmos staking yield is still more than 20%. The trading price of Atom has increased by around 4% in the past seven days. With that, the coin’s market cap reached $3 billion.
According to CoinMarketCap, Atom’s trading price is $11.43, with an increase of 1.12% in the last 24 hours. At the same time, the coin’s trading volume declined by 5.22% in the previous 24 hours. If the trading price continues to rise, it may reach its next mark of $15.
Read more: https://thenewscrypto.com/cosmos-atom-continues-bullish-pattern-while-staking-yield-is-20-up/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
