Saturday, June 3, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Uncategorized

crypto: Cosmos is beating crypto weakness to scale new highs! Does this rally have more legs?

cryptonews100_tggfrn by cryptonews100_tggfrn
January 7, 2022
in Uncategorized
0
crypto: Cosmos is beating crypto weakness to scale new highs! Does this rally have more legs?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


New Delhi: Regardless of weakness within the crypto cart, a newly launched token is defying gravity to transfer larger, making an attempt to break the earlier highs and scale new peaks.

Cosmos (ATOM), which was launched in March 2019, has zoomed about 1,200 per cent in lower than three years to scale a excessive of $43.4 on January 5, 2022, from $3.4.

Related articles

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

February 28, 2023

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

February 28, 2023

In a nutshell, Cosmos payments itself as a venture that solves a number of the ‘hardest issues’ confronted by the blockchain business. It goals to provide an antidote to sluggish, costly, unscalable and environmentally dangerous proof-of-work protocols.



In different phrases, it goals to provide an ecosystem of linked blockchains. It additionally tries to cut back the complexity of the blockchain expertise and ease for builders,thanks to a modular framework that demystifies decentralised apps.

Blockchain community interoperability is shaping up to be one of many important themes for the cryptocurrency ecosystem in 2022 because the new age buyers proceed to onboard rising crypto area.

“Cosmos is one the highest protocols that’s interoperability and cross chain capabilities. Virtually each sensible crypto investor or dealer talks about it,” mentioned Ganesh Kompella, Enterprise Accomplice, Tykhe Block Ventures.

Within the final one yr, the token has delivered multibagger returns of more than 630 per cent to the buyers. Nevertheless, it was buying and selling within the vary of $40-41 on Friday morning.

There are three key causes that are supporting the robust worth rally within the worth of Comos together with the launch of a cross-chain bridge, which makes the protocol Ethereum Digital Machine appropriate and an upcoming Theta improve.

The third purpose for the upward momentum is the ecosystem’s enlargement to 28 reside, interconnected chains that whole more than $68 billion in whole worth. These embody Binance Good Chain, Terra (LUNA) and Crypto.com (CRO).

Echoing the same tone, Raj A Kapoor, Founding father of India BlockChain Alliance, mentioned that Cosmos aspires to be the ‘web of blockchains’ and has seen main progress with over 260 blockchain initiatives.

“Over $170 billion are secured by the Cosmos ecosystem which additionally noticed a significant improve in March with the launch of the Inter-Blockchain Communication (IBC) protocol, permitting unbiased blockchains to join to one another permissionless to change knowledge and worth,” he added.

spot and derivatives trading, low fees! Use VPN to Spain if in US.

Cosmos has raced previous the crypto giants like Algorand, Litecoin, Fantom, Tron, Decenterland, Web Protocol, The Sandbox and Axie Infinity to develop into twenty first largest crypto asset by way of marketcap.

Cosmos boasts a totally diluted marketcap of little lower than $12 billion and there are a complete 226,226,027.65 ATOM tokens in circulation as of January 7, 2022.

Market consultants mentioned that with an skilled administration workforce, clear roadmap, and resolution to an necessary cryptocurrency drawback, Cosmos has robust fundamentals.

The problem is that it is typically dangerous to purchase in instantly after a coin hits an all-time excessive, warned Kapoor. “Many speculative buyers could have simply pushed the value up within the hope of short-term beneficial properties.”

“I believe folks will need to rotate their Bitcoin or Ethereum into altcoins,” cautions Kompella, anticipating the Cosmos to witness a robust rally within the subsequent few weeks.



Source link

Tags: beatingCosmoscryptoHighslegsrallyscaleweakness
Share76Tweet47
kucoin-exchange

Related Posts

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

by cryptonews100_tggfrn
February 28, 2023
0

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC ...  David Gerard Source link

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

by cryptonews100_tggfrn
February 28, 2023
0

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says  Cointelegraph Source link

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes – CoinGape

by cryptonews100_tggfrn
February 28, 2023
0

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes  CoinGape Source link

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if… – AMBCrypto News

by cryptonews100_tggfrn
February 27, 2023
0

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if…  AMBCrypto News Source link

First Mover Asia: Solana in the Green After Weekend Deep Freeze – CoinDesk

by cryptonews100_tggfrn
February 27, 2023
0

First Mover Asia: Solana in the Green After Weekend Deep Freeze  CoinDesk Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

How Does Crypto Affect Your Credit Score?

How Does Crypto Affect Your Credit Score?

June 3, 2023

The web3 winter isn’t going to thaw anytime soon

June 3, 2023
Here’s how developers aim to store crypto inside NFTs

Here’s how developers aim to store crypto inside NFTs

June 3, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

Binance (60) Bitcoin (337) blockchain (58) BTC (68) Buy (40) Cardano (68) ChainLink (35) Classic (70) coin (47) CoinDesk (34) Cointelegraph (43) crypto (437) Cryptocurrencies (39) Cryptocurrency (85) Cryptos (56) DOGE (37) Dogecoin (75) Elon (36) ETH (50) Ethereum (146) FTX (45) gains (37) Heres (39) Inu (70) investors (54) LUNA (241) LUNC (43) market (132) MATIC (36) million (36) Network (52) News (127) Polkadot (36) POLYGON (40) prediction (74) price (246) SHIB (40) Shiba (71) Solana (60) Terra (283) Terras (34) top (76) trading (34) VeChain (39) XRP (50)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.