Cosmos Struggles With $17 As Price Heads Into Distribution Phase
ATOM struggles to break $17 as the price gets rejected. The price of ATOM enters the distribution phase on a daily timeframe. ATOM’s price needs to hold the key support at $12 to maintain a bullish structure. Hidden bearish divergence resurfaces in the 4H timeframe. Cosmos (ATOM) has been the major player of the current relief bounce, with price rallying from a region of $6 to $17, with many paying so much attention to its ecosystem as this could prove to be a major player also in the bull run. The price of Cosmos (ATOM) showed so much strength, holding pretty well against tether....
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ATOM price struggles on high timeframes to trend higher despite showing bullish sentiment in recent times. ATOM trades below uptrend support as the price looks bearish with the current market state. The price of ATOM eyes key support as price trades below 50 and 200-day EMA. The price of Cosmos (ATOM) struggles to discover its bullish trend as the price breaks below uptrend support against tether (USDT). The previous weeks saw the crypto market cap looking good as prices of Bitcoin (BTC) and other crypto assets, including Cosmos (ATOM), showed so much strength as price rallied from a low....
After the emergence of Decentralized Finance, Non-fungible tokens erupted in the crypto space. The novel sector carried its frenzy wave for a long time before normalizing and continuing a gradual expansion. One of the notable coins from the NFT sector is ApeCoin. ApeCoin is built on Ethereum and connected to the Bored Ape Yacht Club NFT launched in 2021. At launch, only one billion ApeCoin tokens were created and fixed without plans of releasing more. Related Reading: Cosmos Struggles With $17 As Price Heads Into Distribution Phase During the launch, the team sold some tokens and reserved....
A revised vision of the Cosmos Hub is now expected to be on chain for voting on Oct. 31, after being originally scheduled for Oct. 3. An updated version of the Cosmos Hub white paper went live on October 29, with the community now set to vote on the document. According to the project, concerns related to the issuance model of Cosmos token (ATOM) were addressed in the new revision, among other issues. The paper's first version was published in September, proposing a redesigned Hub focused on strengthening interoperability and security, along with key changes to its token, with a new....
Blockchain development firm Adoriasoft has released a new SDK that will give Cosmos chains superpowers. Its Cosmos SDK Parachain Development Kit will enable any Cosmos chain to be deployed on Polkadot, opening up Cosmos projects to the Substrate ecosystem of interoperable networks. The ramifications of this move are significant, with the potential to suck Cosmos […]
ATOM's ascending triangle setup opens up the possibility for another major crash by June 2022. Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.Cosmos TVL down from $10M to $155KATOM's price increased by over 10% intraday to almost $12. The gains appeared as a part of a broader upside retracement that started on May 12 when it had fallen to its eleven-month low near $8. That marked around a 45% price recovery....