Market capitalization: $1.62 billion
▶️ Cosmos is not just another blockchain, but a whole philosophy of sovereignty and modularity. The Inter-Blockchain Communication (IBC) protocol allows different blockchains to communicate with each other, opening new horizons for interaction in the crypto world.
What is happening now? 👀
🗣 ATOM protects the Cosmos Hub and serves as the foundation for hundreds of application-oriented blockchains.
🗣 The transition of large projects like dYdX to Cosmos strengthens the network's authority.
🗣 The tokenomics of ATOM raises some questions – inflation is around 8-10%, which is higher than many competitors.
🗣 TVL (Total Value Locked) in the Cosmos ecosystem exceeded $5 billion, indicating growing trust among developers and users.
🗣 The recent update of Cosmos SDK v0.50 added new capabilities for developers and improved the network's security.
🗣 Meanwhile, the newcomer Qubetics is attracting investor attention, promising to become the "next Cosmos", but for now, it's just promises.
Milestones for the deal: 🤑
📈 A rise above $4.10 will pave the way to $4.30.
📉 A drop below $3.95 could send it to $3.80.
Conclusion: Despite increasing competition, Cosmos remains one of the key players in the blockchain interoperability space. If you believe in the future of interconnected blockchains, ATOM is worth considering for a long-term portfolio.
