See Contact Page No Monday - Sunday 12 AM - 11:59 PM
    Crypto Basset Hound Cryptocurrency & Blockchain NEWS Aggregator & Syndicate

    Cosmos ATOM Also Loses Its Gains As Market Fluctuates Heavily

    000

    Cosmos ATOM Also Loses Its Gains As Market Fluctuates Heavily

    crypto basset hound

    ATOM remained an exception to the general downtrend of the crypto market for a couple of days as it continued to gain despite heavy price fluctuations of other tokens. The Ethereum Merge took place successfully on September 15th, marking a historic moment in the history of crypto. However, just as some analysts predicted, it did not result in a spike as optimists have forecasted. In fact, most cryptos, including ETH, and BTC, experienced a downturn at the same time. This confirmed the “Buy the rumor, sell the news” tag; crypto analysts conferred on the event in advance. Related Reading: XRP Price Rallied 7%, Is It Gearing To Test The Next Resistance? Nonetheless, one token continued to stand out amidst the bearish market trends, the native crypto of the Cosmos protocol. Despite the extreme market fluctuations, ATOM continued to glide upward, gaining up to 20% in 48hours. ATOM is trading below $16 at the time of writing, still above more than 10% of its pre-merge price of $14. The Cosmos native token has been experiencing its up and downs in an ever-ascending trendline, unlike the wider market. ATOM Gains Were Due To IBC and Staking Opportunities The recent gains lead back to the influx of protocols migrating to the Cosmos blockchain. After the crash of the Terra ecosystem, several projects rebuilt their operations on Cosmos Hub. Consequently, each project adds value to ATOM by participating in the inter-blockchain security system IBC. Cosmos also offers staking opportunities with a lucrative APY of close to 18%. Furthermore, the network is introducing different utilities into its ecosystem, which will increase the value of ATOM going forward. One of these is the liquidity staking the protocol is ready to launch. Additionally, protocols on Cosmos are preparing to launch their own stablecoins, with ATOM most likely the primary assets for minting. Recent Macroeconomic Events Contribute to Increased Market Volatility Meanwhile, recent macroeconomic events have increased bearish pressure on the digital assets market. As cryptos struggle to breach various price barriers and flip bullish, these factors bear down, causing the assets to fluctuate. Events like the recent release of the August inflation data reveal the continued rise of inflation. Related Reading: Chiliz (CHZ) Could Be Set For A Hot Streak With This Data Ethereum, for instance, has been rising and falling within the $1,700 and $1,500 range in the past seven days. Its volatility curve has been on a downward trend for the past week. The second largest crypto by market cap is down 11% since the Merge. ETH is currently trading below $1,500. As for Bitcoin, the crypto dropped below the $21,000 zero mark on Thursday in response to the Tuesday inflation data release. The first coin has been trading inconsistently within the range of $19,000 to $23,000. BTC is trading at above $20,000 at the time of writing. Featured image from Pixabay and chart from TradingView.com

    MORE ...

    Cosmos Touches Highest Point Since May As ATOM Expands 25%

    000

    Cosmos Touches Highest Point Since May As ATOM Expands 25%

    crypto basset hound

    Cosmos (ATOM) has managed to soar by 25% which is considered its highest point since the coin traded at around $15.70 on May 8. ATOM’s trading volume spikes by 89% in past 24 hours Cosmos’ NFT volume surged to $778,000 as seen on September 7 Cosmos 2.0 triggers 40% price pump for ATOM Even though the recent figures are far from ATOM’s ATH seen at $44.45, the latest developments seem to have revived investor trust and confidence. ATOM’s trading volume has also increased by 89% in the past 24 hours. However, ATOM’s dilemma is how to rally by taking the lead from the crypto king, Bitcoin (BTC). Based on ATOM’s on-chain metrics, it seems that there is no disparity between the negative and positive sentiments. It shows a balance with only a little difference spotted at 0.188, with the positive sentiment being 9.531. The negative sentiment remains at 9.413. NFT volume for Cosmos has spiked to $778,000 as observed on September 7.   Related Reading: Crypto Words ‘Metaverse’ And ‘Altcoin’ Get Spot In Merriam-Webster Dictionary – Yeet! 5 Unique Wallet Addresses Buy ATOM NFTs The unique wallet addresses that purchased ATOM NFTs increased to five. On the other hand, both these metrics decreased while ATOM was in its glory in price hikes. More so, total NFT volume has nosedived to roughly $223,000 a few days ago, and at that time, the unique wallet addresses were limited to two. Judging by the four-hour chart of ATOM/USDT, the coin may hover in the green lane for the short term. This assumption was validated by ATOM’s 20 EMA going over the 50 EMA.   In the long term, the 200 EMA has shown that ATOM could retrace and register new lows in the coming months as it sits far from the short-term indicators. Further, ATOM investors and holders need to carefully watch out for any changes in volatility. ATOM’s Bollinger Bands revealed that the token’s price increase has been precipitated by an uptick in volatility. With that in mind, it would be wise for investors to anticipate a downturn and play their cards right. Cosmos 2.0 Rolls Out September 28 Cosmos’ development activity has also spiked after the blockchain company has announced plans of blockchain update. Cosmos 2.0 is looming and as such, this has pumped up ATOM’s price by 40%. Frens Validator team, a passionate and supportive community of ATOM revealed the unfolding of important Cosmos developments in 2022. Frens Validator team has posted an announcement via Twitter regarding the Cosmos 2.0 design which will soon be rolled out on September 28 in Medellin, Colombia. The Cosmoverse 2022 is dubbed to be the biggest Cosmos event for Web3 developers, contributors, entrepreneurs, investors, and DApps owners. The Cosmos 2.0 is designed to enhance the overall architecture and functionality of Cosmos (ATOM). These developments have triggered the surge of ATOM price from September 7 to 8, shooting from $12.3 to $17.5 in less than two days. Related Reading: Why Dogecoin Co-Creator Is Accusing Mark Cuban Of Scamming Investors ATOM total market cap at $4.5 billion on the daily chart | Source: TradingView.com Featured image from UseTheBitcoin, chart from TradingView.com

    MORE ...

    Crypto exchange AscendEX adds new leveraged tokens: OP, SOL, FTM, SHIB, ATOM, SAND, PEOPLE

    AscendEX

    Crypto exchange AscendEX adds new leveraged tokens: OP, SOL, FTM, SHIB, ATOM, SAND, PEOPLE

    crypto basset hound

    AscendEX, a full-stack cryptocurrency exchange platform, has informed completing the addition of 7 new leveraged tokens for trading: OP, SOL, FTM, SHIB, ATOM, SAND, and PEOPLE. Check below for details of the new tokens: Leveraged Token 3X Leverage Long 5X Leverage Long 3X Leverage Short 5X Leverage Short OP OP3L/USDT – OP3S/USDT – SOL SOL3L/USDT […]

    The post Crypto exchange AscendEX adds new leveraged tokens: OP, SOL, FTM, SHIB, ATOM, SAND, PEOPLE appeared first on CryptoNinjas.

    MORE ...

    Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

    2021

    Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

    crypto basset hound

    The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion. ATOM, the token that fuels the Cosmos blockchain network, has been gaining a lot of traction with an increase of over 12.7% overnight. Currently, ATOM is trading at the price point of $11.45. Suggested Reading | Avalanche Crumbles More Than 16% As Crypto Landslide Continues ATOM Remains In Bear Territory  Even though the charts have been looking bullish, ATOM is still at a bearish stance with trades that plummeted by 74% compared to its all-time high record of $44.70 in September 2021. There has been a noticeable spike in ATOM’s trading volume that is evident in multiple exchanges. The total trading volume is at roughly $327 million in the past 24 hours, which is up by 11% in comparison to the previous day. What Is Cosmos? Cosmos refers to a decentralized network of blockchains that runs using the power of Byzantine Fault Tolerance (BFT) algorithms. More so, Cosmos also enables developers to create and innovate their own blockchains plus allows Blockchains that run on Cosmos to freely interact or engage with one another. Some of the major blockchains that run in the Cosmos are the Terra, Kadena, and Thorchain. Developer Incentives Following Terra’s Demise Injective, a decentralized blockchain that is focused on the development of decentralized Finance (DeFi) applications, has designed a proposal to create incentives for developers who were negatively impacted by the downfall of Terra. Injective is also responsible for the adaptation of the Ethereum compatibility and bringing it to the Cosmos IBC ecosystem which has immensely helped Terra developers to build applications fast with the aid of familiar tools. ATOM total market cap at $3.16 billion on the weekend chart | Source: TradingView.com The Injective proposal was created on May 12 following the downfall of Terra at which developers started to look for opportunities to build projects elsewhere. The proposal was passed with a convincing 99% agreement with the initiative in a matter of four days. The entire injective community was in unison when they decided to redirect the incentives just to make sure that Terra dApps will have enough resources to facilitate a smooth transition into joining Injective. Further, CosmWasm, Injective’s up-and-coming smart contract layer is seen to power up Terra projects to enable speedy onboarding without the need to rewrite codes which could happen if they decided to transfer to other blockchains. Suggested Reading | Ripple (XRP) Struggles To Breach $0.45 Level, Down 16% In Last 7 Days Cosmos Network Performing Well There are nearly 50 tokens and 28 InterBlockchain Communication (IBC)-enabled blockchains that are running in the Cosmos. More so, there are also around 265 services and apps that power up the Cosmos ecosystem comprising wallets, blockchains, and explorers. Kadena TVL was up by 18% or $7.2 million in just 24 hours. TVL of Cronos soared by 2.16% or $2.32 billion in the past 24 hours. Tokens in the cosmos plus DeFi activities have been performing extremely well. Meanwhile, the king of crypto have improved in-market performance. Bitcoin is up by 4% in a matter of 24 hours and is now trading at $30,187. Ethereum has also increased by 4.4% overnight with a current TVL of $2,026. Featured image from Zipmex, chart from TradingView.com

    MORE ...

    FEDS Paper: The Anatomy of Single-Digit Inflation in the 1960s

    Analysis

    FEDS Paper: The Anatomy of Single-Digit Inflation in the 1960s

    crypto basset hound

    Jeremy B. Rudd

    Recently, the experience of the 1960s—when the U.S. inflation rate rose rapidly and persistently over a comparatively short period—has been invoked as a cautionary tale for the present. An analysis of this period indicates that the inflation regime that prevailed in the 1960s was different in several key regards from the one that prevailed on the eve of the pandemic. Hence, there are few useable lessons to be drawn from this experience, save that monetary policymaking remains a difficult undertaking.

    MORE ...

    What is Interchain Security and why is it so important to the Cosmos (ATOM) ecosystem?

    ATOM

    What is Interchain Security and why is it so important to the Cosmos (ATOM) ecosystem?

    Informal Systems, a development company building on Cosmos, published the first preview of the newest shared security model to be added to the Cosmos ecosystem.

    The post What is Interchain Security and why is it so important to the Cosmos (ATOM) ecosystem? appeared first on CryptoSlate.

    MORE ...

    Kirobo launches ‘Atomic Safe Swap’ to eliminate the risk of human error for P2P exchange

    Adoption

    Kirobo launches ‘Atomic Safe Swap’ to eliminate the risk of human error for P2P exchange

    crypto basset hound

    Kirobo, a blockchain company with a mission to simplify cryptocurrency management, has launched its new ‘Atomic Safe Swap’ service; enabling peer-to-peer (P2P) token swaps without the risk of human error and without the need for an exchange or custodial third party. Comprising a logic layer built on the Ethereum blockchain, the solution facilitates simultaneous token […]

    The post Kirobo launches ‘Atomic Safe Swap’ to eliminate the risk of human error for P2P exchange appeared first on CryptoNinjas.

    MORE ...

    COMIT Network makes Monero / Bitcoin atomic swaps available on mainnet

    000

    COMIT Network makes Monero / Bitcoin atomic swaps available on mainnet

    crypto basset hound

    COMIT Network, an open protocol facilitating ‘trustless’ cross-blockchain applications, has announced that peer-to-peer atomic swaps between Monero (XMR) and Bitcoin (BTC) are now available on mainnet. This allows users to trade XMR for BTC without needing to trust an intermediary or the trading counterparty. Users can more easily trade without using a regulated financial institution. […]

    The post COMIT Network makes Monero / Bitcoin atomic swaps available on mainnet appeared first on CryptoNinjas.

    MORE ...