↝ Update on ATOM Coin's Recent Developments and Future Potential

In the cryptocurrency market, Cosmos widely known as ATOM, has seen a rollercoaster trend. ATOM token has shown signs of bearish trends with its price struggling near $4 and its steady weekly plunges. Despite an almost -50% Year-to-Date losses following a bearish trend, some experts predict a bullish turnaround. A notable incident was the major v17 update leading to a 4-hour Cosmos Hub downtime; however, it didn't impact the ATOM token much.

Recently, cosmos hub introduced a cross-chain protocol named Valence triggering an increase in its derivatives activity. Moreover, advancements in blockchain technology particularly the ATOM-based Qubetics Whitelist, bolster Cosmos' potential for further enhancing blockchain interoperability. Staking ATOM using Keplr Wallet is getting popular, and 'Portal to Bitcoin' for atomic swaps makes it more appealing. A hot topic was the inflation rate cut of ATOM, which has been positioned as a security boost. Although founders have proposed reducing ATOM's inflation, this reduction was later declined.

Cryptocurrencies like ATOM are grappling with class-action lawsuits like Atomic Wallet's and grappling with the aftermath of exchange shakedowns. However, ATOM's value has been predicted to reach $12.15 and is seen as a candidate for a breakout. Cryptocurrency analysts have recognized Cosmos for its robust fundamentals leading to a potential exponential surge amid the bearish trends, despite fears of an upcoming bear market.

ATOM Coin News Analytics from Fri, 04 Mar 2022 03:26:44 GMT to Wed, 23 Oct 2024 10:23:50 GMT - Rating 0 - Innovation 5 - Information 8 - Rumor -3