↘ ATOM Coin: The Turbulence And Potential Breakout

In recent times, there has been a significant amount of news surrounding the Cosmos (ATOM) cryptocurrency. Predictions for 2025 suggest a challenging path for ATOM to regain its former glory. The SEC has broadened its lawsuit with Binance and designates ATOM as a security now. ATOM's year-to-date losses near 50%, impacting the Cosmos ecosystem negatively. Despite the losses, ATOM joins TRON (TRX) and Rollblock (RBLK) as the top altcoins to purchase on the Bitcoin dip. Cosmos Hub launches a new cross-chain protocol named Valence, promising to enhance interoperability.

A significant v17 update caused a 4-hour downtime for Cosmos Hub, but ATOM remained stable during the period. While bullish indicators suggest a potential rally for ATOM, Messari's analysis on Cosmos blockchain state offers potentially bearish insight. In response to the underwhelming performance, Cosmos developers propose reducing ATOM's inflation rate. Raboo is soaring past ATOM, causing further concerns. The launch of StakeVault.Network's validator services for ATOM among others could ease some investor concerns.

There's a new utility for ATOM in NFTs, Stargaze, and an imminent airdrop for Toncoin (TON). Toncoin and Cosmos show resilience amidst Qubetics' $1 Million first-day pre-sale. ATOM derivatives' activity surges amid its bearish trend while ATOM price struggles near $4. Meanwhile, ATOM is showing some signs of a possible breakout, with a target price of $12.15. Forecast for ATOM recovery by 2024-2030 seems unclear at the moment as investments soar for rival cryptos.

ATOM Coin News Analytics from Sun, 26 Sep 2021 07:00:00 GMT to Thu, 07 Nov 2024 10:05:57 GMT - Rating -2 - Innovation -4 - Information 2 - Rumor -6