Cosmos [ATOM] made it to the checklist of high inter-blockchain communication (IBC) protocol initiatives as of 18 October. In keeping with the information at hand, ATOM’s weekly energetic customers surpassed all different cryptocurrencies that made it to the checklist.
Prime #IBC Tasks by Weekly Energetic Customers 🔥
🥇 $ATOM @cosmos
🥈 $OSMO @osmosiszone
🥉 $EVMOS @EvmosOrg$CRO @cronos_chain$LUNA @terra_money #CroFam @cryptocom$UMEE @Umee_CrossChain$SCRT @SecretNetwork$EROWAN @sifchain$MNTL @AssetMantle#IBCGang #Cosmonauts@MapOfZones pic.twitter.com/uqUus958dQ— Cosmos Every day ⚛️ (@CosmosATOMDaily) October 18, 2022
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Right here’s AMBCrypto’s Value Prediction for Cosmos (ATOM) for 2023-24
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The IBC permits unbiased blockchains to instantly talk and commerce belongings with one another. Due to this fact, this improvement added a lot worth to the blockchain because it represented the capabilities of ATOM.
The token’s value additionally corresponded to this improvement because it registered almost 3% weekly features. In keeping with CoinMarketCap, ATOM’s press time value was $12.45 with a market capitalization of $3,564,241,363.
A number of developments additionally within the ecosystem acted because the cherry on the cake and advised a value surge within the close to future. For instance, 17 new initiatives had been not too long ago added to the Cosmos ecosystem, which appeared fairly promising.
Alpha Google Sheet Has Been Up to date.
Test it out: https://t.co/KOpn45NUUQ
Added Updates:
➕ 17 New Cosmos $ATOM Ecosystem Tasks.
➕ 30 New Tasks With out Tokens.
➕ 29 Early Stage Tasks on the $APT Ecosystem.🧵Complete Tasks: 290+ pic.twitter.com/vDgdB0Jb0S
— Airdrop Official🍥 (@its_airdrop) October 17, 2022
A sky filled with Cosmos…
Along with the aforementioned developments, ATOM’s metrics additionally painted a bullish image for the coin. A number of metrics advised a value surge within the close to future. For example, after registering a decline, ATOM’s quantity went up, which was a bullish sign.
ATOM’s Binance funding fee additionally witnessed a surge in the previous few days, thus indicating greater curiosity from the derivatives market. Not solely this, however ATOM’s social quantity additionally spiked, representing ATOM’s reputation ranges inside the crypto group.
Nevertheless, not every little thing was working in ATOM’s favor as its improvement exercise went down significantly, which is a crimson sign because it signifies much less effort from the builders in enhancing the blockchain.
… and bears apparently
A have a look at ATOM’s every day chart revealed that the bulls and the bears had been preventing a battle. The Exponential Transferring Common (EMA) Ribbon indicated an identical state of affairs with the bears having a slight edge out there. Furthermore, ATOM’s Relative Energy Index (RSI) rested under the impartial place.
Nonetheless, different market indicators had been constructive and advised a value surge within the coming days. The Transferring Common Convergence Divergence (MACD) displayed an try and make a bullish crossover. ATOM’s Chaikin Cash Movement (CMF) did handle to cross the zero line, however moved sideways at press time.