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NewsBTC 2022-06-24 12:25:29

Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance?

The price of Cosmos (ATOM) has not been left behind by the present cryptocurrency rally. ATOM is currently trading at $7.66, its highest price since the middle of this month. Since its low point in June, the token’s value has increased by about 40 percent. ATOM is currently positioned to surpass $8.4 resistance, which may solidify a bullish trend. The token also reached its highest level in 11 days on Thursday, as prices increased for the fifth straight session. Since the broader crypto market has been in a sea of red recently, ATOM has followed suit. After a dismal 10-week weekend, though, buyers are observing some encouraging signs. Cosmos (ATOM) Hosts dydx On Its Platform A lot of attention has been paid to $ATOM with the revelation by dydx that they will be building their V4 blockchain on the Cosmos platform. Suggested Reading | Stepn GST Token Slides 97% – Despite Fitness App Having 3M Users In their disclosure, dydx praised Cosmos. They said that the V4 protocol’s most crucial characteristic is its total decentralization. The V4 protocol contains a fully decentralized, off-chain orderbook and matching engine. The Cosmos platform, according to dydx, allows them to expand to a substantially higher number of orders and cancellations per second. Cosmos is one of the largest and most significant blockchain-based platforms. It employs the Inter-Blockchain Communication (IBC) protocol to guarantee that differen...

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