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Cosmos (ATOM): Price Updates, Recent Developments, Future Events, Community

Cosmos, the internet of blockchains, has seen a surge in the popularity of its project Amidst the market correction, Cosmos (ATOM) flew to a new all-time high of $44.7 The...
Cosmos (ATOM): Price Updates, Recent Developments, Future Events, Community Cosmos (ATOM): Price Updates, Recent Developments, Future Events, Community

  • Cosmos, the internet of blockchains, has seen a surge in the popularity of its project
  • Amidst the market correction, Cosmos (ATOM) flew to a new all-time high of $44.7
  • The interconnected economy is now home to more than 250 apps and services, including the latest launch of Desmos
  • To expand its ecosystem, Cosmos has announced Interchain Security, the solution to shared networks

Cosmos refers to itself as the internet of blockchains and the interconnected economy of the future. The project focuses on building an open, scalable, and interoperable network for projects. There are currently over 250 apps and projects on the network.

The project has excelled specifically in its interoperability feature, which gives it more promise in the rising DeFi space. So, what is the drive behind Cosmos’ growing popularity?

Price Updates

Amidst a bearish market, Cosmos (ATOM) reached a new all-time high of $44.7. While the majority of the crypto market has struggled over the past week, Cosmos has rallied by almost 30% and over 80% in the last 30 days.

The 30-day price chart of Cosmos (ATOM). Source: Tradingview

However, after a strong rally comes correction. Over the last 24 hours, ATOM has dropped by more than 20%. ATOM now trades at $35.166. As a result, Cosmos now has a market cap of $7.84 billion, which makes it the 22nd largest crypto.

The 24-hour price chart of Cosmos (ATOM). Source: Tradingview

Recent Developments and Future Events

Cosmos was recently featured on the September 19 edition of New to the Street, a television show that profiles public companies, advertises and markets their products and services, and provides business news.

Also on the show were Peng Zhong, the CEO of Tendermint, and Ben Armstrong of BitBoy Crypto. Both parties come together via W3BT: Web 3.0 Blockchain Transition to discuss with New to The Street host Jane King the successes at Cosmos and why the DeFi interoperability platform works.

Cosmos recently completed the launch of Desmos, an advanced graphing calculator implemented as a web application and a mobile application on its mainnet.

While Cosmonauts are greatly excited about the launch of Desmos, there is more to be excited about in the future. Cosmos has announced a rather ambitious project, Interchain Security, as the solution to shared security.

Miners secure Proof-of-Work (PoW) blockchains; the higher the hash rate, the more difficult it is for an attack. For Proof-of-Stake (PoS) networks, the more value staked in a network, the more secure the network.

For smaller and emerging chains with few resources, there is an already existing problem of security. Interchain Security solves this problem by allowing larger chains to share their security by lending capital to validate blocks on the smaller chain.

Interchain Security is currently being developed by Cosmos, with the focus now on cross-chain validation and the IBC application-level logic required for interchain security. Cosmos has announced Q4 of 2021 as the expected date for the first roll-out on its testnet.

The Cosmos Team is discussing the future of the network at #MainNet Launch 2021. The event started on September 20 and runs until September 22.

On The Flipside

  • While ATOM has slumped in the market, there are exciting predictions about the future.
  • The Cosmos network has been deemed invaluable because it allows different blockchains to communicate in a decentralized fashion.
  • As the Cosmos Network expands, ATOM has been predicted to be a game-changer for the crypto industry.

Community

Members of the Cosmos community are fondly referred to as Cosmonauts. Cosmos has built a strong community thanks to community involvement and constant updates on the project’s progress.

For example, Cosmos hosted a video contest in September, challenging Cosmonauts to use their creativity to produce high-quality educational videos aimed at new community members.

In addition, the DailyCoin team found that Cosmonauts tend to be firm believers in the project. However, as it is with most promising projects, some supporters are in just for the moon.

At the announcement of Interchain Security, @postingpaint wrote;

Another user, @granadeiro_luis, wrote;

Another Twitter (NYSE:TWTR) user, @BucinanG, wrote;

Why You Should Care?

At the end of August, Cosmos launched its mainnet, Desmos, a decentralized social network used for developing user-centric social networks. Since then, Cosmos has received massive attention. The Cosmos ecosystem already supports more than 250 apps and services and is ranked as one of the most promising projects.

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29-03-2024 08:51:42 (UTC+7)

EUR/USD

1.0779

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/USD

1.0779

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

GBP/USD

1.2624

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (0)

USD/JPY

151.37

-0.01 (-0.00%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (0)

AUD/USD

0.6515

0.0000 (0.00%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (0)

USD/CAD

1.3540

+0.0001 (+0.01%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (2)

EUR/JPY

163.13

-0.12 (-0.07%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (1)

Sell (7)

EUR/CHF

0.9722

-0.0005 (-0.05%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (1)

Sell (8)

Gold Futures

2,254.80

-0.10 (0.00%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (5)

Sell (1)

Silver Futures

25.100

+0.002 (+0.01%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (9)

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Copper Futures

4.0115

-0.0003 (-0.01%)

Summary

↑ Buy

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Sell (1)

Indicators:

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

Summary

↑ Buy

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Indicators:

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Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

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Indicators:

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Natural Gas Futures

1.752

+0.034 (+1.98%)

Summary

↑ Sell

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Indicators:

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US Coffee C Futures

188.53

-2.12 (-1.11%)

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↑ Sell

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Sell (12)

Indicators:

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Sell (9)

Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

Summary

↑ Sell

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Sell (12)

Indicators:

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Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

Summary

↑ Sell

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Indicators:

Buy (3)

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DAX

18,504.51

+27.42 (+0.15%)

Summary

↑ Buy

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Indicators:

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FTSE 100

7,952.62

+20.64 (+0.26%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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Sell (10)

Hang Seng

16,541.42

+148.58 (+0.91%)

Summary

Neutral

Moving Avg:

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Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

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Sell (12)

Indicators:

Buy (5)

Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

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Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

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Sell (3)

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Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

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Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

Summary

↑ Buy

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Adidas AG

207.00

+2.30 (+1.12%)

Summary

↑ Buy

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Indicators:

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Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

Summary

↑ Sell

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Sell (8)

Indicators:

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Siemens AG Class N

176.96

+0.04 (+0.02%)

Summary

↑ Buy

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Indicators:

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Deutsche Bank AG

14.582

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (7)

Sell (1)

 EUR/USD1.0779↑ Sell
 GBP/USD1.2624↑ Buy
 USD/JPY151.37Buy
 AUD/USD0.6515Neutral
 USD/CAD1.3540Buy
 EUR/JPY163.13↑ Sell
 EUR/CHF0.9722↑ Sell
 Gold2,254.80↑ Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,930/ 8,100
(50/ 50) # 1,387
SJC HCM7,950/ 8,150
(50/ 50) # 1,437
SJC Hanoi7,950/ 8,152
(50/ 50) # 1,439
SJC Danang7,950/ 8,152
(50/ 50) # 1,439
SJC Nhatrang7,950/ 8,152
(50/ 50) # 1,439
SJC Cantho7,950/ 8,152
(50/ 50) # 1,439
Cập nhật 29-03-2024 08:51:44
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ↀ Giá vàng thế giới
$2,232.75+41.731.90%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.590,0024.960,00
EUR26.048,1827.477,49
GBP30.475,6931.772,32
JPY158,73168,01
KRW15,8919,26
Cập nhật lúc 08:47:16 29/03/2024
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