This is my take on the MyCryptoOutlook2022 blog contest and giveaway.
This post is not a financial advise!
As you have already noted the coin of my choice is Atom, Instead of giving a technical analysis of the coin, In this post I will discuss the coin and what the Cosmos ecosystem has to offer for the user.
Atom aka cosmos is the coin which powers the Cosmos ecosystem. At the time of this post it is traded at 26.07$ which is quite low compared to 44.45$ ATH. Which means it's a good time to buy. (not financial advise).
What kind of cool stuff can you do with ATOM?
Cosmos is a network of independent blockchains, all of these blockchains have their own coins and all of them can be exchanged on Osmosis. You have a couple of options with these coins. The first one is to stake them, the rewards are quite high compared to other coins and also stacking qualifies you for receiving airdrops (distribution of new coins, for FREE). The other option is to put your coins in the liquidity pool, the rewards there are extremely high, some of the pools also qualify you for airdrops. The third and last option is to use the coins as currency to trade or buy stuff. You can also participate in governance polls where you vote to shape the future of the ecosystem.
After all, I think that ATOM is a great coin that's worth keeping under your radar in 2022!
Shout out to Bityard!
https://www.bityard.com/en-US
