Cosmos will imitate the design of another interoperability network, , by launching interchain security. In addition, crypto derivatives platform dYdX, which is presently built on Ethereum layer 2, said that for its v4 release, it will transition to a separate blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus. The decentralization and performance of the Cosmos blockchain make it a “best fit” for constructing for v4. The Cosmos(ATOM) price has recently made a significant recovery. Let’s take a look at the
ATOM Price Prediction
The ATOM price is currently around $7.66, which is its highest level since June 12th. From its lowest point, $5.54, it has increased by more than 40%. The price of has just made a fantastic comeback, as seen on the four-hour chart, but it was rejected at a significant resistance level at $8.60.
Even though Cosmos’ long-term trend is bearish, there is a chance that the it will continue to rise in the short future. If this occurs, $8.60 and $10.78 will be the next significant resistance levels to keep an eye on. If the ATOM* price drops below the $6.30 support level, the bullish outlook will be rendered invalid.
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