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Cosmos {ATOM} houses the most optimal environment for DeFi and experimenting developers

Bitcoin

Cosmos is ranked at #20 in the market. The trading volume recorded stands at approximately $142.902 million, whereas supply has 190,688,439 ATOM coins in play for now. The total market cap of Cosmos is $555.527 million as of this instant. The price surged at a rate of 9.66% in the course of the past 24-hours; this brought $ATOM all the way up to $2.91 where it currently holds.

According to the candlestick chart linked to the ATOM/USDT pair on tradingview [based on the data obtained from the Binance Exchange], buyers have taken over this major digital currency. From 5th October onwards, the MACD line began prancing above the signal line, causing the green histogram to progress steadily. The daily RSI [for 14 periods] is at 57.04 which signifies that ATOM is deeply immersed within the neutral zone, and it may reach overbought territory by next week.

The peaks tied to the Awesome Oscillator formed post-29th September have all been green. The one associated with today has landed atop the zero line, indicating the rising number of buyers. Up next, resistance may be felt adjacent to the $3.296 mark, and support lies near the $2.418 level.

In spite of being a relatively new project, Cosmos has quickly risen through the ranks due to features associated with interoperability and scalability. The CEO of ShapeShift.io seems to set on his path and may soon endorse Cosmos [Erik opposes maximalism and welcomes projects with revolutionary ideas. Such an example would be the link between many zones and a single hub].

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.