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Trust Wallet finalizes Cosmos {ATOM} staking integration; unexpected bull-run ends at #19

Bitcoin

As you can understand from the title, Cosmos is positioned at #19 under IOTA but above Tezos in the market. The price soared at a rate of 2% in the course of the past 24-hours. The trading volume recorded is $184.007 million, while the supply has 190,688,439 ATOM coins involved in circulation. Currently, the total market cap of Cosmos is $669.716 million. ATOM is priced at $3.51 for now.

According to the data obtained from the ATOM/USDT candlestick chart on tradingview, the digital currency is marginally away from being overbought. The daily RSI [for 14 periods] rests at 68.83 and may head north of 70 in a bit. The final 5 peaks tied to the Awesome Oscillator [since 12th of Septembe] have all been green, pointing to bullish momentum steering through.

$3.905 is where the asset might encounter stiff resistance if the next target is $4. Support lies near the $1.853 level. However, the Ichimoku Cloud [between lead 1 and lead 2] hasn’t left the red zone yet. The MACD line has also been securely moving above the signal line, allowing the histogram to remain green. Amongst the top 30 projects, Cosmos was one of the most bullish ones, which helped it gain back a huge amount of the lost value.

Musa is the Chief Technological Officer of Zentachain. Cosmos aims to promote harmony in the blockchain community; as their primary goal is to create a successful “internet of blockchains” that will withstand the test of time [and hack-attacks]. Interoperability and scalability are the key areas of focus for Jae Kwon and the rest of his team.

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.