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Tag: ATOM

  • Gravity Dex on Cosmos Changes Name and Moves Chain

    Gravity Dex on Cosmos Changes Name and Moves Chain

    With more money pouring into the blockchain Cosmos (ATOM) association, various players are scrambling to position themselves as the climate’s top objective (DeFi).

    According to B-Harvest, the project’s planner, Gravity DEX, which was previously shown on the Cosmos Center blockchain, is relaunching as Crescent (CRE) and relocating to another Cosmos-based blockchain of the same name.

    B-Harvest intends to completely research the stage with a set of new highlights, such as contraptions for advancing and getting across blockchains, and then another sales book DEX model, after relaunching to Crescent and moving to the eponymous Crescent affiliation.

    B-Harvest rose to prominence as one of the first validators for the proof-of-stake Cosmos Hub blockchain. Cosmos Hub was the first blockchain to launch on the Cosmos environment – a social gathering of blockchains serving various use-cases and meticulously expected to interoperate.

    Gravity DEX was B-attempt Harvest’s to carve out a more significant position for itself inside Cosmos’ developing DeFi natural framework. The Gravity DEX show currently controls Cosmos Hub’s Emeris DeFi stage, which launched in beta in the early summer of 2021 and, as of press time, has less than $5 million in liquidity pools, as indicated by its dashboards.

    Ignite (previously Tendermint), the partnership behind Emeris, purchased B-Harvest last year and told CoinDesk that it intends to work out assistance for Crescent after it launches on April 14.

    Gravity, B-legacy Harvest’s show, will remain operational after Crescent departs, but Crescent will offer clients creating grants to entice them to transfer their liquidity to the new show.

    Cosmos DeFi Bow and Emeris wish to establish themselves as the primary DeFi objective inside the Cosmos environment, however Gravity DEX (and Emeris) have so far attempted to attract the same sort of interest as Osmosis (OSMO), another Cosmos-based DEX with $1.5 billion in outright worth locked (TVL), as indicated by Defi Llama.

    B-Harvest CEO Hyung Yeon Lee told CoinDesk that building Crescent on a new blockchain – rather than the more “moderate” Cosmos Hub – will enable the social occasion to work out more “imaginative” highlights, for example, a requesting book trade and cross-chain crediting, positioning the endeavour to bite off a bigger piece of the Cosmos DeFi pie.

  • Cosmos (ATOM) declines 15.38% today – What Now?

    Cosmos (ATOM) declines 15.38% today – What Now?

    At the time of writing ATOM is being traded at the rate of $25.91 with a decrease of 15.38% within the last 24 hours.

    The low within this tenure was around $25.84 and the high was approximately $31.27. The coin as being in the watchlist of many traders makes it rank all the way up to number 30th according to the latest data released by coin market cap.

    ATOM made its all-time high in the month of September 2021 where it reached an enormous amount of $44.80. At the moment it has a daily volume of $841,821,852 with an increase of 122.96% within the last 24 hours. The circulating supply of the coin is now around 225M and the maximum supply is 283M. ATOM has a dominance of 0.26%.

    The top exchanges for trading ATOM are currently KuCoin, Gate.io, Binance, Hotbit.

    Technical Analysis – Cosmos

    Cosmos (ATOM) has been one of the most highly bullish coins in the market. The fundamentals are super strong for this which would eventually lead the price in the three digits.

    ATOM has broken down the structure and is falling now. The price when broke down started to make a double bottom. The candle today is highly momentous and we have seen a solid increase of 20% in the price up till now.

    ATOM - 1D

    Now there are two possible price movements. The price when it dropped down created an order block which can drive the price upwards (which it has).

    Now ATOM can touch the order block. When it does we should be on the lookout for additional confluences. If the price becomes stable above this level, we can expect it to increase in price and reach new heights. If the price rejects from this level we can look for a possible short that will lead us to below the last lower low.

    Price Prediction – Cosmos (ATOM)

    In the long run, ATOM is a highly good opportunity. In August ATOM was being traded at the price of around $12 and now it has nearly tripled. According to the wallet investor, the price of ATOM is to reach a value of $50.504 in a year. For a five-year plan, the price will reach a value of $143.553. The way the price of ATOM has grown, the traders are even more bullish on the value and they think that it will reach even more.

  • Cosmos (ATOM) – Time to Retrace a Bit?

    Cosmos (ATOM) – Time to Retrace a Bit?

    The native token of the Cosmos Ecosystem is ATOM.

    At the time of writing ATOM is being traded at the price of $29.95. The price of ATOM has decreased by almost 7.62% in the past 24 hours. The maximum and minimum of the day are around $32.82 and $29.32. The daily trading volume has also decreased by almost 33.59% in one day. ATOM is listed on coinmarketcap at 33rd spot according to market capital and has a market dominance of about 0.26%. It created its all-time high in the month of September 2021 and reached a value of $44.80.

    ATOM has a total supply of around 282M tokens and has a circulating supply of around 225M coins. ATOM can be traded at a lot of different exchanges such as Binance, OKEx, Huobi with different trading pairs.

    Technical Analysis- Cosmos (ATOM)

    On the daily time frame, we can see how the price of Atom was reacting before the break of structure. It was clearly facing resistance from the trend line. Soon it broke above but it wasn’t for long before the price broke structure again after facing strong resistance from a zone. It nearly touched its time high but the price quickly dropped down.

    Cosmos (ATOM) -1D

    During the break of structure, the price of ATOM created an order block which resulted in the drop of the price. The price mitigated the order block again and as a result of the reaction it faced, it quickly dropped down again. Now the only unmitigated order block lies below which can drop the price down. If a clear break above is not observed and the price doesn’t go above the order block we can expect it to drop to a level of $20. From there we can expect a possible long to the price of $28.

    But if the price regains the momentum and captures the level again, we can expect the price to go and try to touch the $40’s again.

    Price Prediction – Cosmos (ATOM)

    ATOM is one of the most successful ecosystems in the market. Its market cap is evidence of how successful the project is and as a result, it is considered a good investment. According to the wallet investor, ATOM is expected to reach a value of $0.185 in one year. In five years ATOM is expected to reach almost $0.448. But investors think that the price will go much higher than the one which is expected.