The native token of Cosmos, or the main competitor of Polkadot, made a pleasing decline towards support of the Weekly 50EMA.
Polkadot and Atom are both above-average-volatile cryptos & tend to cross their point of true valuation by quite some distance.
For as far as this token goes back in history, the 50-Weekly EMA shows good signs of support.
A volatile strong pullback of more than 50% after 42 days of continuous selling.
Cosmos is a decentralized network of independent parallel blockchains, each powered by their own BFT consensus algorithms like Tendermint consensus. ⛏️
Polkadot is a blockchain protocol that simplifies interoperability by bringing multiple blockchains into one network, the Parachain, sharing the same consensus. ⛏️
Polkadot is hovering over relatively the same area:
Both have the same mision: Interoperability.
In contrast to Cosmos, Polkadot uses Proof of Stake consensus where miners can be found at the heart of the network. In the future of blockchain, I believe that interoperability will be one of those longterm opportunities where money's at.
Interoperability is vital to connect ecosystems in the future. Other projects like Cardano are also building protocols serving this need but not to the same extent.
Out of all three, Cosmos is the one pulling Interoperability to the extremes, promising to support unlimited new blockhains and connecting them via Hubs.
And the advantages don't stop there. Shared security frameworks, modularity, performance and many more aspects are added value by this philosophy.
Both Polkadot and Atom look currently undervalued when relatively compared to the total altcoin market using the same indication:
Additional & interesting information on how Cosmos works can be found here: https://v1.cosmos.network/intro
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Polkadot and Atom are both above-average-volatile cryptos & tend to cross their point of true valuation by quite some distance.
For as far as this token goes back in history, the 50-Weekly EMA shows good signs of support.
A volatile strong pullback of more than 50% after 42 days of continuous selling.
Cosmos is a decentralized network of independent parallel blockchains, each powered by their own BFT consensus algorithms like Tendermint consensus. ⛏️
Polkadot is a blockchain protocol that simplifies interoperability by bringing multiple blockchains into one network, the Parachain, sharing the same consensus. ⛏️
Polkadot is hovering over relatively the same area:
Both have the same mision: Interoperability.
In contrast to Cosmos, Polkadot uses Proof of Stake consensus where miners can be found at the heart of the network. In the future of blockchain, I believe that interoperability will be one of those longterm opportunities where money's at.
Interoperability is vital to connect ecosystems in the future. Other projects like Cardano are also building protocols serving this need but not to the same extent.
Out of all three, Cosmos is the one pulling Interoperability to the extremes, promising to support unlimited new blockhains and connecting them via Hubs.
And the advantages don't stop there. Shared security frameworks, modularity, performance and many more aspects are added value by this philosophy.
Both Polkadot and Atom look currently undervalued when relatively compared to the total altcoin market using the same indication:
Enjoyed reading this article?
Follow me to stay on top of crypto and receive more informational crypto content like this in the future.
Thank you for reading and feel free to leave your thoughts in the comments below! 👋