Cosmos, a decentralized, peer-to-peer network that enables data exchanges between blockchains, was the front runner, as its atom token gained 23% on Thursday to stand at $40.38 at 06:13 a.m. ET.
ATOM was one of the biggest gainers in the overall cryptocurrency market strengthening by nearly 24% as investors cheered the news of China’s Evergrande committing to pay off its debt, and enjoying the support of interesting fundamental developments.
At the time of writing, ATOM/USD is trading around $39.82.
One of the key factors driving up the price of ATOM is the increased trading activity among investors.
There’s a steady uptick in Cosmos’s trading volume over the past one month and a corresponding increase in its price, barring the slight dip earlier this week when the overall mood in the crypto market had turned bearish.
For me, I’ve personally been piling in quite a lot of cash over the past couple weeks.
When we move from the fundamentals to the technical side of things you can see ATOM has formed a huge cup on the daily with price recently break above all time highs and then retest price to see if previous highs will act as support.
This is something you should keep on your watchlist.
I’m bullish.
- Factor Four
ATOM was one of the biggest gainers in the overall cryptocurrency market strengthening by nearly 24% as investors cheered the news of China’s Evergrande committing to pay off its debt, and enjoying the support of interesting fundamental developments.
At the time of writing, ATOM/USD is trading around $39.82.
One of the key factors driving up the price of ATOM is the increased trading activity among investors.
There’s a steady uptick in Cosmos’s trading volume over the past one month and a corresponding increase in its price, barring the slight dip earlier this week when the overall mood in the crypto market had turned bearish.
For me, I’ve personally been piling in quite a lot of cash over the past couple weeks.
When we move from the fundamentals to the technical side of things you can see ATOM has formed a huge cup on the daily with price recently break above all time highs and then retest price to see if previous highs will act as support.
This is something you should keep on your watchlist.
I’m bullish.
- Factor Four