Cosmos ATOM/USD was created with the intention of enabling the event of a community of cryptocurrency networks which are all united by an open-source device for streamlining their transactions.
On July 13, the governance proposal for the adoption of the Gravity DEX protocol on the Cosmos Hub handed. This led to a variety of hype surrounding Cosmos, as supporters flooded with their ATOM tokens.
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On July 19, Grayscale said that they’ve been contemplating working particular person trusts for DeFi tokens, one in every of which is Cosmos (ATOM). This might result in a rise within the utilization of the token, and as such, improve its demand in addition to circulating provide which might result in a heightened worth.
On July 22 we noticed an announcement that The Band Oracle has been built-in into Cosmos via Starport, which leads it in direction of the additional realization of the web of blockchains.
With this implementation in Starport, the Cosmos blockchain growth device, newly created chains will have the ability to alternate feeds of several types of information via utilizing an oracle in addition to the Cosmos interoperability normal, the Inter-Blockchain Communication Protocol (IBC). In different phrases, any developer that builds a sequence utilizing Starport can add a data-query perform from an oracle.
Which means we’ll see a variety of exercise on the Cosmos blockchain sooner or later, and because of this, the ATOM token demand will improve and we will anticipate a rise in its worth.
Do you have to spend money on Cosmos (ATOM)?
On July 22, ATOM was $11.
To get a perspective as to how excessive the ATOM token has gone up in worth all through its historical past, we will have a look at its all-time excessive worth of $31.70 that occurred on Could 7. This offers us a perspective on the utmost potential for development the token might need within the close to future.
That being the case, to get a extra lifelike image, we’ll be analyzing the month of June.
ATOM noticed its highest level on June 3 with a worth of $16.46 and its lowest level on June 22 with a worth of $8.80.
This offers us a sign that the token can drop, or increase its worth by double its unique worth. In different phrases, it’s now circulating on the $9 to $11 mark, which signifies that it has the potential to double that within the close to future.
With its latest integration via Starport, we’ll see a variety of new developments surrounding Cosmos and as such, this can result in a heightened exercise on the Cosmos Hub.
In actual fact, within the final 24 hours, it noticed a rise in its buying and selling quantity by 17%.
it from an optimistic standpoint, on the $11 worth level ATOM is a worthwhile funding as it’s anticipated to rise to $15 in worth by the tip of July.
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