Cosmos [ATOM] The focus of the Roadmap 2.0 and its report for the third quarter of 2022

Cosmos Gathered many investors Attention after being issued”Cosmos Hub Roadmap 2.0. “ Beyond that, its original code corn Show positive change in terms of total insured value (TVL), developer activity and total number of holders Third Quarter 2022.

Well, despite all these positive factors, corn The price was going down. Thus, indicating the possibility of Q4 not booming.


over here Predict AMBCrypto prices For Atom 2022-2023


Looking at the numbers

According to the post tweet Posted by Cosmos DailyaThe DeFi sector has been one of the main growth areas for the Cosmos ecosystem.

protocols like kava network, collected 291.2 million TVL. As you can see from the image below, the Kava network has grown exponentially over the past month.

Other protocols such as Osmosis zone and THORChain have raised $209 million and $105.85 million, respectively.

Source: DefiLama

Speaking of on-chain metrics, the number of cryptocurrency investors owning ATOM has consistently grown throughout the year. However, the number of transactions and their volumes did not increase much.

Source: Cosmos Daily

On the downside, ATOM’s volume has been steadily declining over the past month.

decreased by 80.03% in one month. Surprisingly, tThe market value also took a hit. It decreased by 01.5%. Notably, at the time of writing, ATOM has captured 0.38% of the total market.

There has also been a slowdown in development activity in the last month. This can be considered as a bearish signal by potential investors.

Source: feeling

After all the above developments, ATOM was trading at $12.95 at the time of writing. Its price has fallen by 12.71% in the last two weeks.

Notably, after testing the resistance level at $13.34, ATOM price started to show signs of pulling back. The RSI was at 49.07 indicating that the price momentum was skewed slightly towards the sellers.

Although the short-term future of $ATOM looks bearish, readers should consider Cosmos Cooperat And the Updates to keep up current situation.

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