Cosmos [ATOM] It was included in the list of the best inter-blockchain communication protocol (IBC) projects on October 18. According to the existing data, ATOM’s weekly active users have bypassed all other cryptocurrencies to make up the list.
summit #IBC Project by active users per week 🔥
🥇 Atom dollar Tweet embed
🥈 OSMO dollars Tweet embed
🥉 EVMOS dollars Tweet embedCRO dollars Tweet embedLuna dollar Tweet embed #CroFam Tweet embedUMEE dollars Tweet embed$ SCRT Tweet embedErwan Dollar sifchainMNTL dollars Tweet embed#IBCGang # AstronautsTweet embed pic.twitter.com/uqUus958dQ
– Cosmos Daily ⚛️ (@CosmosATOMDaily) October 18 2022
Here AMBCryptos Predict prices for the universe (ATOM) for the year 2023-24
The IBC allows independent blockchain networks to directly connect and trade assets with each other. Therefore, this development has added a lot of value to the blockchain as it represents the capabilities of ATOM.
The coin’s price is also in line with this development as it posted a weekly gain of around 3%. according to CoinMarketCapThe price of ATOM at the time of publication was $12.45 with a market capitalization of $356,424,1363.
Several developments in the ecosystem have been the cherry on the cake and have suggested higher prices in the near future. For example, 17 new projects have been added recently Cosmos An ecosystem that looked very promising.
Alpha Google Sheet has been updated.
Check it out: https://t.co/KOpn45NUUQ
🧵 Total project: 290+ pic.twitter.com/vDgdB0Jb0S
– Airdrop Official🍥 (its_airdrop) October 17 2022
A sky full of universe…
In addition to the above developments, cornThe statistics also painted a bullish picture for the currency. Several metrics hinted at higher prices in the near future. For example, after recording a decrease, the volume of ATOM increased, and this was a bullish signal.
ATOM’s Binance funding rate has also seen an increase in recent days, indicating increased interest from the derivatives market. Not only that, but the social size of ATOM has also increased, representing the levels of popularity of ATOM within the crypto community.
However, not everything worked out for ATOM as development activity dropped dramatically, which is a caveat as it indicates less effort on the part of developers to improve the blockchain.
…and bears it seems
a look at cornThe daily chart revealed that the bulls and the bears are in for a fight. The Exponential Moving Average (EMA) range indicated a similar situation with the bears holding a slight advantage in the market. In addition, ATOM’s Relative Strength Index (RSI) stabilized below the neutral level.
However, other market indicators were positive and hinted at a price hike in the coming days. Moving Average Convergence Divergence (MACD) showed an attempt to make a bullish crossover. cornChaikin Money Flow (CMF) managed to cross the zero line, but was moving sideways at the time of publication.