Cosmos (ATOM) Pops 6%: What’s Next?

For today, Cosmos (ATOM) token is making up $26.95 along with the 24 Hour Trading Vol of $2,058,136,54. During the last 24 hours, the price of the crypto has changed from $24.96 moving upwards on the chart to $26.87, making a 6% growth with the peak at $29.52. For the last week, the token’s highest point was at $29.41 with the lowest point at $19.32. Currently, ATOM Market Cap Rank is #27. It has a circulating supply of 278,933,706 when a market capitalization of $7,499,955,718.Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. In other words, Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Before Cosmos, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small number of transactions per second. Cosmos solves these problems with a new technology vision. In order to understand this vision, we need to go back to the fundamentals of blockchain technology.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.