Cosmos (ATOM) Soars 115% Within A Month: Three Reasons For ATOM’s Strong Performance Over The Past Month

Cosmos price today is $41.63 USD with a 24-hour trading volume of $2,948,222,516 USD. Cardano is up 6.27% in the last 24 hours. The current Coin Market Cap ranking is #20, with a live market cap of $9,331,382,224.27 USD. It has a circulating supply of 221,649,318.53 ATOM coins and a max. supply of 279,433,922 ATOM coins. The three reasons for ATOM’s strong performance over the past month include: The recent launch of the first functioning user interface for DeFi on Cosmos, known as Emeris, has recently become one of the biggest triggers of the ATOM price, because the introduction of cross-chain exchange capabilities interested members of the Cosmos community and led to a surge in demand for the token.

The second reason for the ATOM rally is the integration of Sifchain with IBC, which made the project the first decentralized exchange to provide trading between the Cosmos ecosystem and the Ethereum network. The third reason for the current bullish momentum is related to the announcement on August 23 that the Interchain Foundation (IFC), an organization that finances grants for development in the Cosmos ecosystem, has provided funding to the Interlay development Fund for the withdrawal of wrapped bitcoin into the Cosmos network.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter