Is ATOM dead? The Cosmos ecosystem is showing signs of stress amid declining ATOM price – but is the picture really as bleak as it seems?
Price-wise the situation is bleak. Cosmos is down from its 2024 peak of $14.19 to $3.92, nearly an 80% loss.
That said, there are a few things to be excited about if you hold Cosmos.
Cosmos is releasing its crypto Interchain, which is set to revolutionize blockchain interoperability, seamlessly connecting various networks such as Cosmos Hub, Celestia, dYdX, and Injective. Besides that, here’s what else to be hyped for and one additional coin we’re aping into.
Unpacking the Cosmos Crypto Technology Stack
At the heart of the Cosmos Interchain is a powerful tech stack featuring the Cosmos-SDK and Tendermint Consensus.
Tendermint’s speed and security make it a chain favorite, boosting Cosmos’ appeal in the crypto world.
1/ Over $35B in total trading volume, consistently leading in #IBC transaction volume.
Today, @osmosiszone is the leading interchain DEX and DeFi hub for the interchain ecosystem!
As its cross-chain reach continues to expand, Osmosis is entering its next evolution. pic.twitter.com/yURX8Lwj80
— Cosmos – The Interchain ⚛️ (@cosmos) September 3, 2024
Moreover, Dubai’s upcoming Cosmoverse conference will spotlight this potential, featuring diverse insights and a Bitcoin Track covering staking and BTCfi.
The Value of ATOM in the Cosmos Crypto Ecosystem
Market swings aside, the ATOM token is essential to Cosmos. Its significance lies in securing the network and motivating developers.
Cosmos also has the 4th highest number of developers working on it, more than Solana or Bitcoin, so clearly it’s not a dead project.
However, the native token, ATOM, is designed to reward developers more than users. So for those seeking investment opportunities, exploring projects built on top of Cosmos might offer better returns.
Meme Coin Staking Hits Fever Pitch with Crypto All-Stars’ Unified Staking Platform Reaching $900K in Presale
While Cosmos will remain one of the top layer 1s, Crypto All-Stars ($STARS), a new meme and DAO coin, has burst onto the scene, pulling in over $900,000 in two weeks.
Crypto All-Stars is launching a groundbreaking staking platform for meme coins like Dogecoin, Shiba Inu, and PepeCoin. The platform allows users to stake and earn in $STARS.
With an APY of 1,567%, $STARS is drawing investors fast. Its price is pushing to $0.0014191 and nearing a $1 million milestone.
This has accelerated its funding stages at a record pace, driving the price of $STARS to $0.0014248. As the project nears the $1 million milestone this week, another price increase will be here before you know it.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
