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Information about Cosmos (ATOM)
COSMOS is an ecosystem of blockchains that are scalable and interoperable. Before COSMOS, blockchains were often isolated and could not communicate with each other. In addition, they were challenging to build and could only handle a small number of transactions per second.
COSMOS was created to solve these problems with a new technological vision. In scientific terms, COSMOS is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus.
COSMOS makes it easy for developers to build anything on a blockchain by breaking down barriers between blockchains while allowing them to transact with each other. The ultimate goal of COSMOS is to create an Internet of Blockchain, a network of interconnected blockchains in a decentralized manner. Once these links are completed, tokens can be seamlessly transferred quickly and securely from one region to another.
ATOM is the base token of the COSMOS Network. The role of the ATOM token is similar to Ether on the Ethereum 2.0 network. In addition, ATOM is also used for the following purposes:
News
ATOM’s recent price action shows a potential recovery as it closely approached the 0.618 Fibonacci level, indicating strong support. The TD Sequential indicator also provided a buy signal on weekly charts, suggesting that selling pressure has decreased.
With EMA crossovers signaling an increase in upward momentum and market liquidations showing lower selling pressure, ATOM’s indicators indicate a shift towards a bullish trend. Bollinger Bands further confirm possible price rebounds, favoring a potential breakout.
In 2025, the Cosmos ecosystem aims to create a developer-friendly platform guided by the ICF and Interchain Labs. It seeks to address challenges like scalability, programmability, and user experience in blockchain technology.
Cosmos Hub will receive essential updates, such as integrating Cosmos SDK V2 and EVM solutions for Ethereum compatibility. These improvements aim to enhance the user experience by boosting security and reducing block times.
Cosmos is expanding its team and inviting developers and blockchain enthusiasts to participate. This initiative emphasizes cutting-edge tools and privacy features, paving the way for a decentralized future.
Ethereum’s growth outlook remains strong: Ethereum trades between 3,600 USD and 4,100 USD, with a notable 26% rise over the month. Key resistance levels are at 4,300 USD and 4,800 USD, while support lies near 3,340 USD and 2,850 USD for potential upward movements.
Solana and ATOM show recovery potential: Cosmos recently increased by 65.62%, now priced at 7.53 USD to 10.40 USD. Solana is fluctuating from 205 USD to 239 USD, suggesting oversold conditions, with possible recovery if buying pressure mounts.
Fantom (FTM) is the top gainer: Fantom (FTM) stands out today, leading the market with impressive growth. Its strong performance on December 14, 2024, highlights investor confidence, making it a focal point for those seeking new opportunities in cryptocurrency investments.
Significant rises for Algorand and DEXE: Both Algorand (ALGO) and DEXE (DEXE) have demonstrated noteworthy increases. Such upward trends in their market values reflect changing sentiments, positioning them as attractive options for investors looking for robust returns in the current landscape.
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