I’m investing in Cosmos (ATOM) This week [22 July], and this is why!

Toya Wentland

Cosmos ATOM/USD was designed with the intention of enabling the progress of a community of cryptocurrency networks that are all united by an open up-supply device for streamlining their transactions.

On July 13, the governance proposal for the adoption of the Gravity DEX protocol on the Cosmos Hub handed. This led to a great deal of buzz bordering Cosmos, as supporters flooded with their ATOM tokens.

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On July 19, Grayscale stated that they have been thinking of running specific trusts for DeFi tokens, just one of which is Cosmos (ATOM). This would guide to an enhance in the usage of the token, and as this kind of, increase its need as effectively as circulating supply which can guide to a heightened rate.

On July 22 we noticed an announcement that The Band Oracle has been integrated into Cosmos through Starport, which prospects it toward the further more realization of the online of blockchains.

With this implementation in Starport, the Cosmos blockchain advancement software, recently developed chains will be capable to trade feeds of different types of data as a result of making use of an oracle as very well as the Cosmos interoperability standard, the Inter-Blockchain Interaction Protocol (IBC). In other words, any developer that builds a chain utilizing Starport can increase a knowledge-question functionality from an oracle.

This implies that we will see a good deal of exercise on the Cosmos blockchain in the foreseeable future, and as a consequence, the ATOM token demand will improve and we can hope an improve in its worth.

Must you spend in Cosmos (ATOM)?

On July 22, ATOM was $11.

To get a perspective as to how high the ATOM token has long gone up in value in the course of its background, we can seem at its all-time high price of $31.70 that occurred on May possibly 7. This presents us a standpoint on the utmost possible for advancement the token might have in the around foreseeable future.

That getting the situation, to get a more realistic photograph, we’ll be examining the month of June.

ATOM noticed its greatest issue on June 3 with a price of $16.46 and its most affordable point on June 22 with a worth of $8.80.

This offers us an sign that the token can fall, or increase its benefit by double its original worth. In other phrases, it is now circulating at the $9 to $11 mark, which means that it has the prospective to double that in the near upcoming.

With its new integration via Starport, we will see a whole lot of new developments encompassing Cosmos and as these kinds of, this will guide to a heightened action on the Cosmos Hub.

In actuality, in the previous 24 hrs, it noticed an raise in its buying and selling volume by 17%.

Hunting at it from an optimistic standpoint, at the $11 value level ATOM is a worthwhile financial investment as it is predicted to rise to $15 in price by the conclusion of July.

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