Cosmos (ATOM) is up 25% since trading around $15.70 on May 8, which is considered the highest point.
- ATOM’s trading volume has increased by 89% in the last 24 hours.
- As of September 7th, Cosmos NFT volume has risen to $778,000.
- Cosmos 2.0 triggers a 40% price pump for ATOM
Although recent figures are far from what ATOM ATH has seen at $44.45, recent events seem to have restored investor confidence and trust.
ATOM’s trading volume has also increased by 89% in the last 24 hours. However, ATOM’s dilemma is how to rally ahead of crypto king Bitcoin (BTC).
Based on ATOM’s chain measurements, there appears to be no difference between negative and positive emotions.
Only a small difference at 0.188 shows a balance, the positive feeling is 9.531. The negative sentiment remains at 9.413. As of September 7, NFT’s Cosmos volume has grown to $778,000.
5 unique wallet addresses buy ATOM NFTs
The number of unique wallet addresses that have purchased ATOM NFTs has increased to five. On the other hand, both of these parameters decreased while ATOM was on the rise. Moreover, the total volume of NFTs fell to about $223,000 a few days ago, and at that time, the unique wallet address was split into two.
Judging by the four-hour chart of ATOM/USDT, the coin may stay on the green line for a short time. This assumption is confirmed by the ATOM 20 EMA above the 50 EMA.
In the long term, the 200 EMA shows that ATOM is far from the short-term indicators and may seek and record new lows in the coming months. Additionally, ATOM Investors and Investors should monitor carefully for any changes in volatility.
ATOM’s Bollinger Bands revealed that the token’s price has increased with volatility. With this in mind, investors would be wise to anticipate a downturn and play their cards right.
Cosmos 2.0 will be released on September 28
Cosmos development activity has increased since the blockchain company announced plans for a blockchain upgrade.
Cosmos 2.0 is looming and as a result this ATOM price has increased by 40%. France’s validation team, the loving and supportive ATOM community, has revealed important cosmos developments in 2022.
The French developer team recently announced via Twitter the design of Cosmos 2.0, which will be released on September 28 in Medellin, Colombia.
Cosmoverse 2022 is named as the biggest Cosmoverse event for Web3 developers, contributors, entrepreneurs, investors and owners of DApps.
Cosmos 2.0 is designed to enhance the overall architecture and functionality of Cosmos (ATOM). These developments triggered an increase in the price of ATOM between September 7 and 8, shooting from $12.3 to $17.5 in less than two days.
ATOM total market cap at $4.5 billion on the daily chart | Source: TradingView.com Featured image from UseTheBitcoin, chart from TradingView.com