Sunny Aggarwalfrom the Cosmos ecosystem joins David Hoffman on the Bankless show and gives a high-level overview of Cosmos' (ATOM) thesis in the crypto space.

Cosmos price could break out and initiate a short-term relief rally. Still, the long-term trend is still bearish and suggests that new yearly lows will eventually be reached.

A Cosmos community vote has rejected the ATOM 2.0 whitepaper - despite this, devs and investors alike remain optimistic about the future of the Cosmos platform.

Very little of the revenue generated by Cosmos’ ecosystem has historically accrued to holders of its ATOM token, the report said.

Cosmos was trading lower for a fourth consecutive session on Monday, as prices approached a one-week low. Decentraland was also trading close to a one-week low on Monday, as the global cryptocurrency market fell by over 3% as of writing.

Cosmos [ATOM] has hit the highest point in price since it traded at $15.70 on 8 May. Dubbed as the ‘economy of the future”, ATOM had kept its investors wondering if they had any bright hope as it was far from its All-Time High (ATH) of $44.45. However, the recent situation seems to have calmed the storm.

The price of Cosmos (ATOM) struggles to discover its bullish trend as the price breaks below uptrend support against tether (USDT). The previous weeks saw the crypto market cap looking good as prices of Bitcoin (BTC) and other crypto assets, including Cosmos (ATOM), showed so much strength as price rallied from a low of $6 to a high of $17. (Data from Binance)

The news comes a couple of weeks after research firm Delphi Labs announced it would shift the focus of its research and development efforts toward the Cosmos ecosystem.

Cosmos is now making sure their system won’t share the same fate as the BNB Chain that was drained of $100 million worth of tokens in a hacker attack last week.

The price charts were not as rosy, especially on the lower timeframes. Bitcoin stuttered around the $19.4k-mark at press time. Even though it sat atop support, the rejection at $20.4k a few days ago meant the momentum favoured the bears. Can ATOM see a bullish breakout in these conditions?

The Cosmos (ATOM) price began an upward movement after generating bullish divergence. An increase above $10.6 would go a long way in indicating that the trend is still bullish.

The funding round was co-led by North Island VC, Distributed Global and Pantera Capital.

Frens Validator, a large and passionate community of Cosmos (ATOM) contributors, shared the agenda of the most crucial Cosmos event in 2022. It looks like the ATOM community is on the verge of a massive announcement. Read more on U.Today https://u.today/cosmos-atom-price-spikes-by-40-in-two-days-possible-reasons

The price action displayed by Cosmos (ATOM) recently hasn’t been motivating after prices declined from a region of $27 to a weekly low of $8.5. With many looking for a major dump in Bitcoin (BTC) price, the price of Bitcoin (BTC) bounced from $15,500 as price rallied to a high of $16,500, leaving bears on the sidelines as the price of Comos (ATOM) gains some relief bounces to hold strong above key support. The price action displayed by Cosmos (ATOM) and many altcoins recently have been problematic as many altcoins battle for survival. The Domino effect of the FTX saga and other huge investors involved has left the market at a standstill as the market is yet to make a major move after previous weeks. (Data from Binance)

The Cryptocurrency community constantly needs technical solutions to solve lingering problems in the ecosystem. Some of these problems include high energy consumption, low speed, and expensive gas fees, to mention but a few. Many projects have been out in recent times to solve these problems and ensure a seamless experience for users in the community. Some such projects include Impt.io’s decarbonization policy and the well-known ATOM from the Cosmos Network. Tamadoge is another raving eco-friendly crypto, warming investors’ hearts.

ATOM is the native token of the Cosmos Hub, which is the first blockchain launched in the Cosmos ecosystem. While Cosmos is not a layer-1 or layer-2 blockchain, it is a network of sovereign blockchains. Basically, it is designed to be the connector of all app-chains.

Investors starved for bullish catalysts seem to be parking their money in ATOM, the native coin of Cosmos Hub, the blockchain acting as an intermediary among all independent blockchains created within the Cosmos network.

Cosmos blockchain can be considered a gateway to solving future and upcoming networking problems in inter-connected blockchains or different blockchain ecosystems. Cosmos is a popular SDK service provider, one that enables developers to create modular blockchains with their own validation system and cryptocurrency.

Altcoin purchases are a serious obsession for Cosmos (ATOM) buyers. The ATOM price also increased after falling to a low of $5.55 in 2022. Although the bulls put up a valiant battle, they ultimately succeeded in reversing the trend. As a result, during the past 20 days, the price of ATOM has increased by over 75%.

Upgrades Aim to Make ATOM the Reserve Currency of the Ecosystem