{"id":298,"date":"2021-12-13T06:49:44","date_gmt":"2021-12-13T06:49:44","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=298"},"modified":"2021-12-13T06:49:44","modified_gmt":"2021-12-13T06:49:44","slug":"cosmos-back-above-30-after-19-rally","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=298","title":{"rendered":"Cosmos Back Above $30 After 19% Rally"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Share this article<\/p>\n<p>ATOM is up 19% today.\u00a0<\/p>\n<h2>Cosmos Returns to $30\u00a0<\/h2>\n<p>A sluggish Bitcoin doesn\u2019t always mean weak price action across the rest of the market.\u00a0<\/p>\n<p>Cosmos\u2019 ATOM token is up 19% in the last 24 hours, defying a lack of momentum among leading assets like Bitcoin, Ethereum, and Binance Coin. According to data from CoinGecko, it\u2019s currently trading at $31.04 following a relatively slow week of market activity for the asset.\u00a0<\/p>\n<p>Cosmos has suffered relative to many other crypto assets in recent weeks. Since hitting an all-time high of $44.42 in September, it\u2019s consistently failed to break out of resistance while the likes of Avalanche, Solana, and Ethereum have posted record highs.\u00a0<\/p>\n<p>Cosmos is setting out to become the \u201cInternet of blockchains.\u201d It connects individual neworks and offers interoperability between chains via the IBC Protocol. Terra, THORChain, and Secret Network all use Cosmos\u2019 own software development kit and can connect with one another via the IBC Protocol.\u00a0<\/p>\n<p>Cosmos is sometimes referred to as a Layer 0 network, but it\u2019s also discussed in tandem with Layer 1 blockchains. The crypto market has seen a boom in Layer 1 networks this year amid growing competition between Ethereum and other smart contract networks. The second-ranked blockchain, which is currently the main hub for the emergent DeFi and NFT sectors, saw its ETH currency rally during the first half of the year, helped by the launch of a crucial fee burning proposal called EIP-1559. However, the rising price of ETH has increased the dollar price of Ethereum\u2019s gas fees, which has helped cheaper networks like Avalanche and Solana thrive. The market has rotated between the various Layer 1 networks in recent months, though none have come close to topping Ethereum\u2019s $545 billion market cap. It\u2019s not clear if that\u2019s the reason for Cosmos\u2019 sudden jump, or whether growing interest in its ecosystem of IBC-compatible networks is behind the rise.\u00a0<\/p>\n<p>After today\u2019s rally, Cosmos\u2019 market cap is around $8.7 billion. That makes it the 26th biggest cryptocurrency on the market.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing, the author of this feature owned ATOM, ETH, and several other cryptocurrencies.\u00a0<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<h3 class=\"title\">Tendermint CEO Peng Zhong Reveals the Future of Cosmos<\/h3>\n<p>\nCrypto Briefing catches up with Tendermint CEO Peng Zhong, who oversees the core development team that built the critical components of the Cosmos blockchain. Insights on the Cosmos Ecosystem While&#8230; <\/p>\n<h3 class=\"title\">MDEX: Overlooked Decentralized Exchange That Pays You to Trade<\/h3>\n<p>\nBased on statistics from\u00a0DeBank\u00a0and\u00a0dapp.com, one of the top-performing decentralized exchanges by TVL and trading volume this year is MDEX\u2014an AMM-based DEX functioning across the Huobi Eco-chain (HECO), Binance Smart Chain&#8230; <\/p>\n<h3 class=\"title\">Cosmos, Elrond Rally as Crypto Market Stalls<\/h3>\n<p>\nCosmos and Elrond are outperforming the rest of the market.\u00a0 Cosmos, Elrond Defy Market Dip\u00a0 While Bitcoin and Ethereum are down today, several other assets are rising fast.\u00a0 Cosmos and&#8230; <\/p>\n<h3 class=\"title\">Cosmos Bridge to Ethereum Is Slated to Launch in 2021<\/h3>\n<p>\nA new Cosmos hub compatible with the Ethereum Virtual Machine will allow for cross-chain activity between the two blockchains. Cosmos Hub Plans to Launch Bridge A project focused on allowing&#8230; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/cosmos-back-above-30-after-19-rally\/?utm_source=main_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Share this article ATOM is up 19% today.\u00a0 Cosmos Returns to $30\u00a0 A sluggish Bitcoin doesn\u2019t always mean weak price action across the rest of the market.\u00a0 Cosmos\u2019 ATOM token is up 19% in the last 24 hours, defying a lack of momentum among leading assets like Bitcoin, Ethereum, and Binance Coin. According to data [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=298"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/298\/revisions"}],"predecessor-version":[{"id":300,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/298\/revisions\/300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/299"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}