Cosmos (ATOM) has proven some unbelievable resilience even because the broader crypto market reported weak point in January. The coin actually has traded very near its all-time highs albeit is it’s a bit decrease. With this value motion, do you have to purchase Cosmos (ATOM)? Listed below are some highlights first:
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On the time of writing, the token was buying and selling at $39.41, pretty near its all-time excessive value of round $46.
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Additionally, Cosmos (ATOM) is about 400% up from its lowest value, recorded in June final 12 months.
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The coin has additionally surged by almost 7% in 24-hour intraday buying and selling.
Knowledge Supply: Tradingview.com
Cosmos (ATOM) – value prediction and evaluation
For probably the most a part of January, a number of Altcoins out there has seen huge routs. But it surely appears Cosmos (ATOM) has managed to carry regular. Regardless of taking a number of hits, the token has rebounded. It’s nonetheless about 3% down in 7 days however stays 7% increased in 24-hour intraday buying and selling.
On the time of penning this put up, Cosmos (ATOM) was buying and selling at round $39. It’s fairly near its all-time excessive of $46. Though we don’t count on it to retest these heights within the coming days, Cosmos (ATOM) is prone to consolidate across the $40 mark. Additionally, the token has surged previous its 25- and 50-day shifting averages, suggesting {that a} bullish alignment is nicely and actually within the combine.
Do you have to purchase Cosmos (ATOM)
Cosmos (ATOM) is without doubt one of the hottest altcoins. The chain additionally appears to supply one of many quickest and low-cost blockchains on the earth for modern builders. It has been a success amongst traders, rating among the many prime 10 by market cap.
Based mostly on these fundamentals, it’s a first rate token to get your arms on. The current value motion additionally exhibits it may be resilient even when broader headwinds maintain again crypto property.
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