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Tuesday, October 4, 2022
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    HomeMarketCosmos (ATOM) remains resilient during the crypto slump – Should you buy...

    Cosmos (ATOM) remains resilient during the crypto slump – Should you buy it?

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    Cosmos (ATOM) has proven some unbelievable resilience even because the broader crypto market reported weak spot 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 here are some highlights first:

    • On the time of writing, the token was buying and selling at $39.41, pretty near its all-time excessive value of round $46.

    • Additionally, Cosmos (ATOM) is about 400% up from its lowest value, recorded in June final yr.

    • The coin has additionally surged by practically 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 available in the market has seen huge routs. Nevertheless it 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 publish, Cosmos (ATOM) was buying and selling at round $39. It’s fairly near its all-time excessive of $46. Though we don’t anticipate 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 really within the combine.

    Do you have to purchase Cosmos (ATOM)

    Cosmos (ATOM) is without doubt one of the hottest altcoins. The chain additionally seems to supply one of many quickest and low-cost blockchains on the earth for revolutionary builders. It has been a success amongst buyers, rating among the many prime 10 by market cap.

    Primarily based on these fundamentals, it’s a respectable token to get your arms on. The latest value motion additionally exhibits it may be resilient even when broader headwinds maintain again crypto belongings.

    The publish Cosmos (ATOM) remains resilient during the crypto slump – Should you buy it? appeared first on Coin Journal.



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