Cosmos is ranked at #21, below IOTA and Ethereum Classic. The amount plummeted by?6.21% from a span of the day. The trading volume recorded is $129.313 million, although supply has 190,688,439?ATOM tokens involved right now. The total market cap of Cosmos is $618.552 million. Nowadays, ATOM is priced at?$3.24.
The maximum supply for Cosmos isn’t constant, while it keeps inflating. It is a key rule wherein Cosmos abides by- If? more than 66% gets staked, inflation will be 7% and if lower than 66% is staked, inflation will circle around 20%.
According to your ATOM/USDT candlestick chart on tradingview, the Ichimoku Cloud turned red from 3rd August onward. The daily RSI is in 30.21, which implies ATOM may be in oversold territory if bears continue their campaign that are available. The last two peaks [for 8th and 9th August] in case there is the Awesome Oscillator are beneath the zero line and red. The majority of the data suggests selling pressure growing gradually.
The lagging span intersected in the conversion along with the base line after 3rd June. Since that time, bullish forces kept fluctuating until downtrend began midway through June.
More than the day ago, it has been announced that three language are going to be used for coding about the Cosmos chain. Inspite of this, additionally, the bullish divergence noted in the beginning . of August, there isn’t really recovery in site.
Chorus One has lowered their fees to 7.5%. This has been done for effort which gives further incentives to delegators. Have a look at with regards to this latest developments, take a look at this page.
Cosmos is it being considered, alongside DASH and Decred, by Coinbase plus it may be added about the leading trading platform previous expected. Both Decred and Cosmos were top losers in today’s market. Support for ATOM can be found near the $3.005 mark, while resistance will likely be felt on the $3.98 level.