5 Reasons Why The ATOM Price May Keep Soaring For A While

Many people may be surprised to see Cosmos (ATOM) skyrocket in value. Especially during a bearish stint for other markets, such a trend is somewhat unusual. Thanks to various prominent ecosystem developments, this uptrend may last a while longer.

ATOM Price Momentum Seems Solid

The past few days have seen impressive price momentum for Cosmos, or ATOM as most people know it. It is one of the few assets sustaining bullish momentum during the recent market dip. Although Cosmos’ asset lost momentum a few days ago, it didn’t take long to resume the overall uptrend. Traders and speculators are very bullish on this cryptocurrency, which explains why its value has surpassed $35 in the past day. 

ATOM/USDT Chart by

As there is no immediate sign of slowing down, one must wonder how high the ATOM value can go. Reaching $40 seems plausible at the current rate, although there will be some resistance eventually. Moreover, it is crucial to note Cosmos’ asset notes a 450% price increase year-to-date. That is significant and a much better return than any traditional investment. 

PayWithTerra Payment Gateway

Various ecosystem developments in the Cosmos space have ushered in this excitement. One of the projects to look forward to is Terra, which will enable IBC soon. Inter Blockchain Communication is one of the many developer tools built by Cosmos coders to expand the native ecosystem and bridge the gap to other blockchains. 

PayWithTerra, a solution to accept stable cryptocurrency payments through a website, will embed IBC to introduce more liquidity and usability. Doing so will provide merchants with more options to accept payments online without worrying about volatility in the cryptocurrency industry. While adopting this technology is not guaranteed, building such tools can pave the way for broader adoption. 

Osmosis Triggers Excitement

The Osmosis project offers significant potential for the Cosmos ecosystem. A decentralized peer-to-peer blockchain to create liquidity and trade IBC-enabled tokens can bring these digital assets to a vast audience. Moreover, it has standard features, including liquidity pools, impermanence loss, and everything people like about decentralized exchange solutions. 

Various tokens are accessible through Osmosis, including ATOM, ION, IRIS, DVPN, CRO, XRPT, and IOV. As more IBC-enabled tokens come to market, Osmosis will introduce trading support for those. The platform also has a few airdrop goals for users to look into, enticing more people to give this decentralized protocol a try. 

Desmos Turns Heads

There have been numerous attempts at decentralizing social media over the years. Some have been more successful than others, although no platform sticks around forever. Desmos, a blockchain serving as the backbone to build user-centric social networks, may prove different. It relinquishes centralized control in favor of stakers and validators operating the network. Moreover, social media users can earn DSM tokens by participating. 

Any identity created on Demos is cross-platform compatible. Building a proof of identity by combining centralized social media networks and proof of X blockchains starts an exciting opportunity. Additionally, Demos provides an incentive to become verified. Linking more profiles to Desmos profiles will introduce rewards for those participants. 

Emeris Offers DeFi Capabilities

Similar to other ecosystems, Cosmos will be home to decentralized finance opportunities. With the help of Emeris, there will be support for instant cross-chain trading. Connecting to the best cross-chain DeFi protocols – including Gravity DEX – is a big step in the right direction.

Users will trade between five different chains through a trusted, stable, and audited DEX protocol. Users who participate in liquidity pools will be able to earn competitive yield, which is something all DeFi enthusiasts aim to pursue. 

More Imminent Launches

Several other projects leveraging Cosmos and IBC technology are nearing their mainnet launch. Some of those have a confirmed release date, whereas others are a bit more tentative. There is tremendous activity in this ecosystem, all of which can bring more value to the ATOM asset over the coming months. 

Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions:

JP Buntinx

JP Buntinx has been writing about cryptocurrency since 2012. His interest in crypto, blockchain, fintech, and finance allows him to cover a broad range of different topics.

Published by
JP Buntinx

Recent Posts

Shiba Inu Records A New All-Time High AS SHIB Bucks Bearish Market Trend

The majority of crypto markets are currently going through a very bearish spell. One notable…

1 hour ago

Drops Announces Upcoming NFT Lending Platform to Boost Market Liquidity

Vilnius, Lithuania, 27th October, 2021, Drops announced today the upcoming launch of its NFT lending…

2 hours ago

TON Swap DEX unveils long-term farming program

Broxus, one of the leading developers of the FreeTON network, has announced that they have…

4 hours ago

What is Student Coin (STC)?

Back in 2018, a few students from the Students Investor's Club ‘Kapitalni’ at Kozminski University…

4 hours ago

Cadalabs: A Decentralized NFT’s and Crypto Collectibles Market kicks Off Token Pre-Sale

Cardano welcomes its first NFT and digital collectibles Marketplace by name Cadalabs. This is the…

5 hours ago

Liquidity Provider and Forex Market – Main Nuances

Information That You Need to Know About Liquidity Providers Today the international market is very…

7 hours ago