Analyst Predicts Rallies for Cosmos, Gala and One Bitcoin Ecosystem Altcoin – Here Are His Targets

A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins including Cosmos (ATOM) and Gala (GALA). Pseudonymous analyst Kaleo tells his 608,200 followers on the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos.

Timeline of Cosmos, Gala, Stacks

Atomicals Market recognized as a significant entity in the marketplace and browser arena for Atomicals and ARC-20 tokens, has recently encountered a substantial security breach. The platform experienced a considerable loss of 33,000 ATOM tokens, attributed to the deployment of an insecure signing method, specifically SIGHASH_NONE | ANYONECANPAY.

A widely followed crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a move up. Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he's bullish on ATOM as he believes that the altcoin is “due for a squeeze.” “I'm long.

The governing body of Cosmos Hub, the primary blockchain within the Cosmos network, has given its approval to a proposal aimed at reducing the maximum inflation rate of its native token.

Crypto news: In the various market turmoil, how are Cosmos (ATOM), Sandbox (SAND) and Chainlink (LINK) coins performing? See below for an in-depth look at prices and the latest news involving them.

An upgrade that brings Bitcoin (BTC) into the Cosmos ecosystem has been completed, according to various announcements on Oct. 31. Cosmos announced in a tweet that its Inter-Blockchain Communication Protocol (IBC) can now transfer nBTC — a token that represents 1:1 ownership of Bitcoin.

The latest uptrends in the crypto market saw Cosmos breaking the $6.30 – $7.58 range, ending its consolidation mode. The upside move indicates magnified bullish momentum within the ATOM ecosystem, signaling a possible start of a solid surge. The token traded at $7.49 at press time, gaining 1.93% over the past 24 hours.

Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap.

At the Cosmoverse 2023 Conference, held in Istanbul on Oct. 2, 2023, the team of asset-agnostic L1 platform Namada shared the details of its latest milestones and invited developers and enthusiasts to take part in the newly launched testnet.

Our column dedicated to in-depth analysis of the crypto world continues, and today we are going to analyze the prices and related news of the assets of Cosmos (ATOM), Shiba Inu (SHIB) and Polygon (MATIC).

Gala Games (GALA) exhibits a bearish stance, with prices slumping continuously. The token lost around 8% within the past day to hover at $0.016 at press time. Gala co-founders Eric Shiermeyer and Wright Thurston filed a suit against each other on 31 August, and GALA has since plummeted by 20%.