Cosmos: Is taking a short position on ATOM the way to go

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After hitting its ATH on 7 January, Cosmos (ATOM) bears have stepped in to exert consistent pressure. The gradual decline below its multi-month long trendline resistance (previous support) gave sellers the well-needed strength for a

Timeline of Cosmos

Since last week's Terra implosion and the demise of the blockchain project's native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost

ATOM has so far rallied by more than 30% from its latest local low. The cyptocurrency extended its downside during last week's cryptocurrency market crash, and the healthy recovery might be a sign of things to come.

As we enter a new week, Bitcoin sat above $30k while Ether was just above $2k. Traders might be keeping their eyes fixed on the performance of the top 10 coins and tokens, but investors are also keeping themselves busy with assets from the top 30 list.

Crypto markets crashed by over $500 billion this week, one of the space's worst weeks in history. Barring stablecoins, all of the top-50 cryptocurrencies are set to end the week in negative territory.

Popular crypto analytics and market commentary show Coin Bureau has examined the potential of competing blockchains Polkadot ($DOT) and Cosmos ($ATOM).  Speaking in a recent YouTube update, Coin Bureau host “Guy” told viewers that he has big expectations for both Polkadot and Cosmos as blockchains built for scaling and cross-chain interoperability.  Guy highlighted the demand

The bearishness in the global crypto market has continued to wreak havoc as the losses increase. The prime target of the bearish wave is Bitcoin, while the rest of the coins have been in no different situation as losses have increased with time.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The trend across the altcoin market remained extremely bearish on the lower timeframes recently. Cosmos was not an exception, as its market structure remained bearish as the price formed a series of lower highs and

Introduction  Most people want to become financially stable, and to accomplish this goal they continue to uncover different methods. Many people consider the investment a great way to get financially independent but it's hard to figure out in which industry or sector one should invest.

Crypto investors might just want to focus on the top ten coins and tokens by market cap and forget the rest. However, drastic changes are unfolding in relatively smaller but still significant projects as well.

A popular crypto analyst is looking under the hood at a pair of Ethereum (ETH) alternatives to see which one might come out on top. In a new strategy session, pseudonymous Coin Bureau host Guy updates his 2.03 million YouTube subscribers about his expectations for cross-chain interoperability protocol Polkadot (DOT) as well as Cosmos (ATOM), The post Polkadot (DOT) vs. Cosmos (ATOM): Coin Bureau Looks at Two Fast-Rising Ethereum Competitors appeared first on The Daily Hodl.