Market Shifts As DeeStream (DST) Takes Investors' Top Pick, Cosmos (ATOM) And Aptos (APT) Drop Away

It's interesting to see how the cryptocurrency market has changed lately. A new player, DeeStream (DST), has become quite popular among investors, while other well-known options like Cosmos (ATOM) and Aptos (APT) have been losing some of their momentum.

Timeline of Aptos, Cosmos

This week, around five crypto projects are gearing up for token unlocks, as reported by Token Unlocks. One of the most significant unlocks is from Aptos (APT), with plans to release tokens worth $228.05 million on January 12.

The cryptocurrency market rebounded tentatively on Friday morning, with major digital assets trading in the green. Bitcoin made a partial recovery from Wednesday's low and the prices topped $43,000 — up nearly 160% from a year ago.

Crypto Price Prediction January 4: The crypto market is generally and gradually easing into the New Year bullish outlook after encountering extreme volatility on Wednesday. Bitcoin price retreated, pulling the entire market down with it as holders sold in reaction to a report by Matrixport alleging that the Securities and Exchange Commission (SEC) will not

Following a $600 million crypto market crash, many leading altcoins hit their monthly lows. However, skepticism over Matrixport's report and the SEC's recent talks with stock exchanges about ETF launches brought a market rebound. As a result, Aptos significantly recovered, regaining its pre-crash value completely.

Celestia's TIA token has been one of the best-performing cryptocurrencies in the past few months. It jumped to a high of $14.57 on Thursday, a few points below its record high of $15.28. In all, TIA has surged by more than 500% from its lowest point in October last year.

ATOM has ascended to the summit of network activity within the inter-Blockchain ecosystem. However, upon closer inspection, the narrative surrounding Cosmos unveils a more nuanced story.

Genuine Labs, a group of developers experienced in Cosmos stacks, offered a lending hand to the Terra Luna Classic community, which will potentially help in the revival of LUNC and USTC repeg. The developer team discovered a number of issues with Terra Classic and submitted a proposal for voting to address these issues.

Since mid-November, Cosmos (ATOM) Cosmos has charted an upward course in its price trajectory. According to technical analysis in 4 Hours excerpt, bulls held firm on Cosmos, defending key supports at $6.50 – $7.00 and $8.20, propelling the cryptocurrency towards the $10 mark in late November.

The Interchain Foundation (ICF), a non-profit organization dedicated to driving growth in the Cosmos ecosystem, has allocated $26.4 million to fund Interchain Stack development and adoption in 2024.

Contrary to the last token unlock in November, when the APT token witnessed a drop in prices, the current token unlock has taken prices significantly higher. What Happened: Founded by ex-Meta executives, Layer 1 blockchain Aptos (CRYPTO: APT) announced the release of 24.84 million tokens that account for 8.9% of its circulating supply.