Cosmos (ATOM) Surges After Announcement, Poised for Continued Growth
Cosmos (ATOM) experiences significant growth after unveiling its Inter-Blockchain Communication protocol (IBC), paving the way for increased efficiency and adoption in the blockchain ecosystem.
Posted 10 months ago in Blockchain
More altcoins in the digital currency ecosystem are paving their way to retest new price momentums as the broader market appears to be on a mild bullish ride. Cosmos (ATOM) is one of the coins with the most emphatic growth outlook at this time, after hitting 4.24% growth in the past 24 hours.
The foundation for the Cosmos growth has been laid over the past seven days when the token jumped by more than 15.75%. This growth is ultimately fueled by the positive trends surrounding the Cosmos ecosystem.
As shared by the protocol, the roadmap to its innovative Inter-Blockchain Communication protocol (IBC) was revealed, fueling optimism that the Cosmos protocol is still in line to compete with its peers. As revealed, the IBC protocol will solve a lot of the pain points in the industry, including but not limited to communication potential between one or more blockchains utilizing the solution.
The overall goal as stated is to boost efficiency while positioning Cosmos as one of the outfits with the latest blockchain solutions that can be adopted on a massive scale. The revealed roadmap showed that the IBC protocol will play a crucial role in the Cosmos ecosystem, whose themes for the coming year are expansion and usability.
Just as Shiba Inu developers and innovators are projecting, driving new applications that can bolster usability is a major recipe to power organic token growth. For Cosmos, the upsurge potential remains high as its attempt to pare off the losses accrued over the course of the crypto winter remains persistent. With these core targets and drives in the coming year, Cosmos is projected to eventually achieve its goals through unique backing from its community across the board.
Last updated 9/18/2023, 10:25:33 PM
Related Articles
Coinbase Obtains Major Payment Institution License to Expand Operations in Singapore
Posted 9 months ago in Blockchain
Former FTX Customers and Investors to Testify Against Sam Bankman-Fried at Trial
Posted 9 months ago in Blockchain
Crypto and Blockchain Startups Secure Funding Despite Market Conditions
Posted 9 months ago in Blockchain
Tokenization: The Future of Securitization in the Financial Markets
Posted 9 months ago in Blockchain
News Letter
Subscribe to the CryptoCat.ai newsletter to stay updated with the latest cryptocurrency news, insightful articles, market trends, and more – delivered directly to your inbox!
Is email too old school? Well you can get your news directly on twitter just by following us
Follow Us