The Cosmos Ecosystem is Gaining Momentum ($ATOM, $LUNA, $THOR)

January 5, 2022

2 weeks ago, we released a report detailing 8 cryptos to watch in 2022, providing a short bullish case for some of our favorite crypto projects.
In terms of market outperformance, one of them is already living up to our expectations: Cosmos ($ATOM).
In the “8 cryptos to watch” report, we highlighted Cosmos as:
“The central hub in a growing network of custom, interoperable blockchains, built using the Cosmos SDK (Software Development Kit) — Already secures over $170B worth of digital assets, with a growing community of apps and services — Lots of potential for future growth as the ecosystem expands."

Cosmos’ underlying mentions also demonstrated notable growth while the price fell in Q4’21 — Those mentions have surged to new highs in recent weeks, trending +49% MoM on a 30-day moving average.

The recent uptick in investor Buzz comes as a direct result of the impressive rally in the price of ATOM tokens, which have gained by more than +50% since the release of the “8 cryptos to watch” report.

In terms of market cap, the “Cosmos hub” (AKA: ATOM), isn’t even the largest blockchain built using the Cosmos-SDK framework.

Terra ($LUNA) takes that honor, with a market cap of $31B putting it just inside the top 10 (and several paces ahead of Cosmos at $9B).

We first identified this unique price-stability protocol as an outperformer in mid-September 2021.

Since then crypto-specific mentions of the Terra protocol and LUNA tokens have continued to outperform: +90% QoQ (30d MA)

LUNA tokens have also gained by more than +100% since our September feature, but of late, they have not shown the same strength as many other projects in the Cosmos ecosystem. THORChain ($RUNE), has not had that problem.
Although the market cap of this DeFi protocol remains well below its past highs (down nearly -50% since May), RUNE has joined in on the ATOM rally, up nearly +10% in the past week.

Want deeper insights? Get Free Access to The Vault.

Related Posts

Crypto Gainers: Avalanche and Terra ($AVAX, $LUNA)

Crypto Gainers: Avalanche and Terra ($AVAX, $LUNA) Over the past […]

Read More
Cosmos: Building a Blockchain Ecosystem ($ATOM)

Cosmos: Building a Blockchain Ecosystem ($ATOM) One of the most […]

Read More
Crypto Dip-Buying Opportunities ($ATOM, $EGLD)

Crypto Dip-Buying Opportunities ($ATOM, $EGLD) Stocks have come under pressure […]

Read More

Related Posts

Related Reports

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.