Cosmos price has been on an uptrend rush during the weekend.
As The Market is held at a spot and struggles, The Cosmos Prices isn’t held back.
It records over 35% gains since Saturday morning via Asia Time. Cosmos price set a new all time high of $44.54 according to data from CoinMarketCap.com.
The Cosmos Price Rise Details
Although, Cosmos makes little decline towards the US$41.72 mark immediately.
This spike is historic as it marks the first time it’s crossing the $40 mark.
Around Mid July, Cosmos price saw over 360% gain.
The ATOM token now has a market cap of $9.6 billion, making it the 20th worlds largest coin. Additionally, it get passed the internet computer token within 24hours.
Around August, SifChain, the decentralized exchange built on the Cosmos blockchain and the inter-blockchain communication protocol (IBC) collaborated to start trading between Cosmos and Ethereum
This recent Cosmos Price Rise places it among a few token that continues doing well despite market decline last week. The data shows all of thlse few token saw 15% gain during these times.
This few tokens includes Polkadot and Avalanche, all supported smart contracts.
These gains is to be in an influence from investor’s interest. Investors searches for a Solana Alternative for investments after it rallied up so much.
Conclusively, Smart Contracts continues to become the hot bed for investors starting from Solana rise and Cardano’s Hard Fork Upgrade. Investors are pouring their money into the project they term as Ethereum’s biggest competitors “Ethereum Killer”
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