{"id":67761,"date":"2023-06-14T14:52:58","date_gmt":"2023-06-14T09:22:58","guid":{"rendered":"https:\/\/mudrex.com\/blog\/?p=67761"},"modified":"2023-06-14T14:53:00","modified_gmt":"2023-06-14T09:23:00","slug":"coin-of-the-day-atom","status":"publish","type":"post","link":"https:\/\/mudrex.com\/blog\/coin-of-the-day-atom\/","title":{"rendered":"Coin of the Day- ATOM"},"content":{"rendered":"\n<p>Today, we\u2019re discussing a coin that aims to connect blockchains and create an \u201cInternet of Blockchains.\u201d That\u2019s right. Today\u2019s Coin of the Day is Cosmos, which we will be evaluating on various parameters to help you decide if this is the right investment for you.<\/p>\n\n\n\n<p>So let\u2019s dive right in!<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\" id=\"h-day-13-cosmos-atom-coin-of-the-day-report\"><strong>#Day 13 &#8211; Cosmos (ATOM) Coin Of The Day Report<\/strong><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/21396883-856x1024.png\" alt=\"\" class=\"wp-image-67762\" width=\"483\" height=\"578\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/21396883-856x1024.png 856w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/21396883-251x300.png 251w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/21396883-768x919.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/21396883.png 966w\" sizes=\"(max-width: 483px) 100vw, 483px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><br><strong>ATOM Score<\/strong><strong><br><\/strong><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Bar-13-1024x288.png\" alt=\"\" class=\"wp-image-67763\" width=\"512\" height=\"144\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Bar-13-1024x288.png 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Bar-13-300x84.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Bar-13-768x216.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Bar-13.png 1264w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure><\/div>\n\n\n<p>ATOM\u2019s bullish score is a testament to its robust fundamentals and consistent growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><br><strong>How Did We Arrive at This Score?<\/strong><\/h2>\n\n\n\n<p>We evaluated Cosmos on the following parameters.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:17px\">1. <strong>Price<\/strong> <strong>Performance \u2705<\/strong><\/h3>\n\n\n\n<p>Though past price movements don\u2019t necessarily dictate future prices, it\u2019s good to know how your potential investments have performed historically.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964215-1024x897.png\" alt=\"\" class=\"wp-image-67764\" width=\"512\" height=\"449\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964215-1024x897.png 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964215-300x263.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964215-768x673.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964215.png 1413w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:17px\"><br>2. <strong>Fundamental Analysis \u2705<\/strong><strong><br><\/strong><\/h3>\n\n\n\n<p>In this section, we evaluate the Cosmos network based on critical on-chain metrics.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" style=\"font-size:17px\"><strong>2.1. Active Addresses Count\u00a0<\/strong><\/h4>\n\n\n\n<p>Active address count indicates the overall activity on the network. A growing active address count signals a growing network and positively impacts the network token&#8217;s price.<\/p>\n\n\n\n<p><br>Monthly active addresses on the Cosmos network went from ~207k in June 2022 to around 235k in May 2023.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" style=\"font-size:17px\"><br>2.2. <strong>NVT Ratio<\/strong><\/h4>\n\n\n\n<p><strong>\ud83d\udca1NVT Ratio:<\/strong> It compares a cryptocurrency&#8217;s market cap to its transaction volume. A high ratio suggests a potential bubble since the market cap is outpacing the transaction volume. A low ratio indicates an undervalued token.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964216-1024x240.png\" alt=\"\" class=\"wp-image-67765\" width=\"512\" height=\"120\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964216-1024x240.png 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964216-300x70.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964216-768x180.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964216-1536x360.png 1536w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964216.png 1669w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure><\/div>\n\n\n<p><br><em>P.S. The NVT ratio for each cryptocurrency varies. Also, one shouldn\u2019t look at NVT in isolation and must always combine it with other indicators.<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" style=\"font-size:17px\"><strong>2.3. Blockchain Roadmap<\/strong><strong><br><\/strong><\/h4>\n\n\n\n<p>The Cosmos blockchain\u2019s roadmap can be divided into two parts &#8211; a record of past milestones and plans that are currently in progress.<\/p>\n\n\n\n<p><strong>Past milestones<\/strong><\/p>\n\n\n\n<ol>\n<li>Introduced the Inter-Blockchain Communication (IBC) protocol, which allows different blockchains to communicate with each other securely and efficiently.<\/li>\n\n\n\n<li>Released the Cosmos SDK, which enables developers to easily build custom blockchains on the Cosmos network.<\/li>\n\n\n\n<li>Launched the Gravity DEX, a decentralized exchange with a unique design and a user-friendly interface that quickly became popular among the community.<\/li>\n<\/ol>\n\n\n\n<p><strong>Plans in progress<\/strong><\/p>\n\n\n\n<ol>\n<li>The Rho Upgrade- It focuses on improving security on the network by reducing the likelihood of validators misbehaving.<\/li>\n\n\n\n<li>Replicated Security- It is the first version of Cosmos\u2019s Interchain Security, and it will allow blockchains in the Cosmos ecosystem to share validation resources among themselves, thus improving the security of the network.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:17px\"><br><br>3. <strong>Community<\/strong> <strong>Sentiment<\/strong><\/h3>\n\n\n\n<p>The ATOM Fear and Greed Index analyzes social mentions, search engine queries, and technical indicators to gauge community sentiment. Fear suggests higher levels of uncertainty around ATOM. However, Warren Buffett once said that it is wise for investors to be \u201cfearful when others are greedy, and greedy when others are fearful.\u201d<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964217.png\" alt=\"\" class=\"wp-image-67766\" width=\"483\" height=\"446\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964217.png 966w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964217-300x277.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964217-768x709.png 768w\" sizes=\"(max-width: 483px) 100vw, 483px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:17px\">4. <strong>Technical Analysis \u2705<\/strong><\/h3>\n\n\n\n<p><strong>Oscillators:<\/strong> They suggest a buy signal when an asset is oversold, indicating that the security may be underpriced and vice versa.<\/p>\n\n\n\n<p><strong>Moving Averages: <\/strong>When a moving average crosses above another moving average, it indicates that the trend is bullish and vice versa. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"357\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964212-1024x357.png\" alt=\"\" class=\"wp-image-67767\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964212-1024x357.png 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964212-300x105.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964212-768x268.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964212-1536x536.png 1536w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/06\/Frame-480964212-2048x715.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><br><br>\ud83d\udca1Oscillators and moving averages both lean towards sell, indicating active selling to a point that the asset has become oversold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><br><strong>Key Highlights<\/strong><br><\/h2>\n\n\n\n<ol>\n<li>The Cosmos network ranked third among all blockchains in terms of developer activity on its network in 2022, recording 1622 Github commits. This ranked it ahead of networks like Ethereum and Polygon.<\/li>\n\n\n\n<li>Q1 of 2023 saw the Cosmos network implementing much-anticipated upgrades to its ecosystem, including the Rho upgrade and the Interchain Security feature, both of which contributed to improving the network&#8217;s security.<\/li>\n\n\n\n<li>Cosmos-based blockchain Injective partnered with Eclipse to launch a rollup chain that would make Solana applications accessible through Cosmos, effectively creating a larger audience for the Cosmos ecosystem.<\/li>\n<\/ol>\n\n\n\n<p><em>Disclaimer: None of the information in the email is intended to be financial advice. Please do your own research before making any investments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, we\u2019re discussing a coin that aims to connect blockchains and create an \u201cInternet of Blockchains.\u201d That\u2019s right. Today\u2019s Coin of the Day is Cosmos, which we will be evaluating on various parameters to help you decide if this is the right investment for you. So let\u2019s dive right in! #Day 13 &#8211; Cosmos (ATOM) [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":67770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1082],"tags":[],"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67761"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=67761"}],"version-history":[{"count":1,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67761\/revisions"}],"predecessor-version":[{"id":67772,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67761\/revisions\/67772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media\/67770"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=67761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/categories?post=67761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/tags?post=67761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}