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Cosmos

Ethereum Completes its "Merge". What's Next for ETH2?The much anticipated "merge" has happened on the Ethereum network as of last night - so far there doesn't seem to be any major shifts, although if you're an ETH holder you may have noticed a sharp drop-off in price as of this morning. (The market is down as a whole, but ETH took a bigger hit than most, as of today.) This pattern can be seen pretty often in the industry, where a technical upgrade or public hype often triggers a short-term rally as it gets close to the date, then a massive sell-off right after. (Dogecoin in particular tends to be very susceptible to this especially on Twitter, I've noticed.) While some attribute this behavior as "whale activity", it's usually a sign that ETH still has downward pressure in terms of price - experienced investors often try to time their liquidations by riding short-term hype cycles of clearly-defined dates, as seen here. While the merge was a momentous occasion for the chain for sure, now that it's over it's going to shift the attention of the project to a number of challenges that will likely determine the viability of ETH2 in the long-term. A few of them are: - Yesterday probably marks the beginning of the proof-of-stake era for the crypto industry, especially as we head further into the recession and staking rewards (interest rates) start looking more appealing as a place for people to park their money, longer-term. ETH has made that transition, but there are also already many competitors out there (Tezos, Cardano, Cosmos, TRON, etc.) that outperforms ETH2's staking rewards by a very large margin right now. (Though to be fair, ETH2 is still beating the banks, which still is trying to stay at near-0, despite the Fed's rate hikes.) - "The merge" is only 1 out of 5 steps (Merge, Surge, Verge, Purge, Splurge) until ETH2 is "fully done", which is estimated to take 6 years or longer. Gas fees won't be affected until their "sharding" upgrade is complete, which doesn't have a deadline as of yet. (Until then, most ETH apps will largely sit idle/abandoned since practical usage is just not possible right now.) 6 years is a very long time to sit idle, really. - ETH2 is currently not liquid (you're not allowed to withdraw from ETH2 accounts until they're "ready"), which makes it much more inflexible and risky than traditional CDs and bonds that have fixed end dates. This is likely to make it very unappealing for most investors out there who will need more clarity and stability in their returns, especially during bear markets. - Though in theory they are supposed to be independent, we don't actually know what sorts of after-effects ETH2 will have on Layer 2s and ERC tokens built on top of the original chain. Time will tell, but if the price continues to drop (which is likely at this point), we may start to see unintended effects start to pop up. (A lot of crypto projects "balance" their economy with the idea of the price always going up - but that strategy has already backfired in a number of projects already.) - ETH doesn't support on-chain governance systems (like Tezos - Vitalik was on record being against the idea for a very long time) so there is no way for people to know whether or not the outcomes of DAO or multi-chain votes were done with due-diligence or not. Many businesses and organizations will not participate in these activities until this is fixed. Until then, ETH holders will have to just get used to big decisions behind done behind closed doors. - What happens with the migration of miners in the ecosystem (ETH was the go-to in terms of mining profitability until now) will be interesting to see since this will be major shift in hash-power allocation in the industry as a whole. Bitcoin mining - due to its fixed supply - has a extremely high difficulty curve and very difficult to turn a profit on so most miners are unlikely to go there, either. It may be an opportunity for a lesser known proof-of-work chains to make its move. (Especially "useful" PoW projects like Gridcoin and Golem.) -- All in all, the merge came and went, as with like most technical upgrades in the past, the market didn't seem too concerned -- at least, not yet. Ethereum has the bigger challenge now of addressing use-cases and business concerns in order to re-attract the talent and resources that had fled the scene since its gas-fee problem started becoming all too apparent. Can it stay competitive among the proof-of-stake league that have had more time to refine their process? Time will tell.
Long
by RyanTanaka
5
ATOMUSDT 3D Good growth prospect for medium and long-term tradesIt can be assumed that for the last 2.5 years the ATOMUSDT price has been moving up through a large channel. Now the liquidity zone $20-25 acts as a magnet for ATOMUSD price growth, it is possible that the price will be able to reach there in this wave of growth. "The sweet" buying zone for medium and long-term positions is around $10 per Atom In general, the Cosmos Atom token price showed a very good 200% rebound from the bottom of July 2022 among liquid coins This fact indicates that "buyers with money" believe in the future growth of the ATOMUSDT price. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
17
ATOM, great more than 130% in few week!At the beginning of July we posted an image of ATOM in which it was in a macro support at the price of $ 7.8 we opened a Long the result was very interesting. we made more than 130% in a few weeks. There is currently an important resistance (red box) where the price could go down a bit or break up. Much will depend on BTC, if the bear market comes to its end, ATOM will also do very well. We stay in HODL, see you soon for new updates. LPI.sa
COINBASE:ATOMUSDLong
by LPI_Investments
Restarting the cycleATOM has been pumped, and it has been dumped. Capitulation event has passed, allowing market maker to restart the cycle. One cool thing about "second class" cryptos like ATOM is that they don't even pretend that they are not manipulating the market, they just do it and they make it straight up obvious on the chart. The goal is always to remain attractive to traders with an offer such as this setup. Anything it takes to keep up the high volume and remain at the "top of CMC ranking". That is what brings in the retail money and pays for the entire show. What is going on now is that the price is kept in this channel as market maker tries to paint it to look as bullish as possible. Expecting the violent move up to $18 as it brakes out of the channel. Pump will likely start as BTCUSD brakes out and starts moving fast. Stop loss if it closes a candle under the channel.
Long
by Owcheew8
Cosmos Hub (ATOM) - September 3Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ATOMUSDT 1W Chart) - The key is whether you can climb to the 15.083 section. - When the Stoch RSI moves out of the overbought zone, the key is whether it can find support near 9.603. (1D chart) Primary resistance: 15.083 Secondary resistance: 20.955-23.269 Support: 6.809-9.603 It is necessary to check whether it is supported near 12.380. If it does not find support, it is likely to move towards the 9.603 level. - As the Stoch RSI indicator rose before falling to the oversold section, it can be seen that the bearish force is weak. However, if it fails to rise in the overbought zone and falls, it means that the upside power is also weak. This weakening of the overall strength increases the likelihood of a sideways movement, so the area around 12.380 is expected to be an important support and resistance point. - The 15.083 point is the point of support and resistance drawn on the 1M chart, which is important from a long-term perspective. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
We got a runner!Longed this last night, and added around 6pm today. Price has been running since. Just as the price finally broke above the 20dma, we see the price working through its S1 pivot point: Its always great to tag the bottom, and we potentially have just that. Looking at the weekly price action we see something to be very bullish about. Price could rise substantially into the EMA ribbon (which is sloping downward indicating the bearish trend is still in-tact.) If price breaks above the ema ribbon, we will add a lot of risk. From here, we will open a decent long and enjoy our 5% passive yield . The short term trend is very bullish, and this can be exhibited on the 4h with bollingers as price hugs 3StdDev: The slope of the moving average is also sloping ‘up’. Good entry, but keep risk dialed in. Good luck trading mates.
COINBASE:ATOMUSDLong
by ZenMode
1
ATOM/USDT 1D COSMOS CRYPTOCURRENCIESATOM/USDT 1D BYBIT:ATOMUSDT price $11.985 bybit perp, bullish for a long to 12.475, take profit on the climb up. resistance at 12.475, which has been rejected multiple times,(bearish), I would short, with tight stop loss, combined with being in a rising wedge, channel (bearish) we would need big volume to smash the resistance, rsi would need to be more oversold in the coming days for me to be bullish, as well increased buy volume. I am expecting rejection at 12.475, falling to 11.200, then 8.530 at some point in September. that's my bear case theory. I do like cosmos/atom and am bullish in the long term, I think its a great project and has many good projects running on it.
Long
by TechnicallyBullish
ATOM | Macro AnalysisHi guys! Please, support this idea and click the Boost button. Thank you! Let's start with what COSMOS (ATOM) actually is. Cosmos is a Proof-of-Stake Layer 0 blockchain, that solves the problems of Scalability, Usability, Sovereignty. In a nutshell, it's the base layer for other blockchains. The Cosmos Network is a decentralised ecosystem of independent blockchains that can scale and connect with one another. The world's most used framework for building blockchains is Cosmos SDK. Developers have built hundreds of blockchain projects on Cosmos, including BNB, CRO, RUNE, ROSE, OSMOS and many more. So, it's a fundamental, very solid project that have a bright future. Now let's talk about price. ATOM had a steady Uptrend from March 2020 to December 2021. This Impulse unfolded in 5 waves (black 1-5). In February ATOM broke that Multi Year Uptrend and perfectly retested it in April. Rejection there kicked off the impulsive Wave 3 that took us down to $5.5 We're currently in a corrective wave (4) of that impulsive Wave 3. As we see the ‘Sell the Bounce’ Zone was perfectly touched this week. (Would be ideal to get a test of the 0.618 Fib and rejection there). The last Wave down (5) is yet to get unfolded. I think it will take the price of ATOM to my Buy Zone between $3.5-4.9 (right where we have the 0.618 Fib from the low to high). That's my main buy zone for the Long term. There's a stinky bid around that 0.786 Fib just in case. Would be sweet to buy ATOM that cheap. A sneak peek of the Accumulation, New Uptrend & its Target (just my opinion) I hope you liked my analysis. What do you think about it? Please do share your thoughts in the comments! If you like the idea, please, hit the Boost button and subscribe to the profile in order not to miss updates The information given is never financial advice. Always do your own research
by CryptoBullet
18