The bear market has brought to hell many chains but also will give the possibility to others to rise from the ashes.
Here's why I'm paying attention to the Cosmos ecosystem $ATOM.
๐1/24๐งต
Here's why I'm paying attention to the Cosmos ecosystem $ATOM.
๐1/24๐งต
1.
In this thread I will cover:
โข Core products
โข Cosmos metrics
โข What is happening + ๐ in the ecosystem
โข PA
โข Final considerations
As always, remember that these are not financial advice but only informative content.
Take it as that.
In this thread I will cover:
โข Core products
โข Cosmos metrics
โข What is happening + ๐ in the ecosystem
โข PA
โข Final considerations
As always, remember that these are not financial advice but only informative content.
Take it as that.
2.
So, first of all, it's important to know that $ATOM is about interoperability.
You cannot call it blockchain but instead internet of blockchains as they can communicate together.
As said in one of my threads, interoperability will play a massive role.
So, first of all, it's important to know that $ATOM is about interoperability.
You cannot call it blockchain but instead internet of blockchains as they can communicate together.
As said in one of my threads, interoperability will play a massive role.
3.
After this first premise letโs analyze the core aspects of Cosmos and why itโs interesting.
โข Tendermint BFT (Byzantine Fault Tolerant)
A POS consensus mechanism that simplifies the overall process for developers.
After this first premise letโs analyze the core aspects of Cosmos and why itโs interesting.
โข Tendermint BFT (Byzantine Fault Tolerant)
A POS consensus mechanism that simplifies the overall process for developers.
4.
It packs up both consensus and networking into a sort of engine, so developers could focalize more on building both dapps and blockchains maintaining a high standard of security.
BFT makes sure that the chain works smoothly with a max of 1/3 malicious nodes.
It packs up both consensus and networking into a sort of engine, so developers could focalize more on building both dapps and blockchains maintaining a high standard of security.
BFT makes sure that the chain works smoothly with a max of 1/3 malicious nodes.
5.
โข Cosmos SDK.
Itโs a framework to build easier and quicker as developers can mix โprepackagedโ blocks.
โข Quicker: Developers start from something already written.
โข Easier: As there is something ready, bugs and issues are drastically reduced.
โข Cosmos SDK.
Itโs a framework to build easier and quicker as developers can mix โprepackagedโ blocks.
โข Quicker: Developers start from something already written.
โข Easier: As there is something ready, bugs and issues are drastically reduced.
6.
โข IBC (Inter blockchain communication protocol)
This is the system that creates interoperability.
Any blockchain that has IBC can transact, send and receive with any IBC network.
Tokens can move without the need for bridges or synthetic assets.
โข IBC (Inter blockchain communication protocol)
This is the system that creates interoperability.
Any blockchain that has IBC can transact, send and receive with any IBC network.
Tokens can move without the need for bridges or synthetic assets.
7.
So whatโs happening on Cosmos?
If we take a look at both daily active addresses and transactions we can see the resilience that the network has shown despite the bear market conditions.
These metrics are correlated with the organic and fair growth that we've recently seen.
So whatโs happening on Cosmos?
If we take a look at both daily active addresses and transactions we can see the resilience that the network has shown despite the bear market conditions.
These metrics are correlated with the organic and fair growth that we've recently seen.
8.
Cosmos is also seeing an increase in active developers across the overall ecosystem.
The increase is pretty much significant with +56% in the last year, a sign to gauge the strength of the network.
Cosmos is also seeing an increase in active developers across the overall ecosystem.
The increase is pretty much significant with +56% in the last year, a sign to gauge the strength of the network.
9.
Another interesting metric to watch is the amount of repos which positions Cosmos ecosystem as number 3 in the ranking below $ETH and $DOT, a sign of both increase in interest and activity.
Another interesting metric to watch is the amount of repos which positions Cosmos ecosystem as number 3 in the ranking below $ETH and $DOT, a sign of both increase in interest and activity.
10.
โข Tokenomics.
$ATOM has 292.581.000 of supply but the total one isnโt capped and this has been a concern for many investors.
Currently, the $ATOM has a dynamic inflation rate that swings from 7% to 20%, linked to the relationship with bonding, that discourages staking.
โข Tokenomics.
$ATOM has 292.581.000 of supply but the total one isnโt capped and this has been a concern for many investors.
Currently, the $ATOM has a dynamic inflation rate that swings from 7% to 20%, linked to the relationship with bonding, that discourages staking.
11.
Anyways, at the recent Cosmoverse hosted in Medellin, a new idea of tokenomics has born.
The proposal of having a fixed emission of 300.000 $ATOM per month that will, in the future, replaced by revenues generated from the chain like commissions, for example.
Anyways, at the recent Cosmoverse hosted in Medellin, a new idea of tokenomics has born.
The proposal of having a fixed emission of 300.000 $ATOM per month that will, in the future, replaced by revenues generated from the chain like commissions, for example.
12.
This should work as a sustainable model together with the liquid staking, creating less inflation and bringing it down to approximately 0.1%.
For knowledge, liquid staking will allow stakers to be liquid while securing the network increasing the overall liquidity in $ATOM.
This should work as a sustainable model together with the liquid staking, creating less inflation and bringing it down to approximately 0.1%.
For knowledge, liquid staking will allow stakers to be liquid while securing the network increasing the overall liquidity in $ATOM.
13.
Interesting plays that I'm looking into the Cosmos ecosystem:
โข $JUNO @JunoNetwork
Juno is an SC platform and community-owned one, home of CosmWasm.
Thatโs the 2nd biggest smart contract platform after Ethereumโs EVM.
Interesting plays that I'm looking into the Cosmos ecosystem:
โข $JUNO @JunoNetwork
Juno is an SC platform and community-owned one, home of CosmWasm.
Thatโs the 2nd biggest smart contract platform after Ethereumโs EVM.
14.
โข $KUJI @TeamKujira
One of my favorite picks of $ATOM ecosystem.
Kujira is a L1 blockchain that wants to build sustainable DeFi through real yields.
Orderbook style perp DEXs can become a good narrative for the future as people are no longer trusting centralized entities.
โข $KUJI @TeamKujira
One of my favorite picks of $ATOM ecosystem.
Kujira is a L1 blockchain that wants to build sustainable DeFi through real yields.
Orderbook style perp DEXs can become a good narrative for the future as people are no longer trusting centralized entities.
15.
โข $SCRT @SecretNetwork
Secret Network is a protocol focused on privacy-preserving smart contracts that enable Dapps to perform encrypted computations.
As privacy is important for all sectors, $SCRT can become an interesting play, due to its particular functionalities.
โข $SCRT @SecretNetwork
Secret Network is a protocol focused on privacy-preserving smart contracts that enable Dapps to perform encrypted computations.
As privacy is important for all sectors, $SCRT can become an interesting play, due to its particular functionalities.
16.
Other projects gravitate around Cosmos like $OSMO, $AXL and Berachain ๐ป (proof of liquidity consensus) for example, but my focus remains on the three above.
Let's now take a look at the PA of $ATOM, how it has performed and the current moves.
Other projects gravitate around Cosmos like $OSMO, $AXL and Berachain ๐ป (proof of liquidity consensus) for example, but my focus remains on the three above.
Let's now take a look at the PA of $ATOM, how it has performed and the current moves.
17.
Like the rest of the market it has dropped heavily but remains at -70% compared to others that have lost -80/90% and up +8.30% in the last month.
This performance has been ignited by the overall growth of the ecosystem, in other cases, it would be down 90% too.
Like the rest of the market it has dropped heavily but remains at -70% compared to others that have lost -80/90% and up +8.30% in the last month.
This performance has been ignited by the overall growth of the ecosystem, in other cases, it would be down 90% too.
18.
If we take the weekly chart we can see how it has broke the 10.4$ resistance.
Flip it and 13.2$ + 15.4$ are on the table.
Anyways, Iโm looking to accumulate it into the red zone (4.50$/6$range) if we get there.
That should represent a good long-term opportunity.
If we take the weekly chart we can see how it has broke the 10.4$ resistance.
Flip it and 13.2$ + 15.4$ are on the table.
Anyways, Iโm looking to accumulate it into the red zone (4.50$/6$range) if we get there.
That should represent a good long-term opportunity.
19.
Some things to consider:
โข Distribution: 80.12% investors, 19.88% to founders and project.
โข If other chains will move to Cosmos through SDK then weโll see important growth.
โข Would be cool to see $ATOM involved in processing IBC transactions ๐ more demand.
Some things to consider:
โข Distribution: 80.12% investors, 19.88% to founders and project.
โข If other chains will move to Cosmos through SDK then weโll see important growth.
โข Would be cool to see $ATOM involved in processing IBC transactions ๐ more demand.
20.
โข ICS (internet-chain security) will benefit $ATOM as the outside chains can secure themselves through Cosmos validators. ๐
Conclusion.๐
As some chains are struggling, Cosmos appears as one of the most resilient in space, fortifying its position.
โข ICS (internet-chain security) will benefit $ATOM as the outside chains can secure themselves through Cosmos validators. ๐
Conclusion.๐
As some chains are struggling, Cosmos appears as one of the most resilient in space, fortifying its position.
21.
Itโs a chain that I'm monitoring on a daily basis because due to its ease of use can attract both developers and users.
Nice UI + interoperability are also two great points.
What I want to see in the future it's a solid improvement in tokenomics.
Itโs a chain that I'm monitoring on a daily basis because due to its ease of use can attract both developers and users.
Nice UI + interoperability are also two great points.
What I want to see in the future it's a solid improvement in tokenomics.
22.
If the project continues to grow on the fundamental aspect, I will look to add some positions for the long-term.
The promises are solid and as said previously the struggles of other chains can benefit $ATOM bringing a new wave of interest in the whole ecosystem.
If the project continues to grow on the fundamental aspect, I will look to add some positions for the long-term.
The promises are solid and as said previously the struggles of other chains can benefit $ATOM bringing a new wave of interest in the whole ecosystem.
23.
To close the thread I leave you here below an interesting tool that you can use to monitor the Cosmos network and see IBC volume, transfers, totals txs and other metrics ๐
@MapOfZones
mapofzones.com
Highly recommended.
To close the thread I leave you here below an interesting tool that you can use to monitor the Cosmos network and see IBC volume, transfers, totals txs and other metrics ๐
@MapOfZones
mapofzones.com
Highly recommended.
24.
Thatโs it!
If you liked the thread and found value in it, consider leaving me a follow @IamZeroIka
More content will be out soon.
Thanks for reading, Zero.
Thatโs it!
If you liked the thread and found value in it, consider leaving me a follow @IamZeroIka
More content will be out soon.
Thanks for reading, Zero.
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