Friday, June 9, 2023

Cosmos Has a Promising Future in 2019


Named as the internet of blockchains, Cosmos has been the newest member of the 20 market cap coins in 2016.The project aims to inscribe expandability and functionality issues that have plagued other blockchains over time. It also directs to enlarge partnership and connections between various blockchains something that doesn’t prevail in this day.

The platform is a Proof of Stake (PoS) project and flows on Tendermint algorithm, which is fitting for going over public PoS blockchains. Its construction consists of several independent blockchains that recognize as “Zones” to which the central blockchain, Hub, attaches.

The project’s basic cryptocurrency name is ATOM. This coin is currently in the top twenty crypto charts on Binance, grabbing traders’ attention. Nonetheless, it is only the beginning of the project, and it is still a work in progress.

Let’s look at the reasons why this token has a good future in the year 2019.

Firstly, the project listing on Binance validates by the major cryptocurrency exchange in the world. That day, Binance said it would list ATOM on its platform, causing the token’s price to rise by 45 percent. From that time, the value of the coin has been on an uphill flight path.

Like other platforms that charge listing fees. Cosmos got a free listing as part of a new transparency program that allows certain projects with excellent criteria to acquire a free listing.

Being on the list of a huge crypto exchange is significant since it might determine the token’s acceptance and market influence. It helps projects get new users and ushers’ equity, which is essential for their survival.

Cosmos Rank

As of the moment, Cosmos ranks 15th on the crypto charts with a market cap of more than $779 million.

Secondly, the global economy will run on the blockchain. We expect the global economy to continue given that technology and crypto currency made it possible to provide services previously unachievable. Consider a firm and unexpurgated trading, free and fast worldwide transactions a virtual store or value, and so on.

However, in order for blockchain to achieve extensive prospects, everyone needs to work in camaraderie. Currently, there are many tribal disparities between teams and communities, which are not acceptable in technology.

Lastly, after the crypto winter in 2018, there were indications that the bulls are finally coming back. The crypto market has built on over $80 billion since December 2018, and it continuously builds its velocity.

So far, there have been over 50% for BTC just this year.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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