- Blockworks research tweeted that ATOM is up by 43%, and OSMO is up by 20% in the past 30 days.
- The crypto research platform claims the price hike is because of the Atom 2.0 rumors and the upcoming Cosmoverse conference.
- Blockworks Research analyzed detected a supply squeeze happening on ATOM and OSMO.
Blockworks research, a crypto research platform, tweeted that Cosmos (ATOM) has been up by 43% in the past 30 days, and OSMO has been up by 20% in the past 30 days. The crypto research platform claims the price hike is because of the Atom 2.0 rumors and the upcoming Cosmoverse conference.
The Cosmos ecosystem has shown notable strength over the past few weeks.
ATOM is up 43% in the past 30d, and OSMO is up 20% in the past 30d.
We can attribute this performance to Atom 2.0 rumors and the upcoming Cosmoverse conference.
🧵 by @0xpibblez
— Blockworks Research (@blockworksres) September 19, 2022
Additionally, Blockworks Research detected a supply squeeze happening on ATOM and OSMO. The research company further explained that the total staked ATOM comprises 70% of the total circulating supply. While the total staked OSMO consists of 60% of the total circulating supply.
Furthermore, Blockworks Research explained that ATOM has a 21-day unbonding period, which means that a substantial portion of the supply is locked up. Likewise, OSMO also has a 14-day unbonding period.
Last March, Cosmos completed the Theta Upgrade, which brings them one step closer to achieving the goals of the Cosmos Hub Roadmap 2.0. The rumored ATOM 2.0 would focus on liquidity, economic security, usability, and participation. ATOM 2.0 will also include revised tokenomics.
On a recent episode on Empire pod, the Co-founder of Sommelier, Zaki Manian, said:
We’re gonna make EIP-1559 look like a joke.
At the time of writing, ATOM is priced at $15.50 with a 3.69% surge in 24 hours, but experienced a 2.69% fall in seven days. ATOM has a 24-hour trading volume of $624,120,488 with a fall of 4.40%. Currently, a total of 286,370,297.00 ATOM is circulating in the market.
Sommelier is built on the Cosmos SDK to maximize interoperability with other blockchains, and the platform is a reimagined gateway into interchain DeFi.
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