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Should you buy ATOM as Cosmos Hub released the ATOM 2.0 whitepaper?

The ATOM 2.0 whitepaper was released on September 26, 2022, that outlined numerous new changes to the tokenomics as well as additional features for the…

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This article was originally published by Invezz - Market Analysis

The ATOM 2.0 whitepaper was released on September 26, 2022, that outlined numerous new changes to the tokenomics as well as additional features for the Cosmos (ATOM/USD) Network.

Cosmos is an ecosystem of interoperable and sovereign blockchain applications and services, while ATOM is the cryptocurrency that powers an entire ecosystem of blockchains, which are purpose-built to scale and interoperate with one another.

The ATOM 2.0 whitepaper release as a catalyst for growth

In the latest Cosmos news, one of the most highly-anticipated updates within the Cosmos ecosystem, known as the ATOM 2.0 whitepaper, was released following a series of speeches from the co-founder of Cosmos, Ethan Buchman, the co-founder of Osmosis, Sunny Aggrawal, and the co-founder of Iqlusion, Zaki Manian at Cosmoverse.

This 27-page document which is titled “The Cosmos Hub,” was penned by Buchman, Manian as well as eight other figures within the community.

It outlines new tokenomics, as well as a suggestion for the implementation of multiple new features across the broader ecosystem.

The monetary policy proposed here is in two steps; a 36-month-long transitional phase will be introduced.

Here, 10 million ATOM would get issued on a monthly basis, and the issuance rate would then decrease until reaching emissions of 300,000 ATOM per month, which would bring the inflation rate down to 0.1%.

The three new features include The Interchain Scheduler, The Interchain Allocator, and the Governance stack as well. 

Should you buy Cosmos (ATOM)?

On September 27, 2022, Cosmos (ATOM) had a value of $14.337.

ATOM/USD Chart By TradingView.

The all-time high of the Cosmos (ATOM) cryptocurrency was on January 17, 2022, when it reached a value of $44.45. Here we can see that at its ATH, the token was trading $30.113 higher in value or by 210%.

When we go over its weekly performance, Cosmos (ATOM) had its low point at $13.15, while its high point was at $15.50. Here, we can see an increase of $2.35 or 18%.

Its 24-hour performance is also similar, with a low point at $13.82 and a high point at $14.81. This marks an increase of $0.99 or 7%.

Looking at the chart, we can see that Cosmos (ATOM) started April at a value of $31.87 and gradually decreased to $18.08 and $14.33.

With this in mind, investors might want to buy ATOM at $14.337, as with the whitepaper and recent developments, it can climb to a value of $18 by the end of October 2022.

The post Should you buy ATOM as Cosmos Hub released the ATOM 2.0 whitepaper? appeared first on Invezz.




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