Although its value has not increased significantly in recent months, we cannot deny that its working mechanism has improved. Today Cosmos cryptocurrency (ATOM) is one of the most stable; in fact, experts say that it has surpassed bitcoin in terms of performance.
Cosmos works through a blockchain protocol that allows communication between chains. During the third quarter of 2020, this cryptocoin has seen a massive increase and was ranked among the top 20 of the most sought after and traded digital currencies in the market; in fact, its daily volume at that time was USD 330 million. Right now, it is ranked #26 on coinmarketcap, with a volume of $500 million.
The price of ATOM is currently at USD 8, and although its beginnings were not the most encouraging when we talk about its price and its development in recent months, the picture changes completely.
For many, Cosmos is even at the height of Ethereum, having lower fees and better features (blockchain interoperability, modularity development, and scalability).
Cosmos (ATOM) price is still quite low, but in my opnion it's worth investing, given its potential. But it would be a mistake to put everything on a particular cryptocurrency since the market can rise today and show incredible values, but it can also fall tomorrow; we cannot ignore that and Cosmos makes no exception.
One of the virtues of this cryptocurrency (although many see it as a great disadvantage) is that it less volatility than most of the other coins.
More advantages of Cosmos
The cosmos cryptocurrency allows users to develop blockchains without any limitations, an activity that provides the opportunity to carry out projects in a short time.
ATOM allows to carry out a large number of operations in less time than Ethereum.
It has a modular system, which in addition to being easy to use, has the necessary tools to develop apps.
It has a unique system to work, which allows generating any type of changes and solving errors.
It offers more security than other cryptos.
ATOM has a total supply of 260,906,513 tokens (209,606,801 of which are circulating now).
ATOM is currently traded on all the major exchanges, such as Binance, Coinbase and Kraken.