Hello,

In my previous post : Crypto Market What to Expect, we saw that the probability of an Alt Season coming soon is good, but I could be wrong.

The Bitcoin train has already left and some Altcoins have already rebounded significantly.
Other Altcoins have rebounded a bit but are performing much less.

For newcomers entering this crypto market, I imagine it is difficult to find which crypto to invest in.
There are several themes : DEFI, RWA, AI, Gaming, Memecoins, etc.

For this example, I chose ATOM (COSMOS) for different reasons :

As we can see from the chart above, there has been a fairly recent capitulation.
But despite this capitulation, ATOM maintained an important support zone around $4.
Which simply means that everything that was sold by weak hands was bought back, otherwise the support zone would not have held.

I don't hang out on social media like Facebook, Twitter, etc. it's not my thing.
But it seems to me that the capitulation mainly came from the fact that there was not enough utility for the ATOM token.
Fine, that’s an understandable reason but the reality is that the overwhelming majority of crypto projects are in the same situation.
So for me, that wasn’t enough of a reason to make me capitulate too.

For those who follow my posts (despite my absences sometimes which can last a long time), you have noticed that since the end of 2022 in my posts, I have never changed my scenario. I have been playing the same one since the beginning : Bull Run.

Graphically, what we had on ATOM was a range that collapsed to form a bearish deviation.
What we expect now is a reintegration and then a bullish expansion :

Among the fundamental questions you might ask yourself :
Was this decline due to major technical problems that would have meant that the technology proposed by Cosmos would have become completely useless overnight?
If that were the case, I think the support zone around $4 would not have held and many projects using Cosmos technology would have left this ecosystem for another.
However, there are many very good projects that choose to use Cosmos technology such as Osmosis, DYDX, Injective, CRO, Celestia, Babylon, etc.

What is the easiest for all these projects ?
Ditch the COSMOS ecosystem and migrate to another ecosystem like ETH or SOL ?
Or provide a little support to the COSMOS ecosystem ?

Is it possible to find more utility for the ATOM token in the future ?

Remember Solana when it was around $10, not many people wanted to buy it.
I remember hesitating to invest at that time. I chose not to invest and it wasn't because an overwhelming majority of people said it was shit. But because the Solana blockchain was experiencing technical problems. I remind you that there were 11 shutdowns of the Solana blockchain due to technical problems. And also because my investment budget is limited, so I had to make choices.

I am invested in ATOM and bought between $10 and $15.
I think I have around 120 or 140 ATOM. So yes, this investment is not yet profitable. But compared to my entire portfolio, it's not a big loss because I also made investments that performed well.

Or for example FET (or ASI) which also uses Cosmos Hub technology :

We can see from the chart above that FET is in its reload zone to possibly continue its bullish expansion.
But nothing guarantees it. I do not know the future.

And I also invested in FET on February 5, 2023 : 129.8 FET for 50.8896476 USDT (0.392062 USDT per FET).

I am not trying to influence you to buy ATOM or FET or any other crypto.
I just find that ATOM (or FET) is a very good example of the type of chart that could interest new investors.
By searching, you will surely find other similar crypto charts and promising projects.

Personally, I have invested in many crypto projects (Did you buy the Dip ?) because I have absolutely no idea which cryptos will perform the best during the Bull Run.

It's not my place to tell you which crypto to buy.
My only goal here is to present you with a concrete example.
It's up to you to do your own research, weigh the risks (because there will always be risks, that's what investing is) and make your own choices.

This is not investment advice.
And the possibility that I'm wrong is also to be taken into account.
The crypto market is young, volatility is high.
Do your own research and measure the risks before making a decision.

Thanks for reading my post and happy Earnings :)

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