Osmosis, a DEX on Cosmos Hub witnesses huge growth on the social front Despite this ATOM’s prices and sentiment against Cosmos Hub continued to decline $OSMO, the token for the largest DEX on Cosmos, outperformed a lot of other cryptocurrencies on the social front. The token ranked 3rd in terms of AltRank according to social […]
However, despite the attention being directed towards the Cosmos ecosystem, the sentiment against the cryptocurrency remained negative. As can be seen from the image below, the weighted sentiment for Cosmos Hub remained negative throughout the last few months.Cosmos Hub.This negative sentiment did not impact Comos’ total value locked to a great extent. As can be seen in the chart given below, Comos Hub’s TVL witnessed an uptick after 22 November.
Furthermore, the Relative Strength Index stood at 38.92, which indicated that the momentum was with the sellers at the time of writing. The Chaikin Money Flow was at -0.15 which also implied a bearish outlook for ATOM in the near future.ATOM’s volume declined massively over the last month. It fell from 282 million to 103.7 million in the last month. However, its development activity increased over the last two weeks.
This indicated that the development team had been making several contributions to Cosmos’ GitHub. This could also imply that new upgrades and updates for ATOM could be on the horizon.At the time of writing, ATOM was trading at $9.60 and its market cap dominance had depreciated by 13% in the
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