Cosmos has been heavily focused on growth and it looks like that focus is paying off. Its native cryptocurrency ATOM is currently one of the biggest gainers in the list of the top 50 cryptocurrencies by market cap.

ATOM currently has a price tag of $27.80 after registering a 13.91% rally in the last 24 hours and 17% in the last 7 days at the time of this press. It is one of the few cryptocurrencies that have maintained their parabolic run even after the recent dip from which it promptly recovered.

Source: Binance

ATOM’s performance especially in the last 24 hours was so impressive that it almost reached its all-time high of $32.32 which it achieved in May. It peaked at $29.81 earlier today before a slight retracement to its current price. The cryptocurrency’s buying volume has increased drastically in the last two days, perhaps due to a flood of retail investors looking for a good coin to jump on now that most of the top coins have been in the red. The RSI indicator suggests that ATOM might deliver some more gains and possibly set a new all-time high within the next few days if it maintains its current bull run.

A look at some of the developments on the Cosmos blockchain

Cosmos is one of the blockchain projects that aim to facilitate blockchain interconnectivity and its developers have been working diligently towards achieving that goal. There are multiple developments on the network that have contributed to ATOM’s rally. For instance, they recently rolled out the final testnet for Juno, a smart contract network within Cosmos’s ecosystem that is designed to facilitate the availability of interoperable smart contracts.

Juno is scheduled for an official launch in October and such projects on Cosmos are important because they create demand for ATOM which is staked to facilitate the platform. Cosmos also called on validators to participate in Hera as it prepares for the mainnet launch. TFL recently revealed plans to launch a new infrastructure funding initiative called Project Dawn, which plans to raise $150 million which will fund the development of Cosmos infrastructure for the Terra blockchain.

One of the most notable developments announced recently is that Interchain security is coming to Cosmos. Security is a vital part of any network and it is of utmost importance on Cosmos considering that it connects to many other blockchains. Interchain security is the solution that Cosmos will roll out to ensure that all the blockchains connected to the Cosmos hub enjoy a high degree of security as the network rapidly blossoms into an internet of blockchains.

Cosmos announced earlier this month that it is bringing Bitcoin to its network through InterBTC. Having the most popular cryptocurrency connected to the internet of blockchains through Cosmos is a big deal for the crypto market. This is because it will unlock a lot more value by allowing BTC to tap into the scaling of other networks.

Interoperability will eliminate some problems such as blockchain fragmentation while allowing users to control their portfolio from within a single interface. The current fragmentation warrants multiple interfaces. The integration with Cosmos will enable the network to benefit from Bitcoin-related transactions.