Home Altcoins News Cosmos Blockchain Air Drops Pushed the ATOM Price Higher

Cosmos Blockchain Air Drops Pushed the ATOM Price Higher

Cosmos Air Drops Pushed the ATOM Price Higher

The prices of air-dropped tokens for Cosmos Stockers have increased over the past 24 hours. The upcoming airdrops to Cosmos stakers and the bridge implementation between Cosmos and Polkadot contributed to the price rise of ATOM.

The price of ATOM, the token of blockchain Cosmos, increased to as high as 8% as investors bet on further upside for the high-speed blockchain.  Thus, making the token one among the very few gainers.

ATOM increased to $35.22 during early Asian hours from the Sunday’s lows of $28. The prices showed resistance beyond $35.22 and fell down to $32.

While ATOM price touched the all-time high of $45 in the past week, the price went down by 25% due to the drop in the broader crypto market.

On January 19, 2022, Cosmos Air Drops Retweeted:  Upcoming Cosmos Airdrops I’m most excited about: Evmos $EVMOS, Sommelier $SOMM, OmniFlix $FLIX, Umee $UMEE (tentative), Gnoland $GNO, Shade $SHD, Gravity DEX/Bridge (tentative), Sagan Network (tentative) and pStake $PSTAKE.”

There are MANY more that are in the works. Really hard to keep up with all of them. We just got $STARS $HUAHUA $CMDX $DSM $LUM $BTSG which for many means 4-5 figs worth of free money BUT most importantly, these airdrops bootstrap the liquidity & user base in the first place and are NOT there to make us rich quick. I recommend to use these funds to get familiar with the product and if you like it, use it. If not, feel free to sell it. The market will decide whether there is PMF

How to MAXIMISE YOUR ELIGIBILITY? Set up your keplrwallet, Stake ATOM natively on-chain, Provide liquidity on Osmosis w. popular pairs, Stake OSMO natively on-chain, Stake JUNO natively on-chain Avoid 0% commission validators and Avoid CEX validators.

I strongly recommend to be active on CT (Cosmos Twitter). Sometimes, airdrops will be given only if you delegate to certain validators.

The above is just one kind of airdrop announcement if you are not familiar with any before.

The Tokens of the protocols which were built into the Cosmos were thus previously aired to stackers, which made huge profits on Monday morning.  Reportedly, Juno Network (JUNO), Stargaze (STAR) and Comdex (CMDX) – DeFi-centric tokens built into Cosmos – have increased by 6% in the last 24 hours.

Air drops are part of the planned operation for Cosmos stackers. Cosmos relies on validators to provide computer resources, such as proof-of-stock blockchain, in exchange for token rewards, to maintain the network, to make transactions, and to lock ATOMs into notes. Projects built into the Cosmos offer additional yields to users.

Native Projects automatically drops tokens to Cosmos stackers based on their total stake, resulting in additional value for ATOM holders.

Also, the upcoming release of EVMOS increased interest in Cosmos among investors.  Forthcoming EVMOS release draws attention and talks in the cryptocurrency space. Evmos(The Ethereum Virtual Machine(EVM) Hub on Cosmos)is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum.

It’s built using the Cosmos SDK which runs on top of Tendermint Core consensus engine. Evmos allows for running vanilla Ethereum as a Cosmos application-specific blockchain. EVMOS (formerly Ether mint) will allow EVM-compatible applications to integrate into the Cosmos ecosystem.

 

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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