ATOM could witness significant demand from DEXes in the future ATOM traders could watch out for an upcoming bullish trend The Cosmos blockchain maintained steady development in line with its long-term goal. The latest update from Informal Systems, one of the developers on the Cosmos network, reaffirmed its commitment towards development. Furthermore, it highlighted some […]
are critical for the Cosmos ecosystem because they will fast-track adoption and utility.
Informal Systems also revealed that the Interchain Security launch will also come with a roll out of the Duality XYZ DEX.. We will likely see an increase in demand from the DEX side. Liquid staking will be a feature in Interchain Security. These are just some of the potential demand drivers that the Cosmos ecosystem will create in the next few months.
Cosmos has already seen an upsurge in its development activity metric. This was confirmation that the network developers have been busy working on the upcoming upgrades.Healthy development activity is one of the metric that determines investor confidence. But, ATOM’s price action leaned towards the bearish side especially in the last two weeks. Its $8.85 press time price represented a 42% drop from its current monthly high.ATOM hovered above the oversold zone at the time of writing.
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