Бул Космостун өнүгүүсү ATOMду 2023-жылга карай өстүрө алабы?

• 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 analytics firm Lunar Crush.

                        окуу Космостун [ATOM] баасын болжолдоо 2023-2024

All the ‘ATOM’ic hype 

$OSMO managed to show immense improvements on the social front. According to data provided by Lunar Crush, its social mentions grew by 97% and its social engagements increased by 212% over the last week. The attention being garnered by Osmosis could bring attention to Cosmos’ ecosystem and help Космос борбору өсүү.

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.

This indicated that the crypto community had more negative than positive things to say about Cosmos Hub.

Булак: Сантимент

This negative sentiment did not impact Comos’ total value locked (TVL) to a great extent. As can be seen in the chart given below, Comos Hub’s TVL witnessed an uptick after 22 November. Since then, Cosmos’ TVL hasn’t seen too much volatility.

At the time of writing, Cosmos’ TVL stood at $398,000 according to Defi Llama.

Булак: Defi Llama

Even though the TVL did not decline as much, ATOM witnessed a massive depreciation in terms of price. After testing the resistance of $15.64 on 6 November, АТОМ's price declined significantly till it tested the 9.39 support level. Since then ATOM’s price had been oscillating between the $10.57 and $9.60 levels.

Furthermore, the Relative Strength Index (RSI) stood at 38.92, which indicated that the momentum was with the sellers at the time of writing. The Chaikin Money Flow (CMF) was at -0.15 which also implied a bearish outlook for ATOM in the near future.

Source: Соода кароо

Алдыда узун жол

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.

Булак: Сантимент

At the time of writing, ATOM was trading at $9.60 and its market cap dominance had depreciated by 13% in the акыркы 30 күн.