Alt Coin

Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX)

A carefully adopted crypto dealer is eyeing an interoperability ecosystem to probably have a breakout yr.

In a tweet laying out his common 2022 predictions, the pseudonymous analyst often called Altcoin Psycho highlights Cosmos (ATOM) as his decide to soar like layer-1 sensible contract platforms Avalanche (AVAX) and Solana (SOL) did final yr.

The analyst subsequent discusses Osmosis (OSMO), the decentralized change (DEX) that was constructed for Cosmos. He follows up on a June 2021 tweet the place he referred to Osmosis as a “catalyst for Cosmos ecosystem” to tell his 390,500 followers,

“Osmosis new [all-time high] at the moment, and now #76-highest market cap.

Wonder what occurs subsequent.”

OSMO hit a brand new excessive at the moment of $8.60. The altcoin launched final summer time above $4.50, skilled a selloff to as little as $1.24 in July earlier than working to a September excessive of $7.38. Osmosis has since skilled uneven price motion earlier than breaking out from the $4 stage beginning in mid-December.

Altcoin Psycho concludes his dialogue with a phrase of advice to each skeptics and supporters of Cosmos, citing the entry to airdrops that token holders could have.

“Regardless of your thoughts on ATOM, the exposure you’ll have to airdrops by holding it this year is pretty wild.”

Cosmos simply hit a complete worth locked (TVL) milestone, ranking second behind Osmosis with over $277 million in liquidity.

Source: Osmosis

At time of writing, ATOM is down 5.72% on the day to $40.01. The Twentieth-ranked crypto asset started its personal rally in mid-December, climbing from the $20 vary to over $42 to begin the brand new yr. The altcoin reached an ATH of $44.42 again in September.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/Floral Resources/karnoff/Tun_Thanakorn/Nikelser Kate

Related posts

Real Vision Bot Known for Outperforming Crypto Markets Reveals Altcoin Holdings Centered on Ethereum Rivals and Gaming Projects

Crypto Advisor

Traders Continue Holding Cardano (ADA) and Chainlink (LINK) Amid Crypto Downturn: Analytics Firm IntoTheBlock

Crypto Advisor

Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins

Crypto Advisor

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More