ATOM (Cosmos) as Large-cap Coin is 14th in the 2100NEWS ranking. The quality of the order book of ATOM is Excellent. The average quality of the order book for large caps members of the NWSL100 index is 11.92. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.
ATOM has been launched in 43 exchanges. Cosmos is one of the most successful blockchain-based fundraising events in history: in April 2017, Cosmos raised $16.8 million in 30 minutes.
ATOM as Large-cap Coin is 14th in 2100NEWS ranking (after Index Review of 22nd November 2019). It is an Index member: NWST1100, NWSL100, NWS30, NWSCo100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 20.5, (Average for Large caps: 11.92)
Over the past week, the average market cap was $650.2 million, average daily volume was $115.1 million.
To make appropriate peer comparison we gauged the ATOM (Cosmos) coin with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the ATOM vs. NWSL100, in the middle of the chart is the original ATOM price, at the bottom of the chart are NWSL100 and correlation between ATOM and NWSL100. On average (purple area graph), the relationship between ATOM and NWSL100 has shown that since the start of September ATOM has grown and beaten the NWSL100, it has soared about 75%. However, comparing the ATOM green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is weak. This means that ATOM and NWSL100 are moving in the same direction, but their responses to the market are different. As a result, the ATOM increased by 30% over the observed period, while the index dropped by as much. In the last four months, ATOM as an index member has not been a typical representative of the NWSL100 index in terms of price changes.
Cosmos has solutions to today’s hardest blockchain problems: Tendermint BFT for scalability, Cosmos SDK for usability and Interblockchain Communication (IBC) Protocol for interoperability. Looking at their tutorial, it very easy to build your own blockchain using Cosmos SDK. According to the roadmap, they have been very busy for the last couple of years. They have a strong network of Cosmos developers and contributors from all around the world, as community engagement plays an important role in the growth of the project. They have 29.2K followers at Twitter.
About Cosmos – what they do
Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. BFT stands for Byzantine Fault-Tolerance. Byzantine faults within distributed systems are some of the most difficult to deal with. A Byzantine Fault-Tolerant consensus algorithm is a consensus algorithm that guarantees safety for up to a third of Byzantine, or malicious, actors.
Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Before Cosmos, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small amount of transactions per second. Cosmos solves these problems with a new technical vision. In order to understand this vision we need to go back to the fundamentals of blockchain technology.
The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.
In 2016, the development of Cosmos is supported by the Interchain Foundation (ICF), a Swiss non-profit foundation. The core team is made up of Jae Kwon (Founder) and Ethan Buchman (Cofounder).
Exchanges: Bibox, BigONE, BiKi, Bilaxy, Binance, Binance US, BitAsset, Bitfinex, BitForex, BitMart, BitMax, Bitrabbit, Bittrex, BitZ, BKEX, BW.com, CoinEx, Coinone, Coinsuper, Dcoin, DigiFinex, DragonEX, Gate.io, GDAC, HitBTC, Hoo, Hotbit, Huobi Global, Huobi Korea, Indodax, Kraken, KuCoin, LATOKEN, MXC, OceanEx, OKEx, OKEx Korea, Poloniex, TOKOK, Upbit, VCC Exchange, WazirX, YunEx.
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins ATOM.