This altcoin could be booming this year simulating the movement of SOL and AVAX
A prominent analyst has his eye on a potentially explosive ecosystem this year.
In a tweet with his general predictions for 2022, the analyst with the nickname Altcoin Psycho emphasized that Cosmos (ATOM) can grow as fast as Layer 1 platforms last year, such as Avalanche (AVAX) and Solana (SOL).
My crypto predictions for 2022:
-Option volume will be at least 3x
-The cosmos ecosystem will have its Solana / AVAX moment
– Spot-backed ETFs are permitted
Fundraising is becoming more democratic and less affordable for VCs
-The market is getting full of ADHD, boom and bust cycles are getting shorter
– Altcoin Psycho (@AltcoinPsycho) December 31, 2021
Next, the analyst mentions Osmosis (OSMO), a decentralized exchange (DEX) built on Cosmos. He cited a tweet from June 2021 in which he described osmosis as a “catalyst for the cosmos ecosystem” in order to to speak with its 390,500 followers that.
“Osmose has reached a new all-time high today and is 76th in terms of market capitalization.
The question is what will happen next. “
OSMO hits new ATH at $ 8.60. This altcoin, which hit above $ 4.50 last summer, sold off to $ 1.24 in July before hitting a September high of $ 7.38. Since then, Osmosis has seen a lot of volatility before breaking above the $ 4 region in mid-December.
Altcoin Psycho ends its discussion with some advice for Kosmos skeptics and supporters.
“No matter what you think of ATOM, the chance that you will receive airdrops from projects in the Kosmos ecosystem when you hold ATOM this year is huge.”
Total Value Locked (TVL) in Cosmos currently ranks second only to Osmosis at over $ 277 million.
At the time of writing, ATOM is down 10.72% for the day to $ 36, and the 20th cryptocurrency started its own rally in mid-December, climbing from $ 20 to over $ 42 in the new year.
This altcoin hit an ATH of $ 44.42 in September.
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