Cosmos remains afloat since bear market turmoil- Here’s why

In fact, it has recovered from a dip in the past 24 hours to ensure upward pressure. According to CoinMarketCap, at press time, ATOM was trading at $16.21 after seeing a 2.75% rise in prices over the last day. ATOM’s weekly gains stood at 28.4% at press time.light on the token which has been up only since cycle low. The tweet stated, “many assets hit cycle lows over the course of the bear market. According to our asset screener, 120 assets have been ‘up only’ since those cycle lows.

Things also looked good on the on-chain activity side of Cosmos with some metrics reaching their respective milestones. Transaction Volume for the ATOM token reached its highest point since the Luna crash as it jumped to 1.23 billion on 10 September.Well, Cosmos developers have also been busy recently with the development activity metric showing a clockwork increase in the past months.by Cosmos recently. The Cosmos SDK released the latest version 0.46 which includes upgrades on the existing ‘Groups module’ and the ‘Governance module’ as well.

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