Cosmos will get EVM affinity with the help of CantoPublic.
The weighted sentiments against ATOM declined while its volatility increased, suggesting that buying ATOM could be riskier than usual.
Investors witnessed a massive hike, and their new project could have triggered this.
Cosmos’s new update hints about the expansion in the area of DeFi space. Messari’s new tweet confirmed the same regarding the update about CantoPublic and its spiking interest in DeFi.
Along with Cosmos’ growth in DeFi, the number of investors in the Cosmos network increased by about 300%. The reason behind this could be their new project called Game of Chain, launched on the 7th of November, aiming to incentivize the validators on the Cosmos network. Despite such events ATOM witnessed a sharp fall in the prices.
The Technical Tale
Source: Tradingview
The prices form a bear flag, illustrating that there is still selling pressure present. However, traders are also entering long positions looking for a reve
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