The long-awaited vision of the Cosmos blockchain has now been realized, as holders of the ATOM token have voted through inter-blockchain communication (IBC), enabling assets to transfer easily between blockchains.

The final vote to enable the feature was 112 million to 75, overwhelmingly in support of activation.

In the simplest terms, IBC enables messages to travel between blockchains that have implemented the standard. The most obvious use case in crypto is sending messages to transfer tokens off one chain and onto another.

“At its core, IBC is a method of securely exchanging data between two independent (sovereign) blockchains. This means that any two blockchains that support IBC can send communication back and forth in a permissionless manner,” Zarko Milosevic, chief scientist at the blockchain consultancy Informal Systems, told CoinDesk by email.

This development has the potential to open up opportunities in the decentralized finance (DeFi) sector, where a product on an application-specific blockchain could use an asset from a completely different chain.

For example, ATOM is the governance token for Cosmos, the blockchain built to enable IBC. “Previously, ATOM was relegated to the Cosmos Hub with regard to its utility as a governance token. It is now transferable and interoperable with all blockchains that support IBC,” Milosevic said.

One place ATOM may go: the Terra blockchain, which runs a DeFi savings account called Anchor. Terra could plug in to IBC and make ATOM one of the tokens its underlying money market will loan.

IBC was built into the Stargate upgrade enabled by the Cosmos ecosystem in February. ATOM holders, however, opted to let Stargate run a bit longer and do further testing before enabling IBC. The vote put IBC into effect on Cosmos.

There was no delay between the vote and the feature going live. “Since it is a parameter change, it does not require for the chain to be halted,” Milosevic explained.

The activation of IBC is not enough for all blockchains to work in conjunction with each other, though. IBC is a protocol that other blockchains can use, but they must upgrade to the IBC standard.

That is theoretically possible for any blockchain to do, but those built on Tendermint, the consensus model native to the Cosmos ecosystem, are likely to be the first to adopt the standard. Some of the blockchains that are built on Tendermint include Kava, Agoric, Akash, Foam and Crypto.com.

“It’s like dropping a crystal into a supersaturated solution: The pent-up need for interconnection between chains will be unleashed,” Dean Tribble, the CEO at Agoric, told CoinDesk through a spokesperson. “Some of the most interesting connections will be between chains that we have never heard of, accomplishing things not currently feasible.”

Agoric is a secure smart contracts platform. It’s not yet running in the wild, but its developers have tried IBC in tests.

Open-source cloud services provider Akash and crypto-trading app Crypto.com both told CoinDesk that each is technically ready to join IBC and should do so in a matter of weeks, pending approval by their respective token holders.

Cosmos’ funding came from a 2017 initial coin offering that raised $17 million to support a cross-blockchain future. Its war chest appreciated dramatically thanks to deft treasury management. The project had a variety of leadership changes through a rocky 2020 but carried on.

The website Cosmos-Cap estimates the combined market capitalization for the ecosystem’s blockchains at over $60 billion, led by Binance Coin, Terra, Crypto.com and Cosmos itself.

“Since IBC is modular by design, it can be easily extended to support more chains outside of the Tendermint ecosystem. For example, the modules needed to open IBC connections to the Polkadot and Kusama networks and other substrate based networks are under development,” Milosevic wrote.

Similarly, the venture fund Multicoin Capital recently released a report on one blockchain in the Cosmos ecosystem, Thorchain, a cross-chain decentralized exchange, in the same mold as DeFi staple Uniswap. Multicoin’s Tushar Jain wrote in an email to CoinDesk about Cosmos’ latest upgrade: 

“It is a huge deal. Through things like IBC and Thorchain’s bridge to non-Cosmos protocols and other bridges like Solana’s wormhole bridge, we will see the cross-chain future come to life,” Jain said.

Disclosure: Brady Dale has a very small holding of ATOM tokens.

The Cosmos (ATOM) development team has finally activated the Inter-Blockchain Communication (IBC) protocol on the platform following a vote by members of the Cosmos ecosystem. The team says IBC fosters interoperability between Cosmos and other blockchains, while also solving scalability issues via sharding, according to a tweet on March 29, 2021.

Earlier in February 2021, the Cosmos (ATOM)  development team successfully carried out the Stargate upgrade , in a bid to pave the way for the implementation of the Inter-Blockchain Communication protocol – a parameter change that would enable the network to be interoperable with other distributed ledgers.

Fast forward to March  29 and the Cosmos team says over 1500 validators and delegators in its ecosystem have signalled their support for IBC activation and IBC is now live on the platform, to make both fungible (cross-chain payments) and non-fungible token (NFT) transfers between various blockchains possible.

As stated on its Twitter thread , the activation of IBC opens up a whole new world of possibilities for blockchain applications, as blockchain networks that will integrate IBC will be able to leverage it for the execution of multi-chain smart contracts, “with logic split across blockchains,” and IBC will also usher in new security features to Cosmos.

At a time when decentralized finance (DeFi) is gradually gaining traction, with the ecosystem now worth $43.34 billion in terms of total value locked (TVL), the Cosmos team has made it clear that IBC will enable Cosmos and other projects in the Hub to start playing an active role in DeFi.

Specifically, the Gravity DEX decentralized exchange, which the team says will initially function as an automated market maker (AMM) just like Uniswap (UNI) and others, will soon go-live on Cosmos, enabling users to trade IBC-supported tokens and provide liquidity for traders.

“These tokens would arrive on the Hub through IBC-enabled chains, IBC-wrapped BTC tokens, and as well as future blockchain ecosystems that implement the IBC protocol,” the team declared.

What’s more, the team has hinted that the Cosmos Hub has experienced exponential growth since its launch, with the ecosystem now comprised of over 200 blockchains, with a combined market cap of over $60 billion, and it’s actively working on multiple cross-chain bridges including Celo-Cosmos, Ethereum-Cosmos and more.

At press time, the price of Cosmos (ATOM) is up by 3.11 percent in the past 24-hours, trading at $20.16, with a market cap of $4.27 billion, as seen on CoinMarketCap.

Cosmos transitioned away from a descending channel and tested $19.9-resistance at the time of writing. Bitcoin SV awaited stronger signals to rise above the upper barrier of $224.1, while Synthetix was projected to move sideways from $15.8-support.

Losses in the last two weeks amounted to nearly 30% as Cosmos moved south after a sell-off from the $24.5-mark. A descending channel even appeared on the 4-hour timeframe, and losses were finally cushioned at $16.96-support. This led to a minor rally as the cryptocurrency regained the channel $19.94-$18.47, an area that has typically seen some buying activity on previous occasions.

According to the Awesome Oscillator, momentum was strong and was on the bullish side as the green bars rose above the half-line. A pickup above 25 in the ADX could see the price break north of its overhead resistance and move towards the next ceiling at $21.4. A hike in the 24-hour trading volumes could signal the breakout and the same must be observed over the coming sessions.

Choppy movement over the past couple of weeks saw Bitcoin SV largely oscillate between $224.1 and $189.2. At the time of writing, the price hovered above $196.7-support and showed bullish movement on the 4-hour chart.

On the other hand, the indicators suggested that stronger cues were needed to back a rise above the upper ceiling of $224.1. The RSI was in a neutral territory even though the index pointed north from 50. While the MACD line maintained its movement above the Signal line, the index was below equilibrium which was not exactly a show of bullish strength.

While Synthetix saw positive movement during the first few days of March, the price fell steadily after reaching an upper ceiling of $23.7. The lowest point reached during the month was close to $15.8-support, a level that was seen during the pullback in late-February. With the candlesticks moving well below their 200-SMA (green), gains were expected to be subdued over the coming sessions as well. However, the current price level presented an opportunity for traders to buy SNX at a discounted price.

The indicators showed a degree of equilibrium in the market and consolidation looked likely in the short-term. The Awesome Oscillator was bullish-neutral, while the MACD line moved along the Signal line.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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Algorand [ALGO]

Algorand, ranked 38th in CoinMarketCap at press time, has a market cap of over $2.7 billion at press time. Like Tezos and Cosmos before it, the last few days have seen a downtrend taking over the market activity of the alt, including a brief spurt of value. That being said, it’s worth remembering that ALGO has been in range for the past two weeks now, with Bitcoin’s foray above $55,000 doing nothing to propel ALGO towards new ATHs.

ALGO’s indicators demonstrated the bearishness of the market, as though the Relative Strength Index was located very close to the oversold level, the MACD line was under the Signal line due to a bearish convergence.

Last month, Algorand revealed a partnership with Curv to create what he called “Trusted DeFi.”

Cosmos [ATOM]

The market fluctuations of ATOM over the last few days have shared distinct parallels with those noted by Tezos, with the former recording a proper downtrend. In fact, ATOM dropped by almost 7.5 percent over the said time span. At the time of publication, a serious bear market was ongoing, with near-term outlook for cryptocurrencies not expected to improve anytime soon.

The same was pointed out by the alt’s markers as the mouth of the Bollinger Bands drooped south, and the Awesome Oscillator depicted the bearish market momentum on the histogram.

A new announcement, involving a cannabis-focused crypto company switching to Cosmos, did nothing to drive the importance of the crypto on the market charts.

Tezos [XTZ]

Tezos, the cryptocurrency ranked 33rd on CoinMarketCap, has dropped steadily in the charts over the past few months. In reality, just over a few months ago, XTZ was in the top ten of the industry. Inconsistent market movements and relative spikes in competing coins have, however, well and truly pushed Tezos down the rankings. This, notwithstanding the fact that the altcoin had risen to its ATH just a few weeks before.

Over the past 48 hours, the downtrend has taken over the market activity of XTZ, with the downtrend dropping by more than 6.5 percent.

As far as the crypto technical indicators were concerned, while the Parabolic SAR dotted markers were seen above the price candles, the Chaikin Money Flow fell below the zero-mark.

Tezos was the last in the headlines since the announcement of Edo’s fifth and most ambitious blockchain update.

The link between Bitcoin and the rest of the altcoin industry has been evident for a few days now. Although the latter was once soaring on the basis of the market action of the world’s largest cryptocurrency, the likes of Cosmos, Dogecoin, and Litecoin have all dropped on the charts in recent days due to subsequent declines in BTC’s value.

Bitcoin’s bullish turnaround could be critical to the market’s alts regaining their former peaks.

Cosmos [ATOM]

Cosmos, like Litecoin, has been in a downtrend since seeing its local peak on the charts a week ago. Unlike LTC, however, ATOM’s price drops have been sharper, with the altcoin seeing 9.4 percent and 7.9 percent drops in a matter of 60 hours. At the time of publication, the cryptocurrency was back to square one, selling at prices seen in the first week of March and the majority of February.

The extent of bearishness in Cosmos’ market was highlighted by the alt’s indicators, as while the Bollinger Bands predicted some short-term price uncertainty in the southbound direction, the MACD line was far below the Signal line.

Bison Trails, a blockchain firm, revealed a week ago that it would start Cosmos staking and node services.

Dogecoin [DOGE]

Dogecoin, the crypto-most market’s famous meme-coin, has received a lot of attention in recent weeks and months as a result of a series of unusual price spikes and some anticipated endorsements from the likes of Tesla’s Elon Musk. DOGE, like its fellow alts, was going south at the time of publication, with its worth depreciating sharply in the last 7 days alone.

Furthermore, DOGE trading rates were stagnant, falling just below levels seen at the start of the month.

If the Relative Strength Index was entering oversold territory, the Amazing Oscillator displayed a rise in bearish energy, with its histogram blinking red signals.

Litecoin [LTC]

Litecoin, the cryptocurrency widely regarded as the silver to Bitcoin’s gold, was ranked ninth on CoinMarketCap at the time of publishing. LTC, like BTC, has recently seen bouts of turbulence, with the altcoin’s market activity trending south on the charts after its local high on the 14th. Since then, Litecoin has been in a slow downtrend, punctuated by a sequence of sharp price depreciations totalling more than 5% on the 4-hour map.

However, at the time of publishing, some stabilisation was ongoing, with LTC’s most recent price candle flickering green signals.

Despite this, LTC’s technological indicators were pointing downward at the time of publication. While the dotted markers of the Parabolic SAR were just above the price candles, the Chaikin Money Flow was below zero, despite a recent uptick. This emphasised the market’s resilience in terms of capital outflows.

The altcoin was recently in the news after the Litecoin Foundation announced that its MWEB is now “code complete.”

Crypto.com Coin and BitTorrent flashed signs of exhaustion from record levels. Cosmos’ bulls maintained the price above $21.4 support. Lastly, EGLD moved within a descending triangle but an upwards breakout over the coming sessions would invalidate the pattern.

Gains in the last seven days amounted to nearly 35% as Crypto.com Coin made a steady recovery towards record levels. Successive green candlesticks on the 4-hour chart showed strong bullish sentiment in the market. However, the appearance of a bearish spinning top, which usually indicates a reversal, added some skepticism in the mix.

Moreover, the RSI showed an oversaturation of buyers in the market and a sharp move below the upper region would reflect in CRO’s price as well. The MACD’s histogram also noted weakening bullish momentum, even though the fast-moving line was above the Signal line. In the event of a pullback, support levels reside at $0.23 and $0.198.

Even though Cosmos saw choppy movement below $24.3 resistance, the price remained above a strong support level of $21.4. The aforementioned support mark was an important level to maintain for the bulls after they regained lost territory for the first time since the broader market pullback in late-February.

The RSI spiked in the overbought zone as ATOM eyed a move above $24.5 resistance, but reversed trajectory as the price stabilized on the 4-hour timeframe. The next target for the bulls resided at $26.29-resistance. The MACD line moved below the Signal line and reflected bearish sentiment in the market. A fall below the press time support would highlight the next defense at $19.8.

The last 24 hours saw BitTorrent jump by nearly 90% on the back of strong buying activity and healthy volumes. The OBV registered a spike, dipped slightly, and pointed north once again as buying pressure drove the price to its newest ATH. Trading volumes clocked in at nearly $5 Billion, up by 367% compared to yesterday.

However,  the Stochastic RSI did point towards a pullback after a bearish crossover in the overbought region. Spinning top candlesticks were also indicative of a trend reversal for BTT. The bulls must be weary of avoiding a sharp sell off in the coming sessions, a scenario that was already witnessed when the last ATH was snapped during early-February.

A descending triangle emerged on Elrond’s 4-hour chart after the price formed lower highs since climbing above the $160-mark, while the lows remained largely steady at $128.1 support.

The Awesome Oscillator was bullish-neutral, while the the CMF stayed well above the half-way mark and showed strong capital inflows towards the cryptocurrency. A rise above the upper trendline would present the next target at $152.8 resistance. Conversely, a breakdown from this pattern would likely see EGLD move towards the $100-support.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Aave, Cosmos, Monero Price Analysis: 28 March

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Litecoin, Ethereum Classic, Verge, Crypto.com Coin Price Analysis: 24 March

Polkadot, Tezos, Elrond Price Analysis: 22 March

Since passing over the upper trendline, Elrond negated a falling triangle. Polkadot seemed unsure of breaking through the $38.2 support Read more

XRP floated above its press time support but needed to retake additional resistance levels to overturn its bearish market. ATOM Read more

Bitcoin Cash traded just above the support level at $507 as the bearish sentiment took hold. Elrond and Tron seemed Read more

Uniswap had to face some selling pressure and may re-test $17.4. Stellar Lumens broke out past the range in which Read more

Tron appeared to be under correction as rates cooled down after hitting the local high. Litecoin did not climb above Read more

Because of the altcoin market's historically strong association with Bitcoin, altcoins such as Chainlink, Cosmos, and Dash have often become Read more

Chainlink's brief recovery of more than $28.5 was immediately denied by the sellers, who were targeting the above level at Read more

Thanks to the altcoin market's relationship with Bitcoin, the former ascended into the rankings at the back of BTC's price Read more

Cosmos was unable to break the $21.3-level of resistance, but purchasing volume was steadily rising. Dogecoin once again traded beyond Read more

Although the likes of Bitcoin and Ethereum have fluctuated between various price ranges, the majority of the crypto industry has Read more

Although the short-term market of cryptocurrencies has welcomed the bears, the long-term market appeared to be holding strong. Altcoins like Read more

At the time of publication, bullish trends were underway around the crypto-market, precipitating Bitcoin's foray through the $50,000 level. Thanks Read more

However, although Bitcoin was showing signs of life at the time of publication, not all alts were following suit.

Chainlink [LINK]

Chainlink, the altcoin ranked 10th on CoinMarketCap, has dropped in the rankings table in recent weeks, with Cardano, Binance Coin, and Uniswap all passing it. It should be remembered, however, that LINK only recently recorded its own ATH on the charts. Connection, as the rest of the economy, dropped as a consequence of a BTC-fueled depreciation, with the cryptocurrency down by nearly 10% in 48 hours.

Although the aforementioned collapse had been stopped at the time of publishing, LINK had yet to regain the majority of its losses. Instead, the altcoin was consolidating its role in the news.

While the Parabolic SAR’s dotted markers were just above the price candles, the Chaikin Money Flow was only touching zero after a quick foray into the negative field, emphasising the shakiness of the crypto’s place.

Chainlink was recently in the news after Bloomberg Terminal introduced price monitoring data for LINK, among a slew of other cryptocurrencies.

Cosmos [ATOM]

Cosmos, which is ranked 21st on CoinMarketCap, has seen a lot of ups and downs in recent weeks. The same can be seen in its price activity over the last seven days, with ATOM recovering somewhat after price corrections on March 13th and 14th. In contrast to LINK, ATOM gained more than 10% as BTC recovered on the charts, despite corrections at press time.

It’s also worth mentioning that the above increase was matched by an increase in trading volume.

Although the Bollinger Bands were widening, suggesting any near-term price uncertainty, the MACD was lingering above the Signal line, reflecting the market’s bullish power.

Dash [DASH]

Dash, one of the crypto-leading market’s privacy coins, was not resistant to the market-wide depreciation caused by Bitcoin over the past week. In reality, as a result of this, Dash dropped by more than 11.5 percent on the market charts. However, some stabilisation was ongoing at the time of writing, despite the fact that the cryptocurrency had not regained all of its losses.

Dash’s technical metrics were skewed somewhat in favour of the bulls. Although the Awesome Oscillator’s histogram depicted the creation of green candles, the Relative Strength Index remained stable about 45.

It is worth noting that if Bitcoin declines again, Dash can experience a sharper decline on the charts.

Dash recently made headlines when it revealed the introduction of an Ethereum DeFi bridge in cooperation with Stakehound.

Litecoin price – Litecoin, Cosmos, Dogecoin price Analysis: 23 March

Bitcoin’s correlation with the rest of the altcoin market has been in evidence for a few days now. While the latter was once surging on the back of the world’s largest cryptocurrency’s price action, over the last few days, thanks to corresponding drops in BTC’s value, the likes of Litecoin, Cosmos, and Dogecoin have all fallen on the charts.

Bitcoin’s bullish recovery may be key to the market’s alts climbing back to their previous highs.

Litecoin [LTC]

The cryptocurrency popularly dubbed the silver to Bitcoin’s gold, Litecoin was ranked 9th on CoinMarketCap, at the time of writing. Like BTC, LTC too has been a victim of bouts of volatility lately, with the altcoin’s price action heading south on the charts since its local top on the 14th. Since then, Litecoin has been on a gradual downtrend, with the same punctuated by a series of sharp price depreciations worth over 5% on the 4-hour chart.

At the time of writing, however, some recovery was underway, with LTC’s latest price candle flashing green signals.

Despite the same, LTC’s technical indicators were leaning towards the bears at press time. While the Parabolic SAR’s dotted markers were well above the price candles, the Chaikin Money Flow was under zero, regardless of a recent uptick. This highlighted the strength of capital outflows in the market.

The altcoin was in the news recently after the Litecoin Foundation revealed that its MWEB is now “code complete.”

Cosmos [ATOM]

Like Litecoin, Cosmos too has been at the end of a downtrend after hitting its local top on the charts a week ago. Unlike LTC, however, ATOM’s has been sharper, with the altcoin noting 9.4% and 7.9% price falls in a matter of 60 hours. At the time of writing, the crypto was back at square one, trading at levels noted in the first week of March and most of February.

The scale of the bearishness in Cosmos’s market was underlined by the alt’s indicators as while the Bollinger Bands projected a degree of near-term price volatility in the southbound direction, the MACD line was well under the Signal line.

A week ago, blockchain firm Bison Trails announced that it will be launching staking and node services for Cosmos.

Dogecoin [DOGE]

Dogecoin, the crypto-market’s most-popular meme-coin, has found itself in the news a lot over the past few weeks and months thanks to a series of unexpected price surges and some expected endorsements from the likes of Tesla’s Elon Musk. At the time of writing, however, DOGE, like its fellow alts, was heading south, with its value depreciating significantly over the last 7 days alone.

What’s more, DOGE’s trading volumes were stagnating too, with the same well below the levels seen when the month began.

While the Relative Strength Index was threatening to drop into the oversold zone, the Awesome Oscillator pictured an uptick in bearish momentum, with its histogram flashing red signals.

Litecoin price – Litecoin, Cosmos, Dogecoin price Analysis: 23 March Tags: Litecoin price

Cosmos USD (ATOM1-USD) is currently on bullish momentum. At 07:06 EST on Tuesday, 16 March, Cosmos USD (ATOM1-USD) is at $20.17 and up by 5.33% in the last 6 hours.

Over the last six hours, Cosmos USD (ATOM1-USD)’s higher value was $20.27 and the lower value was $19.15.

Over the last twelve hours, Cosmos USD (ATOM1-USD)’s higher value was $20.27 and the lower value was $19.15.

In relation to Cosmos USD (ATOM1-USD)’s daily highs and lows, it’s 6.663% up from its trailing 24-hour low of $18.91 and 1.849% down from its trailing 24-hour high of $20.55.

About Cosmos USD (ATOM1-USD)’s yearly highs and lows, it’s 1122.424% up from its 52-week low and 23.656% down from its 52-week high.

Cosmos USD (ATOM1-USD)’s last day, last week, and last month’s average volatility was 8.03%, 5.58%, and 5.53%, respectively.

Cosmos USD (ATOM1-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 16.64%, 9.68%, and 14.71%, respectively.

According to Business Insider on Sunday, 14 March, "Canada’s Purpose Bitcoin ETF, the first to launch, had 913 million Canadian dollars ($731 million) under management on 11 March.", "Guggenheim disclosed in an SEC filing that its Macro Opportunities Fund held the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust."

Bitcoin dips from record after scaling $61,000 aided by stimulus. According to Bloomberg Quint on Monday, 15 March, "For instance, the correlation coefficient between Bitcoin and an equal-weighted basket of five stocks which have announced investments in the digital currency — Tesla Inc., MicroStrategy Inc., Square Inc., Meitu Inc. and Aker ASA — has surged to an average of 0.72 this year from 0.26 in 2020.", "Crypto has seen "some good flow, with traders front running U.S. stimulus checks," Chris Weston, head of research at Pepperstone Group Ltd., wrote in a note, adding Bitcoin needs to stay above the previous high of just over $58,000 to bolster confidence in a "new bull leg."

According to Business Insider on Monday, 15 March, "If doubt about monetary policy, unchecked money printing and continually rising inflation continues to worry both retail and institutional investors, then they will seek alternatives that provide safety, which Bitcoin provides in a unique digital format," Nazarov said."

Retail Bitcoin traders rival wall street buyers as mania builds. According to Bloomberg Quint on Monday, 15 March, "Meanwhile, institutions have bought about 173,000 of the world’s largest cryptocurrency over that time frame — as gathered by Bitcoin futures, fund flows and company announcements — after buying nearly 307,000 in the last quarter of 2020.", "The cryptocurrency market’s little guys are going toe-to-toe with the big banks as Bitcoin continues to surge to new highs, data compiled by JPMorgan Chase & Co. suggest."

What’s India’s beef with Bitcoin, really?. According to Bloomberg Quint on Monday, 15 March, "If someone is using a VPN service to access the internet,and not buying or selling Bitcoin using an Indian bank account (but earning and spendingit peer to peer), the prohibitionwon’t be enforceable.", "Nobody is asking New Delhito make Bitcoin legal tender or accept tax payments in it. "

Cosmos USD (ATOM1-USD) is currently on bearish momentum. At 23:04 EST on Saturday, 20 March, Cosmos USD (ATOM1-USD) is at $20.62 and down by 6.21% in the last 6 hours.

Over the last six hours, Cosmos USD (ATOM1-USD)’s higher value was $21.90 and the lower value was $20.62.

Over the last twelve hours, Cosmos USD (ATOM1-USD)’s higher value was $22.30 and the lower value was $20.62.

In relation to Cosmos USD (ATOM1-USD)’s daily highs, it’s 8.356% down from its trailing 24-hour high of $22.50

Concerning Cosmos USD (ATOM1-USD)’s yearly highs and lows, it’s 1008.602% up from its 52-week low and 21.953% down from its 52-week high.

Cosmos USD (ATOM1-USD)’s last day, last week, and last month’s current volatility was 6.36%, 4.63%, and 4.79%, respectively.

Cosmos USD (ATOM1-USD)’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 19.09% (day), 12.29% (last week), and 13.18% (last month), respectively.

Bank of America analyst slams Bitcoin: buying 1 BTC is ‘like owning 60 cars’. According to Coin Telegraph on Thursday, 18 March, "While Bitcoiners often cite figures suggesting that between 39% and 76% of Bitcoin mining uses renewable energy, BoA’s report asserts that in fact three quarters of BTC mining occurs in China where more than half of electricity is produced by coal. ", "Leaving no criticism alone, Blanch also noted 181 companies faced risks linked to Bitcoin around "money laundering, corruption, bribery, fraud, and breaches of data privacy" and that Central Bank Digital Currencies also pose tremendous long term threats to Bitcoin."

'deflationary' eth2 could flip Bitcoin: messari analyst. According to Coin Telegraph on Thursday, 18 March, "He posted the question: "If Ethereum is more secure and it [has] a stronger monetary policy, well then what is the bull case for Bitcoin in this scenario?", "The index suggests Ethereum has already overtaken Bitcoin by node count, transaction count, and total transaction fees."

According to Business Insider on Thursday, 18 March, "Responding to the announcement, the Documenting Bitcoin team said: "You can now send and receive #bitcoin for free on Cash App as easily as you can send dollars! "

Bitcoin worth the risk for stimulus check recipients despite pressing needs: poll. According to Coin Telegraph on Thursday, 18 March, "Most Americans who expect to receive the next round of relief bill stimulus checks will use the money to buy necessities and pay off debts, but some are still willing to invest in cryptocurrencies like Bitcoin (BTC), a new poll reveals.", "Of that group, around half invested in cryptocurrencies like Bitcoin and Ether (ETH) specifically."

SEC has 45 days to respond to vaneck Bitcoin ETF filing. According to Coin Telegraph on Thursday, 18 March, "The United States Securities and Exchange Commission now has 45 days to deliver an initial decision on the VanEck Bitcoin (BTC) exchange-traded fund filing having officially published the company’s submission on its website on March 15.", "With the change in leadership at the commission following Jay Clayton’s departure back in December 2020, firms in the U.S. are trying once again for a Bitcoin ETF. "

Bitcoin can be sent with a tweet as bottlepay twitter app goes live. According to Coin Telegraph on Thursday, 18 March, "Given the extent to which Bitcoin transaction fees exploded from 2020 into 2021, the coin’s suitability for use in a daily, social payments app could reasonably be brought into question. ", "Transactions between Twitter users can now apparently take place using the simple tweet template "@bottlepay send 1,000 sats to @twitteruser." The command can be executed from directly within the Twitter app, and the Bitcoin is transferred from one user to another automatically."

Bitcoin 'better than gold' if you study it, fund manager tells mainstream media. According to Coin Telegraph on Thursday, 18 March, "This week, Morgan Stanley became the first major bank to offer clients exposure to Bitcoin funds.", "The comments fly in the face of staunch gold bugs, notably Peter Schiff, who remains convinced that Bitcoin will fail, leaving gold as the sole choice to escape the perils of central bank economic policy."

Ethereum fails to break out vs. Bitcoin as treasury yields soar — will ETH relief rally?. According to Coin Telegraph on Thursday, 18 March, "Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USDrallying by more than 8% on March 18.", "The 10-year U.S. Treasury yield’s momentum is likely the main catalyst behind Bitcoin and ETH’s weakening momentum in the past 12 hours, as the inverse correlation shows in the chart below.BTC/USD (blue) vs. ETH/USD (orange) vs. TY10 (light blue). "

Would a US wealth tax push millionaires to Bitcoin adoption?. According to Coin Telegraph on Thursday, 18 March, "It’s foolish to think that they (as well as anyone) will look to Bitcoin as a way to ‘hide’ their wealth given that bitcoin leaves a permanent digital footprint."Better ways", "Douglas Borthwick, chief marketing officer at digital asset firm INX, said that viewing digital assets and Bitcoin (BTC) as a place to hide wealth is "rather off-base." While U.S. tax residents can still buy Bitcoin on offshore platforms without rigorous Know Your Customer and Anti-Money Laundering requirements in place, there are serious risks associated with delivery and custody. "

Stocks of Bitcoin: JPMorgan offers BTC exposure, an ETF in sheep’s clothing. According to Coin Telegraph on Thursday, 18 March, "This applies to all the exchanges trading Bitcoin products, to energy companies that are getting into Bitcoin mining, and even to payment platforms like PayPal that support Bitcoin.", "While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly."

Bitcoin bulls 'hold back’ as btc’s monthly futures expiry approaches. According to Coin Telegraph on Thursday, 18 March, "Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin began increasing in the late-night trading hours on March 17 and it briefly crossed above $60,150 before meeting overhead resistance. ", "For Lilly, this indicates that parties interested in buying Bitcoin have begun to "ramp-up" their activities as the market moves higher."

Fiat food? Bitcoin big mac index crashes below 10,000 satoshis for the first time ever. According to Coin Telegraph on Friday, 19 March, "The Bitcoin equivalent is something of a tongue-in-cheek commentary on both fiat and food.", "As Saifedean Ammous argues in "The Bitcoin Standard," both the trillion-dollar forex market and the rise of the nutritionally controversial burger are the results of the abandonment of the gold standard and the embrace of money with no supply limit, and the resulting desire for instant gratification at the expense of long-term prosperity."

SBI crypto's Bitcoin mining pool goes public. According to Coin Telegraph on Friday, 19 March, "It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of$0.3897,$0.3805and$0.3519respectively.", "SBI Holdings’ multiple cryptocurrency ventures via various subsidiaries to date have included theintroduction of a Bitcoin lending service through its crypto investment subsidiary SBI VC Tradeandacquisition of crypto exchange TaoTao via itsforeign exchange and derivatives arm."

Bitcoin is now ‘too important to ignore’, deutsche bank says. According to Coin Telegraph on Friday, 19 March, "In the 18-page study, Deutsche Bank Research describes the basic characteristics of Bitcoin and analyzes the key drivers of its historical price growth to a $1 trillion asset.", "Bitcoin is expected to "remain ultravolatile" in the short term, Deutsche Bank analysts concluded, forecasting a turning point for Bitcoin in the next "two or three years" as a consensus about its future may emerge."

Supercycle May propel Bitcoin over $1 million, kraken’s dan held says. According to Coin Telegraph on Friday, 19 March, "According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.", "Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money."

Bitcoin price facing final resistance before $68k?. According to Coin Telegraph on Friday, 19 March, "The bearish divergence becomes valid once previous resistance zones turn into resistances once again, but more importantly, once the price of Bitcoin starts to make lower lows."

Bitcoin miners back hash rate derivative defi project on BSC. According to Coin Telegraph on Friday, 19 March, "Standard Hashrate is backed by a group of major Bitcoin miners, including Atlas Mining, Btc.", "The basic concept is similar to simple rebase coins, including the synthetic Bitcoin offered by Badger. "

Key Bitcoin price metric shows pro traders increased their BTC longs. According to Coin Telegraph on Friday, 19 March, "After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. ", "This data corroborates with the exchanges’ long-to-short ratio and displays investors confidence in Bitcoin breaking to a new all-time high in the short-term."

According to Business Insider on Friday, 19 March, "The Purpose Bitcoin ETF was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange. ", "That’s less than half the cost of the popular Grayscale Bitcoin Trust, which charges an annual fee of 2.00% and is now the largest public holder of bitcoin."

Bullishness for Bitcoin continues despite its struggle to reclaim $60,000. According to Coin Telegraph on Friday, 19 March, "Chad Steinglass, head of trading at crypto capital markets firm CrossTower recently discussed the pressures Bitcoin faced at the $60,000 level and pointed out that the top cryptocurrency has faced "at least some resistance at every round number on the way up," and that once a resistance level is surpassed, it then becomes support.", "Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin hit a low of $56,268 in the early hours on Friday before dip buyers returned to help lift the price back above $58,500. "

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Cosmos presents the blockchain industry with an alternative view on how blockchains should function, and what the best route to success might be for scalability, speed, and security to co-exist. Technically speaking, Cosmos is not a blockchain, it’s a decentralized network of individual blockchains, each powered by algorithms like the Tendermint consensus. 

Cosmos is an ecosystem of blockchains that are able to work together to scale and interoperate with each other as traditional blockchains have been siloed and unable to communicate. As a result, they have only been able to handle a small number of transactions per second. Cosmos is attempting to solve these problems with a new technology vision. 

Note that Cosmos is an open-source community project initially built by the Tendermint team. Everyone is welcome to build additional tools to enrich the developer ecosystem.

To better understand how Cosmos fits into the overall blockchain ecosystem, we need to go back to the beginning. The first blockchain was Bitcoin, a peer-to-peer digital currency created in 2008 that used a consensus mechanism known as Proof-of-Work (PoW). At the time, just two options to develop decentralized applications appeared: Fork the Bitcoin code or build on top of it. 

However, the Bitcoin codebase was very inconsistent with all three layers—networking, consensus, and application mixed together. Additionally, the Bitcoin programming language was limited and not user-friendly. Tools were needed to push things forward and allow decentralized applications to flourish. 

In 2014, Ethereum came in with a new idea for building dapps. There would be one blockchain where people would be able to deploy any kind of program. Ethereum achieved this by turning the application layer into a virtual machine called the Ethereum Virtual Machine (EVM). 

This virtual machine was able to process programs called smart contracts that any developer could deploy to the Ethereum blockchain in a permissionless fashion. This new approach allowed thousands of developers to start building decentralized applications (dapps). However, limitations around scalability, security, and useability soon became apparent and still continue to this day.

The vision of Cosmos is to make it easier for developers to build blockchains and break the barriers down between them. This would allow these different blockchains to transact with each other creating an Internet of Blockchains. This is a vision achieved through a set of open-source tools in Tendermint, the Cosmos SDK, and the Inter-Blockchain Communication protocol (IBC), and it’s designed to let people build custom, secure, scalable, and interoperable blockchain applications quickly. 

The connection between blockchains is achieved through a protocol called Inter-Blockchain Communication protocol (IBC). IBC leverages the instant finality property of Tendermint consensus to allow incompatible chains to transfer value (i.e. tokens) or data to each other.

Incompatible chains have different layers, meaning they can differ in how they implement the networking, consensus, and application parts. To be compatible with IBC, a blockchain needs only follow a few requirements, the main one being that the consensus layer must have fast finality. Proof-of-Work chains such as Bitcoin and Ethereum do not fall in this category. Ethereum 2.0 will finalize batches of blocks according to periods of time called “epochs”. The current plan is to have 32 blocks per epoch and finalize them all in one round meaning Ethereum 2.0 would be compatible once fully operational. 

IBC allows incompatible blockchains to transfer tokens and data to each other, meaning that blockchains with different applications and validator sets are interoperable. But, even with this step forward, there is still the question of how to create a network of blockchains. 

One idea is to connect each blockchain in the network with every other via direct IBC connections. The main problem with this approach is that the number of connections in the network grows quadratically with the number of blockchains and quickly escalates. To solve this, Cosmos proposes a modular architecture with two classes of blockchain: Hubs and Zones. 

Zones are regular heterogeneous blockchains and Hubs are blockchains specifically designed to connect Zones together. 

When a Zone creates an IBC connection with a Hub, it can automatically access (i.e. send to and receive from) every other Zone that is connected to it. As a result, each Zone only needs to establish a limited number of connections with a restricted set of Hubs. Hubs also prevent double-spending among Zones. This means that when a Zone receives a token from a Hub, it only needs to trust the origin Zone of this token and the Hub.

The first Hub launched in the Cosmos Network is the Cosmos Hub. The Cosmos Hub is a public Proof-of-Stake blockchain whose native staking token is called the ATOM, and where transaction fees will be payable in multiple tokens. The launch of the Hub also marks the launch of the Cosmos network.

Cosmos leverages two types of scalability and from launch in March 2019 has leveraged vertical scalability adding horizontal scaling later, once the IBC module is complete.  

Further in-depth technical details specifically for developers are linked at the end of this article. 

Cosmos makes blockchains powerful and easy to develop with Tendermint BFT and the modularity of the Cosmos SDK At the same time. It also enables blockchains to transfer value with each other through IBC and Peg-Zones, while letting them retain their sovereignty. Finally, the Cosmos solution allows blockchain applications to scale to millions of users through horizontal, and later vertical, scalability solutions.

Cosmos can be considered as an ecosystem built on a set of modular, adaptable, and interchangeable tools rather than an individual product. Developers are encouraged to join the effort to improve existing tools and create new ones.

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