Over the last 24 hours, the price of the Cosmos Hub falls by around 5% from $21.78 to $17.46. There was a constant downtrend over the last week. The volatility can be seen in the price movements both daily and weekly.
Over the past week, the trading volume of the Cosmos Hub has raised around 2% and the overall circulating supply of the coin has increased to 1%. According to the information, ATOM’s current market capital ranking is at $5.11%.
The Ignite group has developed the COSMOS and is now grouped with 11 ventures of Capital Institutions to give assistance to the building of the project on cross-chain solutions and a total of $150M has been granted for this venture. It will help the developers to spread a new era of multi-chain protocols that is believed as the next generation of blockchain technology.
The Cosmos (ATOM) has been handpicked to generate huge returns because of its potential and its capability if invested in the long term. The ATOM token is appreciated quickly at price because there is the availability of nice cross-chain layer 1 solutions.
Earlier, the Cosmos Hub’s price got down by 4.59% in the last week of April.