Cosmos (ATOM) aims to be the "internet of blockchains" by facilitating communication, scaling, and interoperation between independent chains. It has first-mover advantage as no other technology effectively competes at present. Its market value is closing in on $ 1 billion, making it the 18th largest coin by market cap. Its Tendermint technology powers the Cosmos blockchain by simplifying blockchain development. Decentralized apps can be built on top of Tendermint. ATOM has been a price leader over the last few months relative to most all other coins.
Disclaimer: As I have described my portfolio management techniques, my capital has been concentrated over the past several months into Bitcoin (BTC) and Chainlink (LINK) as the weaker coins were sold off or reduced in size. I hold a position in ATOM which will make a total of 8 coins in my crypto portfolio at present.
Crypto Report - ATOM 1-21-20
|Published:||21 Jan 2020 13:33 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2023 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.