Crypto Report - Cosmos (ATOM)

Published:

21 Jan 2020 13:41 ET

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.

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