Cosmos (ATOM) is a number of the many few cryptocurrencies that comprise experienced some beneficial properties previously 24 hours because the majority of coins continue to drop.
On the time of writing, ATOM used to be trading at $8.82, up 9.2% previously 24 hours. It has hit a every single day high of $9.27. For the duration of the final two weeks, ATOM has won about 23.7%.
However why has ATOM been on the rally whereas the majority of the tokens are bowing to the crypto market meltdown? Here is why.
ATOM integration on THORChain
One in all the most fundamental reasons for the ATOM uptrend is after THORChain (RUNE), one in every of the finest DeFi protocols, built-in ATOM into its ecosystem.
With this integration, customers shall be ready to switch ATOM straight to Ethereum, Bitcoin, and other cryptos which may per chance possible per chance very smartly be supported on the THORChain community with out the need for wrapped solutions or bridges.
🚨Right this moment is the day that $ATOM is launched on @THORChain 🚨
Trade $ATOM for native $BTC $ETH stablecoins and additional with out any wrapping or bridging. Appropriate a easy swap.
Welcome #Cosmonauts !
— Spot Wiggum (@SpotWiggum) July 5, 2022
Nonetheless, the desire to consist of the ATOM lend a hand used to be earlier on launched on June 23, when THORChain went are residing on the most fundamental community four years later since its inauguration. As well, the crew furthermore launched the integration of Avalanche (AVAX), one more famed crypto project, into their ecosystem.
Impact of the Integration on ATOM coin
With the ATOM integration into the THORChain ecosystem, Cosmos token turnover will expand and furthermore allow seamless replace into the customary ETH and BTC.
It’s well-known to point out that ATOM has portrayed an spectacular efficiency on legend of these integrations. This one year, Cosmos launched its transition into the Interchain Security Protocol that helps to approach the safety of Cosmos Hub and your complete ecosystem’s efficiency.
