ATOM token has risen rapidly recently which is the native token of the Cosmos blockchain.
Compared with the price of last January, the price is almost 3 times of it.
Cointelegraph which is one of popular crypto magazine and information collector mentions 2 main factors that make Atom’s value rise so rapidly.
- Recently layer one blockchain protocols such as DOT(Polkaadot) and AVAX(Avalanche) have had very hot spotlight that makes it highly valuable blockchain ecosystem and token
- ATOM token’s utility enables holders a variety of earnings. Holders seems to have benefit from swap, gas and transaction fees
The trading volume of last 24 hours as of 17th Feb is around US$ 3.8B and market cap is now US$ 5.5B now while Polkadot’s total market cap is US$ 27B. Polkadot’s value is more than 5 times higher.
Source: Cointelegraph, Coinmarketcap, The tie
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