Breaking News
Investing Pro 0
Free Webinar - What Is a Gold IRA? Fees, Advantages, and Risks - December 7, 2022 | 01:00PM EST Enroll Now

Development Activity for Cosmos Is Notably High: Santiment

Cryptocurrency Nov 24, 2022 01:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters Development Activity for Cosmos Is Notably High: Santiment
 
BTC/USD
-0.64%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
-1.22%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
pDOTn/USD
-2.79%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BNB/BRL
-1.51%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SOL/USD
-2.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • Development activity for the Cosmos ecosystem has risen significantly high.
  • The average development activity for ATOM is higher than ETH, BNB, SOL and DOT.
  • ATOM’s price has risen 1.71% over the last 24 hours according to CoinMarketCap.

A tweet made today by the blockchain analysis firm, Santiment, shows that development activity for Cosmos (ATOM) projects on Github has been getting notably high.

Development activity for large crypto ecosystems (Source: Santiment)

Looking at the chart above, the Cosmos (ATOM) ecosystem is comfortably in the lead when compared to the Ethereum (ETH), Polkadot (DOT), Solana (SOL), and Binance Coin (BNB) ecosystems.

Earlier this year, ETH was in the lead due to the launch of the Merge upgrade and all of the development that went into the upgrade. Since then, however, the average development activity for the ETH ecosystem has fallen slightly but still remains in second place.

DOT has the 3rd highest average development activity at the moment. Meanwhile, BNB and SOL are number 4 and 5 on the list respectively.

In related news, the price of ATOM is now trading at $10.04 following a 1.71% increase over the last 24 hours, according to CoinMarketCap. Its price has also strengthened against Bitcoin (BTC) by 0.61% and has weakened against Ethereum (ETH) by 1.67%.

4 hour chart for ATOM/USDT (Source: CoinMarketCap)

The price of ATOM has crossed above the 4-hour 9 and 20 EMA lines to flip them into support over the last 36 hours. ATOM’s price is now looking to challenge the 4-hour resistance at $10.1. The relative positions of the 4-hour 9 and 20 EMA lines suggest that there is bullish momentum present on the altcoin’s 4-hour chart.

However, the 4-hour RSI line is a concern that may invalidate the bullish thesis, as the RSI line is positioned negatively towards the oversold territory. Nevertheless, the 4-hour RSI line is still positioned above the 4-hour RSI SMA line, which is a bullish sign.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Development Activity for Cosmos Is Notably High: Santiment appeared first on Coin Edition.

See original on CoinEdition

Development Activity for Cosmos Is Notably High: Santiment
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Sara summer
Sara summer Nov 24, 2022 5:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sᴜᴄᴄᴇss ᴅᴏᴇsɴ'ᴛ ᴊᴜsᴛ ᴋɴᴏᴄᴋ ᴀᴛ ᴀ ᴍᴀɴ's ᴅᴏᴏʀ, ɪᴛ ʀᴇϙᴜɪʀᴇs ʜᴀʀᴅ ᴡᴏʀᴋ ᴀɴᴅ ᴄᴏɴsɪsᴛᴇɴᴄʏ. Aʙᴏᴜᴛ ᴛʜʀᴇᴇ ᴍᴏɴᴛʜs ᴀɢᴏ ᴍʏ ᴄᴏᴍᴘᴀɴʏ ғᴀᴄᴇᴅ ᴀ ᴠᴇʀʏ sᴇʀɪᴏᴜs sᴇᴛ ʙᴀᴄᴋ, ᴏɴ ᴅɪsᴄᴜssɪɴɢ ɪᴛ ᴡɪᴛʜ ᴀ ғʀɪᴇɴᴅ ʜᴇ ᴛʜᴇɴ sᴘᴏᴋᴇ ᴛᴏ ᴜs ᴀʙᴏᴜᴛ ᴀɴᴅ ɪɴᴛʀᴏᴅᴜᴄᴇᴅ ᴍᴇ ᴛᴏ ᴛʜᴇ ᴄʀʏᴘᴛᴏ ᴍᴀʀᴋᴇᴛ ᴀɴᴅ ᴀᴛ ᴛʜᴇ sᴀᴍᴇ ᴛɪᴍᴇ ɢᴀᴠᴇ ᴜs ᴀɴ ᴀᴜᴛʜᴇɴᴛɪᴄ Exᴘᴇʀᴛ ᴛʀᴀᴅᴇʀ ᴡʜᴏ ʜᴇʟᴘ I ᴀɴᴅ ᴍʏ ᴄᴏʟʟᴇᴀɢᴜᴇs ɢᴇᴛ ʙᴀᴄᴋ ᴀᴛ ᴏᴜʀ ғɪᴛs I ᴍᴇᴀɴ ᴀʙᴏᴜᴛ ( $ 780ᴋ )Wᴇ ᴍᴀᴅᴇ ɪɴ ᴊᴜsᴛ 14ᴡᴇᴇᴋs ᴡᴇ ᴅɪᴅ ɪɴᴠᴇsᴛᴇᴅ $ 270ᴋ ... Amelia lee Richter ᴏɴ 📲 🅸🅽🆂🆃🅰🅶🆁🅰🅼 sʜᴇ ɪs ɪɴᴅᴇᴇᴅ ᴀ ɢᴇɴɪᴜs ᴏɴᴇ, ɴᴏᴡ I sᴇᴇ ʀᴇᴀsᴏɴs ᴡʜʏ ᴀ ʟᴏᴛ ᴏғ ᴘᴇᴏᴘʟᴇ sᴀʏ ɢᴏᴏᴅ ᴛʜɪɴɢs ᴀʙᴏᴜᴛ ʜᴇʀ, ᴀ ᴠᴇʀʏ ʀᴇʟᴇɴᴛʟᴇss ᴛʀᴀᴅᴇʀ ᴡɪᴛʜ ɢᴏᴏᴅ ʀᴇsᴜʟᴛs.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email