ATOM may kick-off next week with the bulls thanks to this Cosmos development

ambcrypto.com:

Cosmos [ATOM] has been gradually recovering from its bottom range since June. Its recovery pace might be about to receive a healthy boost now that the Cosmos network transitioned to a new phase in its development.

At the time of writing, ATOM had just over 286 million coins in circulation, yet its historic high did not manage to break above the $45 price tag. In contrast, some of the other cryptos whose circulating supply was within ATOM’s range or higher performed better. A good example was SOL, whose price action peaked above the $250 despite having a higher circulating supply.

The above comparison underscore’s ATOM’s underperformance despite being one of the top cryptocurrencies. Multiple factors influence a cryptocurrency’s value and its development was one of them. Cosmos released a new update which revealed that the network entered the next important phase of its development.

— Ethan Buchman (@buchmanster) September 23, 2022

The update confirmed that Cosmos network just completed the initiation stage of its development. More importantly, it marked the start of the next phase called the integration phase. According to the update, this is the stage that would allow Cosmos to have a bigger impact on the real-world economics. It would also pave the way for deeper collaborations with other networks in the blockchain segment.