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In the second quarter of 2023, several long-standing cryptos, such as Cosmos (ATOM) and Polkadot (DOT), have found it challenging to trade in the green zone. On the other hand, a new project, Tradecurve, has been making presale records. Experts are recommending investing in this new project to make big money in 2023.
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Amid the falling market value of ATOM, Cosmos has introduced a new development on the network that may attract users. Recently, Cosmos (ATOM) launched Noble, which aims to address liquidity issues, mitigate bridge risks, and alleviate fragmentation. Noble will address liquidity problems by issuing Cosmos’ (ATOM) native USD Coin (USDC).
However, Cosmos (ATOM) has been facing problems on other growth fronts. The daily active addresses count on the Cosmos (ATOM) network is significantly low, causing a steep decline in the volume of daily transactions. Consequently, the price of Cosmos (ATOM) has also taken a blow, and has nosedived by 5% in the past week. Currently, Cosmos (ATOM) is available to trade at $10.31.
Due to the network advancements of its rivals, Polkadot (DOT) has taken a dip on the growth chart. According to latest market data, the number of core developers on Polkadot’s (DOT) network has gone below that of Ethereum and Cosmos.
The data from Token Terminal revealed that the number of developers committing codes on Polkadot (DOT) was 149, while it was 156 and 190 for Cosmos and Ethereum. This, in turn, has caused a decline in the market value of Polkadot (DOT).
The price of Polkadot (DOT) has dropped by 12% in the past month. As a result,
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