Cosmos (ATOM) is an up-and-coming cryptocurrency that has been increasing in trading price and popularity since the launch of its v9-Lambda upgrade in mid-March. Its native token, Atom, has enjoyed a bullish pattern since then and recently reached a trading price of $11.43 while also making it to the 21st position on CoinMarketCap. Not only that, but because of the staking yield of the coin, it currently yields over 20%. Furthermore, its market cap has now reached an impressive 3 billion.

One of the mainstays of the cryptocurrency market is staking yields. This is a process wherein a user locks up their crypto assets in a decentralized app and receives a token reward as compensation. It’s no surprise then that Atom holds its own compared to other major tokens in terms of its staking yield. In the past seven days, its trading price increased by 4%, which also had an effect on its market cap value.

Atom’s noteworthy performance at the moment could see it break the $15 mark, should its bullish momentum continue. That said, traders should exercise caution in their buying and selling decisions, and take into consideration the possibility of a reversal should the market become bearish.

Overall, Cosmos (ATOM) is a cryptocurrency to watch out for and its recent showing has drastically improved its chances of becoming one of the staples of the crypto market. It is becoming increasingly competitive and with its staking yields on the rise, more and more traders will likely take interest in the coin.



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