Should you buy ATOM as Cosmos Hub released the ATOM 2.0 whitepaper?

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The ATOM 2.0 whitepaper was released on September 26, 2022, that outlined numerous new changes to the tokenomics as well as additional features for the Cosmos (ATOM/USD) Network.

Cosmos is an ecosystem of interoperable and sovereign blockchain applications and services, while ATOM is the cryptocurrency that powers an entire ecosystem of blockchains, which are purpose-built to scale and interoperate with one another.

The ATOM 2.0 whitepaper release as a catalyst for growth

In the latest Cosmos news, one of the most highly-anticipated updates within the Cosmos ecosystem, known as the ATOM 2.0 whitepaper, was released following a series of speeches from the co-founder of Cosmos, Ethan Buchman, the co-founder of Osmosis, Sunny Aggrawal, and the co-founder of Iqlusion, Zaki Manian at Cosmoverse.

This 27-page document which is titled “The Cosmos Hub,” was penned by Buchman, Manian as well as eight other figures within the community.

It outlines new tokenomics, as well as a suggestion for the implementation of multiple new features across the broader ecosystem.

The monetary policy proposed here is in two steps; a 36-month-long transitional phase will be introduced.

Here, 10 million ATOM would get issued on a monthly basis, and the issuance rate would then decrease until reaching emissions of 300,000 ATOM per month, which would bring the inflation rate down to 0.1%.

The three new features include The Interchain Scheduler, The Interchain Allocator, and the Governance stack as well. 

Should you buy Cosmos (ATOM)?

On September 27, 2022, Cosmos (ATOM) had a value of $14.337.


ATOM/USD Chart By TradingView.

The all-time high of the Cosmos (ATOM) cryptocurrency was on January 17, 2022, when it reached a value of $44.45. Here we can see that at its ATH, the token was trading $30.113 higher in value or by 210%.

When we go over its weekly performance, Cosmos (ATOM) had its low point at $13.15, while its high point was at $15.50. Here, we can see an increase of $2.35 or 18%.

Its 24-hour performance is also similar, with a low point at $13.82 and a high point at $14.81. This marks an increase of $0.99 or 7%.

Looking at the chart, we can see that Cosmos (ATOM) started April at a value of $31.87 and gradually decreased to $18.08 and $14.33.

With this in mind, investors might want to buy ATOM at $14.337, as with the whitepaper and recent developments, it can climb to a value of $18 by the end of October 2022.

The post Should you buy ATOM as Cosmos Hub released the ATOM 2.0 whitepaper? appeared first on Invezz.

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