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Cosmos (ATOM) integrated on THORChain: ATOM price jumps 10%

ByNdasi Tata

Jul 6, 2022
1657035143454 a7272e58 20ce 4f20 93fc e90fc1491f77
1657035143454 a7272e58 20ce 4f20 93fc e90fc1491f77

Cosmos (ATOM) is among the few cryptocurrencies that have experienced some gains in the past 24 hours as the majority of coins continue to fall.

At the time of writing, ATOM was trading at $8.82, up 9.2% in the past 24 hours. It has hit a daily high of $9.27. Over the past two weeks, ATOM has gained about 23.7%.

But why has ATOM been on the rally while the majority of the tokens are bowing to the crypto market meltdown? Here is why.

ATOM integration on THORChain

One of the main reasons for the ATOM uptrend is after THORChain (RUNE), one of the best DeFi protocols, integrated ATOM into its ecosystem.

With this integration, users will be able to transfer ATOM directly to Ethereum, Bitcoin, and other cryptos that are supported on the THORChain network without the need for wrapped solutions or bridges.

However, the need to include the ATOM support was earlier on announced on June 23, when THORChain went live on the main network four years later since its inauguration. In addition, the team also announced the integration of Avalanche (AVAX), another prominent crypto project, into their ecosystem.

Impact of the Integration on ATOM coin 

With the ATOM integration into the THORChain ecosystem, Cosmos token turnover will increase and also allow seamless exchange into the original ETH and BTC.

It’s important to note that ATOM has portrayed an impressive performance as a result of these integrations. This year, Cosmos announced its transition into the Interchain Security Protocol that helps to advance the security of Cosmos Hub and the entire ecosystem’s performance.

The post Cosmos (ATOM) integrated on THORChain: ATOM price jumps 10% appeared first on CoinJournal.

Ndasi Tata

Ndasi Tata is a Cameroonian-born Bitcoin entrepreneur and former state journalist who's also known for being a Bitcoin and Blockchain advocate. He's a crypto lover and reporter and has promoted several crypto projects within the African Continent. He uses a variety of social media and online channels. In addition to running a successful Facebook page with thousands of fans, he also promotes blockchain and bitcoin development initiatives on the well-liked YouTube channel #cryptoafrica-now. He earned an M.Sc. from the University of Nicosia in Cyprus in Blockchain and Digital Currency. At the University of Nicosia, Andreas Antonopoulos, Ph.D., and Antonis Polemitis, Ph.D., serve as role models.

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