Cosmos (ATOM) Price Prediction

The Cosmos team shared some details about IBC-Solidity and some of its goals in a recent Twitter post.With IBC-Solidity, it will be possible to facilitate the transfer of messages, tokens, and data across a variety of blockchains.ATOM is currently trading at $10.97 after a 3.48% price decrease.The Cosmos team took to Twitter on April 6 to share more about IBC-Solidity. The team announced that IBC (Inter-Blockchain Communication) would be expanding to other blockchains like Ethereum. In detail, the Solidity implementation of IBC aims to connect Ethereum to Cosmos. 1/ 2023 is the year that #IBC will expand to new blockchains, including #Ethereum@datachain_en, an @interchain_io granted team, is working on IBC-Solidity.The Solidity implementation of IBC aims to connect Ethereum to #Cosmos— Cosmos – Internet of Blockchains (@cosmos) April 6, 2023 By using IBC-Solidity, it will now be possible to facilitate the transfer of messages, tokens, and data across a variety of blockchains. This includes blockchains like Ethereum, EVM-compatible blockchains, and Enterprise Ethereum.The Twitter post also added that by being EVM-compatible, IBC-Solidity can also be used to connect chains like BSC, Polygon, and Avalanche. In addition to this, IBC-Solidity can then be utilized in cross-chain bridges to connect these public chains.ATOM price Source: CoinMarketCapDespite this announcement from yesterday, Cosmos (ATOM) is currently one of the cryptocurrencies trading in the red. CoinMarketCap indicates that ATOM is now worth about $10.97 after a 3.48% price decrease over the last day. The crypto also reached a high of $11.59 over the same time period.Looking at the altcoin’s weekly performance, it is clear that the crypto still has a bit of work to do to creep back in the green zone as ATOM is down by just more than 1% over the last seven days. At the moment, ATM’s 24-hour trading volume is in the green and stands at $160,896,454 after a more than 12% increase since yesterday.Its market cap of $3,138,919,550 means that ATOM is currently ranked as the 22nd biggest crypto in terms of market capitalization.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To Cosmos appeared first on Coin Edition.

This article has been republished with permission from CoinpediaThe post Polkadot powers up for security, Cosmos soars to new heights as a viable Ethereum alternative, while TMS Network (TMSN) is all set to take trading to the next level: Disrupting the status quo appeared first on Coinpedia Fintech NewsThe cryptocurrency world is constantly growing, with new players and game-changers popping up regularly. In recent news, the Polkadot (DOT) network has been making waves with its commitment to boosting security and forming powerful partnerships to protect the blockchain. On the flip side, Cosmos (ATOM) has been setting new records as a potential rival to Ethereum, capturing the hearts and wallets of investors. Now, TMS Network (TMSN) is entering the arena, poised to shake up the digital landscape by raising the trading bar. In this article, we will explore these exciting developments and discover the potential impact they could have on the ever-evolving cryptocurrency world.Polkadot (DOT) network has been flexing its muscles and forming a force to protect the blockchainPolkadot (DOT) Alliance is formed to enforce standards and protect the blockchain from bad actors. This can be achieved by having the ability to recognize and expose those who do not adhere to the standards and guidelines set out by the alliance. The hope is that this will help promote a positive and secure environment for the Polkadot (DOT) network. These seven projects – Acala, Astar, Interlay, Kilt, Moonbeam, Phala, and Subscan – are at the forefront of innovation, and have formed an alliance to drive the growth and development of the Polkadot (DOT) network.However, as with any new initiative, there are potential drawbacks that should be considered while investing in Polkadot (DOT). The lack of governance powers within the Polkadot (DOT) Alliance may limit its effectiveness in achieving its goals. The Polkadot (DOT) Alliance’s pursuit of unmasking the mischievous forces in the ecosystem could ignite a fiery and split-prone atmosphere in the community. Thus, It is important to find a balance between promoting positive practices and holding individuals accountable, without fostering a toxic environment.As of now, Polkadot (DOT) is trading at $6.61, which represents a significant drop of 87.99% from its peak value of $55.Cosmos (ATOM): The platform of choice over EthereumThe recent issues of scalability and high transaction fees of the Ethereum Network have pushed many users and developers towards alternatives, with Cosmos (ATOM) emerging as a strong contender. The Cosmos (ATOM) platform utilizes a consensus mechanism called Tendermint, which is a type of PoS. This allows for faster and cheaper transactions, without sacrificing security. The consensus mechanism of Cosmos (ATOM) also allows for interoperability with other blockchains, further expanding its reach and usefulness. This has resulted in a growing number of developers and users turning to Cosmos (ATOM), making it a platform of choice over Ethereum. Despite its success as a viable Ethereum alternative, the future of Cosmos (ATOM) remains uncertain as the token value has been consistently declining. As of writing, Cosmos (ATOM) is priced at $14.74, a decrease of 1.04% in the past 24 hours. Cosmos (ATOM) is 66.88% down from its all-time high of $44.70.TMS Network (TMSN) paves the way for a better trading experienceTMS Network (TMSN) is a decentralized trading platform that is paving the way for a better trading experience. At the heart of TMS Network (TMSN) is blockchain technology, which provides a secure and transparent platform for all transactions. Thus, traders can be confident that their trades on TMS Network (TMSN) are safe and secure, and that all transactions are fully auditable. Currently trading at $0.0047, TMS Network (TMSN) also eliminates the need for intermediaries, reducing costs while enabling faster and more efficient trades.Moreover, TMS Network is committed to making trading accessible to everyone. Its user-friendly interface and intuitive design make it a breeze to navigate, allowing traders of all levels to trade with confidence. Additionally, with a wide range of trading pairs available, including stocks, CFDs, cryptocurrency, and forex, TMS Network provides traders with endless opportunities to diversify their portfolios.So why settle for an outdated and unreliable trading platform when you can join the TMS revolution? Embrace the future of trading with TMS Network (TMSN) and get ready to take your trading game to the next level. Join the TMSN community today, and experience the future of trading for yourself!Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

Decentralized exchange (DEX) Osmosis will conduct its v14.0.0 upgrade, termed “Neon,” in line with a broader plan to expand product integrations and make cross-chain trading more lucrative for traders, developers said Wednesday.The upgrade, which is scheduled to take place at block height 7937500 on Jan. 23, 16:00 UTC, will include a number of important enabling upgrades for Osmosis.One of the key features of the upgrade is the implementation of geometric TWAP (Time Weighted Average Pricing) in Osmosis liquidity pools. In finance, a TWAP is the average price of an asset over a specified time. A TWAP strategy is often used to minimize a large order’s impact on the market by dispersing the large order into smaller quantities and executing them at regular intervals over time, as per Binance.The above will allow protocols building on Osmosis to choose between two pricing mechanisms that will be relevant for the protocol to provide “concentrated liquidity” to users – a design that increases the capital efficiency of using a DEX along with improved rewards for liquidity pools (LPs).Liquidity pools refer to tokens supplied by a user to a DEX, which in turn incentivizes users to become liquidity providers in exchange for a share of transaction fees and free tokens.The upgrade would also make pricing ticks more efficient and will stave off liquidity attacks utilizing upward price manipulation. Such manipulation has previously resulted in bad actors making off with as much as $100 million by manipulating DEXes.Furthermore, Neon will introduce a downtime detection module, which will detect if the Osmosis network is out of action or unavailable for use and prevent improper liquidations on other lending protocols that rely on Osmosis’ pricing data.Osmosis developers said that it was important to get this upgrade deployed quickly in order to pave the way for the upcoming integration of the Mars Protocol, a credit lending and borrowing marketplace.Users will be unable to use the Osmosis DEX and staking and governance features will also be unavailable until the upgrade is complete.Osmosis’ native OSMO tokens were down 3% in the past 24 hours, in line with a broader market decline. The protocol currently holders $160 million in locked tokens, down 90% from 2022's peak of $1.6 billion.