A few older layer-1 names are quietly doing the opposite of the market today.
Per CoinGecko, $ATOM is up about 7.5% to near $1.87, and $APT is up about 7.3% to near $0.82. That comes on a day when bitcoin is flat, ether is down about 2.5% and Solana is down nearly 4%. Cosmos is even positive on the week, up around 7%.
My view: one green day does not make a trend, and both tokens are still far below their old highs. But rotations into beaten-down names during a sell-off usually say something about where traders think the downside is already priced in.
💬 Rotation into laggards, or just a short squeeze?
#Cosmos #Aptos
Per CoinGecko, $ATOM is up about 7.5% to near $1.87, and $APT is up about 7.3% to near $0.82. That comes on a day when bitcoin is flat, ether is down about 2.5% and Solana is down nearly 4%. Cosmos is even positive on the week, up around 7%.
My view: one green day does not make a trend, and both tokens are still far below their old highs. But rotations into beaten-down names during a sell-off usually say something about where traders think the downside is already priced in.
💬 Rotation into laggards, or just a short squeeze?
#Cosmos #Aptos