Cosmos (ATOM) Buyers Fail to Break Resistance After Cosmos 2.0’s Rejection
Cosmos (ATOM) buyers witnessed multiple rejections at the $10.00 resistance after the community disagreed with ATOM 2.0’s tokenomics proposal.
With the lack of forward direction and continued volatility from the FTX crash, analysts predict ATOM descending back to a November low in the $8.00 zone.
The Hideaways (HDWY) is a good choice for those looking for a new project to enter. The new cryptocurrency project amassed huge demand for its presale token this month.
Cosmos (ATOM) Community Decides to Reject ATOM 2.0
The Cosmos (ATOM) community voted against the implementation of a new tokenomics framework for the network’s upcoming upgrade, ATOM 2.0.
Under the Cosmos governance mechanics, the proposal will be rejected if the result shows more than 33.4% of the vote turnout comes up with a “No with veto” decision. At the end of the poll, 37.39% of the community went ahead with this option.
This is a painful setback for Cosmos (ATOM) as it has been working on this upgrade for years. Similarly, it happened at the most unlikely time when it needed utmost underpinning given the volatility from the FTX crash.
Crypto analysts noted the recent rejection will trigger a lack of direction for the time being. This means we will be seeing its investor base migrate to other stable projects like The Hideaways (HDWY) in the coming weeks.
Cosmos (ATOM) Price Descends Below $10
With the recent setback, Cosmos (ATOM) declines below $10 – a critical resistance that experts kept a watch on.
ATOM is currently exchanging hands at $9.51 after a 6.52% fall during the day. Analysts warned this is just the start of the bearish streak that the price will traverse moving forward.
The first support line is found at $8.75 and the lack of buyers from this level can send the price back to its July low of $7.40.
Cosmos (ATOM)’s technical indicators give no relief to worried investors. The RSI, a good measure of buying and selling pulse, has bottomed at 38.54.
The Hideaways (HDWY) is Your Best Bet for 2023 Gains
The Hideaways (HDWY) showed unexpected stability at the height of the FTX crash – it can save many distressed Cosmos (ATOM) investors again in this time of volatility.
The Hideaways (HDWY) is the first crypto-driven real estate investment project that aims to make property acquisition accessible to regular investors. Fractionalized NFTs go as low as $100 to make sure everyone, regardless of the amount of your capital, can have the chance to profit from its initiative.
The Hideaways (HDWY) backs its NFTs with real-world, high-yielding assets which can be a source of a lucrative amount of monthly income every month. This makes it a good investment both for passive and active investors wanting to grow their money in a short period.
The Hideaways (HDYW) token sells at $0.10, the cheapest price you could ever score a high-value token.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
The post Cosmos (ATOM) Buyers Fail to Break Resistance After Cosmos 2.0’s Rejection appeared first on Analytics Insight.
Cosmos (ATOM) buyers witnessed multiple rejections at the $10.00 resistance after the community disagreed with ATOM 2.0’s tokenomics proposal.
With the lack of forward direction and continued volatility from the FTX crash, analysts predict ATOM descending back to a November low in the $8.00 zone.
The Hideaways (HDWY) is a good choice for those looking for a new project to enter. The new cryptocurrency project amassed huge demand for its presale token this month.
Cosmos (ATOM) Community Decides to Reject ATOM 2.0
The Cosmos (ATOM) community voted against the implementation of a new tokenomics framework for the network’s upcoming upgrade, ATOM 2.0.
Under the Cosmos governance mechanics, the proposal will be rejected if the result shows more than 33.4% of the vote turnout comes up with a “No with veto” decision. At the end of the poll, 37.39% of the community went ahead with this option.
This is a painful setback for Cosmos (ATOM) as it has been working on this upgrade for years. Similarly, it happened at the most unlikely time when it needed utmost underpinning given the volatility from the FTX crash.
Crypto analysts noted the recent rejection will trigger a lack of direction for the time being. This means we will be seeing its investor base migrate to other stable projects like The Hideaways (HDWY) in the coming weeks.
Cosmos (ATOM) Price Descends Below $10
With the recent setback, Cosmos (ATOM) declines below $10 – a critical resistance that experts kept a watch on.
ATOM is currently exchanging hands at $9.51 after a 6.52% fall during the day. Analysts warned this is just the start of the bearish streak that the price will traverse moving forward.
The first support line is found at $8.75 and the lack of buyers from this level can send the price back to its July low of $7.40.
Cosmos (ATOM)’s technical indicators give no relief to worried investors. The RSI, a good measure of buying and selling pulse, has bottomed at 38.54.
The Hideaways (HDWY) is Your Best Bet for 2023 Gains
The Hideaways (HDWY) showed unexpected stability at the height of the FTX crash – it can save many distressed Cosmos (ATOM) investors again in this time of volatility.
The Hideaways (HDWY) is the first crypto-driven real estate investment project that aims to make property acquisition accessible to regular investors. Fractionalized NFTs go as low as $100 to make sure everyone, regardless of the amount of your capital, can have the chance to profit from its initiative.
The Hideaways (HDWY) backs its NFTs with real-world, high-yielding assets which can be a source of a lucrative amount of monthly income every month. This makes it a good investment both for passive and active investors wanting to grow their money in a short period.
The Hideaways (HDYW) token sells at $0.10, the cheapest price you could ever score a high-value token.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
The post Cosmos (ATOM) Buyers Fail to Break Resistance After Cosmos 2.0’s Rejection appeared first on Analytics Insight.
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