How $ATOM is growing to capture Solana’s thunder?
Every cryptocurrency, including altcoins, is developed on a blockchain. Blockchains can be loosely compared to traditional national banking institutions that mint their own currencies. However, they have significantly more intricate working with various algorithms, protocols, and underlying defining architecture.
The underlying blockchain of a crypto token largely determines the success of the token. For instance, Bitcoin’s blockchain uses a Proof of Work algorithm responsible for its high transaction fees and network congestion. Luckily, with time, blockchains have developed and now offer faster, cheaper, and safer transactions. One of the great examples of these blockchains is the Solana Ecosystem.
Solana Ecosystem is a decentralized blockchain built to offer scalable and user-friendly decentralized applications to the world. Solana’s blockchain ecosystem is regarded as one of the quickest growing blockchain considering its token price growth. Starting from a low price, the Solana token is now trading at around $154.07. Moreover, all Solana coin price predictions suggest an upward growth chart, making it a good investment opportunity for traders.
Moreover, Solana Ecosystem recently completed a private token sale led by Andreessen Horowitz and Polychain Capital, in which it collected $314.15M. These funds will be used to develop Solana’s blockchain ecosystem and will be instrumental in the token’s price growth.
Solana is regarded as the fastest blockchain in the world and the fastest-growing ecosystem in the crypto space, with over 400 projects enlisted. However, Solana is not the only blockchain ecosystem currently making waves in the crypto ecosystem. A new competitor, $ATOM, that is following Solana’s trail, has emerged with the potential to surpass Solana token growth easily.
Cosmos – The Internet of Blockchains
Cosmos is an ever-expanding ecosystem of blockchain with interconnected apps and services designed to build a decentralized future. $ATOM, the altcoin built on Cosmos blockchain, has been trending recently with a surge in the price of 24.75% in the last few days. Currently trading at the price of $31.13, the token touched the high of $36.96 before falling down slightly.
Cosmos aims to develop a network of crypto networks by uniting them using open-source tools and streamlined transactions. Cosmos is a goal-oriented blockchain network that puts the need for 253+ apps and services ahead of its own. The project currently has over $103B of digital assets under its management that grows by the day.
When looking at $ATOM coin latest news, all we can see is the potential of the token to surpass the growth of $SOLANA and the advice of crypto experts to invest in the token as soon as possible.
Projects such as $ATOM and $SOLANA marks a new era for cryptocurrencies with better security, faster and cheaper transactions, and unparalleled operability.