Binance aims to provide a seamless experience for its users by supporting these network upgrades.

The Cosmos (ATOM) upgrade is scheduled to occur at block height 21,835,200. In preparation for this upgrade, Binance will suspend deposits and withdrawals on the Cosmos network from approximately 16:30 (UTC) on August 21, 2024.

Similarly, the Kadena (KDA) network upgrade and hard fork will take place at block height 5,060,924. Binance will suspend deposits and withdrawals on the Kadena network from approximately 02:00 (UTC) on August 22, 2024.

During the upgrades, trading of ATOM and KDA tokens will not be affected, and continuous trading will be provided for users. Binance also assures customers that it will manage all technical aspects of the process.

Deposits and withdrawals for both networks will resume once the upgrades are confirmed to be stable, and no further announcement will be made regarding the reopening of these services.

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The post Binance Supports Upcoming Network Upgrades and Hard Forks for Cosmos (ATOM) and Kadena (KDA) appeared first on Coin Engineer.

Price History and Current Trends

Starting strong and rising above $44 in January 2022, the price finally dropped under the pessimistic attitudes of the market.  It has battled to regain up to the same degrees since then. The coin is not likely to drop below the $5.0 mark, though, since just recently it has attracted substantial support at that level. This coin’s bottom could be in, hence investors wishing to enter Cosmos now could get good profits. More people will start looking into altcoins if the structure of the market shows optimism.

Overview

Cryptocurrency: Cosmos
Token: ATOM
Price: $4.60
Market Cap: $1,821,469,128
Trading Volume: $280,639,551
Circulating Supply: 390,930,671 ATOM
All-time High: $44.47
All-time Low: $1.13

Technical Analysis: Cosmos Price Forecast

Volatility: 14%
50-Day SMA: $8.10
14-Day RSI: 38
Sentiment: Bearish
Fear & Greed Index: 30 (Fear)
Green Days: 12/30 (40%)
200-Day SMA: $9.87

ATOM/USD 4-hour price chart

The Cosmos chart for four hours is substantially like its daily chart. At $4.02, ATOM/USD has found great support. The price somewhat recovered following that point because of growing buying pressure. Cosmos (ATOM) is now retesting the trend line; so it is predicted to go lower afterwards. Should Cosmos recover from this level, the next main obstacle will be $6.39, from where Cosmos has lately slipped. To go back to that point, the market will need additional positive signals, though.

Maybe the local bottom is at the $4.29 level. Cosmos might spend some time consolidating horizontally before ascending. Still, Cosmos is probably going to dip lower once again, depending on the signals from the bigger timeframes.

Price Predictions for 2024

Following the recent ETH ETF clearance, the general market structure has grown somewhat optimistic. For this reason, over the next few months, we should anticipate more money entering the bitcoin market. By Q4 of 2024, Cosmos will show progress if geopolitical tensions and the state of the world’s economy do not deteriorate. Its retest should be near $14.5 and recover over $11.4. Should a bull run be validated, ATOM’s price will probably surpass these benchmarks.

Conclusion

Although ATOM’s future is yet unknown, its importance inside the Cosmos ecosystem and the larger blockchain sector places it as a major actor in the continuous development of distributed technology. To evaluate ATOM’s potential for recovery and expansion in the next few years, investors and fans will have to keep updated about events inside the Cosmos network and the larger market.

For more information on Cosmos and its potential applications, you can visit the official website of Cosmos.

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Cryptocurrency expert Crypto Jebb Information unveils his highly anticipated list of top altcoin picks for the approaching 2024-2025 bull market, poised for significant growth. Let’s explore these potential gems:

Best Altcoins for Next Bull Run

Solana (SOL): Reigns supreme as Jebb’s top choice, praised for its innovative solutions to scalability, security, and decentralization. Solana boasts lightning-fast transactions (over 50,000 per second!) and a recent price surge from $22 to $122. Its technological advancements, mainstream adoption, and impressive performance solidify Solana’s position as a standout investment.

Cardano (ADA): Despite its strong foundation led by Charles Hoskinson and advanced technology, Cardano lands slightly lower due to its smaller total value locked (TVL) and limited adoption of major decentralized applications.

Chainlink (LINK): Plays a pivotal role in connecting real-world data to blockchain networks, making it an indispensable component for numerous projects.

Polkadot (DOT): Championing interoperability, Polkadot seeks to create a seamless ecosystem where various blockchains can collaborate, eliminating isolated blockchain industries.

What is Polkadot ($DOT)?

Internet Computer (ICP): Bounces back from initial setbacks, demonstrating resilience and potential for growth. ICP offers autonomous serverless cloud functionality for decentralized applications.

Uniswap (UNI): A major player in the DEX space, Uniswap shines with its efficient and secure trading platform. Its established track record, high trading volume, and low inflation make it an attractive investment.

XRP: Renowned for its speed and association with Ripple, XRP has gained renewed confidence after recent legal victories against the SEC. However, concerns linger regarding released functionalities during the legal battle.

Cosmos (ATOM): Dubbed the “blockchain for building blockchains,” Cosmos empowers users to create high-performing blockchains. With a strong community and impressive staking rewards (over 11%), Cosmos presents a compelling investment opportunity.

Near Protocol (NEAR): Aims to simplify web 3 development by providing familiar programming tools like JavaScript and Rust for building decentralized applications.

Arbitrum (ARB): A layer two solution on Ethereum designed to boost decentralized app speed. While concerns exist about tokenomics and a large token supply release, Jebb predicts a 10x market cap increase (to over $20 billion) in the coming bull market.

Beyond the Hype:

While 2024 paints a promising picture for altcoins, showcasing the transformative potential of blockchain technology with features like fast transactions and innovative solutions, Jebb emphasizes the importance of careful navigation and strategic investment. Opportunities abound, but only those who make informed decisions will reap the rewards.

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The alluring potential of cryptocurrency investments has piqued the interest of both seasoned investors and newcomers alike. While volatility reigns supreme in this dynamic market, long-term strategies offer a promising avenue for building wealth over time. To navigate this landscape effectively, however, comprehensive knowledge and prudent decision-making are crucial. This guide dives deep into the world of long-term cryptocurrency investments, equipping you with the insights and tools necessary to make informed choices.

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Understanding Long-Term Cryptocurrency Investments

Long-term cryptocurrency investments involve holding digital assets for extended periods, typically years or even decades. This approach hinges on the belief that the chosen cryptocurrency possesses underlying utility and will attract sustained user adoption in the future. Unlike short-term trading focused on rapid price fluctuations, long-term strategies prioritize fundamental value and appreciate the potential for significant growth over time.

Benefits of Long-Term Cryptocurrency Investments

• Wealth Building: Holding cryptocurrencies with strong fundamentals allows you to capitalize on long-term appreciation. While short-term volatility may create temporary dips, history has shown that some cryptocurrencies, like Bitcoin, have delivered remarkable returns over time.
• Reduced Management: Compared to actively trading cryptocurrencies, long-term investments require less frequent monitoring and intervention. Once you’ve conducted thorough research and selected promising assets, you can adopt a patient approach and avoid the stress of constantly reacting to market fluctuations.
• High-Reward Potential: Cryptocurrencies boast the potential for significantly higher returns compared to traditional investment options. While not guaranteed, stories like Bitcoin’s monumental rise from pennies to thousands of dollars illustrate the transformative power of this asset class.

Top 10 Long-Term Cryptocurrencies (February 2024)

Note:

• Market cap and price data are current as of February 10, 2024.
• It is important to diversify your portfolio and not invest all of your funds in any single cryptocurrency.

Popular Long-Term Cryptocurrencies

• Bitcoin (BTC): The granddaddy of them all, Bitcoin enjoys widespread recognition and a massive market cap. Its limited supply and role as “digital gold” fuel long-term optimism.
• Ethereum (ETH): The leading platform for decentralized applications (dApps) and NFTs, Ethereum spearheads the Web3 movement. Its ongoing evolution and expanding ecosystem bode well for its long-term potential.
• Chainlink (LINK): As a decentralized oracle network bridging the gap between blockchains and real-world data, Chainlink offers unique utility and boasts partnerships with key players in the financial industry.
• Polkadot (DOT): Enabling seamless interoperability between different blockchains, Polkadot positions itself as a cornerstone of a multi-chain future. Its innovative architecture and scalability attract long-term investors.
• Cardano (ADA): Founded by a prominent Ethereum co-founder, Cardano emphasizes peer-reviewed development and boasts low transaction fees, attracting those seeking a secure and sustainable blockchain platform.
• Avalanche (AVAX): Offering rapid transaction speeds and low fees, Avalanche competes with Ethereum and caters to DeFi and NFT enthusiasts. Its compatibility with Ethereum assets strengthens its long-term viability.
• Aave (AAVE): A leading DeFi protocol for lending and borrowing cryptocurrencies, Aave empowers users and offers governance rights to token holders, making it a compelling option for those bullish on DeFi’s future.
• Cosmos (ATOM): The Cosmos Network is a collection of interconnected blockchain ecosystems linked through the Cosmos Hub
• The Graph (GRT): GRT is an Ethereum token that powers The Graph, a decentralized protocol for indexing and querying data from blockchains.
• Binance Coin (BNB): Binance Coin of the Binance exchange is one such crypto exchange asset.

Choosing the Right Cryptocurrency for Your Portfolio

• Understanding Value: Before investing, delve into the cryptocurrency’s value proposition. Analyze its unique use cases, total supply, and network activity to assess its long-term potential.
• Risk Recognition: Cryptocurrencies remain inherently volatile. Acknowledge the risks associated with market fluctuations, regulatory changes, and potential project failures before allocating funds.
• Thorough Research: Conduct extensive research on the chosen cryptocurrency. Read white papers, analyze expert opinions, and delve into the project’s team and community to gain a comprehensive understanding.

Tips for Successful Long-Term Investing

• Define Investment Amount: Decide on a suitable investment amount, considering your overall portfolio and risk tolerance. Remember, invest only what you can afford to lose.
• Choose a Reputable Exchange: Select a secure and well-established cryptocurrency exchange to ensure seamless buying, selling, and storage of your digital assets.
• Beware of Scams: Exercise caution and perform thorough due diligence before investing in any cryptocurrency. Be wary of promises that seem too good to be true and avoid projects with red flags.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post 10 Best Long-Term Cryptocurrencies Investment in 2024 appeared first on Coin Engineer.

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There is a descending channel formation on the Cosmos (ATOM) chart. Even if it tests the upper band momentarily, Atom continues to decline by being rejected from this level. It is worth noting that the upper band is an important resistance point for Atom. If it can break through this level and close above it, it can continue its rise to the order block at the $27 level.

If it is rejected from this level and continues to decline, we may see a pullback back to the lower band. However, it can be risky to target the lower band during the pullback because sometimes the declines can be short-lived and the uptrend can continue.

Cosmos (ATOM) is a platform and a cryptocurrency designed to enable blockchain projects to communicate with each other. Cosmos offers a network structure that facilitates interaction and data sharing between different blockchains. This allows different blockchains to communicate with each other, transfer assets, and work together.

When we examine the MACD indicator for Cosmos (ATOM), we can see that there is a slight downward signal. However, this is not yet a fully accurate signal because unclosed candles are not included in the analysis. Therefore, the situation on the MACD side may remain positive before the daily candle close.

The situation with the RSI indicator in ATOM looks a bit negative. RSI rejected the upper limit of the oversold zone, 70, twice, and is currently about to break below the middle line. If the daily candle closes this way, there is a possibility that the decline will continue.

Cosmos (ATOM) Market Data

• Market Cap: $4,122,098,019 (#20 ranked)
• Daily Volume: $777,334,040 (#17 ranked, +238.42% increase)
• Daily Volume/Market Cap (24h): 15.20%
• Circulating Supply: 378,751,467 ATOM
• Total Supply: 378,751,467 ATOM
• Fully Diluted Market Cap: $4,113,153,201

You can easily buy and sell Cosmos (ATOM) tokens from global exchanges such as Binance, BitGet, Kucoin, Mexc, Houbi, and Gate.io. If you want to benefit from the discount link specially defined for Coin Mühendisi followers, you can use our referral code by clicking on the exchange you want to register for.

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