Crypto Cosmos, often referred to as the internet of blockchains, is in good shape! With a course that takes nearly 8 points currently, the Cosmos crypto enters the top 20 and settles in 19th place. The reason for this shape? The launch of the first Cosmos ETP by 21Shares.
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| The course of the crypto Cosmos in shape with the launch of its first ETP |
At present, a crypto stands out somewhat from the others with a price that shows an increase of more than 8% in 24 hours. This is the Cosmos crypto (ATOM). Discover the ecosystem of the ATOM coin and the reason for the increase in its price.
The First ETP Cosmos Launched!
One of the reasons behind the strong form of the Cosmos crypto today is the launch of its first ETP. Broadly speaking, an ETP is similar to an ETF, it is an asset that reproduces the price of another (in this case Cosmos) and which can be traded on the traditional stock market. In other words, with a Cosmos ETP, you do not need to buy Cosmos to trade.
We owe the initiative of the first Cosmos ETP in the world to 21Shares. The 21Shares Cosmos ETP (ATOM) is now listed on the SIX Swiss Exchange. The launch of this ETP follows that last week of the ETP Terra still by 21Shares.
“Cosmos has built a cutting-edge platform that can empower everything from finance to metaverse. We are excited to launch this product and continue our goal of building bridges to facilitate accessibility to the world of cryptocurrency. » Hany Rashwan, CEO and co-founder of 21Shares
What is the Cosmos ecosystem?
While there are many blockchains, few are able to work together well. For many, this is an important issue that the blockchain world will have to overcome to ensure its future. Precisely, the primary objective of Cosmos is to solve interoperability problems between blockchains. This is why Cosmos is commonly referred to as “the blockchain internet”. The Cosmos ecosystem was born in 2016 and its creator is Jae Kwon.
Cosmos functions as a hub that connects multiple blockchains, each with their own consensus algorithm. This hub makes it possible to record all interactions between blockchain.
The Course Of Crypto Cosmos
ATOM is the native token of the Cosmos platform. Currently, the Cosmos price is €34.6. The price of ATOM is up 8% over the last 24 hours, this is the best performance of the world's top 20. The ATOM token remains on an excellent dynamic these last two months with:
+78% over the last 30 days;
+32% over the last 60 days.
With such momentum, the price of Cosmos is approaching its ATH of €39.39 reached on September 20, 2021. With a capitalization of €9.5 billion, Cosmos is the 19th largest crypto in the world at the time of writing this item.
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