17 hour ago
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Cosmos Set to Launch Revenue-Centric Token Economy for ATOM
Cosmos (ATOM) Market Update
- Cosmos maintains a market cap above $1 billion despite a 10% price drop in the past week.
- The project is preparing for significant structural changes, focusing on a revenue-centric token economy.
- A new research initiative will redefine ATOM's role in supporting the Cosmos Hub.
ATOM Tokenomics Overhaul
- Moving away from circular dynamics to a model based on real fees.
- Research will assess current supply and demand, test economic structures, and ensure a sustainable future framework.
- Involves five stages: proposal submission, team selection, data gathering, analysis, and governance approval.
- Participation from community members, validators, and ecosystem partners.
- Aims to position ATOM as the revenue token for the Cosmos enterprise era.
ATOM Price Analysis
- Currently in a descending channel on the 4H chart, holding above support at $2.40-$2.45.
- Low volatility observed with Bollinger Bands; RSI near 42, indicating limited bullish appeal.
- MACD lines near zero, suggesting no clear direction; BoP slightly negative.
- Potential rebound if buyers defend support, targeting $2.60 and possibly $2.90-$3 range.
- Risk of retesting cycle lows near $2.20 if price falls below $2.4.
