Cosmos rockets 16% in a day; Here’s why ATOM just went nuclear
Cosmos (ATOM) has staged a remarkable comeback, soaring 16.72% over the past 24 hours to trade above $5.06 at press time. The spike in price was matched by a sharp increase in investor activity, with trading volume climbing 56.78% to $247.87 million and market capitalization rising to $1.93 billion. As a result, ATOM secured the top spot among the 100 largest cryptocurrencies by daily gains on April 4. ATOM tops the charts among the 100 largest cryptocurrencies by daily gains Source: CoinMarketCap Despite the recent breakout, ATOM remains down over 19% year-to-date, highlighting the depth of its earlier losses. However, it has managed to gain 20% over the past month, signaling a shift in sentiment even as broader market conditions remain uncertain. ATOM one-month price chart. Source: Finbold Key catalysts behind ATOM’s rally The rally was driven in part by eToro’s announcement that it had launched staking support for Cosmos and Polkadot (DOT). This ena...