On December 29, the cryptocurrency market plunged. The price of Bitcoin has fallen to $46K and has caused panic in the crypto market. Despite the declines, some altcoins still managed to make slight gains. ATOM is one altcoin that has been gaining despite the dip. Cosmos trades at $28.26 as of this writing, after a 8.1% gain over 24 hours.

ATOM has seen notable gains since mid-January. After the market plunged, the slight uptrend was interrupted earlier in this week. ATOM appears to be the leader in price recovery.

If there is continued buyer support, this altcoin may continue its uptrend. Due to increased volatility, many buyers are staying away. The few buyers that are still present could lead to significant price gains. Altcoin managed to surpass the $30 resistance.

If the wider market recovers, the uptrend will be even more probable. At that point ATOM could set the next target of $40.

There is also the possibility that ATOM could drop to low levels. If there is selling pressure, such price actions can easily be reached. ATOM could move towards $25 support in this instance.

ATOM could experience more dips if the price corrects after last week's false breakout. It could fall to $22 as a result. This could be attractive to buyers who want to accumulate more coins in the dip.

Because it seeks to overcome interoperability which is one of the major problems in the sector, the Cosmos blockchain is one the most popular on the crypto market. Cosmos plans to create an internet of blockchains where different blockchains can seamlessly interconnect with one another. This will increase efficiency in the blockchain industry.

Where can I buy ATOM?

You can open an eToro cryptocurrency exchange account if you wish to purchase ATOM during this uptrend. eToro, a popular social copy trading platform, is highly recommended by beginners traders. The platform's intuitive interface makes it easy to use for new traders. Trading fees on the exchange are also very competitive.

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By: Ali Raza
Title: Cosmos Price at $28.26 after 8.1% gains – How to buy ATOM
Sourced From: insidebitcoins.com/news/cosmos-price-at-28-26-after-8-1-gains-how-to-buy-atom
Published Date: Thu, 30 Dec 2021 14:18:46 +0000