Cosmos has announced its intentions to push towards building and expanding an interconnected internet of blockchains again, starting with the implementation of IBC with solidity to connect Ethereum to Cosmos. This move will enable the transfer of data, tokens, and messages to multiple blockchains through IBC, including enterprise Ethereum and all EVM-compatible blockchain networks. Onboarding Ethereum will make Cosmos and the IBC more attractive to other potential prospects, and the demand for ATOM should go up as more blockchains get connected to the Cosmos hub. However, ATOM's performance has been delivering sideways action for the last 12 days, with limited volumes and low volatility prevailing. If Cosmos proceeds and succeeds with its plans this year, it could boost ATOM's potential value. (ambcrypto)
All Comments