Cosmos (ATOM), the native token of the eponymous blockchain network has gained 12% in the last 24 hours. At the time of writing, ATOM currently trades at $11.430.
The 27th largest cryptocurrency based on market capitalization is still trading 74% down from its September 2021 all time high,
ATOM/USD 24-hour price chart (Source: TradingView)
The cryptocurrency market was drastically hit in the past two weeks as LUNA, the native token of the Terra blockchain lost up to 100% of its value, falling from its all-time-high of $120 to $0.00. The Terra stablecoin, UST, also lost its dollar peg and exchanged hands at 22 cents rather than the usual $1.
ATOM has also seen a spike in its trading volume across exchanges . Its trading volume roughly stands at $327 million in the last 24 hours and it’s up by 11% compared to the previous day.
The total value locked (TVL) in Cosmos, the largest protocol by TVL eponymous ecosystem, has also increased by 2.16% to $2.32 billion in the last 24 hours.
Similarly, the price of Bitcoin, the largest cryptocurrency based on market capitalization, has jumped 4.42% in the last 24 hours and is currently trading at $30,301. The price of Bitcoin tanked about 14 days ago, slipping below $25k.
BTC/USD 24-hour price chart (Source: Tradingview)
Similarly, the second largest cryptocurrency based on market capitalization, Ethereum, is also up by 5.6% and trading at $2040.
ETH/USD 24-hour price chart (Source: trading view)