ATOM price is going up. Maybe you don't care why, as long as the candles are green, but here's some factors to Cosmos' new ATH.
Up to this point, there had not been a way for Ethereum-based projects to interact with the Cosmos ecosystem. This significantly limited the number of projects and tokens that could interact with DeFi and NFT projects in the Cosmos ecosystem., is another project dedicated to facilitating the bridging of assets between Ethereum and Cosmos and currently it operates as a standalone chain. Plans to migrate to the Cosmos Hub in early 2022 are currently underway.
Some of the new features included in the upgrade include the addition of meta-transactions, where transactions can be submitted by separate accounts that receive tips and the introduction of inter-chain accounts which allow users to manage accounts across multiple blockchains. Another feature is liquid staking, a system where users utilize the value of staked assets in other parts of the Cosmos ecosystem.
The Theta upgrade also includes NFT modules, which enable the simple management of NFT identifiers, their owners and associated data.Expanding ecosystems are typically bullish A third reason for the bullish momentum of ATOM is ecosystem's expansion to 28 live, interconnected chains that total more than $68 billion in total value.
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