ReportWire

Tag: Cosmos

  • Cosmos Price Analysis: Analyst Says ATOM Has ‘A Great Chart’

    Cosmos Price Analysis: Analyst Says ATOM Has ‘A Great Chart’

    [ad_1]

    Cosmos is presently held between a rock and a hard place in the market, according to crypto analyst Alan Santana. To him, this is a very opportunistic time for long-term investors, most especially those with a bullish outlook.

    Related Reading

    He feels that ATOM is currently trading at quite a remarkable discount from the highs posted, hence positioning itself for a very compelling risk-reward entry. According to Santana, Cosmos has “a great chart” because the coin is trading very low compared to historical prices.

    Cosmos: Accumulation Phase and Risks

    Santana emphasized that Cosmos was in its critical phase of accumulation. On the other hand, ATOM has historically formed higher long-term lows, which could be a technical indicator setting a stage for future gains.

    However, accumulation comes with risks. The key level to watch would be $1.923, a low from March 2020. Should the price of ATOM go below this threshold, it would somewhat undermine the bullish narrative Santana presents.

    Such a decline could be interpreted as a shift in market sentiment and would result in weaker performance compared with other cryptocurrencies.

    ATOM market cap currently at $1.76 billion. Chart: TradingView.com

    Another pressure on ATOM comes from insider selling. As soon as the developers, miners, or exchanges begin to sell their holdings en masse, that usually becomes a red flag indicator of problems within the project or, at the very least, a lack of belief in its further perspective.

    This might be why, in particular, Cosmos can’t hold up that well compared to other altcoins, which have been able to stay above their June 2022 lows.

    Bearish Forecast And Market Sentiment

    Although Santana’s sentiment is slightly overly hopeful, the market sentiment is overwhelmingly bearish. According to CoinCodex’s most recent prediction, Cosmos will lose 8.56% and its price will fall even further to $4.13 by September 15, 2024.

    All technical indicators in this forecast are bearish. The Fear & Greed Index has finally reached 27, showing much fear in the market. For Cosmos, there have been nine green days during the last 30 days—out of a possible total of 30.

    Source: CoinCodex

    This translates into a positive return rate of 30%. Its current price volatility is at 11.64%, indicating a highly uncertain and risky time frame.

    Well, considering the current state of the market, it may not be an ideal time to invest in Cosmos. Based on the factors mentioned above, namely the price drop forecast and the current sense of fear in the market, it would seem that caution is due.

    Related Reading

    Weighing The Risks and Rewards

    Although Santana’s analysis shows that this could actually be beneficial for future gain, the outlook immediately is not so promising. The factors therefore have to be taken into consideration by the investor prior to buying.

    Cosmos is a high-risk, high-reward scenario. The current low price and previous higher lows could yield huge rewards for long-term investors who can handle the storm. However, adverse mood, insider selling, and price decrease expectations are risks.

    Featured image from Zipmex, chart from TradingView

    [ad_2]

    Christian Encila

    Source link

  • Gabriela Salazar’s Cut Flower Garden in Valle de Bravo, Mexico: The Floral Designer Gives Us a Tour

    Gabriela Salazar’s Cut Flower Garden in Valle de Bravo, Mexico: The Floral Designer Gives Us a Tour

    [ad_1]

    Above: Dahlias are Mexico’s national flower so they grow exceptionally well here.

    Gabriela’s garden presently is 3/4 of an acre and it expands little by little. She started with a 1/3 of an acre (which was grass) and the landlord agreed to rent her more space over the time. Depending on the season, Gabriela grows mainly ranunculus and dahlias, but she also cultivates sweet peas, hellebores, poppies, phlox, cosmos, larkspur, and foxgloves. When dahlia season ends, she turns her attention to celosia and cosmos, and snapdragons and sunflowers, too. Gabriela has her eye on Echinacea pallida ‘Hula Dancer’, which she will try out soon.

    Gabriela shares,
    Above: Gabriela shares, “No garden will flourish without love and care.” Every inch of her garden cultivates her spirit and nurtures her soul, from the casual stone pathway to the infinite number of petals.

    Anyone who grows their own cut flowers knows just how rewarding, convenient, and cost-saving this process can be. On a practical level, Gabriela adds, “When you grow your own flowers you get to choose the best stage to cut them and you have flowers that actually last longer. You can also have curvy stems and not very standard stems. The flowers that you grow in the garden have more personality and so the arrangement will be more special.” On a more spiritual level, “growing flowers can really change the way you feel in life and can remind us that we are part of an amazing universe and an infinite intelligence that created all the beauty surrounding us to show us its love,” she says.

    Above: (left) A prolific pink Chrysanthemum will add tantalizing texture to an arrangement and (right) delicate cosmos, grown from seed, will add an airy, romantic touch.

    Of course successful home-grown flowers take experience, trial and error, and a bit of serendipity. For anyone who is intrigued about venturing into this self-sufficient world, Gabriela shares this tip: “Raised beds are always good, also amending the soil and having a drip irrigation system. But, more importantly, love and care for them every day. Flowers respond to our energy and care.”

    Gabriela, in her floral studio.
    Above: Gabriela, in her floral studio.

    See also:

    (Visited 2 times, 1 visits today)

    [ad_2]

    Source link

  • Our Favorite Flowers to Sow in June for an Autumn Bloom

    Our Favorite Flowers to Sow in June for an Autumn Bloom

    [ad_1]

    Even though Memorial Day is behind us, we’re still technically in the midst of spring (summer solstice falls on June 20 this year). This means you still have time to direct-sow seeds in your garden to fill in the gaps and guarantee color come autumn.

    Note that different varieties of flowers may have different days to maturity, so please check the back of the seed packet to make sure it has a short maturity date. And as always, don’t forget to meet your plants’ needs with full sun, good soil, and the right amount of water.

    Here are five flowers you can start from seed in June that will bloom before frost.

    Photography by Joy Yagid.

    Nasturtiums, Tropaeolum majus, 28 to 42 days to bloom.

    Above: Nasturtiums come in at first place for their ability to bloom in as little as a month after sowing. Cheerful, edible flowers, they’re loved by bumble bees and available in different shades of red, orange, yellow, and a mix of the three colors. Plant in your garden beds as a green mulch under tomatoes.

    Zinnias, Zinnia elegans, 55+ days to bloom.

    Zinnias can bring a riot of color to your garden by August and are a hit with butterflies and bees. They also make great cut flowers. Choose your variety carefully; some grow to less than two feet tall and others can reach over four feet! They are very susceptible to mildew, but it doesn
    Above: Zinnias can bring a riot of color to your garden by August and are a hit with butterflies and bees. They also make great cut flowers. Choose your variety carefully; some grow to less than two feet tall and others can reach over four feet! They are very susceptible to mildew, but it doesn’t stop them from flowering. They will keep blooming until frost.

    Marigolds, Tagetes spp, 56 days to bloom.

    Marigolds are another happy flower that can do double duty as both a cheery welcome in a container on your front steps and an insect repellent in the vegetable garden.When their blooms fade, you can use the petals to make dye. (See 5 Flowers to Grow for a Starter Natural Dyes Garden.)
    Above: Marigolds are another happy flower that can do double duty as both a cheery welcome in a container on your front steps and an insect repellent in the vegetable garden.When their blooms fade, you can use the petals to make dye. (See 5 Flowers to Grow for a Starter Natural Dyes Garden.)

    Cosmos, Cosmos bipinnatus, 65 to 70 days to bloom.

    Tall and wispy, cosmos add movement in addition to color to your garden. Their feather-like foliage moves in the slightest breeze. Another bonus is they don’t mind the heat and deer don’t like them. In New Jersey, they are planted on highway medians for beautification.
    Above: Tall and wispy, cosmos add movement in addition to color to your garden. Their feather-like foliage moves in the slightest breeze. Another bonus is they don’t mind the heat and deer don’t like them. In New Jersey, they are planted on highway medians for beautification.

    Sunflowers, Helianthus annuus, 70 days to bloom.

    The quintessential happy flower, sunflowers can be started in June and will bloom by September. And while their flowers are associated with summer, their coloring makes them the perfect fall bouquet flower. Better yet, don
    Above: The quintessential happy flower, sunflowers can be started in June and will bloom by September. And while their flowers are associated with summer, their coloring makes them the perfect fall bouquet flower. Better yet, don’t cut them and leave them for the soon-to-be migrating birds, who love to snack on their high-calorie seeds in preparation for the flight south. (See In Praise of Hulled Sunflower Seeds (the MVP of Bird Food).

    See also:

    (Visited 2 times, 2 visits today)

    [ad_2]

    Source link

  • Akash (AKT) spiked 41% this week, 1,400% over the past year

    Akash (AKT) spiked 41% this week, 1,400% over the past year

    [ad_1]

    Amid cryptocurrency ups and downs, Akash Network’s native token, AKT, has experienced a noteworthy surge of over 40% in the past week. 

    Akash Network (AKT) is trading at $3.20 representing almost 15% increase in the last 24 hours and an impressive leap of 41% over the past week, with a market cap of over $718 million, per data from CoinGecko. 

    In the space of one year, AKT displayed a phenomenal gain of more than 1,400%, demonstrating strength. As soon as AKT surged, its social dominance has also seen a significant level of growth since August 2023. 

    Akash Network is an open-source and decentralized cloud computing platform that runs on the Cosmos blockchain, which provides a distinctive solution to cloud services. This innovative network enables deployment of any cloud-native application thus increasing price–performance and scalability for decentralized applications and organizations. 

    Akash’s disruptive impact on the cloud computing market is palpable. By distributing underutilized cloud capacity, Akash provides more efficient and cost-effective cloud computing services than centralized alternatives. This commitment to open-source technology positions Akash as a more economical option compared to existing centralized cloud computing providers.

    The AKT token is a vital tool for governing and securing the Akash Network. It is the primary means for storing and exchanging value across the network and rewarding community users. This token represents not just a financial asset but a cornerstone of the Akash Network’s functionality.

    Crypto ETFs triggering mixed reactions

    The surge in AKT comes as there seems to be a clash of opinions regarding the approval of spot Bitcoin ETFs. Better Markets CEO, Dennis M. Kelleher, recently urged the U.S. SEC to reject all ETF applications.

    Kelleher’s primary concern revolves around potential fraud and manipulation, emphasizing that the SEC is responsible for preventing massive investor harm.

    Kelleher’s stance comes amid a report by blockchain security firm Scam Sniffer, revealing that over 324,000 crypto users fell victim to fraud in 2023, resulting in a substantial loss of approximately $295 million.

    The reactions to Kelleher’s warnings have been mixed within the crypto community. Bloomberg ETF analyst James Seyffart contends that dismissing the spot Bitcoin ETF applications would be a “criminal move.” He highlights the time and effort invested by issuers and SEC staff, emphasizing the potential influence of Kelleher’s close relationship with SEC Chairman Gary Gensler on the decision-making process.

    Crypto analyst Matt Ahlborg counters Kelleher’s claims, asserting that crypto does serve a social purpose despite Better Markets’ position. Ahlborg also expresses concerns about potential challenges facing the Bitcoin ETF proposal following Better Markets’ intervention and underscores the organization’s ties with influential figures.


    Follow Us on Google News

    [ad_2]

    Ogwu Osaemezu Emmanuel

    Source link

  • Top Altcoins Poised To Make Waves This Week: Crypto Analyst

    Top Altcoins Poised To Make Waves This Week: Crypto Analyst

    [ad_1]

    Miles Deutscher, a crypto analyst, recently shared insights on altcoins that are catching his attention for the upcoming week. In a post on X, he starts by noting the market’s recent cool-off, suggesting this phase is creating new opportunities for savvy investors. Deutscher also emphasizes the importance of staying informed and ready to capitalize on these shifts.

    Top Altcoins To Watch This Week

    Injective (INJ)

    According to Deutscher, Injective (INJ) is experiencing a lull in hype, but this should not undermine its strong performance throughout the year. He believes that if the bullish momentum continues, INJ could reach its local highs in the $19’s. “Monitoring closely, as it runs hard when it runs,” Deutscher states, highlighting the potential for rapid gains.

    At press time, INJ was trading at $15.88 after being rejected at the 0.618 Fibonacci retracement level of $17.13.

    INJ price hovers between the 0.5 and 0.618 Fib, 1-week chart | Source: INJUSD on TradingView.com

    Pyth Network (PYTH)

    Deutscher points out that PYTH is in an interesting position with attributes favored by the market: it’s a new, shiny coin with a low float and perpetual contracts. However, competition from other Solana tokens, like Jupiter and JITO, may temporarily divert attention. For those already holding PYTH, Deutscher advises to hold but not to add more unless the price drops.

    SuperFarm (SUPER)

    SUPER is part of the trending gaming narrative and has been gaining attention from significant creators and influencers. Despite its volatile funding, Deutscher sees potential for a FOMO-driven price increase. “It could be one of those ‘it’s already up too much, I’m not buying’ plays,” he speculates, suggesting that late buyers might drive the price even higher.

    Cosmos (ATOM)

    The recent approval of the ATOM Halving proposal is a significant development for Cosmos. This change will halve the maximum inflation rate from 20% to 10%, potentially impacting ATOM’s price action (PA). Deutscher is watching this closely for signs of a developing trend.

    dYdX (DYDX)

    The unlocking of $524 million worth of DYDX on November 28th is a crucial event, especially since these tokens will be released on the DYDX chain, not supported by centralized exchanges (CEXs). Deutscher anticipates a complex interplay of market psychology around this event. “Watching to see if the head and shoulders pattern continues to play out,” he comments, suggesting possible price movements following the unlock.

    Solana (SOL) And BONK

    SOL’s struggle to break past $58 is noted by Deutscher, placing it in a “no trade zone” for now. However, a breakthrough could lead to significant gains. BONK, a Solana-based meme coin, is also on his radar due to its higher volatility and correlation with Solana’s movements.

    Solana price
    SOL price fell below the 0.382 Fib, 1-week chart | Source: SOLUSD on TradingView.com

    Vertex (VRTX)

    Finally, Deutscher highlights the significant volume increase on Vertex, surpassing DYDX and Uniswap. Despite suspicions of wash trading due to low open interest (OI) compared to volume, he sees potential in Vertex and perceives a resurgence in the popularity of perpetual decentralized exchanges (DEXs).

    Featured image from iStock, chart from TradingView.com

    [ad_2]

    Jake Simmons

    Source link

  • Cosmos Hub approves proposal to slash ATOM inflation

    Cosmos Hub approves proposal to slash ATOM inflation

    [ad_1]

    The Cosmos Hub community is giving the green light to a proposal aimed at reducing the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10% as a security enhancement measure.

    The objective of this proposal is to decrease the annual interest rate for stakers, with the intention of fostering long-term profitability and facilitating price growth in ATOM.

    The proposal, which garnered 41.1% support, narrowly passed with 38.5% of votes against it, marking the highest-ever turnout vote in the Cosmos ecosystem. The approved change is set to bring Atom’s annualized staking yield from approximately 19% to about 13.4%.

    According to the proposal, the Cosmos Hub experienced excessive spending on security due to ATOM’s high inflation rate. It contended that by reducing inflation to 10%, validators could still attain breakeven or profitable outcomes.

    The proposal received substantial support from Zero Knowledge Validator, while the largest vote against it came from validator AllNodes, In a post on X (formerly known as Twitter), concerns were raised that the proposed change might adversely affect small validators. Additionally, further reducing inflation could centralize the ecosystem without necessarily improving token value. Hasty, untested adjustments have the potential to compromise network integrity.

    The Cosmos Hub serves as the central blockchain in the Cosmos network, which comprises a network of interconnected blockchains. The ATOM token is utilized for staking, governance, and transaction fees within this ecosystem.

    With the approval of the ATOM halving proposal, the community anticipates higher profitability and potential appreciation of the token’s price in the long term. As of the current update, the price of ATOM stands at $9.54 on CoinGecko, reflecting a 5.0% increase for the day and a 5.70% rise for the week.

    The Cosmos (ATOM) evolution

    The Cosmos (ATOM) network has undergone significant developments shaping its trajectory in recent years.

    In Sept. 2022, a new white paper was released at the Cosmoverse conference in Colombia, proposing substantial expansions for the Cosmos Hub and reimagining the role of ATOM, its native token.

    The white paper outlines a revamped role for the Hub as the heart of interchain security, meaning other chains will be able to use the Hub to secure their own networks. The white paper also proposes changes to the utility and issuance schedule of ATOM, changes that the paper’s authors think will back up its informal role as an index of the broader Cosmos family of blockchains.

    Last Sept., Cosmos Hub introduced a liquid staking module. This module allows users to circumvent the previous 21-day unbonding period associated with unstaking ATOM funds. Prior to this upgrade, ATOM holders faced a 21-day lock-in period when moving their funds after unstaking the token.

    The introduction of the new module enables staked ATOM to be utilized in the Cosmos decentralized finance ecosystem without impacting yields from staking.

    Additionally, it permits users to cancel ongoing unbonding processes, enabling ATOM to revert to regular staking and participate in the liquidity staking module. This upgrade was implemented at 1:00 pm UTC on September 12, reaching block height 16985500 and named Gaia 12.

    At press time, the price of ATOM is hovering around $9.46, representing a 34% increase this month, according to CoinGecko. 


    Follow Us on Google News

    [ad_2]

    Ogwu Osaemezu Emmanuel

    Source link