Cosmos releases 2024 roadmap; ATOM reacts

  • The important thing deliverables for increasing IBC included decoupling ibc-go from the Cosmos SDK. 
  • ATOM was up by greater than 14% over the past week, and metrics seemed bullish. 

Web of Blockchains Communications (IBC), higher referred to as Cosmos [ATOM], just lately revealed its roadmap for the upcoming yr. The submit talked about all of the notable plans and tasks within the pipeline that the blockchain will execute in 2024. 

How a lot are 1,10,100 ATOMs price as we speak?

Whereas Cosmos revealed its roadmap, its native token’s worth motion turned bullish as effectively.

Cosmos’ 2024 roadmap in a nutshell    

Cosmos posted a tweet on 18 September, highlighting all the key plans for the blockchain’s future in 2024. Notably, the tweet talked about that IBC has facilitated 52 million transfers of $29 billion in worth throughout greater than 100 chains within the final 12 months.

Over the subsequent yr, the important thing deliverables for increasing IBC embody decoupling ibc-go from the Cosmos SDK, scoping generic ibc-go, OP Stack integration, and integrating ibc-rs with the Sovereign SDK for ZK rollup compatibility.

As per the tweet, all of those align with the goals to broaden IBC’s attain and generalisability.

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Mentioning usability, the IBC groups plan to work on enabling multi-packet atomicity and enhancing middleware by bettering the switch of arbitrary information alongside a token switch.

The official roadmap highlighted that the blockchain will give attention to 4 key areas: modularity, developer expertise, paying down technical debt, person adoption, and go-to-market technique.

ATOM turns bullish

Whereas IBC launched its roadmap, Cosmos’s native token ATOM managed to color its chart bullish. In reality, the token registered double-digit progress over the past week. In keeping with CoinMarketCap, ATOM was up by greater than 14% final week.

On the time of writing, it was buying and selling at $7.40 with a market capitalization of over $2.7 billion. Its 24-hour buying and selling quantity additionally surged by greater than 35%, which acted as a basis for the worth uptrend.

A take a look at LunarCrush’s information revealed what was working in ATOM’s favor whereas its worth surged. As an illustration, the token’s Altrank improved drastically.

ATOM’s efficiency on the social entrance additionally remained commendable, as its social engagement soared by 375% within the final seven days.

Supply: LunarCrush

Learn Cosmos’ [ATOM] Worth Prediction 2023-24

On high of that, bullish sentiment round ATOM elevated by 6%, whereas bearish sentiment dropped by 22%, reflecting the crypto neighborhood’s confidence within the token. Cosmos’ derivatives market additionally seemed bullish.

Whereas the token’s worth elevated, its Open Curiosity additionally went up barely, which elevated the probabilities of the present pattern persevering with.

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