coinedition.com
Cosmos (ATOM) is one of the few top 50 cryptocurrencies in the red for today. According to the crypto market tracking website CoinMarketCap, ATOM is currently trading hands at $10.21 after a 0.21% drop in price over the last 24 hours. The crypto was also able to reach a low of $10.18 and a high of $10.39 over the same time period.
When looking at the coin’s performance over the last seven days, we see that it is still in the green by about 0.86%. ATOM did, however, weaken against the two biggest cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH), by about 0.50% and 1.06% respectively over the last day.
Also in the red is ATOM’s 24 hour trading volume which currently stands at $98,025,229 after a more than 2% drop.
With its market cap of $2,922,822,867, ATOM is currently the 22nd biggest cryptocurrency in the market in terms of market cap. This places the crypto right behind Wrapped Bitcoin (WBTC) in the 21st spot and in front of Ethereum Classic (ETC) in the 23rd.
The CEO of Eight Global and a well known crypto trader, Michael van de Poppe, recently shared in a Tweet that he believes ATOM is “a bit in the middle”. He added that believes that ATOM could flip its support into a resistance to claim $9.40, but then stated that he does not think much further downward movement will happen after that.
He predicts that ATOM will probably then hold around $10 before looking at $12.25.