Cosmos

<ul><li>The first consumer chain, Neutron, has joined the ATOM economic zone.</li><li>After the Neutron launch, Cosmos price climbed by about 7%.</li></ul>Cosmos (ATOM) is managing to escape the prolonged sell-offs it has experienced over the past week due to a 5% boost in its price in the last 24 hours to $11.10. According to CoinMarketCap data, ATOM rose about 7% from $10.30 to $11.10 just after the update.The news that the protocol’s first Consumer Chain, called “Neutron,” went live on May 10 at 3 PM UTC. That sparked the current rally for <a href="https://thenewscrypto.com/cosmos-price-prediction" rel="noopener noreferrer nofollow">Cosmos</a>. The decision to launch Neutron took place in the Atom Economic Zone, as the protocol stated, and it is based on the acceptance of “proposal #792.”<h3 id="neutron-integration-is-the-reason-for-atom-surge">Neutron Integration is the Reason for ATOM Surge?</h3>The Cosmos Hub, the interchain service provider for Cosmos, has given the green light for Neutron. The blockchain network was meant to incorporate smart contracts into the Cosmos network using CosmWasm (Cosmos WebAssembly) by launching on Replicated Security (RS).Further, the Cosmos platform is used to secure Neutron and is advertised as a permissionless CosmWasm platform. Further, Neutron, a smart contract enabler, will automatically push decentralized applications running on it to function across various public networks.This month, <a href="https://thenewscrypto.com/crypto-news-bulls-or-bears-whats-the-fate-of-crypto-market-this-week/" rel="noopener noreferrer nofollow">crypto market volatility</a> has been the highest so far, with an overall global market capitalization of $1.14 trillion and a decline of 1%. Despite the Bitcoin network being overloaded due to the weekend’s chaos, the market started the week on a positive note.At the time of writing, Cosmos (ATOM) traded at $10.82, which soared about 5.42% in a day. Also, <a href="https://thenewscrypto.com/top-10-cryptocurrencies-by-devs-activity-on-github/" rel="noopener noreferrer nofollow">ATOM</a> has a 24-hour trading volume of $166 million, a surge of 63.35%. And it has a market cap of $3.09 billion.

Cosmos (ATOM) Price Soars 6% After a New Protocol Integration

Table of Contents

TheNewsCrypto

Other articles published on May 11, 2023

Hashflow price analysis: HFT breaks below $0.458 as bearish stress overwhelms the market.

NY Authorizes Stablecoins as a Form of Bail: Assembly Bill 7024

Cryptopia CommunityCast: Fedeemar

Save Water: Every Drop Counts

New York to Embrace Stablecoins as Payment Method for Bail Bonds

Web3 Bounties: Rewarding Developers with Tokens

Join our free newsletter for daily crypto updates!