Bridged USDC

Kujira

Moonshot

when

Cosmos

<h4>The Cosmos Ecosystem. It’s grown so much. Zones now. Almost all of these are their own independent layer 1 chains connected through Cosmos IBC. But Cosmos projects have not had a good 2024 so far.</h4> 
Many are down and some are down big. But we know quality when we see it. So it means this ecosystem is a great place to go bargain hunting. Today, 3 of our favorite altcoins from within Cosmos. 
<h5>1) KUJI</h5> 
First up today, we have <a href="https://kujira.network/" target="_blank" rel="noopener">Kujira</a>. You know we like this one and have for a while. It’s been in our Master Portfolio for over a year. The narrative behind Kujira is real yield. Its <a href="https://www.coingecko.com/en/coins/usk" target="_blank" rel="noopener">USK stablecoin</a> is growing slowly but well at nearly $7 million market cap. 60% of the total supply of $KUJI is staked. Users believe in the project. Add to that $KUJI is non-inflationary plus: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Fin is the first fully decentralized and 100% on-chain DEX while</li> 
 <li style="font-weight: 400;" aria-level="1">Orca lets you buy liquidated assets from loans at a discount.</li> 
</ul> 
<img decoding="async" class="wp-image-141512 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vvfdhf-262x300.jpg" alt="" width="499" height="571" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vvfdhf-262x300.jpg 262w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vvfdhf-367x420.jpg 367w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vvfdhf.jpg 392w" sizes="(max-width: 499px) 100vw, 499px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/TeamKujira/status/1790408628794437758" target="_blank" rel="noopener">X</a></h6> 
Because the Kujira mission is that “everyone deserves to be a whale”. So it’s not just VCs and big investors who get access to discounted assets. We have a few Orca fans and users here at Altcoin Buzz. 
<h5>KUJI Token</h5> 
The <a href="https://www.coingecko.com/en/coins/kujira" target="_blank" rel="noopener">$KUJI token</a> has had a nice last 12 months doing a 2x or 100% return. Lately, though, $KUJI holders are seeing lots of red candles. Over the last 30 days, it’s down 26%. From its recent high in mid-December at $5.29, it’s down a whopping 80% to $1.55 right now. 
That’s the biggest decline of the 3 projects in this article. No fundamentals are different. And other than some complaints on Crypto Twitter as to why the team is not pursuing Tier 1 exchange listings, there is no dissatisfaction with project performance either. The one thing in the market that has changed and affected Kujira is that real yield is not a hot narrative at the moment. Right now, we know that: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Bitcoin, L2s, and Ordinals.</li> 
 <li style="font-weight: 400;" aria-level="1">Solana and its memecoins.</li> 
 <li style="font-weight: 400;" aria-level="1">AI.</li> 
 <li style="font-weight: 400;" aria-level="1">RWA.</li> 
 <li style="font-weight: 400;" aria-level="1">DePIN.</li> 
</ul> 
<img decoding="async" class="wp-image-141514 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vdfhgfewde-239x300.jpg" alt="" width="435" height="546" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vdfhgfewde-239x300.jpg 239w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vdfhgfewde-335x420.jpg 335w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vdfhgfewde.jpg 390w" sizes="(max-width: 435px) 100vw, 435px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/TeamKujira/status/1787920700004581418" target="_blank" rel="noopener">X</a></h6> 
It is where all the hot stories are. And rotation will come. For example, Gaming, DeFi, maybe appchains, and real yield will come back into favor. That said, Kujira is a great project and at an 80% discount from 5 months ago. It’s worth a look. 
<h5>2) INJ</h5> 
Next, we have Injective. <a href="https://injective.com/" target="_blank" rel="noopener">Injective</a> were the hot thing for a while during the bear market. The hot narrative where it was, and still is, a leader is in appchains. What we like about appchains is that all the tradeoffs made in the blockchain trilemma are planned. 
Injective’s specialty is as a financial appchain. So that means that security, speed, and scalability are important. All 3 are reasons why they built on <a href="https://www.altcoinbuzz.io/?s=cosmos" target="_blank" rel="noopener">Cosmos</a>. And while they want to try to maintain decentralization too, financial apps need other things more. Think about if you started a trading app or a lending app. 
<img decoding="async" class="wp-image-141517 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfddxvsewde-222x300.jpg" alt="" width="415" height="561" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfddxvsewde-222x300.jpg 222w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfddxvsewde-311x420.jpg 311w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfddxvsewde.jpg 397w" sizes="(max-width: 415px) 100vw, 415px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/injective/status/1795065642493604039" target="_blank" rel="noopener">X</a></h6> 
You’d also say the security of customer financial info and the scalability to do enough transactions so you can make money are the most important. Both are more important than decentralization, honestly. That’s despite decentralization being important to us. 
<h5>INJ Token</h5> 
Injective has had a nice last 12 months up 250%. That’s better than most including Bitcoin. But the last few months haven’t been so kind to <a href="https://www.coingecko.com/en/coins/injective" target="_blank" rel="noopener">$INJ</a> holders. In the last 30 days, it’s down 7%. And that’s not much compared to most alts in the last month. 
<img decoding="async" class="wp-image-141518 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/zxcxzcvds-266x300.jpg" alt="" width="432" height="487" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/zxcxzcvds-266x300.jpg 266w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/zxcxzcvds-373x420.jpg 373w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/zxcxzcvds.jpg 394w" sizes="(max-width: 432px) 100vw, 432px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/injective/status/1794018218576691360" target="_blank" rel="noopener">X</a></h6> 
But its recent high in mid-March was just under $52. And today, in just 2 months, it is down 50% from that level. We see no difference in fundamentals or terrible news or something to cause this big decline. So, like always, DYOR, but we think this is a good entry price for a solid project. 
<h5>3) OSMO</h5> 
Last, for today, we have <a href="https://osmosis.zone/" target="_blank" rel="noopener">Osmosis</a>. Osmosis is the top AMM and DEX in Cosmos. Some argue that because the Cosmos IBC works so well to move between chains, DEXes are less necessary. 
And yes, if I wanted to move between Kujira Chain and Osmosis, I would use IBC. But if I wanted to swap ATOM for Akash for example, it’s often faster and cheaper to use Osmosis than IBC. Plus both native USDC and Axelar Bridged USDC are both available on Osmosis for those that need to work in and out of stablecoins. 
<img decoding="async" class="wp-image-141521 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/cvvcxbnj-276x300.jpg" alt="" width="463" height="503" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/cvvcxbnj-276x300.jpg 276w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/cvvcxbnj-387x420.jpg 387w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/cvvcxbnj.jpg 394w" sizes="(max-width: 463px) 100vw, 463px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/osmosiszone/status/1790024711566680102" target="_blank" rel="noopener">X</a></h6> 
This is a huge difference-maker for many. 
<h5>OSMO Token</h5> 
So how has the token done recently? Overall, Osmosis <a href="https://www.coingecko.com/en/coins/osmosis" target="_blank" rel="noopener">$OSMO token</a> is holding up better than many coins in the market. In the last 12 months, it’s up a respectable 37%. But after hitting a recent high of $1.96 in early January, it’s been mostly downward. 
Like most alts recently. It’s down a full 75% from that January high. And yet, we see no major difference in fundamentals or performance. 
<img decoding="async" class="wp-image-141522 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcxgjki-220x300.jpg" alt="" width="437" height="596" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcxgjki-220x300.jpg 220w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcxgjki-308x420.jpg 308w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcxgjki.jpg 392w" sizes="(max-width: 437px) 100vw, 437px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/osmosiszone/status/1790790768539615415" target="_blank" rel="noopener">X</a></h6> 
So if you have the patience to hold longer term, $OSMO is a great buy right now. You’d 2.5X just to get back to the January high. 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a> 
<div class="youtube-embed" data-video_id="SGuYF_kRp2M">
 <iframe title="3 Moonshot Potential Altcoins on Cosmos ATOM 🚀" width="696" height="392" src="https://www.youtube.com/embed/SGuYF_kRp2M?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/3-moonshot-potential-altcoins-on-cosmos-atom/">3 Moonshot Potential Altcoins on Cosmos (ATOM)</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

3 Moonshot Potential Altcoins on Cosmos (ATOM)

Altcoin Buzz

Други статии, публикувани на 27.05.2024 г.

BTC Price Rockets to $70,000 Milestone, Then Plummets in Rollercoaster Ride!

Bad news for Bitcoin purists: Saylor supports Ethereum ETFs!

FLOKI Price Jumps 23% As Social Sentiment Soar, Will FLOKI Retest ATH?

Emerging DeFi Tokens That Will Quadruple Your Portfolio This Bull Run

Biden’s Crypto Policy Shift: Good News For Ripple? Promoting XRP ETF

Markets Barely Move Despite a Series of Bullish Events; Where Are They Heading Too?

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!