Following a listing on Binance, Cosmos (ATOM) went through a sudden boost of volumes and the price spiked more than 14% overnight. In the past weeks, ATOM was added to some of the leading exchanges, but the Binance zero-fee listing boosted the project’s influence and trading activity.
ATOM traded at $4.42 as of 10:55 UTC on Wednesday, on volumes above $55 million’s equivalent. The asset may be on track to repeat previous prices, as the recent active trading is creating conditions for a new period of price discovery or a longer rally.
The newly arrived project held its ICO back in 2017, with a price per token of $0.10, making it one of the more lucrative token sales. However, questions were raised whether the recent rally wa...