{"id":391059,"date":"2022-01-08T00:05:00","date_gmt":"2022-01-07T21:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\/"},"modified":"2022-01-08T00:05:00","modified_gmt":"2022-01-07T21:05:00","slug":"cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\/","title":{"rendered":"# Cosmos ecosystem tokens rally after Evmos promises Ethereum interoperability"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a259939693a2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a259939693a2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\/#IRISnet_expands_its_NFT_capabilities\" >IRISnet expands its NFT capabilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\/#Pulp_Fiction_NFTs_are_coming_to_the_Secret_Network\" >Pulp Fiction NFTs are coming to the Secret Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\/#Akash_Network_partners_with_CloudStack\" >Akash Network partners with CloudStack<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\/#Bulls_like_the_idea_of_interoperability_between_Cosmos_and_Ethereum\" >Bulls like the idea of interoperability between Cosmos and Ethereum<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Cosmos ecosystem tokens rally after Evmos promises Ethereum interoperability  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The wider cryptocurrency market is facing another day of volatility and selling on Jan. 7 as Bitcoin (BTC) bears managed to break bull support at $42,000. The price of Bitcoin was pushed to a daily low of $40,620 before resources were exhausted.\u00a0<\/p>\n<p>Data from Cointelegraph Markets Pro shows that 4 of the top 7 gainers of the day are part of the growing Cosmos Hub. This ecosystem currently uses the Interblockchain Communication protocol (IBC) to facilitate interoperability and communication between connected networks.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/9759406d-05ea-49f9-a756-b3462ddba0c8.png\"><figcaption style=\"text-align: center;\"><em>Top 7 coins with the highest 24-hour price change. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at what\u2019s behind the strength seen in IRISnet (IRIS), Secret (SCRT), Akash Network (AKT) and Cosmos (ATOM). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"IRISnet_expands_its_NFT_capabilities\"><\/span>IRISnet expands its NFT capabilities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The top gainer over the past 24-hours has been IRISnet, an interchain service hub for decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications that enables cross-chain interoperability and provides businesses with modules to support running a distributed system. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after hitting a low of $0.079 in the early trading hours on Jan. 7, the price of IRIS blasted 84% higher to hit a daily high at $0.144 as its 24-hour trading volume surged 2,320% to $112.6 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/10d3d4d8-840c-4208-a9f5-9fefdf927d94.png\"><figcaption style=\"text-align: center;\"><em>IRIS\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The sudden surge in price and volume for IRIS comes as the protocol&#8217;s nonfungible token community continues to expand thanks to the upcoming launch of the Uptick Network NFT ecosystem. These efforts have helped to attract new users to the IRISnet ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pulp_Fiction_NFTs_are_coming_to_the_Secret_Network\"><\/span>Pulp Fiction NFTs are coming to the Secret Network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Secret Network is a blockchain protocol with built-in data privacy for smart contracts that enables programmable privacy for data transfer, decentralized finance (DeFi) and NFTs. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for SCRT on Jan. 3, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points that includes market sentiment, trading volume, recent price movements and activity on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/a33b3861-c241-43d1-83e2-766ea7223788.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. SCRT price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for SCRT began to pick up on Jan.3, around 55 hours before the price increased 25% over the next day.<\/p>\n<p>The boost to SCRT price comes after it was revealed that movie director Quentin Tarantino will be releasing NFTs from the popular move <em>Pulp Fiction<\/em> on the Secret Network. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Akash_Network_partners_with_CloudStack\"><\/span>Akash Network partners with CloudStack<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Akash Network bills itself as the world\u2019s first decentralized cloud computing marketplace for DeFi. Known as DeCloud, the service enables any application to launch quickly without the need to set up, configure or manage servers. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after a quick drawdown to a low of $2.33 on Jan. 5, the price of AKT rebounded 25% to a daily high at $2.93 on Jan. 7 as its 24-hour trading volume increased by 88%. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/6869ab0e-addc-4158-91d0-f2901e56be73.png\"><figcaption style=\"text-align: center;\"><em>AKT\/USD 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The building momentum for AKT comes following the announced partnership between the Akash Network and CloudStack, a decentralized cloud aggregator that offers a portal to access any decentralized storage network, including Filecoin, Arweave and Storj. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>3 reasons why Cosmos (ATOM) price is near a new all-time high<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bulls_like_the_idea_of_interoperability_between_Cosmos_and_Ethereum\"><\/span>Bulls like the idea of interoperability between Cosmos and Ethereum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cosmos is the foundational blockchain protocol for the entire Cosmos Hub, billing itself as the \u201cinternet of blockchains.&#8221; ATOM holders stake the platform&#8217;s native ATOM token to secure the entire ecosystem. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for SCRT on Dec. 29, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/dcc12645-97b3-4191-a7fb-011b8e5b3f5d.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. ATOM price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for ATOM climbed into the green zone on Dec. 29 and hit a high of 80 just as its price began to increase by 79% over the next nine days. <\/p>\n<p>The overall cryptocurrency market cap now stands at $1.987 trillion and Bitcoin\u2019s dominance rate is 39.9%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cosmos-ecosystem-tokens-rally-after-evmos-promises-ethereum-interoperability\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cosmos ecosystem tokens rally after Evmos promises Ethereum interoperability &#8221; The wider cryptocurrency market is facing another day of volatility and selling on Jan. 7 as Bitcoin (BTC) bears managed to break bull support at $42,000. The price of Bitcoin was pushed to a daily low of $40,620 before resources were exhausted.\u00a0 Data from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":391060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMTZiMjRiOTQtZDQyMC00MzhhLWJiNTAtOTc2MzY2ODU4N2IxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74867,74921,74863,74868,74891,75150,105688,95118,74355,78306,20093,73785],"class_list":["post-391059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-altcoin","tag-cloud-services","tag-cryptocurrencies","tag-defi","tag-ethereum","tag-market-update","tag-markets-pro","tag-nft","tag-adoption","tag-cloud-storage","tag-cosmos","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/391059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=391059"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/391059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/391060"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=391059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=391059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=391059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}