Cosmos (ATOM) Gets Listed After Long Awaited Launch

Cosmos (ATOM) launched their network recently after a long wait and the project is finally getting listed on some major exchanges.

Cosmos is an exciting project with a lot of potential that aims to make blockchains more compatible. In fact it believes in itself so much that it calls itself “blockchain 3.0” (where BTC is 1.0 and ETH 2.0).

That said, ATOM specifically has a somewhat questionable price history that is notable enough to, in my opinion, be mentioned alongside its killer new tech.

ATOM was launched as an ICO in 2017 at about $0.10 cents (that is not the presale price, that is the ICO price), yet it has recently come to the retail market at $3.50 – $4.50 (that is, it has traded around this price range since getting listed on major exchanges).

To be clear, what I am saying is that it is in my opinion odd when compared to other alts in the same time period.

The reality is, 2018 was a nightmare for most alts (even really cool alts with working tech). Many alts saw their value go down 90%+, and even the few outliers like MKR and BNB (with really, really cool working tech) took a hit.

Meanwhile, ATOM got to sit out of the bear market and then essentially launch at a 5,000% increase it its ICO like 2018 never happened and instead there was some hidden bull market that applied only to ATOM’s own little micro-cosmos.

That price story might be a little hard to swallow for some, but to the credit of Cosmos it is hard to blame them for sitting out of the bear market when there is an actual team that needs funding and actual working tech behind that token. Plus, it should be noted that some early investors do have a lock up period, so they won’t all be dumping on retail out of the gate to realize their 5,000% profits. Lastly, it should be noted, that team Cosmos isn’t the only project implementing this tactic.

In my opinion, from the perspective of a retail investor (not a trader), the best move with a project like this (be we talking about Cosmos or the next popular project that will launch like this) is to put aside the FOMO and dig in and do research.

Doing research means reading the original white paper and reading up on the development of the project over the course of 2018.

With that said, here are some resources that will probably increase your FOMO despite the eye roll inducing mark up.

The official site (the white paper and explanations of all the cool Cosmos tech can be found here)

An introduction to Cosmos from Oct 2018 that explains how the coin wasn’t trading yet at the time: What is Cosmos Network (ATOM) | A Beginner’s Guide to the Internet of Blockchain.

Where can I trade ATOM? Binance is probably one of the best places to trade ATOM, but honestly it is trading on a few major exchanges including Kraken and Bittrex as well.

Bottomline: Cosmos is a super cool project. Full stop. Can’t deny that. But like, so are other projects that got rekt in 2018 due to being subject to the forces of the 2018 crypto market. What are the ethics of these projects that got in for the 2017 ICO FOMO and then sat out of the 2018 bear market only to launch at a large mark up to their ICO price here in 2019? I guess that is subjective, but still it is part of the story one has to tell if they want to tell the full story. So is it a deal breaker? Probably not. Is it something you should factor in during the initial FOMO period when thinking about long term investments, I would say “probably, unless you feel like being MimbleWimble’d.” Also, if we all say nothing and just accept this, does it set a precedent? I mean, also yes, and I think that last point is important.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

Leave a comment

We'll never share your email with anyone else.