Trader Inmortal named an undervalued token with over 60% upside potential
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A trader under the pseudonym Inmortal claims that the Cosmos token (ATOM) is undervalued at the moment. According to the analyst, the cryptocurrency rate pushed off the key support level around $ 28 and in the near future is able to rise in price to $ 48 (an increase of 66% from the current levels).
Cosmos traded at $ 29.9 on Nov 25. Over the month, altcoin has fallen in price by 15%, and its capitalization has dropped to $ 8.4 billion, according to CoinGecko. The cryptocurrency renewed its all-time high on September 20 above $ 44.
Cosmos (ATOM) is a decentralized network of independent parallel blockchains that operate on the basis of Byzantine fault tolerance (BFT) algorithms. These blockchains are able to interact with each other through the Cosmos network called the "Internet of blockchains".