I've started to pick up Osmosis and Atom. Only had $200 left over from everything so jammed it half in Atom and half in Osmosis.
They seem well under valued currently and Atom has a 50% discount. Pairing the network to UST has caused it to collapse.
Someone should create a pegged stable coin for the Cosmos. Preferably backed by gold.
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Do you see these coins as promising? The Atom is trading just above $9.5 but peaked at no more than $12.5, do they have a chance to skyrocket? Are there any fears that the LUNA coin is waiting for them?
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The LUNA situation can't happen to ATOM. It is a fairly safe, conservative option really. If I had spare money, I'd be accumulating ATOM at these prices. No stablecoin for ATOM, so no risk there.
Terra issues are not cause for alarm for the rest of the Cosmos eco-system. It has been hit by UST collapse, mainly as it was a popular as a liquidity pool pair in the various Dex's. Overall, LUNA systematic failure is not replicated with ATOM and other Cosmos assets.
Not financial advice.
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I will have to take the time to go into the details of this coin. Thank you!
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Cosmos used UST as it's stable coin. I think once it imports a proper one it will peak again. It had been $US30 in the past and I think that is a fair price point. I could be wrong though.
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Maybe I have a stereotype lol. regarding the price of coins exceeding 1 Hive in value, lol, I will try to overcome it)
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I think you are right, both OSMO and ATOM are cheap currently. OSMO inflation drops by 1/3 in the near future (can't remember exactly when). Hopefully, lower emissions will help stabilize the price.
ATOM really needs a decent value capture, beyond shitcoin airdrops. Interchain security will hopefully be the missing component to give extra incentive to hold ATOM long term.
$CMST is coming, a USD pegged stablecoin that will work like DAI. Overcollateralized. There is also another one coming called IST, but I have not looked into it.
Comdex is also bringing out cGOLD, which will be a synthetic Gold token. Not backed by physical gold, but overcollateralized with Cosmos assets, and priced using Oracles.
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