Cosmos price rebounds 45% in one week despite Terra's debacle — what's next for ATOM?
Cointelegraph
Published May 20, 2022 08:44AM ET
Updated May 20, 2022 10:20AM ET
Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.
ATOM's price increased by over 10% intraday to almost $12. The gains appeared as a part of a broader upside retracement that started on May 12 when it had fallen to its eleven-month low near $8. That marked around a 45% price recovery in almost a week.
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Written By: Cointelegraph
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