Crypto analysis: Cosmos, Fantom, MATIC and Dent

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We are still in the midst of a bear market and looking towards the end of the year: let’s take a look at crypto assets Cosmos, Fantom, MATIC and DENT.

Cryptographic analysis of Cosmos, Fantom, MATIC and DENT Cosmos (ATOM)

ATOM, the native Cosmos token reached 8.73 euros with +0.6% and an encouraging +3.1% last week after a year that saw it lose much of its value.

The Coin Bureau host said he was very bullish on ATOM, the digital currency of Cosmos.

In Daily Hodl’s “Altcoin Daily” report, Coin Bureau spoke about the proof-of-stake (PoS)-based Cosmos and its ATOM token in very optimistic terms:

I would be very quick to jump on it [ATOM]. I think it’s an amazing project. I love Cosmos. I love this idea of ​​interoperability. There’s some really cool technology there. There is a great team behind it and also, I have to say, a great community behind Cosmos. There are amazing feedbacks on ATOM staking right now.

Mike McGlone and Jamie Douglas Coutts, two respected analysts, in Bloomberg’s Crypto Outlook report two months ago compared the staking returns of various PoS L1 blockchains with those of Ethereum.

It is clear from the two analysts’ report that Polkadot and Cosmos might be able to outperform Ethereum itself.

Due to Ethereum’s dominant market share in fee income and sound monetary (issuance) policy, capital deployment in the cryptocurrency economy should begin to weigh risk against at the real rate (yield) / adjusted by Ethereum.

In Bloomberg’s list of Tier 1 crypto assets, only two networks have actual returns trading with a positive spread to Ethereum’s benchmark rate of 5.03%. Polkadot is trading at a premium of 0.77% while Cosmos has a premium of 0.10%. Assets that trade with negative spreads can fall victim to mispricing.

The inflation/issuance of these assets may need to be drastically reduced, like Ethereum, in order to attract more capital The emergence of cryptocurrencies as an asset class alongside a yield component presents a new set of considerations for investors when evaluating the risk/reward opportunities in this space.

Given the volatility and novelty of demand for the use of smart contracts, staking activities could be considered equivalent to junk bonds. Proof of Stake returns are similar to corporate bonds in that they are tied to corporate network/cash register fees/flows. »

During Coin Bureau’s video update a week ago, “Q&A: ETH, BTC market and crypto predictions in 2023!” the expert gave detailed statements on the Shanghai update and the outlook for Ethereum in 2023.

When they see that ETH can actually be unstaked and easily sold, it might inspire them to stake themselves. So I really think it could go either way.

Now I wouldn’t be at all surprised if it’s slightly bearish in the short term if we see some selling, but I think the future for ETH is so bright, and I think Shanghai – assuming that happens goes without a hitch like the merger does, so I think 2023 could be a really big year for Ethereum and for ETH

Price prediction, I don’t know, I don’t think we’ll see five-figure ETH in 2023, but I think it’s entirely possible. We could, of course, see a reversal, but I’m not sure. I expect a lot of sideways price action for ETH over the next year.

Ghost (FTM)

The Fantom open-source smart contract platform is truly fast and highly cost-effective for all digital assets and dApps for which Fantom provides security and reliability.

Fantom’s ABFT consensus protocol is a reliable and secure validation protocol that enables very fast transactions at negligible cost.

Currently, the market price of FTM is $0.199, down 0.93%, while the market cap is $355,472,682.

Yearn.finance and Keep3rV1 creator Andre Cronje talked about the platform’s goals for the coming year which are just around the corner.

The DeFi architect recently joined the board of Fantom Foundation Ltd but also Fantom Operations Ltd.

Over the next 12 months, our goal will be to create an environment where DApp developers can build sustainable businesses while differentiating ourselves from other Layer-1 solutions.

For Fantom, the coming year will be crucial for “gas monetization,” or distributing dApp revenue to encourage development.

Fantom’s dApps will be able to be used independently of owning a wallet to pay fees through the “gas subsidy” system.

“Users won’t need to own a wallet or even know what FTM is to interact with apps on the network.”

Polygon (MATIC)

MATIC is Polygon’s token, and it has steadily declined this week to $0.77 today.

The price is down 73.76% from the token’s highs reaching USD 2.92 while the circulating supply is 8,734,317,475.285 MATIC.

Polygon (MATIC) is a Layer 2 solution that gives the ability to build and deploy dApps quickly, cheaply, and securely.

However, some experts believe that Polygon will soon be deprecated the day Ethereum performs its next fork and starts upgrading further.

Polygon integrates many projects based on the Ethereum network and streamlines it in its operations, it basically aims to make transactions even faster and cheaper with the capacity to process 65,000 transactions per second.

MATIC being an ERC-20 type token is very compatible with all these Ethereum-based cryptocurrencies.

Bump (TOOTH)

According to Investors Observer, Dent (DENT) is a horse to bet on in the near future.

The crypto is up 39.12%, touching $0.0008272671015 against a market decline of 0.63%, but if the rally stalls, the currency could become highly volatile.

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