ATOM looks like its building out the right side of its base just underneath the ATH. This has been one of the 2021 laggard L1s that I think will play catchup do very well this year. Would like to see a bit more consolidation on declining volume as selling pressure dries up and gets absorbed.
Currently, $9bn market cap w/100% supply circulating
Market cap of some comps:
SOL - $47bn, 5x higher
LUNA - $30bn, 3x higher
DOT - $25bn, 2.5x higher
AVAX - $22bn, 2.25x higher
Currently, $9bn market cap w/100% supply circulating
Market cap of some comps:
SOL - $47bn, 5x higher
LUNA - $30bn, 3x higher
DOT - $25bn, 2.5x higher
AVAX - $22bn, 2.25x higher
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.