• Cryptocurrencies are pumping, but ATOM is lagging.

• ATOM remains strong on its foundations, and its stake rewards are higher than average.

• ATOM trades in a symmetrical triangular pattern, which signals a possible breakout.

The crypto market has been pumping over the past week, and is now close at testing the $2 trillion market cap. In an environment where some altcoins are up by over 50%, Cosmos ATOM/USD hasn’t moved one bit. In the past 7 days, it has lost some of its value. It is natural to wonder if ATOM is worth HODLING.

Cosmos is one of the most misunderstood cryptocurrency today. Its tokenomics is a major reason for this. Cosmos, unlike Bitcoin, is an inflationary cryptocurrency. Many investors are hesitant about investing in this cryptocurrency.

But, it is important to remember that staking is the main thing when you hold Cosmos. Cosmos has some of the best staking rewards among the major cryptocurrency. For instance, at the moment, some exchanges are offering an APY of up to 30% for anyone staking ATOM for 120-days. This is a great way to offset price fluctuations. Investors will appreciate a cryptocurrency like ATOM that has such a high rate of APY in times like these, when the crypto market may not be fully clear.

Cosmos is one of the most fundamentally strong cryptocurrencies. Its IBC technology, which allows different blockchains to communicate with one another, has allowed its ecosystem to grow exponentially. This makes it one of the fastest growing crypto ecosystems.

ATOM trading in a symmetrical triangle trading pattern

Source: TradingView

ATOM currently trades in a symmetrical triangular pattern. This means that it can move in any direction but there is a good chance that it will break out to the upside as the wider market turns bullish. In such a scenario, ATOM could easily test prices above $40 in the short term.

Summary

ATOM trades sideways, while the wider market is experiencing upside momentum. ATOM, which has high stake rewards and is one of the most advanced crypto technologies, is still a good investment at current prices.