Analyst Says One Altcoin Venture Will Explode This 12 months, Mirror Rise of Ethereum Rivals Solana (SOL) and Avalanche (AVAX)

A intently adopted crypto dealer is eyeing an interoperability ecosystem to doubtlessly have a breakout yr.

In a tweet laying out his basic 2022 predictions, the pseudonymous analyst referred to as Altcoin Psycho highlights Cosmos (ATOM) as his decide to soar like layer-1 good contract platforms Avalanche (AVAX) and Solana (SOL) did final yr.

My crypto predictions for 2022:

-Choices quantity will minimal 3x

-Cosmos ecosystem may have its Solana / AVAX second

-Spot backed ETF is permitted

-Fund elevating will turn out to be extra democratized, much less favorable for VCs

-Market goes full ADHD, increase & bust cycles turn out to be shorter

— Altcoin Psycho (@AltcoinPsycho) December 31, 2021

The analyst subsequent discusses Osmosis (OSMO), the decentralized alternate (DEX) that was constructed for Cosmos. He follows up on a June 2021 tweet the place he referred to Osmosis as a “catalyst for Cosmos ecosystem” to tell his 390,500 followers,

“Osmosis new [all-time high] in the present day, and now #76-highest market cap.

Marvel what occurs subsequent.”

OSMO hit a brand new excessive in the present day of $8.60. The altcoin launched final summer time above $4.50, skilled a selloff to as little as $1.24 in July earlier than working to a September excessive of $7.38. Osmosis has since skilled uneven value motion earlier than breaking out from the $4 degree beginning in mid-December.

Altcoin Psycho concludes his dialogue with a phrase of advice to each skeptics and supporters of Cosmos, citing the entry to airdrops that token holders may have.

“No matter your ideas on ATOM, the publicity you’ll should airdrops by holding it this yr is fairly wild.”

Cosmos simply hit a complete worth locked (TVL) milestone, ranking second behind Osmosis with over $277 million in liquidity.

At time of writing, ATOM is down 5.72% on the day to $40.01. The Twentieth-ranked crypto asset started its personal rally in mid-December, climbing from the $20 vary to over $42 to begin the brand new yr. The altcoin reached an ATH of $44.42 again in September.

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