I first heard about Cosmos in 2021 when it was considered a crypto-hub for the entire market, thanks to its ability to support interactions between different chains in the cross-chain trend. Unfortunately, this is no longer mentioned, and L0 is no longer a concern for people.
Currently, Cosmos is going through a difficult period as the airdrop has ended and the ATOM price has fallen well below 5 USD and has not been able to recover. ATOM investors are losing patience and are ready to sell this token to seek opportunities with BTC, AI & RWA tokens. I am worried about Cosmos and ATOM fate in this uptrend.
Yeah, I'm also surprised by the ATOM price drop while many other tokens are just retesting the dip. Some KOLs are even hesitant to comment on ATOM price fluctuations in this cycle. They don't understand why ATOM price is dropping, and they can't predict ATOM recovery and growth.
ATOM used to be one of the most popular tokens in the cross-chain or Layer-0 trend in the 2021 cycle. Unfortunately, before this trend could really take off, the bear market arrived and devastated the market, causing ATOM, DOT, and ROSE to pause their upward momentum. We don't hear about Layer-0 in crypto media anymore, which could be why these tokens are less attractive and unable to increase in price.