The Future Of Cosmos

3 sie 2020

After hearing several people mention this crypto coin to me, I have decided to have a look at the technical analysis. I do not know much about the fundamentals that surround the company, and this coin, but here is the quick stats from coinmarketcap that I use to consider a possible good trade. This coin is ranked #26, and has a total supply of 237,928,231. There no mention to a max supply, but the circulating supply in the market at this time is 190,688,439. Now for a quick comparison I will use the current stats of Ethereum, which is ranked #2. It has a circulating supply of 112,022,862.00, but there are no stats for total or max supply of Ethereum. To Infinity & Beyond!!!

Technical Analysis: This coin is still new in comparison to many other top 100 coins in the market. Since being added to major exchanges it has made some volatile moves, and has created this triangle of resistance and support. Based off of this chart it looks like it has found some support in the short term. this chart is based off of the Bitcoin pairing of Cosmos, and just like all the other great coins, it all depends of how Bitcoin moves in the next two weeks or more. If the price can break out of this triangle, it will be on a moon mission!