NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

25% Cosmos (ATOM) Rally Could Send This Popular Altcoin Flying

Nick Chong
Nick Chong
4 years ago
2 mins read
bitcoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cosmos (ATOM) has been on a remarkable rally over the past few days in spite of the price of Bitcoin stalling and actually undergoing a bearish reversal. The popular altcoin has gained 25% in the past 24 hours alone, setting a new all-time high price.

Analysts say the rally in the price of this altcoin could trigger a surge in the price of another popular altcoin, Algorand (ALGO).

Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC

Cosmos Gain Could Send Algorand Higher: Here’s Why

Analysts believe that Cosmos’ ongoing rally could set off a rally in Algorand, another cryptocurrency. One trader shared the chart below on August 23rd, drawing attention to the similarities on the charts. The analysis suggests that ALGO is primed to surge to a new high, likely above $1.00 if it is to follow the path Cosmos took.

Both charts have similar technical formations, including similarly-positioned moving averages and an eerily similar internal trend line.

Image

Chart of Cosmos' and Alogrand's price action over the past few months with a fractal analysis by crypto trader Coiner Yaodx. Chart from TradingView.com

The similarities between the two cryptocurrencies were echoed by another trader, who said that he’s “going to see if ALGO follows ATOM a bit.”

Related Reading: Crypto Tidbits: Dave Portnoy Drops Bitcoin, Tether Supports Ethereum’s OMG Network, DeFi Still Hot

Altcoins May Take the Backseat

Altcoins like Cosmos may soon take the backseat, though, especially with Bitcoin reaching a pivotal point in its trend.

Volatility is expected with the price of BTC as the Bollinger Bands tighten. The bands are a technical indicator used to denote market volatility and important technical levels.

Analysts say that when Bitcoin is undergoing volatility, altcoins are supposed to take the backseat due to investor psychology.

Mohit Sorout, a founding partner of Bitazu Capital, remarked to NewsBTC;

“Most (altcoin) cycles in crypto are centered around bitcoin volatility. When it dries up, no one wants to trade btc which becomes evident from the volume as well. This leads to a large uptick in speculation on alts, driving their prices up – typically alts with strong narratives & large scale memetic behavior get the most volumes.”

As Nik Patel, a popular crypto trader and the author of “Altcoin Trader’s Handbook,” echoed this analysis. He said that Bitcoin may outperform altcoins until the asset moves to a new all-time high above $20,000.

Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop
Featured Image from Shutterstock
Price tags: atomusd, atombtc
Charts from TradingView.com
25% Cosmos (ATOM) Rally Could Send This Popular Altcoin Flying
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana

Solana Whale Moves $152 Million In One Splash—What’s Going On?

According to on‑chain tracker Whale Alert, an unknown wallet just received 1,000,000 SOL in a single move worth over $152...

Christian Encila 4 hours ago
$SNORT

ChatGPT napoveduje 10x rast žetona Snorter

Snorter ($SNORT) je nov meme kovanec in uporabni žeton, namenjen izboljšanju trgovanja s kriptovalutami s trgovalnim botom Snorter Bot. Ta...

tanjapotocnik 5 hours ago
DOGECOIN

Dogecoin cena gre še višje, TOKEN6900 bo eksplodiral

Bitcoin se je povzpel nad 109 tisoč dolarjev, kar je sprožilo vzpon na trgih: Ethereum ($ETH) – za 4,65 %...

tanjapotocnik 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

With no more minting, $FUN can skyrocket 500% on fixed supply announcement

News BTC 4 minutes ago

BTC Bull重金押注突破800萬 距離FOMO引爆日只剩72小時

estherw 1 hour ago
Snaky Way ($AKE) Explodes Into Presale with AI Buybacks, Influencer Partnerships & Blockchain Games

Snaky Way ($AKE) Explodes Into Presale with AI Buybacks, Influencer Partnerships & Blockchain Games

Aaron Walker 3 hours ago

Premium Sponsors

Press Releases

  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    4 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    4 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    4 hours ago
  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    4 hours ago
  • ミームコイン急騰中|Solana発の人気銘柄続々高騰、新たな注目トークンも登場か?

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.