Cosmos community empowers ATOM Accelerator DAO, fueling innovation and growth. With overwhelming support, the community authorized more than 900,000 ATOM tokens for the ATOM Accelerator DAO (AADAO), a grassroots effort poised to elevate innovation, propel the expansion of the market ecosystem, and amplify the functionality of the token.
#Cosmos community approves over 975,000 $ATOM tokens for ATOM Accelerator #DAO (#AADAO) ⏩
— DAOscope (@DAOscope) December 31, 2023
Aimed at fostering innovation and adoption in the Cosmos Hub, AADAO represents a community-driven, decentralized growth strategy for the Cosmos ecosystem 🌐https://t.co/72xiEyFr0h
Empowered and overseen by the Cosmos Hub community, the AADAO is strategically positioned as a durable entity dedicated to advancing adoption, refining ATOM token utility, and enhancing community-oriented development within the ATOM network. The authorization signifies a transformative juncture, underscoring the Cosmos community’s dedication to a decentralized system and laying the groundwork for imminent bullish developments in ATOM.
Key Cosmos Levels To Watch – December 31
Following the subsequent rally after the breakout in October 2023, ATOMUSD retraced into a bullish order block. According to the Stochastic Oscillator, the market is almost oversold.
The breakout of price from the diagonal resistance to the upside led to the ongoing bullish trend. ATOMUSD is likely to resume its uptrend from the bullish order block in the oversold region.
ATOM Key Levels
Resistance Levels: $12.950, $15.440, $7.100
Support Levels: $8.940, $7.880, $6.160
Market Metrics
Total Market Capitalization: $1.62T
Cosmos Market Capitalization: $4.1B
Cosmos Volume: $192M
Market Rank: #22
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