- Cosmos’ network activity has been on the rise for a month.
- ATOM was up by over 7% last week, but indicators were bearish.
Cosmos Hub [ATOM] has made an announcement that has the potential to boost the blockchain’s network activity. In fact, the latest data revealed that the blockchain’s network activity and adoption have already been on the rise for the last 30 days.
Read Cosmos Hub’s [ATOM] Price Prediction 2023-24
Cosmos to witness further network growth ?
Cosmos on 1 November announced its integration with Bitcoin [BTC]. As per the official tweet, the bridge would allow users to bring their BTC into Cosmos using nBTC, an IBC-compatible token. This eliminates the need to convert their BTC into a different crypto.
Welcome Bitcoin to the #interchain
IBC Bitcoin is here ⚛️@nomicbtc completed the interchain upgrade, enabling nBTC to be transferable via #IBC
With the Nomic non-custodial Bitcoin bridge fully functioning – the IBCification of the blockchain industry continues! pic.twitter.com/TH24OqjNrs
— Cosmos – Internet of Blockchains ⚛️ (@cosmos)
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