What is ATOM, and why am I interested in this technology?
They call themselves the "Internet of Blockchains," but in simpler terms, it's an SDK that makes it easier to create blockchains. So far, over 200 blockchains have been built using this SDK, including major players like INJ, TIA, and FET.
### Why is this technology impressive?
- Unmatched Reliability: With over 100B worth of tokens running on its ecosystem without crashes or downtime, it’s a performance few can match, except for Ethereum.
- Seamless Interoperability: In a world where more and more Layer 1 blockchains are being created, ATOM stands out for its ability to bridge blockchains, simplify staking, and enable smooth trading within its ecosystem—unlike blockchains that operate in isolation.
### Why hasn’t ATOM performed well in 2024?
After massive pumps in 2021 and 2022, it’s still in a recovery phase. However, the bottom appears to be in, and the charts suggest it’s gearing up for a move upward.
I’ve marked a green box where I believe you can safely load up for a long position.
DYOR!