MultiversX Tracker is Live!

Do you guys think Cosmos will perform in 2023?

All Cryptocurrencies

by COINS NEWS 80 Views

During the start of the year, I wrote about the performance of Cosmos' and the wider ecosystem.

With this report, I assessed the performance of Cosmos and the ecosystem in 2022, based on its initial vision thanks to the data provided by Mapofzones and Coingecko. You can find the key insights below, and the link to the breakdown of the report in the comments.

Link to breakdown: https://twitter.com/SatriaPamudji/status/1608905168225202178

Key Insights from the 2022 report

  • Despite the industry experiencing significant challenges in 2022, including rising inflation rates and the depegging of TerraUSD, Cosmos has remained relatively competitive in terms of valuation, and there has not been a considerable decrease in monthly active users
  • However, other application-specific blockchains on Cosmos have struggled to gain widespread adoption among users, as the majority of Cosmos’ valuation comprises the Hub
  • Cosmos has made progress in terms of the ease of creating new application-specific blockchains, and Interchain modules coming out in 2023 will make it much easier
  • In conclusion, we believe that 2023 will be a turning point for Cosmos, with the predicted development of over 100 interconnected zones and the majority of valuation spread across various application-specific blockchains by year-end of 2023

Well, with Interchain Security coming up and the modular blockchain narrative coming back soon, I was wondering what do you guys think of how it will perform as compared to other solutions like Polkadot?

submitted by /u/satriapamudji
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments