After the upgrade of Cosmos Hub, atom sees only limited upward potential

• The Liquid Staking module from Cosmos Hub has just gone live and offers atom.
• The nuclear price has increased by 3 % in the last 24 hours after he had a slight increase on Wednesday.

Cosmos Hub, the interchain service provider of the Cosmos Network and the blockchain platform, which is based on the native token atom, had a big upgrade this week. This happened after the Liquid Stake module of the platform was put into operation on September 12 and increased the benefits of atom within the defi ecosystem.

The Liquid Staking model from Cosmos Hub is now live

With the update and activation of the Liquid Staking module by Cosmos Hub, nuclear owners have new access to new earnings opportunities. LSM means that Tgose with atom can already be used with atomic token, without having to wait for the 21-day delivery period.

The V12 upgrade was successfully completed ⚛️

The Liquid Staking module is live in the Cosmos Hub!

With LSM, the hub opens new dynamics within the nuclear economic zone.

Users can now liquidate their already made operations directly pic.twitter.com/idiyr8nsdl

- cosmos hub ⚛️ (@cosmoshub) 13. September 2023

these are good news for nuclear owners, because it means that they can take part in the defi ecosystem and still earn with the stake yields. You can remove the use of atom and liquidate it directly, this time without 21-day restriction.

The community should note that an initial upper limit of 25 % for the total amount of atom has been determined that can be used. Other measures to "reduce the risk of liquid operations" were also initiated via parameters controlled by governance.

" As an additional security feature, validators who want to receive delegations from providers of liquid operations would have to bind a certain amount of atom themselves ", announced Cosmos Hub.

Atomic price view

The reaction of the market to the upgrade was an increase in the nuclear price. Due to the purchase pressure, the value of the token on Thursday increased to a maximum of $ 6.80. Coingecko data show that cryptocurrency has currently increased by 3 % in the past 24 hours.

Atom must collapse from the highlighted horizontal support or risk a collapse below $ 2. The biggest upward hurdle would be near the YTD level.