Daily Trends, Charts, and News - Featuring ATOM and OSMO

Hello everyone! Welcome back to another Daily trends, charts, and news here on Coin Logic! Everyday we feature Bitcoin and Hive charting analysis as well as a daily featured crypto asset! Today's tokens of the day are OSMO and ATOM.

Keep reading for the trending markets as in the top gainers and losers as well as the daily update on the Bitcoin Fear and Greed Index and the Bitcoin market dominance charts and our daily news flash!

Token of the Day - OSMO and ATOM

We are talking about both of these today because they are both on the run and are tied in together. The Osmosis platform is basically the equivalent of Pancakeswap for Binance Smart Chain or Uniswap for Ethereum. Osmosis.zone is the main DEX for the Cosmos platform and ties in with several other blockchains that are starting to pop up on the Cosmos ecosystem.

OSMO has been on a multi-day run and is not showing any signs of slowing up any time soon! With all the new platforms launching on Cosmos and being listed on Osmosis, the sky is the limit!

Now for Cosmos ATOM...

Cosmos has broken into the top 20 and is sitting nicely at number 18. It has pushed today more than 15% and is also not showing any signs of stopping.

Last week when we featured ATOM, it was about to break out of a falling wedge pattern, and as you can see, played out splendidly!

The only concerning factor on the charts is on the market cipher indicator. The momentum waves are starting to curve over a bit, at least showing some slowing in the momentum. The RSI is also quite overheated so we may be looking at a pull back at some point in the near future.

The major bullishness that I am seeing though is the red money flow wave that is starting to curve up to the zero line and hopefully will cross into the green in the next couple of days.

All in all, really happy with our investment in ATOM and OSMO! They have treated us very well and is one of our main sources of income as of late!

Bitcoin

Well... Bitcoin is looking pretty weak on the the daily time frame. It looks like we had a failed attempt at putting in a double bottom of sorts, which isn't completely out of the cards as we haven't printed a lower low, but it sure isn't looking good... Money flow is steadily in the red and the momentum wave is on the low side, but starting to curve in a better direction. As for the RSI, it is in the neutral zone and not showing much.

In other words... Bitcoin is boring right now, so if you are trading, find something else that is moving, or just sit back and dollar cost average in and accumulate.

Hive

Not much happening as far as price action on Hive lately either... Seems Hive is in a bit of a consolidation period as well. We have been ranging between 1.50 and 1.60 for a while now, which isn't a bad place to be! The last run up was enough to show people we aren't going anywhere and we have some solid fundamentals working. Because let's face it, Hive is a fundamental token, not a pumpamental token... Just saying... Our strategy with Hive and HBD... Stack, stack, and stack some more...

What's Trending

Here are the biggest gainers and losers in the top 100 for the day. Love seeing Cosmos in that gainer list for the second day in a row, but that often means that it is only a matter of time before a recorrection and most of these tokens you see gaining will be in the other column... Just how it works... You can see that example with a couple of the tokens that were in yesterday's gainers that are now on the losing side.

Bitcoin Fear and Greed Index

Market sentiments now looking too good right now wi the Fear and Greed index for Bitcoin at a 23. But, as always, smart money is buying when there is blood in the streets... what is your move during Bitcoin down turn? Us, we are actually out of Bitcoin at the moment and rolling with allot of Hive and DEFI tokens that are earning cash flow!

Bitcoin Dominance

Bitcoin dominance keeps falling. It hasn't been above 40% in about a week and keeps looking weaker because of the money flowing into the other digital assets, kinda want to stop saying altcoins at this point...

We aim to do this daily to help you gain a better understanding of the markets and how these crazy charts work!

All of the articles below can be found in our News Center on Coin Logic.

Not only do we use 4 of the top news sources in the space, but we also source our news and updates directly from the Hive blockchain community!

We pick our favorite couple of articles from the bunch to share with you and give you our summary and opinions.

Our primary news sources are:
AMB Crypto Bitcoin.com Bitcoin Magazine Decrypto.co Hive Blockchain:

leofinance.io
hivehustlers.io
coinlogic.finance community

Top Story 1 from AMB Crypto

TerraBridge’s partnership with Osmosis sees its TVL rocket to $1 billion mark

https://ambcrypto.com/terrabridges-partnership-with-osmosis-sees-its-tvl-rocket-to-1-billion-mark/

Our Summary:

“Of note, inbound transfers from Osmosis → Terra are in the works, and more details will be released once the feature is available soon.”

So the Terra ecosystem has been on fire lately and is bridging the gap between different blockchains. They are working with Osmosis and have an IBC connection running that crosses the Terra world with Cosmos. Now they have built in the Osmosis bridge right into their Terra Luna Bridge! This is huge for interconnectivity between chains and is showing other ecosystems how it is done efficiently!

Just more awesome news for our tokens of the day and not to mention the Coin Logic Index because we are using the Terra UST to pair with OSMO to earn a solid 160% APR with 92 million in liquidity... Pretty good stuff!

Top Story 2 from Decrypt.co

Netgear's Meural Smart Picture Frame Integrates MetaMask for NFT Display

https://decrypt.co/89702/netgears-meural-smart-picture-frame-integrates-metamask-nft-display

Our Summary: Netgear has made a major move with it's Meural smart frame in that it has now incorporated Metamask so that you can display your NFTs! This with the announcement from Samsung on their new NFT platform in their TVs is showing that the NFT world is one of the best ways to bring crypto to the masses. Both companies and products are mentioned in the article.

Top Story From the Hive Blockchain

Cosmos Goodies: Tools of the Trade (Tickers, Trackers & Taxes)

Our Summary:

Keeping with the theme of today's tokens of the day... Here is a post from @nulledgh0st who is a heavy hitter in the Cosmos/OSMO world as he works with a group called Whispernodes that runs several validator nodes for different chains in the Cosmos ecosystem.

This article has allot of good references if you are thinking of diving into that world. One of the references is an airdrop calendar that can be handy for those looking to get some free tokens!

Nothing we say is financial advise. This is for educational and recreational purposes only! Stay safe in these volitile markets and don't get rekt!

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