According to the latest analysis conducted by Layergg, Cosmos Chain was the best performing project among the 100 altcoin projects evaluated. The Cosmos ecosystem has experienced a remarkable rise, with Injective, Thorchain and Kujira achieving 30-day gains of 130%, 110% and 300% respectively. As for the new projects added to the system, 3 projects stand out.
New Projects Added to the Cosmos Ecosystem
New altcoin projects added to the Cosmos ecosystem also stand out in the Layergg Analysis: If we list these projects in the ecosystem in order;
- Neutron (NTRN): Launched on June 14, 2023, Neutron received a $10 million investment from Binance Labs. Neutron is the first Replica Security consumer chain and launched the Grants Program by introducing the Celestia Rollup Bridge.
- Celestia (TIA): Launched on November 1, 2023, Celestia received an investment of $56.5 million from Binance Labs and Polychain. Compatible with the Ethereum Roadmap, Celestia is a modular blockchain.
- Sei Network (SEI): Launched on August 15, 2023, Sei Network received a $35 million investment from Coinbase and Multichain. The Sei Network mainnet has processed twice as many blocks as Ethereum in its entire history and is the only project listed on Upbit’s KRW market.
New Coin Trend and the Role of Cosmos
According to analysts, the “new altcoin” trend is defined by a feeling of optimism, a lack of long-term investors, and a tendency for teams that are not yet rich to generate hype. It is stated that this trend is currently triggered by Celestia.
Cosmos (ATOM) and Inter-Blockchain Communication Ecosystem (IBC)
Cosmos (ATOM) stands out as the base currency of the Inter-Blockchain Communication Ecosystem (IBC). It is emphasized that the use of ATOM together with NTRN and STRD with Replica Security further strengthens the position of the project.
The analysis by Layergg shows that the Cosmos ecosystem is on the rise and new projects in this field are performing remarkably. Investors can evaluate future opportunities by focusing on Cosmos’ strengthening ecosystem and the potential of new projects.
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