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ATOM Cryptocurrency has Risen in Price by 80% in a Week

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ATOM Cryptocurrency

ATOM Cryptocurrency has Risen in Price by 80% in a Week

Altcoin updated its all-time high above $ 25, although in March last year its quotes fell to $ 1.The price of the ATOM token first reached $ 25.4 on February 16 on the Bitksmi crypto exchange. Over the past week, the value of the coin has increased by 78%, and since March last year, when ATOM fell to a local minimum of $ 1, it has increased 25 times.

ATOM cryptocurrency

The project ranks 16th in the list of the largest digital money by capitalization. Its market value reached $ 6 billion with daily trading volumes of $ 2.9 billion, according to CoinGecko.

What is the reason for the growth of ATOM cryptocurrency?

The rise in the ATOM rate occurred against the backdrop of the announcement of one of the largest trading volumes of the crypto exchange Binance to add the possibility of staking altcoin with an annual interest rate of up to 24.79%.

Staking is the ability to passively accumulate coins for keeping them. One of the main risks of this way of earning is a decrease in the value of an asset in which profits are accumulated.

ATOM was released during the ICO that took place in April 2017. Then the price of the coin was about $ 0.098. Over the past 4 years, cryptocurrency has risen in price by 26,000%.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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