- Centauri has been launched to make sure interoperability between Cosmos and Polkadot.
- ATOM has seen a fall in shopping for strain because the starting of Q3.
To handle the long-standing problem of interoperability between the Layer 0 community Cosmos [ATOM] and Layer 1 chain Polkadot [DOT], Composable Finance introduced the launch of Centauri through a blog post printed on 11 July.
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Based on the announcement weblog put up, whereas community interoperability has been a shared goal for each the Cosmos and Polkadot ecosystems, the dearth of an efficient system of connection between the 2 networks has hindered their progress and restricted their potential person base.
Deployed to supply an answer to this drawback, Centauri makes use of the Inter-Blockchain Communication (IBC) Protocol, which expands the performance of the Cosmos-based apps past their earlier limitations.
This integration will facilitate the stay connection between Polkadot and Cosmos app chains, beginning with the Picasso parachain and the favored Osmosis Decentralized Change (DEX).
ATOM feels the gravity of declining shopping for curiosity
The month to date has been affected by a fall within the accumulation of ATOM cash. An evaluation of the alt’s value motion on a every day chart revealed a steep fall in its key momentum indicators beneath their respective impartial positions.
For instance, its Relative Energy Index (RSI) was 48.25 at press time.
Nearer to the oversold territory, the Cash Stream Index (MFI) indicator marked its spot at 37.44. These advised a gradual decline in ATOM shopping for strain as extra buyers took to distributing somewhat than accumulating.
Moreover, a destructive Chaikin Cash Stream (CMF) within the final two days advised elevated liquidity exit from the ATOM market. A CMF worth beneath the zero line is usually seen as an indication of weak spot available in the market. At press time, ATOM’s CMF was -0.03.
Additional, up to now few days, ATOM’s Superior Oscillator Indicator has posted principally quick crimson histogram bars resting above the zero line. This advised that the bearish momentum grew steadily.
Supply: ATOM/USDT on TradingView
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It implied that sellers have been in command of the ATOM market, and there was downward strain on the value at press time.
On the time of writing, the Adverse Directional Index (crimson) of the Directional Motion Index indicator rested above the Optimistic Directional Index (inexperienced), confirming that ATOM sellers had management of the market.
