Cosmos-Based Altcoin Skyrockets by More Than 58% in One Week Amid New Upgrade and Oracle Integration

Flying under the radar, Cosmos (ATOM)-based altcoins are surging following new upgrades and integrations.

Evmos (EVMOS) is trading at $0.444 at the time of writing, up more than 58% from its weekly low of $0.281.

Evmos Purpose Bring your Ethereum-based applications and assets to the interoperable network of the Cosmos ecosystem.

Earlier this week, Evmos was upgraded to v.10.0.

explain project,

“The building blocks for interchain dApp development are here (more are in the works). This tool enables the development of user-friendly dApps. There are also endless possibilities for other ecosystems participating in Interchain.

We’ll start with one of the most useful features, Auto ERC<>IBC. [inter-blockchain communication] Asset conversion has started!User no longer needs to convert Cosmos assets to each his EVM [Ethereum virtual machine] Asset type and vice versa. This is done inside the user!

In addition to serving as a convenient tool for developers to abstract away the complexity of embedding liquidity from the EVM and Cosmos chains within their dApps, this serves as a user-facing side for bridging assets to Evmos. Can be applied (e.g. bridges and liquidity pools in one click)”

Evmos also recently integrated Adrastia’s Oracle solution to enable price data feeds.

Despite this week’s rally, EVMOS remains down more than 93% from its April 2022 all-time high of $6.84.

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