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RE: Atom Cosmos: Cross-Chain DEX's Rise

in LeoFinance3 years ago

I've been in Cosmos since about this time last year. We saw such massive growth in the past 12 months but in the last 2 months, especially since the implosion of Luna/Terra, every single Cosmos protocol token has been hit super hard.

I've lost about 70% of my investments in $SCRT, $OSMOS, $ATOM, $JUNO and $DECENTR which are my favorite Cosmos based tokens.

Tokens like Secret, which purport to be l2 security protocol enhancing tech, always struggle a lot to keep momentum. Just look at Monero $XMR!

I still have a lot of faith in the blockchain and in people actually staying because of the promise of great riches, transformative tech and being part of something revolutionary.

However, we're really struggling right now across the board in Cosmos I think.

Competition is great, but there's so many performant and affordable blockchains now, we're really competing for attention with chains like Fantom, Avax, Optimism and now Evmos.

I think the next 12 months are going to be a time in our lives none of us will ever forget though.

That's why I stay.

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I think Secret will struggle a bit going forward as it also has a algo stable coin and people will be hesitant to trust it. Development on Secret has been slow too with the Shade airdrop occuring but not much else.

I think Cosmos will continue to take some time to develop and lead but eventually one that may impress.

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