Cosmos [ATOM]: Is it the right time to short? Analyzing…

February 24, 2023

By Suzuki Shillsalot

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• Cosmos Hub witnessed a decline in staking activity.

• However, development activity increased as Cosmos provided incentives.

Cosmos Hub lost stakers on its network over the last week. However, with Cosmos [ATOM] increasing its focus on development activity, it could regain the interest of stakers and bring them back to the network.

According to Token Terminal, Cosmos has ranked second in terms of the number of active developers. Despite the milestone, the network continued to incentivize developers as of 22 February.

The spike in active developers and the efforts to hire more could be due to Cosmos Hubs’ upcoming technologies. These technologies could be related to “Replicated Security,” which is the upcoming shared security model of the Cosmos Hub.

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