Cosmos-Based Crypto Altcoin Skyrockets  by More Than 58 percent in 1 Week Amid New Upgrade and Oracle Integration

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Cosmos-Based Crypto Altcoin Skyrockets  by More Than 58 percent in 1 Week Amid New Upgrade and Oracle Integration

A Cosmos (ATOM)-based crypto altcoin that’s flying under the radar is surging on the heels of a new upgrade and integration.

Evmos (EVMOS) is currently worth $0.444 at the moment of writing and is up over 58 percent from its weekly low of $0.281.

Evmos aims to attract Ethereum-based applications and assets to the interoperable networks of the Cosmosecosystem.

Earlier this coming week, Evmos upgraded to its v.10.0.

Explains the project,

“The building blocks for interchain dApp development are here (with more on the way). This tooling enables development of user-friendly dApps. The sky’s the limit not only for our wonderful community of developers, but likewise for other ecological systems joining the Interchain.

Beginning with one of the most useful features, automatic ERC<>IBC [inter- blockchain tech communication] investment conversion is now live! No longer will users must transform their Cosmos assets into their respective EVM [ Ethereum (ETH) virtual machine] investment types and vice-versa. This will be done under the hood for users!

This can be applied on the user-facing side for bridging assets to Evmos, in addition to serving as a useful tool for developers to abstract away the complexity of incorporating liquidity from EVM and Cosmos chains within their dApps (e.g. one click to bridge and liquidity pools).”

Evmos likewise recently integrated Adrastia’s oracle solution to enable a price data feed.

Regardless of the profits this coming week, EVMOS remains down greater than 93 percent from its record-breaking peak of $6.84, which it hit in April 2022.

Featured Image: Shutterstock/Zalevska Alona UA
Generated Image: Midjourney


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