Cosmos
Long

ATOM Basing under ATH

451
ATOM looks like its building out the right side of its base just underneath the ATH. This has been one of the 2021 laggard L1s that I think will play catchup do very well this year. Would like to see a bit more consolidation on declining volume as selling pressure dries up and gets absorbed.

Currently, $9bn market cap w/100% supply circulating

Market cap of some comps:
SOL - $47bn, 5x higher
LUNA - $30bn, 3x higher
DOT - $25bn, 2.5x higher
AVAX - $22bn, 2.25x higher

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