What’s behind the rerating of Cosmos? By Cointelegraph

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ATOM rallies 100% in a week: What’s behind the rerating of Cosmos?

ATOM, the native cryptocurrency of the Cosmos blockchain protocol, has rallied by over 100% in the past week.

Analysts are attributing the rally of ATOM to two major fundamental factors. First, in recent weeks, layer one blockchain protocols, like Avalanche (AVAX) and Polkadot (DOT) have gone through a major rerating.

ATOM/USDT 1-day price chart (Binance). Source: TradingView.com
ATOM vs. LUNA long-term sentiment score. Source: TheTie