ATOM

Cosmos (ATOM) Price Could Gain Over 20% In October | – Digital Market News

  • Cosmos doubled the rewards for the new bug bounty in a bid to avoid past mistakes
  • ATOM/USD gained over 30% since October 07 to print a 5-week high
  • The buyers activated the head and shoulders pattern, which will be completed if the price action reaches $7.40

Cosmos (ATOM) price is trading in an impressive form as it gained over 30% since October 07. The price action created a specific chart pattern that could extend the current rally for over 20%.

Fundamental analysis: Stargate upgrade to enhance strength

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Cosmos has announced a new 3-month bug bounty and it doubled its rewards ahead of the forthcoming Stargate upgrade in an effort to enhance its robustness.

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The new upgrade is the final piece that will complete the initial work plan included in the Cosmos Whitepaper and will also implement the IBC protocol, which enables Cosmos to establish a connection with other blockchains. 

Zaki Manian, co-founder of Iqlusion and one of the contributors said the Stargate testnet is ready for a rollout but the Cosmos team wants to conduct additional tests on the upgrade “to identify critical bugs that may have made it past engineering and integration testing.”

Cosmos doubled the rewards for the new bug bounty in a bid to avoid past mistakes when major bugs were detected in vital components. In July, blockchain company Bluzelle spotted
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