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The Cosmos (ATOM) trend is considered bullish unless the price closes below $13.87.

The cryptocurrency market continues to rally, building on its 2023 momentum, with various assets recording a significant surge in value. Amid the gains, development teams of several cryptocurrencies are taking the lead in helping the respective assets attain viability.

Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another notable mover, with prices up for a second straight session.

Although cryptos enjoyed another remarkable week, moving forward, investors have difficult days ahead deciphering next moves.

The Cosmos Price has surged by 40 percent YTD, reversing a trend that had seen its value drop by almost 50 percent in the previous two months

Performance analysis and latest news

Cosmos [ATOM] managed to register gains on its weekly charts by increasing its price by more than 2%.

World Mobile Token announced deepening its collaborative relationship with Input Output (IO) to develop a dedicated permissioned Cardano sidechain.

With the current crisis of digital currencies leading to a sharp drop in prices, it is really hard to make predictions about cryptocurrencies that could grow the most in 2023.

World Mobile and Input Output Global have been working together for the past three years to bridge the digital divide using the Cardano blockchain.

The Cosmos-based L1 blockchain Canto DEX recently set a new record with its transaction volume reaching $63.2 million, surpassing the likes of Solana and Fantom.

Injective Labs has announced the successful launch of its $150 million ecosystem fund with support from Pantera Capital, Kucoin Ventures and others.

The self-acclaimed internet of blockchains, Cosmos [ATOM] has reclaimed the $3.5 billion market capitalization after its token displayed a 40% increase in the last 30 days.

Layer 1 blockchain Injective launched a $150 million ecosystem fund to “accelerate developer adoption” for optimized financial applications. What Happened: Injective's new fund is supported by notable Web3 and traditional finance organizations which the company said represented the largest consortium in the Cosmos ecosystem.

“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs.

As 2023 begins, development teams across the primary blockchain networks are building and expanding throughout their ecosystems, even as the crypto industry continues to reassemble from the devastation created by the FTX meltdown. Additionally, the time given for the development of these projects is a resource that can be considered quite pricey, as projects garnering The post Revealed: Top 5 Cryptos With Highest Development Activity appeared first on CoinGape.

Polkadot is following the crypto markets, while Cosmos a bit less so

Cardano blockchain beats 9 other major blockchain platforms, as daily GitHub development activity hits 792.  Cardano network makes swift recovery after the network shuts down.

In an announcement on January 20, Terra [LUNC] stated that it would launch its lending protocol, known as Mars Protocol, on Cosmos Hub‘s network. This move could have a positive impact on the Cosmos [ATOM] network's presence in the DeFi sector, as it would bring in a new lending protocol to the network.

An airdrop on the mainnet will unlock 64.4 million MARS tokens for Terra Classic holders who held them throughout the two historical snapshots. Osmosis blockchain will launch the first Mars outpost in early 2023.

Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak. Friday's move saw the token move closer to a key resistance level of $12.50. Solana also moved higher earlier in the day, as price bounced from a key support point.

The Cosmos (ATOM) price was rejected by a descending resistance line on Jan. 16. It is likely still in a corrective structure which could take it to $10.95

Cosmos [ATOM] posted over 55% gains during its rally between mid-December 2022 and mid-January 2023. It rose from $8.496 to $13.379, just shy of $14.000.

A new annual report from early-stage venture firm Electric Capital shows massive developer activity growth on four blockchain projects, including two Ethereum (ETH) rivals.