Will increasing interest in staking ATOM echo through Cosmos

ambcrypto.com:

The number of users staking ATOM witnessed a massive growth especially in the last 30 days. However, with the FUD over the BNB hack, with ATOM‘s tiny involvement, could impact the stakers revenue and ultimately ATOM’s  price in the long run.

______________________________________________________________________________________

Here’s AMBCrypto’s Price Prediction for Cosmos [ATOM] for 2022-2023

______________________________________________________________________________________

The number of stakers who began to show interest in ATOM over the past month was huge as can be seen in the chart below. The number of stakers on the ATOM network grew by 123% over the last month. Furthermore, the number was observed to be on a steady incline since the last seven days week.

Source: Staking Rewards

Another reason for ATOM’s growth could be the growth in the staker revenue. Over the last 30 days, ATOM’s miner revenue was also witnessed growth.

Source: Staking Rewards

Despite its growth in terms of staker revenue, ATOM was unable to find the same traction on the social front. According to social media analytics firm LunarCrush, ATOM’s social media mentions depreciated by 31.17. Furthermore, its social engagements decreased by 39.9% over the past week.

Furthermore, ATOM’s weighted sentiment was also on a decline over the past week. This indicated that the crypto community was still against ATOM at the time of writing.

Source: Santiment

One of the reasons for the negative sentiment could be ATOM’s involvement in the BNB hack. Ethan Buchman, co founder ofCosmos, tweeted on 9 October about the Binanace hack.

The hacker, according to Buchman, was able to replicate the merkel proof, which helped the hacker exploit Cosmos’ vulnerabilities. Even though