$ATOM launch - Cosmos is a killer.At a market cap ~800 million Cosmos is grossly over valued for such a fresh project on the market.
Interoperability is currently a hot topic, and the project will surely gather attention going forward, however I think that in the short term we'll see a draw down or 2-4x putting us closer at a valuation of ~200 Million (.80~ cents)
Will be watching for a break down. Don't expect to catch any knives on this one as I can foresee the POS system working perfectly, sucking enough in to buy before larger players distribute over the coming months of 2019.
Coinbase add smells like trouble, and the perfect catalyst for a death spiral down to x2-x3 ICO price, giving those who want a chance to enter fairly, and allowing early players to distribute their coins onto the masses, and move onto the next angel investment.
Best of luck trading!
-CJC
