We know that the demand for the top-ranked digital currency in the world Bitcoin (BTC) is already on a significant rise in India but now other cryptocurrencies including Ethereum (ETH) and Cosmos (ATOM) have also started gaining attention in the cryptocurrency community of India. Amid the growing surge of cryptocurrency at a broader level, the scalable blockchain network Cosmos’ native digital currency ATOM is quickly receiving traction in the Indian cryptocurrency community.
Cryptocurrency Exchanges in India Witness a surge in demand for ATOM
Though in the current Indian bull cryptocurrency market, the bigger projects such as Bitcoin (BTC) and Ethereum (ETH) are seeing a significant surge, altcoins such as ATOM are also emerging rapidly. In India, Cosmos’ ATOM token is quickly gaining recognition as a brand.
Major global cryptocurrency exchanges in India such as OKEx have also witnessed a great surge in demand for altcoins on their platform particularly for Cosmos (ATOM). The Malta-based cryptocurrency exchange OKEx has seen the trading volume of ATOM rising high on its platform since April 2019 on its trading platform.
The Press Manager of the OKEx exchange Vivien Choi said in a statement:
“OKEx … saw record high numbers when alt season was at its height in August,” said OKEx press manager Vivien Choi, speaking to markets that include India but aren’t limited to it. “OKEx has seen a rise in demand for ATOM especially last month throughout the globe.”
Cosmos has not completely become a brand in the country of India like the leading cryptocurrency Bitcoin (BTC) and Ethereum (ETH). It is still new to the users of India, however, it is emerging very quickly to become a brand out there.
A student at the Vellore Institute of Technology in southern India Aditya Nalini is one of those students who are a big fan of ATOM token. Nalini said that he is not holding Bitcoin in spite of the fact that it is the most famous digital currency in the world.
Rather, he said that he is holding other digital coins such as ATOM, ETH, and Matic tokens in his accounts. “My portfolio currently has 60% atoms, 30% matic and 10% ether,” he said in a statement.