Viewpoint: Why is the highly bullish sentiment for $ATOM at a historical low?

This perspective is from DAVID ATTERMANN, who believes that while $Atom is not favored in the market, it is one of the best investments available today. Here are the reasons:

1. The sentiment for $ATOM is at rock bottom; compared to $ETH, $ATOM's price has declined over the past year and a half. Recently, the market surged, but $ATOM missed out on the widespread recovery.

2. The fundamentals and price have created a value gap. The Cosmos ecosystem has never been stronger and has become a top Web3 ecosystem.

The ecosystem currently ranks third in developer activity, with a total ecosystem market cap of 82 billion, of which 25 billion is already connected to IBC. This includes blockchain infrastructure (Sei, Celestia, Dymension, Axelar, Neutron), DeFi (dYdX, Injective, Osmosis, Thorchain, Stride), DePIN (Akash, Pocket, Jackal, Syntropy, Cudos, dVPN), AI (https://t.co/V6Kbs9ucoy, Oraichain, Soarchain, AIOZ), and RWA (Provenance, Noble).

3. Collaborating with the Bitcoin ecosystem through Babylon to share security, $ATOM governance can finally pursue meaningful value accumulation. The partnership with the Bitcoin re-staking protocol will allow Bitcoin holders to stake their BTC to protect Cosmos Hub ICS consumer chains, bringing Bitcoin security to the Cosmos Hub alongside Babylon, significantly enhancing the hub's security.