Crypto market in difficulty: analysis of ATOM, DELTA and IOTA

In this period, the prices of some crypto are moving in a particular way, such as ATOM, DELTA, and IOTA. Lets analyze them together.

Price analysis of crypto ATOM, DELTA, and IOTA

ATOM is the cryptocurrency of the Cosmos crypto ecosystem.

It is a very promising ecosystem, in theory, but it struggles to take off. Suffice it to say that its TVL in DeFi is less than 900 million dollars, despite existing since 2021, which puts it behind even much newer projects like SUI.

In the last seven days, the price of ATOM has lost about 7%, but this decline is in line with the general trend of the crypto markets. Moreover, it was almost entirely produced yesterday, given that in the previous days it had actually even risen slightly.

In fact, compared to thirty days ago, it remains in profit, by 3.5%.

However, the situation appears much bleaker if the comparison is extended to a longer period.

Not only is the current price still 90% lower than the all-time highs of 2021, but it is also even 40% lower than it was a year ago.

For example, in the course of 2024 alone, it first rose from $10 to $14, only to then plummet below $5.

In other words, its bear-market, which started in April 2022 and worsened significantly in May/June of the same year, with the collapse of Terra/Luna, Celsius, and BlockFi, seems to still be ongoing, after almost two and a half years.

Two and a half years of bear-market are a lot for the crypto markets, but maybe there is some hope.

In fact, analyzing the chart over time, ATOM seems to be a primarily speculative crypto, in the crypto markets, so in the case of a new bullrun it could perhaps take off again, as it did in 2021.

The trend of Deltas price

Delta is a minor token, with only 18 million dollars in market capitalization.

It was born in 2021 during a full bull run, but practically right away it started to decline.

It is possible that its initial placement price was really exaggerated, given that since then it has lost almost all of its value.

However, if the initial price is excluded, because as often happens it makes little sense, it is discovered that after falling from $19.2 to $3.6 in less than a month after the listing, during the bear-market of 2022 it only dropped below $0.9, with a loss similar to many other shitcoins.

In fact, the current price of $0.8 is perfectly in line with the minimum price of 2022, and it is even higher than that of twelve months ago, when it had further dropped to $0.7.

During the course of 2024, it had managed to climb back above $1.4, but then it started to fall again.

However, it cannot be said that it is still in a bear-market, because it has been moving sideways for more than a year now.

Its characteristic is to have occasionally enormous and sudden spikes, which, however, are exhausted in a very short time.

To tell the truth, it has not happened since the end of October 2023, but at that time, for example, it suddenly rose from $0.7 to $3.7, only to return to $0.7 the next day. Moreover, the following day it made a reverse spike that brought the price to $0.07, but only to return the next day to $0.7.

Such sudden spikes seem to reoccur approximately every 12 months.

The trend of the price of IOTA

Unlike Cosmos and Delta, Iota is a long-term crypto project.

Their cryptocurrency IOTA has in fact existed on the crypto markets since as far back as 2017, even if its price performance is nothing short of disappointing.

The fact is that the Iota project experienced a real boom at the end of 2017, thanks to which this cryptocurrency became one of the top 20 in the entire crypto market, but subsequently lost a lot of interest from investors.

Just think that the initial price was 0.6$, and within six months it recorded its all-time high at almost 5.7$.

That boom, however, had a very short life, because just eight months later the price had fallen below $0.6, then reaching the minimum of that bear-market just above $0.1 in March 2020.

During the bull run of 2021, it was no longer able to replicate such results, so much so that the annual peak stopped at $2.5.

The real problem arose then, namely with the bear-market of 2022.

First it dropped to $0.3 after the implosion of Terra/Luna, then it went back below $0.2 with the collapse of FTX, and it continued to fall even in 2023 until it returned to the minimum levels of the previous bear-market.

The 2024 went even worse, because after managing to briefly rise above $0.4 in March, it started a new phase of decline, apparently still ongoing, which has brought its current price to a level even lower than the bottom of the bear-market of 2018/2020.

The fact is that this project seems to have exhausted its persuasive power towards investors, therefore by now Iota on the crypto markets seems to have become just a speculative asset.