It appears there’s a concern about prices, much like previous complaints we’ve noticed recently. This seems to align with the prevailing negative sentiment, which is strongly associated with the current low ATOM dominance.
However, the key point to remember is that this chart shows a stable range. There are times of excitement, times of disappointment, but only a few assets in this industry have the privilege to endure for over 5 years and remain in the top 50. We might be at a historical low in terms of dominance, but this could be an excellent opportunity to remain optimistic about the Hub and counter the prevailing negativity.
Historically, ranges are ideal for contrarian behavior until they are broken. These challenging times for sentiment are when critical decisions should be made. We believe that reducing costs and ‘doing nothing’ is the opposite of what should be done.
Thanks for reading,
Govmos
