Built on the Cosmos blockchain, Evmos is a proof-of-stake (PoS) technology. In essence, it’s also a significant interoperability move for the Cosmos network. It is intended to work with different Ethereum Virtual Machine (EVM) ecosystems.
The Evmos V6 update was successful. It recently underwent a major improvement that increased speed and decreased gas costs. Additionally, it has been through a continuing airdrop-claim process, which is very helpful. Now, they have decreased congestion, imposed the minimum gas fee, enhanced stability, and established 2-second block intervals. Let’s take a look at the EVMOS price
EVMOS Price Prediction
The EVMOS price is currently around $2.13. It has climbed by more than 80% since it was at its lowest price of $1.12. On the four-hour chart, the price of EVMOS has been on a bullish trend, although it was rejected at a key resistance level at $2.23.
The EVMOS may continue to climb in the near future despite Cosmos’ long-term bearish tendency. If this happens, $2.23 and $2.4 will be the next important resistance levels to pay attention to. The positive outlook will be invalidated if the EVMOS price falls below the $2 support level.
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