Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all in the green following improved sentiment in the broader cryptocurrency market. The rally by the leading cryptocurrencies positively affected other top altcoins, with Cosmos Hub (ATOM) becoming one of the best performers among the top 100 cryptocurrencies by market cap. ATOM extended its gains, trading at $1.90 on Wednesday, rallying nearly 8% so far this week. Its rally is fueled by improved derivatives metrics, with the constructive technical outlook suggesting further upside potential for ATOM in the near term. Derivatives data suggests a bullish bias ATOM is one of the best performers in the market thanks to growing retail demand. CoinGlass Open Interest (OI) for ATOM surges to $137.
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