What is ATOM cryptocurrency? Why did Cosmos Hub rise this week?

ATOM, the native token of the Cosmos ecosystem, rose about 10% this week, trading at close to $4.80, driven by staking and cross-chain operations through Cosmos Hub. Despite the competition from Ethereum Layer2 and internal governance disputes, ATOM is still widely used in tokenized assets and DeFi fields. Technical charts show that the market is consolidating, and big holders are increasing their holdings, but the upcoming token unlocking may limit gains. Meanwhile, Solana-based meme utility token Bitcoin Hyper offers 71% annualized stake and 1:1 bitcoin minting on Layer2, currently priced at $0.01276.