Cosmos (ATOM) Achieves Market Cap of $4.29 Billion

Cosmos (ATOM) traded up 4.7% against the U.S. dollar during the one day period ending at 10:00 AM ET on September 23rd. In the last week, Cosmos has traded 2.9% lower against the U.S. dollar. Cosmos has a market cap of $4.29 billion and approximately $661.72 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can currently be purchased for approximately $13.85 or 0.00073447 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

  • Avalanche (AVAX) traded up 5.4% against the dollar and now trades at $17.36 or 0.00092061 BTC.
  • Cronos (CRO) traded up 4.9% against the dollar and now trades at $0.12 or 0.00000623 BTC.
  • Internet Computer (ICP) traded 2.2% higher against the dollar and now trades at $6.04 or 0.00032036 BTC.
  • NEAR Protocol (NEAR) traded 3.1% higher against the dollar and now trades at $3.72 or 0.00019634 BTC.
  • Algorand (ALGO) traded 17.9% higher against the dollar and now trades at $0.37 or 0.00001965 BTC.
  • Hedera (HBAR) traded up 3.8% against the dollar and now trades at $0.0607 or 0.00000320 BTC.
  • Moonbeam (GLMR) traded up 2.7% against the dollar and now trades at $0.45 or 0.00002403 BTC.
  • Kava (KAVA) traded 5.3% higher against the dollar and now trades at $1.51 or 0.00008024 BTC.
  • Theta Fuel (TFUEL) traded up 4.5% against the dollar and now trades at $0.0542 or 0.00000288 BTC.
  • OMG Network (OMG) traded 4.9% higher against the dollar and now trades at $1.72 or 0.00009137 BTC.

Cosmos Profile

Cosmos uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 309,712,633 coins. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The Reddit community for Cosmos is /r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official website is cosmos.network.

According to CryptoCompare, “Cosmos is a network of many independent blockchains, called zones. The zones are powered by Tendermint Core, which provides a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behaviour of malicious actors. Tendermint Core’s BFT consensus algorithm is well suited for scaling public proof-of-stake blockchains.The first zone on Cosmos is called the Cosmos Hub. The Cosmos Hub is a multi-asset proof-of-stake cryptocurrency with a simple governance mechanism which enables the network to adapt and upgrade. In addition, the Cosmos Hub can be extended by connecting other zones. The hub and zones of the Cosmos network communicate with each other via an inter-blockchain communication (IBC) protocol, a kind of virtual UDP or TCP for blockchains. Tokens can be transferred from one zone to another securely and quickly without the need for exchange liquidity between zones. Instead, all inter-zone token transfers go through the Cosmos Hub, which keeps track of the total amount of tokens held by each zone. The hub isolates each zone from the failure of other zones. Because anyone can connect a new zone to the Cosmos Hub, zones allow for future-compatibility with new blockchain innovations. The supply won’t be limited as the project plans to introduce a yearly inflatory model.”

Cosmos Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the exchanges listed above.

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