Cosmos (ATOM) Market Cap Achieves $809.92 Million

Cosmos (ATOM) traded down 4.3% against the dollar during the one day period ending at 10:00 AM Eastern on April 2nd. One Cosmos coin can currently be purchased for $1.62 or 0.00002443 BTC on major exchanges. Cosmos has a market capitalization of $809.92 million and approximately $48.00 million worth of Cosmos was traded on exchanges in the last day. In the last week, Cosmos has traded 5.8% lower against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Cronos (CRO) traded down 2.6% against the dollar and now trades at $0.0690 or 0.00000104 BTC.
• Avalanche (AVAX) traded down 5.5% against the dollar and now trades at $8.66 or 0.00013093 BTC.
• Hedera (HBAR) traded 4.8% lower against the dollar and now trades at $0.0855 or 0.00000129 BTC.
• NEAR Protocol (NEAR) traded down 5.2% against the dollar and now trades at $1.15 or 0.00001732 BTC.
• Internet Computer (ICP) traded 5% lower against the dollar and now trades at $2.21 or 0.00003336 BTC.
• Algorand (ALGO) traded down 1.3% against the dollar and now trades at $0.10 or 0.00000157 BTC.
• Fetch.ai (FET) traded down 7.9% against the dollar and now trades at $0.22 or 0.00000339 BTC.
• Akash Network (AKT) traded 10.2% lower against the dollar and now trades at $0.45 or 0.00000682 BTC.
• PayProtocol Paycoin (PCI) traded 2.9% lower against the dollar and now trades at $0.0427 or 0.00000065 BTC.
• Theta Fuel (TFUEL) traded 7.5% lower against the dollar and now trades at $0.0106 or 0.00000016 BTC.

Cosmos Profile

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 500,995,100 coins. Cosmos’ official website is cosmos.network. Cosmos’ official message board is blog.cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here.

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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

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

ATOM/USD price chart by TradingView