Cosmos (ATOM) Reaches Market Cap of $1.89 Billion

Cosmos (ATOM) traded 6.4% higher against the dollar during the 24 hour period ending at 22:00 PM Eastern on August 5th. One Cosmos coin can currently be purchased for approximately $4.83 or 0.00008672 BTC on exchanges. In the last week, Cosmos has traded down 21.4% against the dollar. Cosmos has a total market capitalization of $1.89 billion and $261.17 million worth of Cosmos was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded up 6.8% against the dollar and now trades at $20.55 or 0.00036914 BTC.
• NEAR Protocol (NEAR) traded 0.9% lower against the dollar and now trades at $3.69 or 0.00006626 BTC.
• Internet Computer (ICP) traded up 6.1% against the dollar and now trades at $7.33 or 0.00013170 BTC.
• Cronos (CRO) traded 3.3% higher against the dollar and now trades at $0.0768 or 0.00000138 BTC.
• Hedera (HBAR) traded up 7.8% against the dollar and now trades at $0.0544 or 0.00000098 BTC.
• Algorand (ALGO) traded up 10.2% against the dollar and now trades at $0.11 or 0.00000205 BTC.
• Fetch.ai (FET) traded 2.7% lower against the dollar and now trades at $0.83 or 0.00001493 BTC.
• Akash Network (AKT) traded 2% higher against the dollar and now trades at $2.10 or 0.00003833 BTC.
• Theta Fuel (TFUEL) traded 10.5% higher against the dollar and now trades at $0.0526 or 0.00000094 BTC.
• Kava (KAVA) traded 4.6% higher against the dollar and now trades at $0.29 or 0.00000528 BTC.

About Cosmos

Cosmos uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 390,930,671 coins. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official website is cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here.

According to CryptoCompare, “ATOM is the native cryptocurrency of the Cosmos Network. It is used to pay for transaction and network fees, as well as for staking to secure the network and earning rewards. ATOM tokens are used to create incentives and rewards for validators and delegators, allowing them to earn rewards for participating in consensus and safeguarding the network. ATOM tokens are also used to vote on governance proposals, allowing users to have a say in the direction of the network.”

Cosmos Coin Trading

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

ATOM/USD price chart by TradingView