Cosmos Achieves Market Capitalization of $1.97 Billion (ATOM)

Cosmos (ATOM) traded down 3% against the dollar during the twenty-four hour period ending at 13:00 PM Eastern on August 11th. Cosmos has a market cap of $1.97 billion and approximately $76.00 million worth of Cosmos was traded on exchanges in the last day. In the last week, Cosmos has traded up 3.2% against the dollar. One Cosmos coin can currently be purchased for about $5.04 or 0.00008369 BTC on exchanges.

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

• Avalanche (AVAX) traded down 2.4% against the dollar and now trades at $21.21 or 0.00035253 BTC.
• NEAR Protocol (NEAR) traded 5% lower against the dollar and now trades at $3.95 or 0.00006563 BTC.
• Internet Computer (ICP) traded down 3.9% against the dollar and now trades at $7.05 or 0.00011723 BTC.
• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.0903 or 0.00000150 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0547 or 0.00000091 BTC.
• Algorand (ALGO) traded 1.3% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Fetch.ai (FET) traded up 2.8% against the dollar and now trades at $0.86 or 0.00001435 BTC.
• Akash Network (AKT) traded 0.1% lower against the dollar and now trades at $2.68 or 0.00004456 BTC.
• Theta Fuel (TFUEL) traded down 3.5% against the dollar and now trades at $0.0565 or 0.00000094 BTC.
• Kava (KAVA) traded 1.6% lower against the dollar and now trades at $0.33 or 0.00000545 BTC.

About Cosmos

ATOM uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 390,930,671 coins. 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. The official message board for Cosmos is blog.cosmos.network. The official website for Cosmos 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 Changelly, GDAX or Coinbase. 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