Osmosis (OSMO) Hits Market Cap of $301.24 Million

Osmosis (OSMO) traded 0% lower against the dollar during the 1 day period ending at 22:00 PM ET on August 26th. One Osmosis coin can now be purchased for approximately $0.44 or 0.00000703 BTC on major exchanges. During the last seven days, Osmosis has traded 13.8% higher against the dollar. Osmosis has a total market capitalization of $301.24 million and $10.19 million worth of Osmosis was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 2.3% against the dollar and now trades at $0.0606 or 0.00000096 BTC.
• P2P Solutions foundation (P2PS) traded down 2% against the dollar and now trades at $154.11 or 0.00244165 BTC.

Osmosis Profile

Osmosis launched on February 19th, 2021. Osmosis’ total supply is 997,939,101 coins and its circulating supply is 679,355,512 coins. Osmosis’ official Twitter account is @osmosiszone and its Facebook page is accessible here. Osmosis’ official website is osmosis.zone.

According to CryptoCompare, “Osmosis (OSMO) is a governance token for the Osmosis network, an automated market maker (AMM) protocol launched in 2021 by Sunny Aggarwal and Dev Ojha. Osmosis uses the Cosmos SDK and Inter-Blockchain Communication (IBC) for cross-chain transactions. It allows users to create customizable liquidity pools and adjust parameters based on market conditions. OSMO token holders can vote on upgrades, allocate mining rewards, and set swap fees. The network’s suite of DAO-gated dApps and continuous development aim to create a full-service, cross-chain exchange and DeFi hub.”

Osmosis Coin Trading

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

OSMO/USD price chart by TradingView