Cosmos (ATOM) Market Cap Reaches $754.22 Million

Cosmos (ATOM) traded down 1.1% against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on July 23rd. One Cosmos coin can currently be purchased for about $1.45 or 0.00002227 BTC on major cryptocurrency exchanges. Cosmos has a market capitalization of $754.22 million and approximately $24.19 million worth of Cosmos was traded on exchanges in the last day. Over the last week, Cosmos has traded 5.1% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• Cronos (CRO) traded down 0.2% against the dollar and now trades at $0.0577 or 0.00000089 BTC.
• Hedera (HBAR) traded 2% higher against the dollar and now trades at $0.0722 or 0.00000111 BTC.
• Avalanche (AVAX) traded down 0.4% against the dollar and now trades at $6.48 or 0.00009961 BTC.
• NEAR Protocol (NEAR) traded 0.4% lower against the dollar and now trades at $1.88 or 0.00002884 BTC.
• Internet Computer (ICP) traded down 0.3% against the dollar and now trades at $2.17 or 0.00003342 BTC.
• Algorand (ALGO) traded down 1% against the dollar and now trades at $0.0825 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.9% lower against the dollar and now trades at $0.15 or 0.00000235 BTC.
• Akash Network (AKT) traded 2.5% lower against the dollar and now trades at $0.53 or 0.00000809 BTC.
• PayProtocol Paycoin (PCI) traded 0.4% higher against the dollar and now trades at $0.0380 or 0.00000058 BTC.
• Theta Fuel (TFUEL) traded down 1.1% against the dollar and now trades at $0.0079 or 0.00000012 BTC.

About Cosmos

ATOM uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 520,709,460 coins. The official website for Cosmos is cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView