Cosmos (ATOM) Market Capitalization Tops $742.94 Million

Cosmos (ATOM) traded 0.3% lower against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on August 12th. Cosmos has a total market cap of $742.94 million and $22.09 million worth of Cosmos was traded on exchanges in the last 24 hours. During the last week, Cosmos has traded up 5.1% against the U.S. dollar. One Cosmos coin can now be bought for about $1.42 or 0.00002213 BTC on major cryptocurrency exchanges.

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

• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.0470 or 0.00000073 BTC.
• Hedera (HBAR) traded up 0.1% against the dollar and now trades at $0.0666 or 0.00000104 BTC.
• Avalanche (AVAX) traded down 1% against the dollar and now trades at $6.41 or 0.00010006 BTC.
• NEAR Protocol (NEAR) traded up 4.1% against the dollar and now trades at $1.65 or 0.00002580 BTC.
• Internet Computer (ICP) traded 2.4% lower against the dollar and now trades at $2.24 or 0.00003500 BTC.
• Algorand (ALGO) traded down 2.7% against the dollar and now trades at $0.0804 or 0.00000126 BTC.
• Fetch.ai (FET) traded up 0.8% against the dollar and now trades at $0.14 or 0.00000212 BTC.
• Akash Network (AKT) traded 5.3% higher against the dollar and now trades at $0.52 or 0.00000818 BTC.
• PayProtocol Paycoin (PCI) traded 2.6% lower against the dollar and now trades at $0.0360 or 0.00000056 BTC.
• Theta Fuel (TFUEL) traded up 0.7% against the dollar and now trades at $0.0073 or 0.00000011 BTC.

About Cosmos

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 524,340,731 coins. Cosmos’ official message board is blog.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. Cosmos’ official website 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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

It is usually not presently 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, Coinbase or Gemini. 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