Cosmos Reaches Market Cap of $901.09 Million (ATOM)

Cosmos (ATOM) traded 3.8% lower against the US dollar during the 24-hour period ending at 9:00 AM ET on October 3rd. Cosmos has a total market capitalization of $901.09 million and approximately $38.69 million worth of Cosmos was traded on exchanges in the last 24 hours. During the last seven days, Cosmos has traded down 7.7% against the US dollar. One Cosmos coin can now be purchased for about $1.69 or 0.00001990 BTC on major cryptocurrency exchanges.

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

• Cronos (CRO) traded 5.7% lower against the dollar and now trades at $0.0658 or 0.00000078 BTC.
• NEAR Protocol (NEAR) traded down 5.3% against the dollar and now trades at $4.67 or 0.00005505 BTC.
• Avalanche (AVAX) traded down 1.3% against the dollar and now trades at $11.07 or 0.00013042 BTC.
• Hedera (HBAR) traded 4.6% lower against the dollar and now trades at $0.10 or 0.00000120 BTC.
• Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $3.29 or 0.00003875 BTC.
• Algorand (ALGO) traded down 0.2% against the dollar and now trades at $0.13 or 0.00000153 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $0.22 or 0.00000265 BTC.
• Akash Network (AKT) traded 2.7% lower against the dollar and now trades at $0.66 or 0.00000773 BTC.
• Theta Fuel (TFUEL) traded 2.5% lower against the dollar and now trades at $0.0103 or 0.00000012 BTC.
• Kava (KAVA) traded down 0.9% against the dollar and now trades at $0.0684 or 0.00000081 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 533,708,475 coins. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. The official website for Cosmos is cosmos.network. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible 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”

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 Gemini, Coinbase 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