Cosmos (ATOM) Market Cap Achieves $1.87 Billion

Cosmos (ATOM) traded up 6% against the US dollar during the one day period ending at 10:00 AM E.T. on March 22nd. One Cosmos coin can now be bought for approximately $4.78 or 0.00005685 BTC on major exchanges. Cosmos has a market capitalization of $1.87 billion and approximately $112.76 million worth of Cosmos was traded on exchanges in the last day. Over the last week, Cosmos has traded 4.8% higher against the US dollar.

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

• Avalanche (AVAX) traded 4.9% higher against the dollar and now trades at $19.39 or 0.00023041 BTC.
• Hedera (HBAR) traded 0.3% lower against the dollar and now trades at $0.18 or 0.00000218 BTC.
• NEAR Protocol (NEAR) traded 1.4% higher against the dollar and now trades at $2.75 or 0.00003262 BTC.
• Internet Computer (ICP) traded up 1.3% against the dollar and now trades at $5.74 or 0.00006817 BTC.
• Cronos (CRO) traded up 4.3% against the dollar and now trades at $0.0807 or 0.00000096 BTC.
• Algorand (ALGO) traded 0.1% higher against the dollar and now trades at $0.19 or 0.00000224 BTC.
• Fetch.ai (FET) traded down 0.6% against the dollar and now trades at $0.51 or 0.00000602 BTC.
• Kava (KAVA) traded 0.2% higher against the dollar and now trades at $0.54 or 0.00000646 BTC.
• Akash Network (AKT) traded up 7% against the dollar and now trades at $1.26 or 0.00001501 BTC.
• Theta Fuel (TFUEL) traded 1.5% higher against the dollar and now trades at $0.0387 or 0.00000046 BTC.

About Cosmos

Cosmos (ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 390,934,204 coins. Cosmos’ official website is 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 message board is blog.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 possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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