Osmosis Hits Market Cap of $492.56 Million (OSMO)

Osmosis (OSMO) traded 17% higher against the US dollar during the 1 day period ending at 10:00 AM Eastern on December 4th. One Osmosis coin can currently be purchased for about $0.71 or 0.00000733 BTC on major cryptocurrency exchanges. During the last week, Osmosis has traded 22.9% higher against the US dollar. Osmosis has a market capitalization of $492.56 million and approximately $33.14 million worth of Osmosis was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 2.2% against the dollar and now trades at $95,787.02 or 0.99438302 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.6% higher against the dollar and now trades at $95,638.52 or 0.99284141 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Osmosis Coin Profile

Osmosis’ launch date was February 19th, 2021. Osmosis’ total supply is 997,762,209 coins and its circulating supply is 697,434,504 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.”

Buying and Selling Osmosis

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

OSMO/USD price chart by TradingView