Cosmos (ATOM) Hits Market Capitalization of $967.78 Million

Cosmos (ATOM) traded 4.2% lower against the dollar during the 24-hour period ending at 9:00 AM E.T. on February 5th. One Cosmos coin can currently be purchased for $1.97 or 0.00002797 BTC on major exchanges. In the last week, Cosmos has traded down 8.9% against the dollar. Cosmos has a market capitalization of $967.78 million and approximately $92.41 million worth of Cosmos was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded down 7.9% against the dollar and now trades at $0.0768 or 0.00000109 BTC.
• Avalanche (AVAX) traded 7% lower against the dollar and now trades at $9.31 or 0.00013216 BTC.
• Hedera (HBAR) traded down 7% against the dollar and now trades at $0.0861 or 0.00000122 BTC.
• Internet Computer (ICP) traded 7.7% lower against the dollar and now trades at $2.50 or 0.00003555 BTC.
• NEAR Protocol (NEAR) traded 6.4% lower against the dollar and now trades at $1.11 or 0.00001573 BTC.
• Algorand (ALGO) traded down 8% against the dollar and now trades at $0.0980 or 0.00000139 BTC.
• Fetch.ai (FET) traded down 8.3% against the dollar and now trades at $0.17 or 0.00000239 BTC.
• PayProtocol Paycoin (PCI) traded down 6.2% against the dollar and now trades at $0.0604 or 0.00000086 BTC.
• Theta Fuel (TFUEL) traded down 7.2% against the dollar and now trades at $0.0146 or 0.00000021 BTC.
• Akash Network (AKT) traded 14.7% lower against the dollar and now trades at $0.31 or 0.00000443 BTC.

Cosmos Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 491,490,430 coins. 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. 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 presently possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView