Cosmos (ATOM) Market Cap Reaches $754.22 Million

Cosmos (ATOM) traded 1.1% lower against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on July 23rd. Cosmos has a market cap of $754.22 million and approximately $24.19 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can now be bought for approximately $1.45 or 0.00002227 BTC on popular cryptocurrency exchanges. Over the last week, Cosmos has traded 5.1% lower against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Cronos (CRO) traded down 0.2% against the dollar and now trades at $0.0577 or 0.00000089 BTC.
• Hedera (HBAR) traded 2% higher against the dollar and now trades at $0.0722 or 0.00000111 BTC.
• Avalanche (AVAX) traded 0.4% lower against the dollar and now trades at $6.48 or 0.00009961 BTC.
• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $1.88 or 0.00002884 BTC.
• Internet Computer (ICP) traded down 0.3% against the dollar and now trades at $2.17 or 0.00003342 BTC.
• Algorand (ALGO) traded 1% lower against the dollar and now trades at $0.0825 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.9% lower against the dollar and now trades at $0.15 or 0.00000235 BTC.
• Akash Network (AKT) traded down 2.5% against the dollar and now trades at $0.53 or 0.00000809 BTC.
• PayProtocol Paycoin (PCI) traded up 0.4% against the dollar and now trades at $0.0380 or 0.00000058 BTC.
• Theta Fuel (TFUEL) traded 1.1% lower against the dollar and now trades at $0.0079 or 0.00000012 BTC.

About Cosmos

Cosmos uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 520,709,460 coins. Cosmos’ official website is cosmos.network. Cosmos’ official message board is blog.cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. 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”

Buying and Selling Cosmos

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

ATOM/USD price chart by TradingView