Cosmos Market Cap Hits $1.96 Billion (ATOM)

Cosmos (ATOM) traded 6.2% lower against the US dollar during the 24 hour period ending at 7:00 AM E.T. on September 22nd. One Cosmos coin can now be purchased for about $4.17 or 0.00003697 BTC on popular cryptocurrency exchanges. Cosmos has a total market cap of $1.96 billion and approximately $171.02 million worth of Cosmos was traded on exchanges in the last day. Over the last seven days, Cosmos has traded 7.6% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Cronos (CRO) traded down 11.4% against the dollar and now trades at $0.20 or 0.00000177 BTC.
• Avalanche (AVAX) traded down 5.7% against the dollar and now trades at $31.41 or 0.00027822 BTC.
• Hedera (HBAR) traded 8.5% lower against the dollar and now trades at $0.22 or 0.00000192 BTC.
• NEAR Protocol (NEAR) traded 6.8% lower against the dollar and now trades at $2.89 or 0.00002564 BTC.
• Internet Computer (ICP) traded down 7.8% against the dollar and now trades at $4.36 or 0.00003864 BTC.
• Algorand (ALGO) traded down 8.3% against the dollar and now trades at $0.21 or 0.00000189 BTC.
• Fetch.ai (FET) traded 7.7% lower against the dollar and now trades at $0.59 or 0.00000521 BTC.
• Kava (KAVA) traded 1.3% lower against the dollar and now trades at $0.33 or 0.00000288 BTC.
• Akash Network (AKT) traded down 6.8% against the dollar and now trades at $1.04 or 0.00000925 BTC.
• Theta Fuel (TFUEL) traded down 5.7% against the dollar and now trades at $0.0321 or 0.00000028 BTC.

About Cosmos

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 469,559,460 coins. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed 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.”

Buying and Selling Cosmos

It is usually not presently possible to buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to acquire Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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