Cosmos Reaches Market Capitalization of $1.38 Billion (ATOM)

Cosmos (ATOM) traded 3.1% lower against the US dollar during the 24 hour period ending at 8:00 AM E.T. on November 9th. During the last seven days, Cosmos has traded 4.3% lower against the US dollar. Cosmos has a market capitalization of $1.38 billion and $115.91 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be bought for $2.90 or 0.00002830 BTC on major exchanges.

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

• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.13 or 0.00000123 BTC.
• Avalanche (AVAX) traded down 1.1% against the dollar and now trades at $17.37 or 0.00016960 BTC.
• Hedera (HBAR) traded down 2.1% against the dollar and now trades at $0.17 or 0.00000167 BTC.
• Internet Computer (ICP) traded 18.4% lower against the dollar and now trades at $7.13 or 0.00006965 BTC.
• NEAR Protocol (NEAR) traded down 7.2% against the dollar and now trades at $2.72 or 0.00002655 BTC.
• Algorand (ALGO) traded 1.7% lower against the dollar and now trades at $0.18 or 0.00000171 BTC.
• Fetch.ai (FET) traded down 17.2% against the dollar and now trades at $0.32 or 0.00000310 BTC.
• Kava (KAVA) traded up 31.9% against the dollar and now trades at $0.17 or 0.00000165 BTC.
• Akash Network (AKT) traded down 2.5% against the dollar and now trades at $0.64 or 0.00000621 BTC.
• Theta Fuel (TFUEL) traded down 2.5% against the dollar and now trades at $0.0233 or 0.00000023 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 477,009,280 coins. Cosmos’ official message board is blog.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 website is 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.”

Buying and Selling Cosmos

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 Changelly, Coinbase or Gemini. 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