Cosmos (ATOM) Market Capitalization Tops $1.06 Billion

Cosmos (ATOM) traded up 1% against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on May 24th. One Cosmos coin can now be bought for approximately $2.07 or 0.00002702 BTC on cryptocurrency exchanges. Cosmos has a market capitalization of $1.06 billion and approximately $36.81 million worth of Cosmos was traded on exchanges in the last 24 hours. Over the last week, Cosmos has traded up 0.4% against the US dollar.

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

• Cronos (CRO) traded up 0.4% against the dollar and now trades at $0.0692 or 0.00000090 BTC.
• Avalanche (AVAX) traded 2.9% higher against the dollar and now trades at $9.26 or 0.00012076 BTC.
• Hedera (HBAR) traded up 2.2% against the dollar and now trades at $0.0887 or 0.00000116 BTC.
• NEAR Protocol (NEAR) traded 13.9% higher against the dollar and now trades at $2.40 or 0.00003134 BTC.
• Internet Computer (ICP) traded up 2.2% against the dollar and now trades at $2.56 or 0.00003344 BTC.
• Algorand (ALGO) traded up 0.7% against the dollar and now trades at $0.11 or 0.00000146 BTC.
• Fetch.ai (FET) traded 4.6% higher against the dollar and now trades at $0.21 or 0.00000272 BTC.
• Akash Network (AKT) traded 10.3% higher against the dollar and now trades at $0.83 or 0.00001084 BTC.
• PayProtocol Paycoin (PCI) traded 0.6% higher against the dollar and now trades at $0.0490 or 0.00000064 BTC.
• Theta Fuel (TFUEL) traded up 1% against the dollar and now trades at $0.0107 or 0.00000014 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 510,034,036 coins. The official message board for Cosmos 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. The official website for Cosmos 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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

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

ATOM/USD price chart by TradingView