Cosmos Market Cap Achieves $792.40 Million (ATOM)

Cosmos (ATOM) traded 0.5% lower against the U.S. dollar during the 1-day period ending at 9:00 AM ET on August 28th. One Cosmos coin can currently be bought for approximately $1.50 or 0.00001896 BTC on cryptocurrency exchanges. In the last week, Cosmos has traded 3.7% lower against the U.S. dollar. Cosmos has a market capitalization of $792.40 million and approximately $33.03 million worth of Cosmos was traded on exchanges in the last day.

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

• Cronos (CRO) traded 4% lower against the dollar and now trades at $0.0587 or 0.00000074 BTC.
• Hedera (HBAR) traded down 1.4% against the dollar and now trades at $0.0774 or 0.00000098 BTC.
• Avalanche (AVAX) traded 0.7% lower against the dollar and now trades at $7.39 or 0.00009322 BTC.
• NEAR Protocol (NEAR) traded 2.8% lower against the dollar and now trades at $1.86 or 0.00002344 BTC.
• Internet Computer (ICP) traded 1.2% lower against the dollar and now trades at $2.40 or 0.00003031 BTC.
• Algorand (ALGO) traded down 2.4% against the dollar and now trades at $0.0885 or 0.00000112 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $0.16 or 0.00000203 BTC.
• Akash Network (AKT) traded down 4.2% against the dollar and now trades at $0.53 or 0.00000670 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% lower against the dollar and now trades at $0.0393 or 0.00000049 BTC.
• Theta Fuel (TFUEL) traded 2.9% higher against the dollar and now trades at $0.0093 or 0.00000012 BTC.

Cosmos Coin Profile

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 527,266,269 coins. 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. 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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