Cosmos (ATOM) Market Cap Hits $806.67 Million

Cosmos (ATOM) traded 0.5% lower against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on June 29th. Cosmos has a total market cap of $806.67 million and approximately $28.45 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be bought for about $1.56 or 0.00002601 BTC on popular exchanges. Over the last week, Cosmos has traded down 14.6% against the U.S. dollar.

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

• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.0540 or 0.00000090 BTC.
• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.0713 or 0.00000119 BTC.
• Avalanche (AVAX) traded up 4.5% against the dollar and now trades at $6.58 or 0.00010946 BTC.
• NEAR Protocol (NEAR) traded up 0% against the dollar and now trades at $1.85 or 0.00003083 BTC.
• Internet Computer (ICP) traded 1.8% higher against the dollar and now trades at $2.18 or 0.00003626 BTC.
• Algorand (ALGO) traded 1.4% higher against the dollar and now trades at $0.0873 or 0.00000145 BTC.
• Fetch.ai (FET) traded up 4.1% against the dollar and now trades at $0.18 or 0.00000297 BTC.
• Akash Network (AKT) traded 3.9% higher against the dollar and now trades at $0.67 or 0.00001121 BTC.
• PayProtocol Paycoin (PCI) traded up 0.1% against the dollar and now trades at $0.0373 or 0.00000062 BTC.
• Theta Fuel (TFUEL) traded 1.6% lower against the dollar and now trades at $0.0078 or 0.00000013 BTC.

Cosmos Profile

Cosmos uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 516,052,884 coins. 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 message board for Cosmos is blog.cosmos.network. 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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Cosmos Coin Trading

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

ATOM/USD price chart by TradingView