Cosmos (ATOM) Market Cap Achieves $881.38 Million

Cosmos (ATOM) traded down 4.4% against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on June 5th. Cosmos has a total market cap of $881.38 million and $38.75 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can now be bought for about $1.72 or 0.00002765 BTC on popular exchanges. Over the last week, Cosmos has traded down 13.6% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Cronos (CRO) traded 2.4% lower against the dollar and now trades at $0.0594 or 0.00000095 BTC.
• Hedera (HBAR) traded 3.1% lower against the dollar and now trades at $0.0825 or 0.00000133 BTC.
• Avalanche (AVAX) traded 7.3% lower against the dollar and now trades at $7.19 or 0.00011552 BTC.
• NEAR Protocol (NEAR) traded 13.9% lower against the dollar and now trades at $2.06 or 0.00003307 BTC.
• Internet Computer (ICP) traded 10.4% lower against the dollar and now trades at $2.41 or 0.00003877 BTC.
• Algorand (ALGO) traded 9.1% lower against the dollar and now trades at $0.0929 or 0.00000149 BTC.
• Fetch.ai (FET) traded down 9.7% against the dollar and now trades at $0.20 or 0.00000325 BTC.
• Akash Network (AKT) traded down 8.1% against the dollar and now trades at $0.59 or 0.00000955 BTC.
• PayProtocol Paycoin (PCI) traded down 3.2% against the dollar and now trades at $0.0403 or 0.00000065 BTC.
• Theta Fuel (TFUEL) traded down 5.4% against the dollar and now trades at $0.0087 or 0.00000014 BTC.

Cosmos Coin Profile

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 512,283,095 coins. 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. Cosmos’ official message board 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”

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 trade Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView