Cosmos Achieves Market Cap of $1.92 Billion (ATOM)

Cosmos (ATOM) traded 6% lower against the U.S. dollar during the twenty-four hour period ending at 19:00 PM ET on August 11th. One Cosmos coin can now be purchased for $4.91 or 0.00008335 BTC on cryptocurrency exchanges. Cosmos has a market cap of $1.92 billion and $80.59 million worth of Cosmos was traded on exchanges in the last day. During the last seven days, Cosmos has traded down 3.9% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 5.1% against the dollar and now trades at $20.51 or 0.00034847 BTC.
• NEAR Protocol (NEAR) traded down 7.6% against the dollar and now trades at $3.87 or 0.00006582 BTC.
• Internet Computer (ICP) traded down 7.4% against the dollar and now trades at $6.85 or 0.00011634 BTC.
• Cronos (CRO) traded down 6.3% against the dollar and now trades at $0.0883 or 0.00000150 BTC.
• Hedera (HBAR) traded down 5.5% against the dollar and now trades at $0.0528 or 0.00000090 BTC.
• Algorand (ALGO) traded down 4.9% against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Fetch.ai (FET) traded down 9.2% against the dollar and now trades at $0.82 or 0.00001395 BTC.
• Akash Network (AKT) traded 5.3% lower against the dollar and now trades at $2.60 or 0.00004416 BTC.
• Theta Fuel (TFUEL) traded down 7.2% against the dollar and now trades at $0.0544 or 0.00000092 BTC.
• Kava (KAVA) traded 7.1% lower against the dollar and now trades at $0.31 or 0.00000532 BTC.

About Cosmos

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 390,930,671 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. The official message board for Cosmos 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.

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.”

Cosmos Coin Trading

It is usually not 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView