Cosmos (ATOM) Market Capitalization Tops $3.88 Billion

Cosmos (ATOM) traded up 6.6% against the US dollar during the 24 hour period ending at 17:00 PM E.T. on January 25th. Cosmos has a market capitalization of $3.88 billion and $243.04 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for approximately $13.56 or 0.00057519 BTC on exchanges. During the last week, Cosmos has traded 15.9% higher against the US dollar.

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

  • Avalanche (AVAX) traded up 2.2% against the dollar and now trades at $18.03 or 0.00076490 BTC.
  • NEAR Protocol (NEAR) traded 4.1% higher against the dollar and now trades at $2.54 or 0.00010768 BTC.
  • Cronos (CRO) traded up 1.6% against the dollar and now trades at $0.0828 or 0.00000351 BTC.
  • Algorand (ALGO) traded 0.7% higher against the dollar and now trades at $0.25 or 0.00001048 BTC.
  • Hedera (HBAR) traded 7.6% higher against the dollar and now trades at $0.0691 or 0.00000293 BTC.
  • Internet Computer (ICP) traded 4.8% higher against the dollar and now trades at $5.87 or 0.00024900 BTC.
  • PayProtocol Paycoin (PCI) traded up 3.2% against the dollar and now trades at $0.19 or 0.00000822 BTC.
  • Kava (KAVA) traded down 8.3% against the dollar and now trades at $1.01 or 0.00004303 BTC.
  • Theta Fuel (TFUEL) traded 0.9% lower against the dollar and now trades at $0.0470 or 0.00000199 BTC.
  • Moonbeam (GLMR) traded up 3.9% against the dollar and now trades at $0.48 or 0.00002026 BTC.

About Cosmos

Cosmos uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 311,198,867 coins and its circulating supply is 286,370,297 coins. Cosmos’ official message board 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. 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.”

Buying and Selling Cosmos

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

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