Cosmos Hits Market Cap of $881.38 Million (ATOM)

Cosmos (ATOM) traded down 4.4% against the dollar during the 1-day period ending at 9:00 AM Eastern on June 5th. Over the last seven days, Cosmos has traded 13.6% lower against the dollar. One Cosmos coin can currently be bought for approximately $1.72 or 0.00002765 BTC on major exchanges. 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.

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

Get Cosmos alerts:

• 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 down 13.9% against the dollar and now trades at $2.06 or 0.00003307 BTC.
• Internet Computer (ICP) traded down 10.4% against the dollar and now trades at $2.41 or 0.00003877 BTC.
• Algorand (ALGO) traded down 9.1% 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 8.1% lower 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 Profile

Cosmos uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 512,283,095 coins. Cosmos’ official message board is blog.cosmos.network. The official website for Cosmos is 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.

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 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the exchanges listed above.

Receive News & Updates for Cosmos Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Cosmos and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.