Current ATOM Price Overview
The current live price of Cosmos (ATOM) is $4.01 per ATOM/USD. Its market capitalization stands at $1.57 billion, with a 24-hour trading volume of approximately $169,256. The ATOM to USD price is updated in real-time to reflect the latest market movements. Over the past day, Cosmos has recorded a positive change of +0.37%, while its seven-day performance shows an increase of +0.5%. The circulating supply currently amounts to 390,934,204 ATOM.
Historical ATOM Price Performance
Understanding historical price trends helps investors gauge potential future movements. Below is a summary of ATOM’s recent performance across different time frames:
- Last 7 Days: Increased by $0.02, representing a gain of 0.5%
- Last 30 Days: Decreased by $0.329, reflecting a loss of 7.57%
- Last 60 Days: Fell by $0.238, equivalent to a decline of 5.59%
- Last 90 Days: Dropped by $0.327, marking a decrease of 7.53%
- Last 1 Year: Declined by $2.48, resulting in a loss of 38.25%
These figures highlight both short-term recoveries and longer-term challenges for the ATOM token.
What Is Cosmos (ATOM)?
Cosmos (ATOM) is a prominent cryptocurrency designed to enable interoperability between different blockchain networks. Often referred to as the "Internet of Blockchains," Cosmos aims to create an ecosystem where various distributed ledgers can communicate and transact with one another seamlessly.
The platform utilizes a proof-of-stake consensus mechanism and offers scalability, usability, and sovereignty for developers and users. The total supply of ATOM is 281,768,507, with a circulating supply of approximately 223,983,904 tokens. It is traded on more than 185 active markets, with a daily trading volume often exceeding $800 million.
Cosmos continues to evolve through community governance and technological upgrades, making it a significant project within the decentralized finance (DeFi) and Web3 landscapes.
How to Purchase Cosmos (ATOM)
Interested in buying ATOM? You can purchase Cosmos using major fiat currencies like USD or EUR on several reliable cryptocurrency exchanges. The process typically involves creating an account, completing identity verification, depositing funds, and executing a buy order for ATOM.
It’s important to choose a platform that offers security, liquidity, and user-friendly features. 👉 Explore secure trading platforms
Always remember to transfer your purchased ATOM to a non-custodial hardware or software wallet for enhanced security.
Factors Influencing Cosmos Price
Several variables can impact the price of ATOM. These include:
- Market Sentiment: General trends in the cryptocurrency market often affect altcoins like ATOM.
- Network Upgrades: Technological improvements and protocol enhancements can attract positive attention.
- Adoption Rate: Increased usage of the Cosmos network for decentralized applications can drive demand.
- Regulatory News: Government policies regarding cryptocurrencies may cause price volatility.
- Macroeconomic Conditions: Inflation, interest rates, and global economic events also play a role.
Staking and Earning with ATOM
ATOM holders can participate in staking to earn rewards while contributing to network security. By delegating tokens to validators, users help maintain the consensus mechanism and receive inflationary ATOM rewards in return. Staking also enables holders to participate in governance voting, influencing the future direction of the Cosmos ecosystem.
Frequently Asked Questions
What is the main purpose of Cosmos (ATOM)?
Cosmos aims to solve scalability and interoperability issues in the blockchain space. It allows independent blockchains to communicate, share data, and conduct transactions without relying on a central server.
Is ATOM a good long-term investment?
While ATOM has technological strengths and a clear use case, all cryptocurrency investments carry risk. Market conditions, adoption rates, and competition can influence its long-term value. Always conduct thorough research and consider your risk tolerance.
How can I securely store ATOM tokens?
You can use official Cosmos wallets, supported hardware wallets, or reputable software wallets with strong security features. Avoid storing large amounts on exchanges for extended periods.
Can I stake ATOM without technical knowledge?
Yes. Many user-friendly platforms and wallets offer simplified staking services. You can delegate your ATOM to a validator and start earning rewards without managing node infrastructure.
What is the inflation rate of ATOM?
The inflation rate of Cosmos varies based on network activity and staking participation. It is dynamically adjusted through governance and is typically between 7% and 20% annually.
Where can I learn more about Cosmos technology?
The official Cosmos website and community forums provide extensive documentation and updates. 👉 Access educational blockchain resources
Note: Cryptocurrency markets are highly volatile. Prices can change rapidly, and past performance is not indicative of future results. Always perform your own due diligence and consider consulting a financial advisor before making investment decisions. This content is for informational purposes only and does not constitute financial advice.