ATOM/USD is a way of expressing the value of the cryptocurrency ATOM against the US dollar. ATOM is the native cryptocurrency of the Cosmos Hub, a project that aims to solve many of the issues surrounding cryptocurrency scalability and blockchain technology. Most notably, Cosmos has positioned itself as the “internet of blockchains,” with a stated goal of helping disparate blockchains communicate better with each other. While it’s not the only project hoping to foster better interoperability within blockchain projects, Cosmos does distinguish itself in several ways. It offers several solutions to cryptocurrency scalability issues, and it is focused on being developer-friendly by removing much of the complication around building decentralized applications (dApps) on blockchains. Since its launch, Cosmos has quickly become one of the most popular cryptocurrency projects, with ATOM coin reaching a multibillion-dollar market cap. Ready to trade ATOM Coin to USD? Find all you need to buy and sell the cryptocurrency against the dollar (which can also be expressed in various ways including ATOM to USD and ATOM-USD) here on eToroX.
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The earliest iteration of Cosmos was launched by developers Jae Kwon and Ethan Buchman back in 2014. Developed in partnership with the ICF (the Interchain Foundation), Cosmos had its ICO (Initial Coin Offering) for ATOM in 2017. Since then, it has had major upgrades to help Cosmos achieve its goals. As mentioned earlier, Cosmos is all about creating interoperability among blockchain projects. The fragmentation of the blockchain movement has long been cited as an issue holding back its potential, so projects like Cosmos aim to fix that. Cosmos is unique as, in a sense, it doesn’t focus solely on its own blockchain but on making others work better together. Indeed, it’s better to say that Cosmos is a network of blockchains rather than a standalone blockchain project. Its goal is to facilitate a crypto eco-system, linking together various crypto projects. It is positioned as developer-friendly, offering the opportunity for numerous crypto projects to be built on the Cosmos framework. The success and scale of those projects help drive the value of the ATOM coin.
Investors buying and trading ATOM often do so for several reasons. Most notably, the token is sought by those who believe that more and more developers will use Cosmos to launch their projects. As mentioned, Cosmos is a network that connects blockchains, and this is important for investors to keep in mind when trading ATOM-USD. At the time of writing, there are around 286 million ATOM coins in circulation. Information on the max supply is not available. When it first launched in 2017 (Cosmos held private sales and a public ICO), the ATOM USD price was $0.10. But it soared in the years after, reaching an all-time high (as of May 2022) of $44.60 in September 2021. As with many cryptocurrencies, the first half of 2022 was not an outstanding period for the ATOM-USD price, but the token still retains a value well above its all-time lows and ranks well, within the top 30 cryptocurrencies at this time, by trading volume.
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