Table of content

Cosmos Token (ATOM): Everything you Wanted to Know as a Beginner before Investing!

Cosmos (ATOM) is one of the top 25 most popular cryptocurrencies currently. In terms of market cap, it is currently the 25th largest digital currency (over US$7.86 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through Cosmos, how it works, and many more.

What Is Cosmos Coin (ATOM)? How does it Work?

Cosmos (described as Blockchain 3.0) aims to solve the “hardest problems” of the blockchain industry. It offers an ecosystem of connected blockchains for overcoming “slow, expensive, unscalable and environmentally harmful” proof of work protocols. 

The Cosmos project offers a modular framework, thereby demystifying decentralized applications (DApps). This makes blockchain technology less complex and difficult for developers. Cosmos also comes with an Interblockchain Communication protocol that prevents fragmentation in the industry by making blockchain technology less complex and difficult for developers. 

Jae Kwon, Zarko Milosevic, and Ethan Buchman co-founded the gateway to the Cosmos ecosystem, Tendermint in 2014. The white paper for Cosmos (ATOM) was published in 2016. A token sale or ICO (Initial Coin Offering) was held in 2017.

It is a hybrid proof of stake algorithm that enables you to earn ATOM tokens, which in turn helps in securing the flagship blockchain of the project, Cosmos Hub. In the governance of the Cosmos network, Cosmos cryptocurrency has a role. 

Cosmos (ATOM): Facts & Figures

All these facts and figures (as of Oct 25, 2021) will help you to make a decision on investing in Cosmos. Before making ATOM token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Cosmos ATOM Price: US$34.97 (Current Coin Prices)
  • Trading Volume (24h volume): US$474,459,777
  • All-Time High (ATH) Price: US$44.70 (reached on Sep 20, 2021)
  • All Time Low (ATL) Price: US$1.13 (reached on Mar 13, 2020)
  • 24h Low: US$33.52
  • 7d Low: US$31.16
  • YTD (Year-To-Date) Return: 492.66% YTD (Year-To-Date)
  • Market Cap: US$7,869,461,564 (US$7.87 billion)
  • Crypto Rank (in terms of market cap): 25th in the crypto market
  • Fully Diluted Market Cap: US$9,836,476,795
  • Max Supply: ---
  • Total Supply: 281,251,021
  • Circulating Supply: 223,466,417.67 ATOM

These are the facts that made Cosmos a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins. 

How Is the Cosmos Network Secured?

Cosmos network is secured through the use of a proof of stake algorithm. The validator nodes that stake a larger quantity of ATOM coins have a higher probability of getting chosen for verifying transactions and earning rewards. If any node is found to have acted in a dishonest manner, it would get penalized by the network. In fact, the dishonest nodes also have the chance to lose the ATOM tokens they put up for staking. 

Where can you Buy Cosmos Tokens?

You can buy Cosmos coins in almost all reputed cryptocurrency exchanges including:

  1. Binance, 
  2. Coinbase 
  3. OKEx, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of FIL are:

  • ATOM/USDT
  • ATOM/USD
  • ATOM/BTC, and many more.

Before investing, check out historical data of token Cosmos, crypto news, Cosmos price charts, price performance, market updates, ATOM to USD exchange rate, and others.

What are the Best Crypto Wallets to Store Cosmos Tokens?

The best Cosmos wallets to store Cosmos coins are:

  1. Ledger Nano S Wallet
  2. Lunie Wallet
  3. Trust Wallet
  4. Guarda Wallet
  5. Cosmostation Wallet
  6. Wetez Wallet
  7. imToken Wallet

Invest in Cosmos and Other Cryptocurrencies

You can buy and sell Cosmos and other virtual currencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Cosmos markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as ATOM, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 

NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading crypto-assets at reduced financial barriers and no human error.