![]() However, the price of ATOM kept moving between $2 and $8 for the most part of 20, ending the latter at $6.5.ĪTOM coin’s next noteworthy price action came in February 2021, soon after the Stargate upgrade. ATOM price quickly rallied upwards after the Cosmos Hub went live, and breached the $7 resistance in June 2019. ATOM priceĪs can be seen in our ATOM live price chart, the coin’s price remained well under a dollar since its ICO in 2017 till around the Cosmos Hub launch in early 2019. ![]() Some well-known projects built using the Cosmos infrastructure include, Terra, Binance Chain, Athea, Bytom, OKC or OKX Chain and Polygon. The Cosmos ecosystem comprises over 265 apps and services, with more than $50 billion worth of digital assets under management. As a result, the platform is extensively used in domains like social networks, gaming, NFTs (Non-Fungible Tokens), DeFi (Decentralized Finance), marketplaces and DAOs (Decentralized Autonomous Organizations). Using Cosmos, developers are able to build absolutely autonomous app-specific blockchains which can easily connect with each other. It is a blockchain that interconnects all blockchains running on Cosmos through IBC (Inter-Blockchain Communication) protocol and is secured by ATOM, its native token. The Cosmos Hub, a name often used interchangeably with the Cosmos network, is the economic center of Cosmos. The token sale garnered $16.8 million in funding within 30 minutes. ![]() While the Cosmos whitepaper was released in 2016, its native cryptocurrency ATOM was released in 2017 via the most successful blockchain-based fundraiser of its time. ![]() Today, Cosmos development is supported by a Swiss non-profit foundation called Interchain Foundation (ICF), and it is widely recognized as a continuously expanding network of interconnected and decentralized blockchains. The Cosmos (ATOM) network was launched by Jae Kwon and Ethan Buchman in 2017 with the aim to solve scalability, interoperability and usability issues faced by conventional blockchains. ![]()
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