The cost of '1 atom,' specifically referring to the ATOM cryptocurrency token that powers the Cosmos blockchain, is currently $6.61 USD.
It's important to clarify that when discussing the cost of "1 atom" in the context of financial markets and the provided data, we are referring to the digital asset known as ATOM, not a physical atom, which is a fundamental particle of matter. The ATOM token is central to the Cosmos ecosystem, enabling functions such as network security through staking, governance participation, and transaction fee payments.
Current Market Insights for Cosmos (ATOM)
The value of the ATOM token is dynamic, fluctuating based on market supply and demand. As of recent data, its performance against the U.S. Dollar has seen a positive trend.
Here's a snapshot of the current market data for Cosmos (ATOM):
| Metric | Value |
|---|---|
| Current Price (1 ATOM) | $6.61 USD |
| 24-Hour Price Change | +3.65% |
| Current Market Capitalization | $2.58 Billion |
For the most up-to-date information and to understand its trading activity, you can refer to reputable cryptocurrency exchange platforms like Kraken.
What is the ATOM Token?
The ATOM token is the native cryptocurrency of the Cosmos blockchain, often called the "Internet of Blockchains." Cosmos aims to solve some of the most challenging problems facing the blockchain industry, particularly scalability and interoperability. ATOM holders can:
- Stake their tokens to help secure the network and earn rewards.
- Participate in governance by voting on important proposals that shape the future direction of the Cosmos ecosystem.
- Pay transaction fees within the Cosmos Hub, the central blockchain of the Cosmos network.
Understanding the utility of ATOM within its ecosystem helps to explain its market value. The price reflects its role in securing and governing a rapidly expanding network of interconnected blockchains.
