Osmosis (OSMO) Reaches Market Cap of $382.24 Million

Osmosis (OSMO) traded 0.3% lower against the US dollar during the twenty-four hour period ending at 15:00 PM E.T. on October 16th. During the last week, Osmosis has traded up 10% against the US dollar. Osmosis has a total market capitalization of $382.24 million and $11.35 million worth of Osmosis was traded on exchanges in the last day. One Osmosis coin can now be bought for about $0.56 or 0.00000819 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 8.2% higher against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 0.9% higher against the dollar and now trades at $169.33 or 0.00249687 BTC.

Osmosis Coin Profile

Osmosis’ launch date was February 19th, 2021. Osmosis’ total supply is 997,880,428 coins and its circulating supply is 688,484,732 coins. Osmosis’ official website is osmosis.zone. Osmosis’ official Twitter account is @osmosiszone and its Facebook page is accessible here.

According to CryptoCompare, “Osmosis (OSMO) is a governance token for the Osmosis network, an automated market maker (AMM) protocol launched in 2021 by Sunny Aggarwal and Dev Ojha. Osmosis uses the Cosmos SDK and Inter-Blockchain Communication (IBC) for cross-chain transactions. It allows users to create customizable liquidity pools and adjust parameters based on market conditions. OSMO token holders can vote on upgrades, allocate mining rewards, and set swap fees. The network’s suite of DAO-gated dApps and continuous development aim to create a full-service, cross-chain exchange and DeFi hub.”

Osmosis Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Osmosis directly using US dollars. Investors seeking to acquire Osmosis should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Osmosis using one of the exchanges listed above.

OSMO/USD price chart by TradingView