Osmosis (OSMO) Achieves Market Capitalization of $342.50 Million

Osmosis (OSMO) traded 1.3% higher against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on January 5th. Over the last week, Osmosis has traded up 6.7% against the US dollar. One Osmosis coin can currently be bought for approximately $0.49 or 0.00000496 BTC on major cryptocurrency exchanges. Osmosis has a total market cap of $342.50 million and approximately $9.18 million worth of Osmosis was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• SolvBTC (SOLVBTC) traded up 0.2% against the dollar and now trades at $97,798.77 or 0.99652299 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0% higher against the dollar and now trades at $96,910.91 or 0.98747613 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Osmosis Coin Profile

Osmosis launched on February 19th, 2021. Osmosis’ total supply is 997,685,637 coins and its circulating supply is 703,279,253 coins. Osmosis’ official Twitter account is @osmosiszone and its Facebook page is accessible here. The official website for Osmosis is osmosis.zone.

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 U.S. dollars. Investors seeking to acquire Osmosis should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Osmosis using one of the aforementioned exchanges.

OSMO/USD price chart by TradingView