Osmosis (OSMO) Trading Down 4.4% Over Last Week

Osmosis (OSMO) traded up 0.9% against the U.S. dollar during the 1-day period ending at 10:00 AM E.T. on January 28th. One Osmosis coin can currently be purchased for $0.0507 or 0.00000056 BTC on major exchanges. In the last week, Osmosis has traded down 4.4% against the U.S. dollar. Osmosis has a market cap of $38.59 million and $2.06 million worth of Osmosis was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in 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 down 2.2% 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 1.8% higher against the dollar and now trades at $89,166.37 or 0.99030528 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.5% against the dollar and now trades at $88,748.55 or 0.99468544 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Osmosis Coin Profile

Osmosis was first traded on June 18th, 2021. Osmosis’ total supply is 984,984,700 coins and its circulating supply is 760,582,140 coins. Osmosis’ official message board is forum.osmosis.zone. The Reddit community for Osmosis is https://reddit.com/r/osmosislab and the currency’s Github account can be viewed here. Osmosis’ official Twitter account is @osmosis and its Facebook page is accessible here. Osmosis’ official website 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.”

Buying and Selling Osmosis

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

OSMO/USD price chart by TradingView