Circulating supply: 1 151 620 300 $
Max supply: 0 $
Cmc rank: 12
Volume 24h: 192 582 500 $
Percent change 1h: 1,4 %
Percent change 24h: -1,5 %
Percent Change 7d: 5 %
Circulating supply: 286 370 300 $
Max supply: 0 $
Cmc rank: 20
Volume 24h: 163 030 880 $
Percent change 1h: 0,97 %
Percent change 24h: -2,9 %
Percent Change 7d: 3,6 %
DOT vs ATOM Comparison
DOT is the official crypto for Polkadot, a platform aiming to facilitate platform interoperability for Web3 projects. Another similar project that’s oftentimes considered Polkadot’s main competition is called Cosmos, and its native token is ATOM. Let's look at both projects and make a detailed DOT vs ATOM comparison.
Polkadot is the project of the Web3 Foundation, a foundation from Switzerland aiming to make Web3 more user-friendly and functional. The three founders behind the project are Robert Habermeier, Dr. Gavin Wood, and Peter Czaban, who launched the project in 2020 when the official cryptocurrency also kicked off.
DOT owners can take part in the platform’s governance and stake it to generate long-term passive income. Apart from that, the tokens also serve for parachain bonding, a process unique to Polkadot.
Cosmos was created with an idea to create a blockchain ecosystem, helping different chains communicate with each other. It can help you quickly build and connect blockchains that will become part of its ecosystem. It was also created by a foundation from Switzerland called Interchain Foundation (ICF).
Apart from trading ATOM, you can also use it for staking on Cosmos, which will help you generate passive income, just like staking DOT to Polkadot. However, the two staking processes are slightly different, which we recommend learning more about if you decide to stake.
Polkadot vs Cosmos: Which Is Preferable?
Let’s take a look at some of the major advantages and disadvantages of Polkadot vs Cosmos and their respective coins DOT vs ATOM to decide which one is worth buying.
Here are some of the major pros for Polkadot:
- There’s an increasing development activity on the network.
- It has managed to score some of the important partnerships in the industry, such as Celer and Ocean.
- It’s more scalable compared to other similar projects.
- It allows blockchain interoperability, which is its main focus.
Some of the disadvantages to be aware of are:
- Polkadot has to compete with many general-purpose blockchains.
- Its security was compromised twice, with hackers stealing millions of dollars.
Now, let’s explore the strengths and weaknesses of Cosmos (ATOM):
- Some of the major blockchains and dApps integrated with Cosmos, demonstrating its interoperability.
- There are plans to make the platform even more flexible.
- Creating blockchains with Cosmos is simple and secure.
- It is a great opportunity for a passive income.
- It can process more than 10,000 transactions per second.
No blockchain project is perfect, and Cosmos is no exception. Here are some of the issues it’s facing:
- Serious competition in several spheres;
- Low adoption rates for some of its latest features, such as Inter-Blockchain Communication (IBC);
- Regulatory concerns as unfavorable regulations might affect its price.
Even though Cosmos offers a slightly better service, Polkadot is older, and adoption is better. However, it’s difficult to say with certainty if DOT or ATOM is a better investment option at the moment, as both projects are still considered relatively young and with much room for improvement.
A Quick Review of DOT vs ATOM Live Price
Both DOT and ATOM had ups and downs in prices, much like any other cryptocurrency. The prices of both digital coins skyrocketed in 2021, but whether it will remain as high remains to be seen.
DOT has been tracked since its inception in 2020, and the highest price it has reached so far was $55 per unit in November 2021.
ATOM has been traded actively since 2019, but it really took off in 2021. The all-time high was reached on September 20, 2021, when a single ATOM was $44.70.
Since the live price is changing all the time, make sure to use our platform to check the latest price when conducting a DOT to ATOM exchange.
To Sum Up: DOT vs ATOM
Even though the competition in the blockchain space is getting fiercer every year, no two projects are as direct competitors as Polkadot versus Cosmos. In the end, one of the two will prevail, so you need to choose wisely which one to buy. Then again, there’s no guarantee that either will have long-term success, so the best strategy would definitely be to diversify your portfolio as much as possible and obtain both cryptos.