Cosmos (ATOM) Price Tops $8.48 on Exchanges

Cosmos (ATOM) traded 0.2% higher against the US dollar during the 24-hour period ending at 10:00 AM E.T. on May 25th. One Cosmos coin can now be bought for about $8.48 or 0.00012255 BTC on cryptocurrency exchanges. During the last week, Cosmos has traded 1.7% lower against the US dollar. Cosmos has a total market cap of $3.31 billion and $83.18 million worth of Cosmos was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 1% against the dollar and now trades at $38.10 or 0.00055074 BTC.
• NEAR Protocol (NEAR) traded up 5.5% against the dollar and now trades at $8.11 or 0.00011726 BTC.
• Internet Computer (ICP) traded 0.9% higher against the dollar and now trades at $12.30 or 0.00017783 BTC.
• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.11 or 0.00000157 BTC.
• Cronos (CRO) traded 0.6% higher against the dollar and now trades at $0.12 or 0.00000175 BTC.
• Fetch.ai (FET) traded 0.7% higher against the dollar and now trades at $2.32 or 0.00003346 BTC.
• Algorand (ALGO) traded up 4.8% against the dollar and now trades at $0.19 or 0.00000277 BTC.
• Akash Network (AKT) traded 1.2% higher against the dollar and now trades at $5.28 or 0.00007627 BTC.
• Kava (KAVA) traded up 2.8% against the dollar and now trades at $0.68 or 0.00000988 BTC.
• Theta Fuel (TFUEL) traded 2.7% higher against the dollar and now trades at $0.11 or 0.00000153 BTC.

Cosmos Profile

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 390,930,671 coins. The official website for Cosmos is cosmos.network. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here.

According to CryptoCompare, “ATOM is the native cryptocurrency of the Cosmos Network. It is used to pay for transaction and network fees, as well as for staking to secure the network and earning rewards. ATOM tokens are used to create incentives and rewards for validators and delegators, allowing them to earn rewards for participating in consensus and safeguarding the network. ATOM tokens are also used to vote on governance proposals, allowing users to have a say in the direction of the network.”

Buying and Selling Cosmos

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

ATOM/USD price chart by TradingView