Cosmos (ATOM) Trading Down 0.6% Over Last 7 Days

Cosmos (ATOM) traded 1.9% lower against the dollar during the twenty-four hour period ending at 9:00 AM ET on January 16th. In the last week, Cosmos has traded 0.6% lower against the dollar. One Cosmos coin can currently be bought for about $2.48 or 0.00002595 BTC on exchanges. Cosmos has a total market cap of $1.21 billion and approximately $51.62 million worth of Cosmos was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.10 or 0.00000106 BTC.
• Avalanche (AVAX) traded down 4% against the dollar and now trades at $13.78 or 0.00014435 BTC.
• Hedera (HBAR) traded down 4.1% against the dollar and now trades at $0.12 or 0.00000122 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $4.22 or 0.00004422 BTC.
• NEAR Protocol (NEAR) traded 4.7% lower against the dollar and now trades at $1.72 or 0.00001796 BTC.
• Algorand (ALGO) traded 5.6% lower against the dollar and now trades at $0.13 or 0.00000133 BTC.
• Fetch.ai (FET) traded down 3.9% against the dollar and now trades at $0.28 or 0.00000289 BTC.
• Theta Fuel (TFUEL) traded 1.3% lower against the dollar and now trades at $0.0195 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded down 0.7% against the dollar and now trades at $0.0713 or 0.00000075 BTC.
• Akash Network (AKT) traded down 1.9% against the dollar and now trades at $0.47 or 0.00000496 BTC.

About Cosmos

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 488,139,780 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. The official message board for Cosmos is blog.cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here.

According to CryptoCompare, “Cosmos is a network of many independent blockchains, called zones. The zones are powered by Tendermint Core, which provides a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behaviour of malicious actors. Tendermint Core’s BFT consensus algorithm is well suited for scaling public proof-of-stake blockchains.The first zone on Cosmos is called the Cosmos Hub. The Cosmos Hub is a multi-asset proof-of-stake cryptocurrency with a simple governance mechanism which enables the network to adapt and upgrade. In addition, the Cosmos Hub can be extended by connecting other zones. The hub and zones of the Cosmos network communicate with each other via an inter-blockchain communication (IBC) protocol, a kind of virtual UDP or TCP for blockchains. Tokens can be transferred from one zone to another securely and quickly without the need for exchange liquidity between zones. Instead, all inter-zone token transfers go through the Cosmos Hub, which keeps track of the total amount of tokens held by each zone. The hub isolates each zone from the failure of other zones. Because anyone can connect a new zone to the Cosmos Hub, zones allow for future-compatibility with new blockchain innovations. The supply won’t be limited as the project plans to introduce a yearly inflatory model.”

Buying and Selling Cosmos

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

ATOM/USD price chart by TradingView