Cosmos (ATOM) Price Reaches $2.19 on Top Exchanges

Cosmos (ATOM) traded 3% lower against the dollar during the 1 day period ending at 9:00 AM ET on December 11th. Over the last week, Cosmos has traded 7.3% lower against the dollar. One Cosmos coin can currently be bought for $2.19 or 0.00002422 BTC on popular cryptocurrency exchanges. Cosmos has a market cap of $1.05 billion and approximately $83.17 million worth of Cosmos was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded down 3% against the dollar and now trades at $0.10 or 0.00000113 BTC.
• Avalanche (AVAX) traded down 7% against the dollar and now trades at $13.29 or 0.00014716 BTC.
• Hedera (HBAR) traded down 5.1% against the dollar and now trades at $0.13 or 0.00000143 BTC.
• NEAR Protocol (NEAR) traded down 4.6% against the dollar and now trades at $1.67 or 0.00001846 BTC.
• Internet Computer (ICP) traded down 3.6% against the dollar and now trades at $3.35 or 0.00003712 BTC.
• Algorand (ALGO) traded 4.8% lower against the dollar and now trades at $0.13 or 0.00000144 BTC.
• Fetch.ai (FET) traded 6.4% lower against the dollar and now trades at $0.24 or 0.00000267 BTC.
• Theta Fuel (TFUEL) traded 2.2% lower against the dollar and now trades at $0.0211 or 0.00000023 BTC.
• PayProtocol Paycoin (PCI) traded up 4.9% against the dollar and now trades at $0.0708 or 0.00000078 BTC.
• Akash Network (AKT) traded 2.3% lower against the dollar and now trades at $0.43 or 0.00000476 BTC.

Cosmos Coin Profile

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 482,149,800 coins. Cosmos’ official website is cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible 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 presently 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView