Cosmos Price Hits $2.04 on Top Exchanges (ATOM)

Cosmos (ATOM) traded up 0.5% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on December 27th. One Cosmos coin can now be bought for approximately $2.04 or 0.00002337 BTC on cryptocurrency exchanges. Cosmos has a market capitalization of $989.80 million and approximately $37.23 million worth of Cosmos was traded on exchanges in the last day. During the last seven days, Cosmos has traded 3.8% higher against the US dollar.

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

• Cronos (CRO) traded 1% lower against the dollar and now trades at $0.0922 or 0.00000106 BTC.
• Avalanche (AVAX) traded up 0.1% against the dollar and now trades at $12.48 or 0.00014281 BTC.
• Hedera (HBAR) traded down 1.4% against the dollar and now trades at $0.11 or 0.00000128 BTC.
• NEAR Protocol (NEAR) traded up 0.2% against the dollar and now trades at $1.53 or 0.00001751 BTC.
• Internet Computer (ICP) traded up 0.5% against the dollar and now trades at $3.06 or 0.00003497 BTC.
• Algorand (ALGO) traded 0.9% lower against the dollar and now trades at $0.12 or 0.00000134 BTC.
• Fetch.ai (FET) traded up 0.2% against the dollar and now trades at $0.21 or 0.00000242 BTC.
• PayProtocol Paycoin (PCI) traded 0% lower against the dollar and now trades at $0.0683 or 0.00000078 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0176 or 0.00000020 BTC.
• Akash Network (AKT) traded down 0% against the dollar and now trades at $0.37 or 0.00000423 BTC.

About Cosmos

Cosmos uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 484,802,900 coins. The official website for Cosmos is cosmos.network. The official message board for Cosmos 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, “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.”

Cosmos Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX 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