Cosmos (ATOM) Trading 0.9% Higher Over Last Week

Cosmos (ATOM) traded 1% lower against the U.S. dollar during the 24 hour period ending at 8:00 AM ET on December 31st. One Cosmos coin can currently be purchased for $1.96 or 0.00002205 BTC on popular exchanges. Cosmos has a market cap of $949.30 million and approximately $39.89 million worth of Cosmos was traded on exchanges in the last day. In the last week, Cosmos has traded up 0.9% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.0915 or 0.00000103 BTC.
• Avalanche (AVAX) traded up 0.3% against the dollar and now trades at $12.53 or 0.00014120 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.11 or 0.00000123 BTC.
• NEAR Protocol (NEAR) traded down 1.7% against the dollar and now trades at $1.51 or 0.00001701 BTC.
• Internet Computer (ICP) traded down 4.2% against the dollar and now trades at $2.80 or 0.00003151 BTC.
• Algorand (ALGO) traded 3.5% lower against the dollar and now trades at $0.11 or 0.00000126 BTC.
• Fetch.ai (FET) traded down 0.8% against the dollar and now trades at $0.21 or 0.00000233 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% lower against the dollar and now trades at $0.0682 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded up 0.2% against the dollar and now trades at $0.0177 or 0.00000020 BTC.
• Akash Network (AKT) traded down 1.9% against the dollar and now trades at $0.37 or 0.00000414 BTC.

Cosmos Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 485,303,500 coins. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. 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.

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 presently possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. 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