Cosmos Price Tops $2.45 on Major Exchanges (ATOM)

Cosmos (ATOM) traded up 1.1% against the US dollar during the 1 day period ending at 9:00 AM Eastern on January 8th. Cosmos has a total market capitalization of $1.20 billion and approximately $82.52 million worth of Cosmos was traded on exchanges in the last day. During the last seven days, Cosmos has traded up 25.3% against the US dollar. One Cosmos coin can now be bought for approximately $2.45 or 0.00002731 BTC on major exchanges.

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

• Cronos (CRO) traded 6.3% lower against the dollar and now trades at $0.0997 or 0.00000111 BTC.
• Avalanche (AVAX) traded down 4.4% against the dollar and now trades at $13.75 or 0.00015294 BTC.
• Hedera (HBAR) traded down 5% against the dollar and now trades at $0.12 or 0.00000132 BTC.
• NEAR Protocol (NEAR) traded 4.9% lower against the dollar and now trades at $1.67 or 0.00001856 BTC.
• Internet Computer (ICP) traded down 5.9% against the dollar and now trades at $3.10 or 0.00003453 BTC.
• Algorand (ALGO) traded down 5.4% against the dollar and now trades at $0.13 or 0.00000146 BTC.
• Fetch.ai (FET) traded down 5.2% against the dollar and now trades at $0.27 or 0.00000300 BTC.
• Theta Fuel (TFUEL) traded 1% higher against the dollar and now trades at $0.0197 or 0.00000022 BTC.
• PayProtocol Paycoin (PCI) traded 0.9% lower against the dollar and now trades at $0.0691 or 0.00000077 BTC.
• Akash Network (AKT) traded 8.3% lower against the dollar and now trades at $0.40 or 0.00000450 BTC.

Cosmos Profile

ATOM uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 486,806,100 coins. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. Cosmos’ official message board is blog.cosmos.network.

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 buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to acquire Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView