Cosmos Price Down 1.8% This Week (ATOM)

Cosmos (ATOM) traded down 3% against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on February 9th. One Cosmos coin can currently be purchased for approximately $1.92 or 0.00002790 BTC on major cryptocurrency exchanges. Cosmos has a market cap of $943.03 million and $48.48 million worth of Cosmos was traded on exchanges in the last 24 hours. During the last week, Cosmos has traded 1.8% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded down 3.8% against the dollar and now trades at $0.0774 or 0.00000113 BTC.
• Hedera (HBAR) traded down 5.3% against the dollar and now trades at $0.0890 or 0.00000130 BTC.
• Avalanche (AVAX) traded 5.2% lower against the dollar and now trades at $8.76 or 0.00012753 BTC.
• Internet Computer (ICP) traded down 4.8% against the dollar and now trades at $2.35 or 0.00003423 BTC.
• NEAR Protocol (NEAR) traded 6.4% lower against the dollar and now trades at $0.99 or 0.00001443 BTC.
• Algorand (ALGO) traded 4.7% lower against the dollar and now trades at $0.0941 or 0.00000137 BTC.
• Fetch.ai (FET) traded down 6% against the dollar and now trades at $0.16 or 0.00000228 BTC.
• PayProtocol Paycoin (PCI) traded up 0.9% against the dollar and now trades at $0.0598 or 0.00000087 BTC.
• Theta Fuel (TFUEL) traded down 4.6% against the dollar and now trades at $0.0144 or 0.00000021 BTC.
• Akash Network (AKT) traded 5.4% lower against the dollar and now trades at $0.30 or 0.00000443 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 492,159,740 coins. Cosmos’ official website is cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. Cosmos’ official message board 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView