Cosmos Trading Up 6.9% Over Last 7 Days (ATOM)

Cosmos (ATOM) traded 2.7% higher against the US dollar during the 24 hour period ending at 9:00 AM E.T. on February 13th. Cosmos has a total market capitalization of $992.22 million and $51.47 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can currently be purchased for approximately $2.01 or 0.00002992 BTC on major cryptocurrency exchanges. Over the last week, Cosmos has traded up 6.9% against the US dollar.

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

• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0769 or 0.00000114 BTC.
• Hedera (HBAR) traded down 1.9% against the dollar and now trades at $0.0935 or 0.00000139 BTC.
• Avalanche (AVAX) traded 0.3% lower against the dollar and now trades at $8.91 or 0.00013236 BTC.
• Internet Computer (ICP) traded 5.1% lower against the dollar and now trades at $2.29 or 0.00003408 BTC.
• NEAR Protocol (NEAR) traded up 3.5% against the dollar and now trades at $0.99 or 0.00001469 BTC.
• Algorand (ALGO) traded 0.1% higher against the dollar and now trades at $0.0915 or 0.00000136 BTC.
• Fetch.ai (FET) traded 1% higher against the dollar and now trades at $0.16 or 0.00000238 BTC.
• PayProtocol Paycoin (PCI) traded down 1.2% against the dollar and now trades at $0.0597 or 0.00000089 BTC.
• Theta Fuel (TFUEL) traded 0.1% higher against the dollar and now trades at $0.0148 or 0.00000022 BTC.
• Akash Network (AKT) traded up 0.3% against the dollar and now trades at $0.32 or 0.00000473 BTC.

About Cosmos

Cosmos uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 492,825,660 coins. Cosmos’ official message board is blog.cosmos.network. 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 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 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 Gemini, GDAX or Changelly. 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