Cosmos 24 Hour Volume Reaches $57.67 Million (ATOM)

Cosmos (ATOM) traded 0.9% lower against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on May 4th. In the last week, Cosmos has traded 5.9% lower against the U.S. dollar. Cosmos has a market capitalization of $946.89 million and $57.67 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for about $1.87 or 0.00002372 BTC on popular exchanges.

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

• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.0682 or 0.00000087 BTC.
• Avalanche (AVAX) traded up 0.6% against the dollar and now trades at $9.11 or 0.00011564 BTC.
• Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0880 or 0.00000112 BTC.
• NEAR Protocol (NEAR) traded down 1.6% against the dollar and now trades at $1.25 or 0.00001588 BTC.
• Internet Computer (ICP) traded 0.6% higher against the dollar and now trades at $2.36 or 0.00002996 BTC.
• Algorand (ALGO) traded 1.9% lower against the dollar and now trades at $0.11 or 0.00000143 BTC.
• Fetch.ai (FET) traded down 2.9% against the dollar and now trades at $0.20 or 0.00000258 BTC.
• Akash Network (AKT) traded 6.5% lower against the dollar and now trades at $0.61 or 0.00000774 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% lower against the dollar and now trades at $0.0505 or 0.00000064 BTC.
• Theta Fuel (TFUEL) traded 1.9% lower against the dollar and now trades at $0.0113 or 0.00000014 BTC.

Cosmos Profile

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 506,527,078 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official message board for Cosmos 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. Cosmos’ official website is 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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

It is usually not presently possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to acquire Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView