Cosmos Trading Up 2.9% Over Last 7 Days (ATOM)

Cosmos (ATOM) traded up 3.2% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on September 5th. In the last week, Cosmos has traded up 2.9% against the US dollar. Cosmos has a market cap of $820.74 million and approximately $20.41 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can now be purchased for about $1.55 or 0.00001946 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.0565 or 0.00000071 BTC.
• Hedera (HBAR) traded 5% higher against the dollar and now trades at $0.0814 or 0.00000102 BTC.
• Avalanche (AVAX) traded up 2.3% against the dollar and now trades at $7.55 or 0.00009459 BTC.
• NEAR Protocol (NEAR) traded up 13.7% against the dollar and now trades at $2.22 or 0.00002787 BTC.
• Internet Computer (ICP) traded up 5.9% against the dollar and now trades at $2.62 or 0.00003286 BTC.
• Algorand (ALGO) traded up 5.8% against the dollar and now trades at $0.0965 or 0.00000121 BTC.
• Fetch.ai (FET) traded up 8.9% against the dollar and now trades at $0.17 or 0.00000210 BTC.
• Akash Network (AKT) traded up 4.4% against the dollar and now trades at $0.53 or 0.00000668 BTC.
• Theta Fuel (TFUEL) traded up 4.1% against the dollar and now trades at $0.0095 or 0.00000012 BTC.
• PayProtocol Paycoin (PCI) traded 1.3% lower against the dollar and now trades at $0.0365 or 0.00000046 BTC.

Cosmos Profile

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 528,734,411 coins. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos 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 currently possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView