Cosmos (ATOM) Trading 5.3% Lower This Week

Cosmos (ATOM) traded down 0.3% against the dollar during the 1-day period ending at 9:00 AM E.T. on July 19th. Over the last week, Cosmos has traded down 5.3% against the dollar. One Cosmos coin can currently be bought for about $1.49 or 0.00002310 BTC on exchanges. Cosmos has a total market capitalization of $773.42 million and $19.64 million worth of Cosmos was traded on exchanges in the last day.

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

• Cronos (CRO) traded down 3.1% against the dollar and now trades at $0.0591 or 0.00000092 BTC.
• Hedera (HBAR) traded 0.2% higher against the dollar and now trades at $0.0666 or 0.00000103 BTC.
• Avalanche (AVAX) traded 2.1% lower against the dollar and now trades at $6.42 or 0.00009966 BTC.
• NEAR Protocol (NEAR) traded up 0.4% against the dollar and now trades at $1.92 or 0.00002987 BTC.
• Internet Computer (ICP) traded up 0.4% against the dollar and now trades at $2.15 or 0.00003346 BTC.
• Algorand (ALGO) traded 0.1% lower against the dollar and now trades at $0.0820 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $0.16 or 0.00000244 BTC.
• Akash Network (AKT) traded 1.7% higher against the dollar and now trades at $0.54 or 0.00000839 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% higher against the dollar and now trades at $0.0378 or 0.00000059 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.0079 or 0.00000012 BTC.

Cosmos Coin Profile

ATOM uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 519,988,431 coins. Cosmos’ official website is cosmos.network. The official message board for Cosmos is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. 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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Cosmos Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to trade Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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