Cosmos (ATOM) Price Hits $1.38 on Top Exchanges

Cosmos (ATOM) traded down 0.9% against the US dollar during the 1-day period ending at 9:00 AM ET on July 27th. Over the last seven days, Cosmos has traded down 6.9% against the US dollar. One Cosmos coin can now be purchased for about $1.38 or 0.00002118 BTC on major cryptocurrency exchanges. Cosmos has a market cap of $718.16 million and approximately $18.10 million worth of Cosmos was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.0570 or 0.00000088 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.0694 or 0.00000107 BTC.
• Avalanche (AVAX) traded down 0.3% against the dollar and now trades at $6.66 or 0.00010248 BTC.
• NEAR Protocol (NEAR) traded up 2.3% against the dollar and now trades at $1.83 or 0.00002815 BTC.
• Internet Computer (ICP) traded 1.1% higher against the dollar and now trades at $2.18 or 0.00003359 BTC.
• Algorand (ALGO) traded 2.2% lower against the dollar and now trades at $0.0828 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.6% lower against the dollar and now trades at $0.16 or 0.00000239 BTC.
• Akash Network (AKT) traded down 3.4% against the dollar and now trades at $0.46 or 0.00000705 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% lower against the dollar and now trades at $0.0360 or 0.00000055 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0078 or 0.00000012 BTC.

About Cosmos

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 521,433,367 coins. The official website for Cosmos is cosmos.network. 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 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. 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView