Cosmos (ATOM) Reaches 24-Hour Volume of $27.24 Million

Cosmos (ATOM) traded 3.9% lower against the US dollar during the twenty-four hour period ending at 9:00 AM E.T. on July 31st. Over the last week, Cosmos has traded down 11% against the US dollar. One Cosmos coin can currently be purchased for approximately $1.24 or 0.00001944 BTC on exchanges. Cosmos has a total market cap of $645.91 million and $27.24 million worth of Cosmos was traded on exchanges in the last day.

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

• Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.0548 or 0.00000086 BTC.
• Hedera (HBAR) traded down 0.3% against the dollar and now trades at $0.0680 or 0.00000107 BTC.
• Avalanche (AVAX) traded down 0.4% against the dollar and now trades at $6.43 or 0.00010111 BTC.
• NEAR Protocol (NEAR) traded up 1% against the dollar and now trades at $1.66 or 0.00002609 BTC.
• Internet Computer (ICP) traded 0.6% lower against the dollar and now trades at $2.06 or 0.00003234 BTC.
• Algorand (ALGO) traded up 1% against the dollar and now trades at $0.0786 or 0.00000124 BTC.
• Fetch.ai (FET) traded 2% higher against the dollar and now trades at $0.14 or 0.00000223 BTC.
• Akash Network (AKT) traded 2.4% lower against the dollar and now trades at $0.44 or 0.00000685 BTC.
• PayProtocol Paycoin (PCI) traded down 2% against the dollar and now trades at $0.0348 or 0.00000055 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.0072 or 0.00000011 BTC.

About Cosmos

ATOM uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 522,160,124 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. 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 message board is blog.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 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, Changelly or Gemini. 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