Cosmos Price Hits $1.48 on Exchanges (ATOM)

Cosmos (ATOM) traded 1.3% higher against the dollar during the 24 hour period ending at 9:00 AM ET on August 16th. Cosmos has a total market cap of $779.40 million and $18.03 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can currently be purchased for $1.48 or 0.00002356 BTC on exchanges. During the last seven days, Cosmos has traded up 7.9% against the dollar.

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

• Cronos (CRO) traded 1% lower against the dollar and now trades at $0.0477 or 0.00000076 BTC.
• Hedera (HBAR) traded 0.9% lower against the dollar and now trades at $0.0651 or 0.00000103 BTC.
• Avalanche (AVAX) traded down 2.9% against the dollar and now trades at $6.38 or 0.00010125 BTC.
• NEAR Protocol (NEAR) traded down 0.7% against the dollar and now trades at $1.62 or 0.00002578 BTC.
• Internet Computer (ICP) traded 0.2% higher against the dollar and now trades at $2.26 or 0.00003589 BTC.
• Algorand (ALGO) traded down 1.1% against the dollar and now trades at $0.0789 or 0.00000125 BTC.
• Fetch.ai (FET) traded 6.7% lower against the dollar and now trades at $0.12 or 0.00000195 BTC.
• Akash Network (AKT) traded down 1.8% against the dollar and now trades at $0.53 or 0.00000834 BTC.
• PayProtocol Paycoin (PCI) traded down 0.2% against the dollar and now trades at $0.0355 or 0.00000056 BTC.
• Theta Fuel (TFUEL) traded 0.1% higher against the dollar and now trades at $0.0072 or 0.00000011 BTC.

Cosmos Profile

Cosmos uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 525,069,509 coins. 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. The official website for Cosmos is cosmos.network. 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”

Cosmos Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView