Cosmos Price Hits $1.62 on Major Exchanges (ATOM)

Cosmos (ATOM) traded 1.3% lower against the dollar during the 1-day period ending at 9:00 AM Eastern on June 25th. Over the last seven days, Cosmos has traded 11.9% lower against the dollar. One Cosmos coin can now be bought for $1.62 or 0.00002639 BTC on major cryptocurrency exchanges. Cosmos has a market capitalization of $833.18 million and approximately $38.62 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 0.7% lower against the dollar and now trades at $0.0558 or 0.00000091 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0739 or 0.00000121 BTC.
• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $6.36 or 0.00010394 BTC.
• NEAR Protocol (NEAR) traded 1.2% lower against the dollar and now trades at $1.92 or 0.00003136 BTC.
• Internet Computer (ICP) traded up 2.6% against the dollar and now trades at $2.22 or 0.00003633 BTC.
• Algorand (ALGO) traded 1.2% lower against the dollar and now trades at $0.0886 or 0.00000145 BTC.
• Fetch.ai (FET) traded up 0.3% against the dollar and now trades at $0.17 or 0.00000281 BTC.
• Akash Network (AKT) traded up 1.3% against the dollar and now trades at $0.68 or 0.00001119 BTC.
• PayProtocol Paycoin (PCI) traded 2.6% lower against the dollar and now trades at $0.0374 or 0.00000061 BTC.
• Theta Fuel (TFUEL) traded down 0.2% against the dollar and now trades at $0.0078 or 0.00000013 BTC.

Cosmos Coin Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 515,696,587 coins. The official website for Cosmos is cosmos.network. Cosmos’ official message board 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 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, GDAX or Gemini. 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