Cosmos Trading Up 1.5% This Week (ATOM)

Cosmos (ATOM) traded 0.4% higher against the US dollar during the 1 day period ending at 9:00 AM Eastern on May 16th. In the last seven days, Cosmos has traded up 1.5% against the US dollar. Cosmos has a market capitalization of $1.01 billion and approximately $55.95 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for $1.98 or 0.00002542 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.0710 or 0.00000091 BTC.
• Avalanche (AVAX) traded down 3% against the dollar and now trades at $9.28 or 0.00011916 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.0910 or 0.00000117 BTC.
• NEAR Protocol (NEAR) traded 2.5% lower against the dollar and now trades at $1.48 or 0.00001905 BTC.
• Internet Computer (ICP) traded down 0.9% against the dollar and now trades at $2.61 or 0.00003357 BTC.
• Algorand (ALGO) traded 2.2% lower against the dollar and now trades at $0.11 or 0.00000142 BTC.
• Fetch.ai (FET) traded down 4.6% against the dollar and now trades at $0.20 or 0.00000251 BTC.
• Akash Network (AKT) traded down 5.7% against the dollar and now trades at $0.70 or 0.00000898 BTC.
• PayProtocol Paycoin (PCI) traded 1.3% lower against the dollar and now trades at $0.0493 or 0.00000063 BTC.
• Theta Fuel (TFUEL) traded down 1.9% against the dollar and now trades at $0.0110 or 0.00000014 BTC.

About Cosmos

Cosmos uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 508,630,656 coins. 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. Cosmos’ official website is 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 presently possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView