Cosmos (ATOM) Trading 0.2% Higher Over Last Week

Cosmos (ATOM) traded 2% higher against the US dollar during the 24 hour period ending at 9:00 AM E.T. on July 3rd. In the last seven days, Cosmos has traded up 0.2% against the US dollar. One Cosmos coin can currently be purchased for approximately $1.59 or 0.00002573 BTC on major exchanges. Cosmos has a market cap of $823.46 million and approximately $29.23 million worth of Cosmos was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 3.4% higher against the dollar and now trades at $0.0582 or 0.00000094 BTC.
• Hedera (HBAR) traded 3.2% lower against the dollar and now trades at $0.0717 or 0.00000116 BTC.
• Avalanche (AVAX) traded up 0.8% against the dollar and now trades at $6.85 or 0.00011073 BTC.
• NEAR Protocol (NEAR) traded 5.2% higher against the dollar and now trades at $2.03 or 0.00003286 BTC.
• Internet Computer (ICP) traded 0.1% lower against the dollar and now trades at $2.23 or 0.00003603 BTC.
• Algorand (ALGO) traded 1.7% higher against the dollar and now trades at $0.0880 or 0.00000142 BTC.
• Fetch.ai (FET) traded up 3.5% against the dollar and now trades at $0.19 or 0.00000301 BTC.
• Akash Network (AKT) traded 6.5% higher against the dollar and now trades at $0.65 or 0.00001046 BTC.
• PayProtocol Paycoin (PCI) traded up 0.3% against the dollar and now trades at $0.0377 or 0.00000061 BTC.
• Theta Fuel (TFUEL) traded 2.7% higher against the dollar and now trades at $0.0079 or 0.00000013 BTC.

About Cosmos

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 517,195,867 coins. 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. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos 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 U.S. dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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