Cosmos (ATOM) Trading 13.3% Higher Over Last Week

Cosmos (ATOM) traded up 3.8% against the U.S. dollar during the 1-day period ending at 9:00 AM E.T. on August 8th. One Cosmos coin can currently be purchased for approximately $1.40 or 0.00002147 BTC on popular cryptocurrency exchanges. Cosmos has a total market cap of $730.52 million and approximately $18.49 million worth of Cosmos was traded on exchanges in the last day. Over the last week, Cosmos has traded up 13.3% against the U.S. dollar.

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

• Cronos (CRO) traded down 8.9% against the dollar and now trades at $0.0486 or 0.00000075 BTC.
• Hedera (HBAR) traded up 0.4% against the dollar and now trades at $0.0686 or 0.00000106 BTC.
• Avalanche (AVAX) traded 0.8% higher against the dollar and now trades at $6.54 or 0.00010061 BTC.
• NEAR Protocol (NEAR) traded down 1.8% against the dollar and now trades at $1.61 or 0.00002482 BTC.
• Internet Computer (ICP) traded 1.2% higher against the dollar and now trades at $2.11 or 0.00003241 BTC.
• Algorand (ALGO) traded down 2.6% against the dollar and now trades at $0.0868 or 0.00000134 BTC.
• Fetch.ai (FET) traded 2.6% higher against the dollar and now trades at $0.14 or 0.00000212 BTC.
• Akash Network (AKT) traded 2.8% higher against the dollar and now trades at $0.51 or 0.00000785 BTC.
• PayProtocol Paycoin (PCI) traded down 0.3% against the dollar and now trades at $0.0357 or 0.00000055 BTC.
• Theta Fuel (TFUEL) traded down 0.3% against the dollar and now trades at $0.0074 or 0.00000011 BTC.

About Cosmos

Cosmos uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 523,610,265 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. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible 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 Changelly, Gemini 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