Cosmos (ATOM) Hits 24-Hour Volume of $145.59 Million

Cosmos (ATOM) traded 2.1% higher against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on November 5th. Cosmos has a total market capitalization of $1.25 billion and approximately $145.59 million worth of Cosmos was traded on exchanges in the last 24 hours. During the last seven days, Cosmos has traded 16.5% lower against the U.S. dollar. One Cosmos coin can now be purchased for $2.61 or 0.00002550 BTC on cryptocurrency exchanges.

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

• Cronos (CRO) traded 2.4% lower against the dollar and now trades at $0.12 or 0.00000119 BTC.
• Hedera (HBAR) traded down 1.6% against the dollar and now trades at $0.17 or 0.00000167 BTC.
• Avalanche (AVAX) traded 0.7% higher against the dollar and now trades at $16.63 or 0.00016225 BTC.
• Internet Computer (ICP) traded down 6.6% against the dollar and now trades at $4.92 or 0.00004796 BTC.
• NEAR Protocol (NEAR) traded 0.1% lower against the dollar and now trades at $1.88 or 0.00001831 BTC.
• Algorand (ALGO) traded up 0.1% against the dollar and now trades at $0.16 or 0.00000154 BTC.
• Fetch.ai (FET) traded 4.5% higher against the dollar and now trades at $0.22 or 0.00000211 BTC.
• Akash Network (AKT) traded down 3.1% against the dollar and now trades at $0.56 or 0.00000545 BTC.
• Theta Fuel (TFUEL) traded 1.6% lower against the dollar and now trades at $0.0208 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded 2.4% lower against the dollar and now trades at $0.0716 or 0.00000070 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 476,373,700 coins. 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 message board is blog.cosmos.network. 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.”

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 GDAX, Changelly 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