Cosmos (ATOM) Trading Down 4.7% Over Last 7 Days

Cosmos (ATOM) traded 0.3% lower against the US dollar during the twenty-four hour period ending at 9:00 AM ET on December 15th. Over the last week, Cosmos has traded down 4.7% against the US dollar. Cosmos has a market capitalization of $1.03 billion and $46.69 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can now be bought for about $2.13 or 0.00002385 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.0968 or 0.00000108 BTC.
• Avalanche (AVAX) traded up 0.6% against the dollar and now trades at $13.11 or 0.00014675 BTC.
• Hedera (HBAR) traded down 1.9% against the dollar and now trades at $0.12 or 0.00000133 BTC.
• NEAR Protocol (NEAR) traded 0.7% lower against the dollar and now trades at $1.61 or 0.00001802 BTC.
• Internet Computer (ICP) traded 1.2% lower against the dollar and now trades at $3.17 or 0.00003545 BTC.
• Algorand (ALGO) traded 1.7% lower against the dollar and now trades at $0.12 or 0.00000134 BTC.
• Fetch.ai (FET) traded down 1.1% against the dollar and now trades at $0.24 or 0.00000265 BTC.
• Theta Fuel (TFUEL) traded 2.3% lower against the dollar and now trades at $0.0204 or 0.00000023 BTC.
• PayProtocol Paycoin (PCI) traded 2.2% lower against the dollar and now trades at $0.0686 or 0.00000076 BTC.
• Akash Network (AKT) traded down 2.8% against the dollar and now trades at $0.43 or 0.00000480 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 482,811,680 coins. The official website for Cosmos is 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. The official message board for Cosmos is blog.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.”

Cosmos Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to acquire Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView