Cosmos Trading Up 10% Over Last Week (ATOM)

Cosmos (ATOM) traded up 0.2% against the dollar during the twenty-four hour period ending at 9:00 AM ET on February 21st. Cosmos has a market cap of $1.16 billion and $59.73 million worth of Cosmos was traded on exchanges in the last 24 hours. In the last week, Cosmos has traded up 10% against the dollar. One Cosmos coin can now be purchased for approximately $2.35 or 0.00003448 BTC on exchanges.

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

• Cronos (CRO) traded up 1.4% against the dollar and now trades at $0.0784 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $9.33 or 0.00013676 BTC.
• NEAR Protocol (NEAR) traded up 6.5% against the dollar and now trades at $1.08 or 0.00001577 BTC.
• Internet Computer (ICP) traded up 5.8% against the dollar and now trades at $2.26 or 0.00003309 BTC.
• Algorand (ALGO) traded up 2.7% against the dollar and now trades at $0.0905 or 0.00000133 BTC.
• Fetch.ai (FET) traded up 4.4% against the dollar and now trades at $0.17 or 0.00000247 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% higher against the dollar and now trades at $0.0608 or 0.00000089 BTC.
• Theta Fuel (TFUEL) traded 2.9% higher against the dollar and now trades at $0.0146 or 0.00000021 BTC.
• Akash Network (AKT) traded up 2% against the dollar and now trades at $0.32 or 0.00000472 BTC.

Cosmos Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 494,164,930 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. 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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

It is usually not presently possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView