Cosmos Trading Up 1.5% This Week (ATOM)

Cosmos (ATOM) traded 0.4% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on May 16th. One Cosmos coin can currently be purchased for approximately $1.98 or 0.00002542 BTC on major cryptocurrency exchanges. During the last week, Cosmos has traded up 1.5% against the U.S. dollar. Cosmos has a total market capitalization of $1.01 billion and approximately $55.95 million worth of Cosmos was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.0710 or 0.00000091 BTC.
• Avalanche (AVAX) traded down 3% against the dollar and now trades at $9.28 or 0.00011916 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.0910 or 0.00000117 BTC.
• NEAR Protocol (NEAR) traded down 2.5% against the dollar and now trades at $1.48 or 0.00001905 BTC.
• Internet Computer (ICP) traded down 0.9% against the dollar and now trades at $2.61 or 0.00003357 BTC.
• Algorand (ALGO) traded 2.2% lower against the dollar and now trades at $0.11 or 0.00000142 BTC.
• Fetch.ai (FET) traded 4.6% lower against the dollar and now trades at $0.20 or 0.00000251 BTC.
• Akash Network (AKT) traded 5.7% lower against the dollar and now trades at $0.70 or 0.00000898 BTC.
• PayProtocol Paycoin (PCI) traded 1.3% lower against the dollar and now trades at $0.0493 or 0.00000063 BTC.
• Theta Fuel (TFUEL) traded 1.9% lower against the dollar and now trades at $0.0110 or 0.00000014 BTC.

Cosmos Profile

Cosmos uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 508,630,656 coins. Cosmos’ official website is 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. 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 possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to acquire Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView