Cosmos (ATOM) Price Down 13.4% Over Last Week

Cosmos (ATOM) traded down 2.7% against the dollar during the 1-day period ending at 10:00 AM E.T. on April 11th. Cosmos has a total market cap of $1.67 billion and $124.90 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for about $4.28 or 0.00005201 BTC on cryptocurrency exchanges. Over the last seven days, Cosmos has traded 13.4% lower against the dollar.

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

• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.0859 or 0.00000104 BTC.
• Avalanche (AVAX) traded up 5.9% against the dollar and now trades at $19.34 or 0.00023508 BTC.
• Hedera (HBAR) traded 3.3% lower against the dollar and now trades at $0.17 or 0.00000204 BTC.
• NEAR Protocol (NEAR) traded 0.9% higher against the dollar and now trades at $2.07 or 0.00002513 BTC.
• Internet Computer (ICP) traded up 1.6% against the dollar and now trades at $4.97 or 0.00006047 BTC.
• Algorand (ALGO) traded up 1.1% against the dollar and now trades at $0.18 or 0.00000221 BTC.
• Fetch.ai (FET) traded 3.4% higher against the dollar and now trades at $0.44 or 0.00000535 BTC.
• Kava (KAVA) traded down 0.7% against the dollar and now trades at $0.41 or 0.00000503 BTC.
• Akash Network (AKT) traded 4.3% higher against the dollar and now trades at $1.05 or 0.00001265 BTC.
• Theta Fuel (TFUEL) traded 2.4% lower against the dollar and now trades at $0.0329 or 0.00000040 BTC.

Cosmos Coin Profile

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 390,934,204 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. 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.”

Cosmos Coin Trading

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

ATOM/USD price chart by TradingView