Cosmos Price Hits $1.59 on Exchanges (ATOM)

Cosmos (ATOM) traded up 0.8% against the U.S. dollar during the 1 day period ending at 10:00 AM Eastern on July 7th. In the last week, Cosmos has traded up 3.8% against the U.S. dollar. One Cosmos coin can currently be bought for approximately $1.59 or 0.00002522 BTC on exchanges. Cosmos has a total market cap of $822.72 million and approximately $27.15 million worth of Cosmos was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded 1.8% lower against the dollar and now trades at $0.0576 or 0.00000092 BTC.
• Hedera (HBAR) traded 3% lower against the dollar and now trades at $0.0710 or 0.00000113 BTC.
• Avalanche (AVAX) traded down 0.2% against the dollar and now trades at $6.77 or 0.00010749 BTC.
• NEAR Protocol (NEAR) traded 0.3% higher against the dollar and now trades at $2.00 or 0.00003182 BTC.
• Internet Computer (ICP) traded up 2% against the dollar and now trades at $2.21 or 0.00003507 BTC.
• Algorand (ALGO) traded 0.9% lower against the dollar and now trades at $0.0864 or 0.00000137 BTC.
• Fetch.ai (FET) traded down 2.5% against the dollar and now trades at $0.17 or 0.00000263 BTC.
• Akash Network (AKT) traded 0.6% lower against the dollar and now trades at $0.63 or 0.00000993 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% lower against the dollar and now trades at $0.0374 or 0.00000059 BTC.
• Theta Fuel (TFUEL) traded 0.9% higher against the dollar and now trades at $0.0079 or 0.00000013 BTC.

About Cosmos

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 518,014,847 coins. The official message board for Cosmos is blog.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. 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. 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, GDAX or Changelly. 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