Cosmos (ATOM) Hits One Day Trading Volume of $73.19 Million

Cosmos (ATOM) traded down 3.5% against the dollar during the twenty-four hour period ending at 9:00 AM ET on February 1st. One Cosmos coin can currently be purchased for $1.96 or 0.00002511 BTC on major cryptocurrency exchanges. Cosmos has a market cap of $963.31 million and $73.19 million worth of Cosmos was traded on exchanges in the last 24 hours. In the last week, Cosmos has traded 13.4% lower against the dollar.

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

• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.0806 or 0.00000103 BTC.
• Avalanche (AVAX) traded down 3.9% against the dollar and now trades at $10.05 or 0.00012861 BTC.
• Hedera (HBAR) traded down 3.3% against the dollar and now trades at $0.0905 or 0.00000116 BTC.
• Internet Computer (ICP) traded down 5.3% against the dollar and now trades at $2.69 or 0.00003446 BTC.
• NEAR Protocol (NEAR) traded 5.7% lower against the dollar and now trades at $1.20 or 0.00001531 BTC.
• Algorand (ALGO) traded 3.8% lower against the dollar and now trades at $0.10 or 0.00000132 BTC.
• Fetch.ai (FET) traded 4.6% lower against the dollar and now trades at $0.19 or 0.00000242 BTC.
• PayProtocol Paycoin (PCI) traded 3.9% higher against the dollar and now trades at $0.0649 or 0.00000083 BTC.
• Theta Fuel (TFUEL) traded 7% lower against the dollar and now trades at $0.0160 or 0.00000020 BTC.
• Akash Network (AKT) traded down 4.4% against the dollar and now trades at $0.37 or 0.00000473 BTC.

About Cosmos

ATOM uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 490,816,300 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. The official website for Cosmos is cosmos.network. 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 purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView