Cosmos (ATOM) Trading Down 7.3% This Week

Cosmos (ATOM) traded down 1.6% against the U.S. dollar during the 1 day period ending at 11:00 AM Eastern on May 5th. One Cosmos coin can currently be purchased for approximately $4.08 or 0.00004354 BTC on exchanges. During the last week, Cosmos has traded 7.3% lower against the U.S. dollar. Cosmos has a total market capitalization of $1.60 billion and $83.51 million worth of Cosmos was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.0874 or 0.00000093 BTC.
• Avalanche (AVAX) traded 2.6% lower against the dollar and now trades at $19.50 or 0.00020786 BTC.
• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.17 or 0.00000185 BTC.
• NEAR Protocol (NEAR) traded down 1.8% against the dollar and now trades at $2.33 or 0.00002487 BTC.
• Internet Computer (ICP) traded down 0.9% against the dollar and now trades at $4.63 or 0.00004933 BTC.
• Algorand (ALGO) traded down 3.1% against the dollar and now trades at $0.20 or 0.00000211 BTC.
• Fetch.ai (FET) traded down 4.1% against the dollar and now trades at $0.66 or 0.00000698 BTC.
• Kava (KAVA) traded up 2.5% against the dollar and now trades at $0.43 or 0.00000459 BTC.
• Akash Network (AKT) traded up 15.9% against the dollar and now trades at $1.66 or 0.00001764 BTC.
• Theta Fuel (TFUEL) traded down 0.7% against the dollar and now trades at $0.0360 or 0.00000038 BTC.

Cosmos Coin Profile

Cosmos uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 390,934,204 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. The official website for Cosmos is cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here.

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 currently 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView