Cosmos Price Hits $1.38 on Exchanges (ATOM)

Cosmos (ATOM) traded 0.9% lower against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on July 27th. In the last seven days, Cosmos has traded down 6.9% against the U.S. dollar. One Cosmos coin can currently be bought for approximately $1.38 or 0.00002118 BTC on popular exchanges. Cosmos has a total market capitalization of $718.16 million and approximately $18.10 million worth of Cosmos was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.0570 or 0.00000088 BTC.
• Hedera (HBAR) traded down 0.7% against the dollar and now trades at $0.0694 or 0.00000107 BTC.
• Avalanche (AVAX) traded down 0.3% against the dollar and now trades at $6.66 or 0.00010248 BTC.
• NEAR Protocol (NEAR) traded 2.3% higher against the dollar and now trades at $1.83 or 0.00002815 BTC.
• Internet Computer (ICP) traded up 1.1% against the dollar and now trades at $2.18 or 0.00003359 BTC.
• Algorand (ALGO) traded 2.2% lower against the dollar and now trades at $0.0828 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.6% lower against the dollar and now trades at $0.16 or 0.00000239 BTC.
• Akash Network (AKT) traded 3.4% lower against the dollar and now trades at $0.46 or 0.00000705 BTC.
• PayProtocol Paycoin (PCI) traded down 0.8% against the dollar and now trades at $0.0360 or 0.00000055 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0078 or 0.00000012 BTC.

Cosmos Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 521,433,367 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. Cosmos’ official message board 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.

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 purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to acquire Cosmos should first purchase 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 purchase Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView