Cosmos (ATOM) Trading Down 5.8% This Week

Cosmos (ATOM) traded down 4.3% against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on April 2nd. During the last seven days, Cosmos has traded down 5.8% against the dollar. Cosmos has a market capitalization of $809.92 million and $48.00 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for $1.62 or 0.00002443 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded down 2.6% against the dollar and now trades at $0.0690 or 0.00000104 BTC.
• Avalanche (AVAX) traded down 5.5% against the dollar and now trades at $8.66 or 0.00013093 BTC.
• Hedera (HBAR) traded 4.8% lower against the dollar and now trades at $0.0855 or 0.00000129 BTC.
• NEAR Protocol (NEAR) traded 5.2% lower against the dollar and now trades at $1.15 or 0.00001732 BTC.
• Internet Computer (ICP) traded down 5% against the dollar and now trades at $2.21 or 0.00003336 BTC.
• Algorand (ALGO) traded 1.3% lower against the dollar and now trades at $0.10 or 0.00000157 BTC.
• Fetch.ai (FET) traded down 7.9% against the dollar and now trades at $0.22 or 0.00000339 BTC.
• Akash Network (AKT) traded down 10.2% against the dollar and now trades at $0.45 or 0.00000682 BTC.
• PayProtocol Paycoin (PCI) traded down 2.9% against the dollar and now trades at $0.0427 or 0.00000065 BTC.
• Theta Fuel (TFUEL) traded 7.5% lower against the dollar and now trades at $0.0106 or 0.00000016 BTC.

About Cosmos

ATOM uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 500,995,100 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. The official website for Cosmos 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 purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to acquire Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly 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