Cosmos (ATOM) Reaches One Day Trading Volume of $49.52 Million

Cosmos (ATOM) traded 2% lower against the U.S. dollar during the one day period ending at 10:00 AM ET on May 8th. One Cosmos coin can now be bought for approximately $1.87 or 0.00002342 BTC on popular exchanges. Cosmos has a market cap of $948.78 million and approximately $49.52 million worth of Cosmos was traded on exchanges in the last day. In the last week, Cosmos has traded 1.8% lower against the U.S. dollar.

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

• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0695 or 0.00000087 BTC.
• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $9.59 or 0.00012003 BTC.
• Hedera (HBAR) traded 0.2% higher against the dollar and now trades at $0.0910 or 0.00000114 BTC.
• NEAR Protocol (NEAR) traded 3.4% higher against the dollar and now trades at $1.54 or 0.00001933 BTC.
• Internet Computer (ICP) traded up 2.5% against the dollar and now trades at $3.13 or 0.00003913 BTC.
• Algorand (ALGO) traded up 1.4% against the dollar and now trades at $0.13 or 0.00000160 BTC.
• Fetch.ai (FET) traded 0.9% higher against the dollar and now trades at $0.23 or 0.00000283 BTC.
• Akash Network (AKT) traded up 3.7% against the dollar and now trades at $0.68 or 0.00000842 BTC.
• PayProtocol Paycoin (PCI) traded 1.8% lower against the dollar and now trades at $0.0506 or 0.00000063 BTC.
• Theta Fuel (TFUEL) traded 0% higher against the dollar and now trades at $0.0115 or 0.00000014 BTC.

Cosmos Profile

Cosmos uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 507,287,361 coins. Cosmos’ official message board is blog.cosmos.network. The official website for Cosmos is 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.

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 presently possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the aforementioned exchanges.

ATOM/USD price chart by TradingView