Cosmos Reaches One Day Volume of $34.42 Million (ATOM)

Cosmos (ATOM) traded down 5.5% against the US dollar during the one day period ending at 9:00 AM E.T. on October 7th. Cosmos has a market cap of $904.11 million and $34.42 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for $1.69 or 0.00002029 BTC on popular cryptocurrency exchanges. During the last seven days, Cosmos has traded down 3.6% against the US dollar.

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

• Cronos (CRO) traded down 7.5% against the dollar and now trades at $0.0625 or 0.00000075 BTC.
• NEAR Protocol (NEAR) traded 2.4% lower against the dollar and now trades at $5.03 or 0.00006039 BTC.
• Avalanche (AVAX) traded down 2.3% against the dollar and now trades at $11.17 or 0.00013401 BTC.
• Hedera (HBAR) traded down 6.9% against the dollar and now trades at $0.0938 or 0.00000112 BTC.
• Internet Computer (ICP) traded 8% lower against the dollar and now trades at $3.18 or 0.00003809 BTC.
• Algorand (ALGO) traded down 7.4% against the dollar and now trades at $0.12 or 0.00000139 BTC.
• Fetch.ai (FET) traded down 8.7% against the dollar and now trades at $0.23 or 0.00000272 BTC.
• Akash Network (AKT) traded 7.6% lower against the dollar and now trades at $0.70 or 0.00000837 BTC.
• PayProtocol Paycoin (PCI) traded 1.7% higher against the dollar and now trades at $0.0397 or 0.00000047 BTC.
• Theta Fuel (TFUEL) traded 3.4% lower against the dollar and now trades at $0.0098 or 0.00000012 BTC.

Cosmos Coin Profile

Cosmos uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 534,450,728 coins. Cosmos’ official website is 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 message board for Cosmos is blog.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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

It is usually not presently possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView