Cosmos (ATOM) Trading 13.8% Lower This Week

Cosmos (ATOM) traded down 1.5% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on December 19th. One Cosmos coin can currently be purchased for approximately $1.88 or 0.00002140 BTC on cryptocurrency exchanges. Over the last seven days, Cosmos has traded down 13.8% against the US dollar. Cosmos has a market capitalization of $910.40 million and approximately $75.62 million worth of Cosmos was traded on exchanges in the last day.

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

• Cronos (CRO) traded 0.3% lower against the dollar and now trades at $0.0921 or 0.00000105 BTC.
• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $12.00 or 0.00013638 BTC.
• Hedera (HBAR) traded 0.5% lower against the dollar and now trades at $0.11 or 0.00000125 BTC.
• NEAR Protocol (NEAR) traded up 0.3% against the dollar and now trades at $1.50 or 0.00001700 BTC.
• Internet Computer (ICP) traded 1.4% lower against the dollar and now trades at $2.90 or 0.00003295 BTC.
• Algorand (ALGO) traded 0.5% higher against the dollar and now trades at $0.11 or 0.00000128 BTC.
• Fetch.ai (FET) traded down 0.3% against the dollar and now trades at $0.21 or 0.00000235 BTC.
• PayProtocol Paycoin (PCI) traded down 0.1% against the dollar and now trades at $0.0675 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded up 1.6% against the dollar and now trades at $0.0176 or 0.00000020 BTC.
• Akash Network (AKT) traded 2.8% lower against the dollar and now trades at $0.37 or 0.00000418 BTC.

Cosmos Coin Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 483,474,700 coins. The official website for Cosmos is cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. 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.

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.”

Buying and Selling Cosmos

It is usually not possible to purchase alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to acquire Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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