Cosmos Hits 1-Day Volume of $37.98 Million (ATOM)

Cosmos (ATOM) traded up 5.6% against the dollar during the 1 day period ending at 9:00 AM ET on August 20th. Cosmos has a market cap of $779.62 million and approximately $37.98 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can currently be purchased for about $1.48 or 0.00002061 BTC on cryptocurrency exchanges. Over the last seven days, Cosmos has traded 0.4% higher against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Cronos (CRO) traded up 15% against the dollar and now trades at $0.0533 or 0.00000074 BTC.
• Hedera (HBAR) traded 7.4% higher against the dollar and now trades at $0.0729 or 0.00000101 BTC.
• Avalanche (AVAX) traded up 8.5% against the dollar and now trades at $6.88 or 0.00009570 BTC.
• NEAR Protocol (NEAR) traded up 6.8% against the dollar and now trades at $1.73 or 0.00002405 BTC.
• Internet Computer (ICP) traded 7.2% higher against the dollar and now trades at $2.32 or 0.00003229 BTC.
• Algorand (ALGO) traded up 7.1% against the dollar and now trades at $0.0853 or 0.00000119 BTC.
• Fetch.ai (FET) traded 10.2% higher against the dollar and now trades at $0.13 or 0.00000187 BTC.
• Akash Network (AKT) traded 7.1% higher against the dollar and now trades at $0.51 or 0.00000718 BTC.
• PayProtocol Paycoin (PCI) traded 6% higher against the dollar and now trades at $0.0365 or 0.00000051 BTC.
• Theta Fuel (TFUEL) traded up 6.9% against the dollar and now trades at $0.0078 or 0.00000011 BTC.

Cosmos Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 525,799,851 coins. 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. 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 currently possible to purchase alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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