Cosmos Price Down 4.2% Over Last Week (ATOM)

Cosmos (ATOM) traded down 0.6% against the dollar during the 24-hour period ending at 9:00 AM ET on December 23rd. One Cosmos coin can currently be purchased for approximately $1.95 or 0.00002234 BTC on popular cryptocurrency exchanges. During the last seven days, Cosmos has traded 4.2% lower against the dollar. Cosmos has a market cap of $946.45 million and $46.34 million worth of Cosmos was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.0951 or 0.00000109 BTC.
• Avalanche (AVAX) traded 2.2% lower against the dollar and now trades at $12.07 or 0.00013789 BTC.
• Hedera (HBAR) traded 2.2% lower against the dollar and now trades at $0.11 or 0.00000127 BTC.
• NEAR Protocol (NEAR) traded 5% lower against the dollar and now trades at $1.49 or 0.00001700 BTC.
• Internet Computer (ICP) traded 1.4% lower against the dollar and now trades at $2.98 or 0.00003404 BTC.
• Algorand (ALGO) traded 2.1% lower against the dollar and now trades at $0.11 or 0.00000125 BTC.
• Fetch.ai (FET) traded down 2.2% against the dollar and now trades at $0.21 or 0.00000234 BTC.
• PayProtocol Paycoin (PCI) traded 0.4% lower against the dollar and now trades at $0.0675 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0176 or 0.00000020 BTC.
• Akash Network (AKT) traded down 2.1% against the dollar and now trades at $0.37 or 0.00000420 BTC.

About Cosmos

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 484,137,500 coins. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. Cosmos’ official website 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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