Cosmos (ATOM) Trading Down 6.6% This Week

Cosmos (ATOM) traded down 1.8% against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on January 29th. Over the last week, Cosmos has traded down 6.6% against the US dollar. One Cosmos coin can now be bought for approximately $5.78 or 0.00005678 BTC on cryptocurrency exchanges. Cosmos has a market capitalization of $2.26 billion and approximately $137.95 million worth of Cosmos was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 4.4% against the dollar and now trades at $32.52 or 0.00031947 BTC.
• Hedera (HBAR) traded 4.5% lower against the dollar and now trades at $0.30 or 0.00000296 BTC.
• NEAR Protocol (NEAR) traded down 3.6% against the dollar and now trades at $4.39 or 0.00004312 BTC.
• Internet Computer (ICP) traded 6% lower against the dollar and now trades at $8.45 or 0.00008306 BTC.
• Cronos (CRO) traded down 3.5% against the dollar and now trades at $0.13 or 0.00000125 BTC.
• Algorand (ALGO) traded down 4.9% against the dollar and now trades at $0.36 or 0.00000356 BTC.
• Fetch.ai (FET) traded 8.8% lower against the dollar and now trades at $0.97 or 0.00000951 BTC.
• Akash Network (AKT) traded 4.3% lower against the dollar and now trades at $2.48 or 0.00002436 BTC.
• Kava (KAVA) traded 6.5% lower against the dollar and now trades at $0.41 or 0.00000399 BTC.
• Theta Fuel (TFUEL) traded down 6.1% against the dollar and now trades at $0.0573 or 0.00000056 BTC.

Cosmos Coin Profile

Cosmos (ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 390,934,204 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official message board for Cosmos 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.

According to CryptoCompare, “ATOM is the native cryptocurrency of the Cosmos Network. It is used to pay for transaction and network fees, as well as for staking to secure the network and earning rewards. ATOM tokens are used to create incentives and rewards for validators and delegators, allowing them to earn rewards for participating in consensus and safeguarding the network. ATOM tokens are also used to vote on governance proposals, allowing users to have a say in the direction of the network.”

Buying and Selling Cosmos

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

ATOM/USD price chart by TradingView