Cosmos (ATOM) One Day Trading Volume Hits $315.82 Million

Cosmos (ATOM) traded down 6.2% against the US dollar during the one day period ending at 11:00 AM ET on April 7th. One Cosmos coin can now be bought for about $4.43 or 0.00005642 BTC on popular exchanges. During the last seven days, Cosmos has traded down 0.4% against the US dollar. Cosmos has a total market capitalization of $1.73 billion and $315.82 million worth of Cosmos was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded down 8.5% against the dollar and now trades at $0.0816 or 0.00000104 BTC.
• Avalanche (AVAX) traded 3.9% lower against the dollar and now trades at $16.45 or 0.00020961 BTC.
• Hedera (HBAR) traded 7% lower against the dollar and now trades at $0.14 or 0.00000183 BTC.
• NEAR Protocol (NEAR) traded down 8.8% against the dollar and now trades at $2.13 or 0.00002717 BTC.
• Internet Computer (ICP) traded 7.4% lower against the dollar and now trades at $4.57 or 0.00005817 BTC.
• Algorand (ALGO) traded 6.5% lower against the dollar and now trades at $0.16 or 0.00000210 BTC.
• Fetch.ai (FET) traded down 5.5% against the dollar and now trades at $0.39 or 0.00000490 BTC.
• Kava (KAVA) traded up 5.4% against the dollar and now trades at $0.42 or 0.00000539 BTC.
• Akash Network (AKT) traded down 10.1% against the dollar and now trades at $0.94 or 0.00001189 BTC.
• Theta Fuel (TFUEL) traded down 8.7% against the dollar and now trades at $0.0297 or 0.00000038 BTC.

About Cosmos

Cosmos uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 390,934,204 coins. Cosmos’ official website is cosmos.network. The official message board for Cosmos is blog.cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. 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.”

Cosmos Coin Trading

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

ATOM/USD price chart by TradingView