Cosmos One Day Trading Volume Tops $126.81 Million (ATOM)

Cosmos (ATOM) traded 1.7% lower against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on September 14th. Cosmos has a total market cap of $2.23 billion and approximately $126.81 million worth of Cosmos was traded on exchanges in the last day. Over the last seven days, Cosmos has traded 6.9% higher against the U.S. dollar. One Cosmos coin can currently be purchased for approximately $4.76 or 0.00004097 BTC on exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Cronos (CRO) traded 3.8% lower against the dollar and now trades at $0.24 or 0.00000211 BTC.
• Avalanche (AVAX) traded down 0.6% against the dollar and now trades at $29.98 or 0.00025825 BTC.
• Hedera (HBAR) traded 2.6% lower against the dollar and now trades at $0.24 or 0.00000210 BTC.
• NEAR Protocol (NEAR) traded 3.7% lower against the dollar and now trades at $2.75 or 0.00002366 BTC.
• Internet Computer (ICP) traded down 1.7% against the dollar and now trades at $5.00 or 0.00004307 BTC.
• Algorand (ALGO) traded down 1.8% against the dollar and now trades at $0.25 or 0.00000213 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $0.67 or 0.00000579 BTC.
• Kava (KAVA) traded down 1.7% against the dollar and now trades at $0.36 or 0.00000312 BTC.
• Akash Network (AKT) traded down 2.2% against the dollar and now trades at $1.20 or 0.00001031 BTC.
• Theta Fuel (TFUEL) traded down 0.6% against the dollar and now trades at $0.0355 or 0.00000031 BTC.

Cosmos Coin Profile

Cosmos (CRYPTO:ATOM) uses the hashing algorithm. It launched on September 3rd, 2016. Cosmos’ total supply is 468,146,700 coins. Cosmos’ official message board 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. 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.”

Cosmos Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini 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