Cosmos Price Up 5.6% This Week (ATOM)

Cosmos (ATOM) traded 0.6% lower against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on May 12th. Cosmos has a total market cap of $1.02 billion and $76.02 million worth of Cosmos was traded on exchanges in the last 24 hours. Over the last seven days, Cosmos has traded 5.6% higher against the U.S. dollar. One Cosmos coin can currently be purchased for $2.01 or 0.00002487 BTC on cryptocurrency exchanges.

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

• Cronos (CRO) traded up 1.5% against the dollar and now trades at $0.0808 or 0.00000100 BTC.
• Avalanche (AVAX) traded down 2.4% against the dollar and now trades at $9.88 or 0.00012233 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0948 or 0.00000117 BTC.
• NEAR Protocol (NEAR) traded 1.1% higher against the dollar and now trades at $1.55 or 0.00001922 BTC.
• Internet Computer (ICP) traded down 8.1% against the dollar and now trades at $3.29 or 0.00004072 BTC.
• Algorand (ALGO) traded up 0.9% against the dollar and now trades at $0.12 or 0.00000155 BTC.
• Fetch.ai (FET) traded 3.7% lower against the dollar and now trades at $0.23 or 0.00000282 BTC.
• Akash Network (AKT) traded up 13.7% against the dollar and now trades at $0.90 or 0.00001114 BTC.
• PayProtocol Paycoin (PCI) traded down 1.5% against the dollar and now trades at $0.0511 or 0.00000063 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0121 or 0.00000015 BTC.

About Cosmos

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 507,931,583 coins. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official website is cosmos.network. 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.

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 possible to buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to acquire Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView