Cosmos Price Hits $4.13 on Exchanges (ATOM)

Cosmos (ATOM) traded up 5.4% against the dollar during the 1-day period ending at 11:00 AM Eastern on March 14th. One Cosmos coin can now be purchased for approximately $4.13 or 0.00004860 BTC on major cryptocurrency exchanges. Cosmos has a total market capitalization of $1.61 billion and approximately $111.64 million worth of Cosmos was traded on exchanges in the last day. In the last week, Cosmos has traded down 5.4% against the dollar.

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

• Hedera (HBAR) traded 2.7% higher against the dollar and now trades at $0.20 or 0.00000233 BTC.
• Avalanche (AVAX) traded 4% higher against the dollar and now trades at $19.21 or 0.00022601 BTC.
• NEAR Protocol (NEAR) traded up 5% against the dollar and now trades at $2.70 or 0.00003173 BTC.
• Internet Computer (ICP) traded 3.5% higher against the dollar and now trades at $5.67 or 0.00006666 BTC.
• Cronos (CRO) traded up 2.9% against the dollar and now trades at $0.0835 or 0.00000098 BTC.
• Algorand (ALGO) traded up 5.9% against the dollar and now trades at $0.20 or 0.00000240 BTC.
• Fetch.ai (FET) traded up 5.3% against the dollar and now trades at $0.52 or 0.00000611 BTC.
• Kava (KAVA) traded up 9.8% against the dollar and now trades at $0.48 or 0.00000560 BTC.
• Akash Network (AKT) traded 4.3% higher against the dollar and now trades at $1.40 or 0.00001653 BTC.
• Theta Fuel (TFUEL) traded up 2.5% against the dollar and now trades at $0.0384 or 0.00000045 BTC.

About Cosmos

ATOM uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 390,934,204 coins. The official message board for Cosmos is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. 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, “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 currently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView