Cosmos (ATOM) Trading Down 17.5% Over Last Week

Cosmos (ATOM) traded 0.9% lower against the US dollar during the 1-day period ending at 8:00 AM E.T. on September 8th. Cosmos has a total market capitalization of $1.45 billion and $113.70 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can currently be purchased for $3.72 or 0.00006817 BTC on major exchanges. During the last seven days, Cosmos has traded 17.5% lower against the US dollar.

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

• Avalanche (AVAX) traded up 6.7% against the dollar and now trades at $23.08 or 0.00042309 BTC.
• NEAR Protocol (NEAR) traded up 2.7% against the dollar and now trades at $3.74 or 0.00006852 BTC.
• Internet Computer (ICP) traded up 3.6% against the dollar and now trades at $7.35 or 0.00013473 BTC.
• Cronos (CRO) traded up 1.1% against the dollar and now trades at $0.0773 or 0.00000142 BTC.
• Hedera (HBAR) traded up 3.2% against the dollar and now trades at $0.0496 or 0.00000091 BTC.
• Fetch.ai (FET) traded 1.4% higher against the dollar and now trades at $1.09 or 0.00002002 BTC.
• Algorand (ALGO) traded 3.8% higher against the dollar and now trades at $0.13 or 0.00000231 BTC.
• Akash Network (AKT) traded 1.6% higher against the dollar and now trades at $2.30 or 0.00004212 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.0542 or 0.00000099 BTC.
• Kava (KAVA) traded 1.8% higher against the dollar and now trades at $0.29 or 0.00000527 BTC.

About 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 Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. The official website for Cosmos is cosmos.network.

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.”

Cosmos Coin Trading

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

ATOM/USD price chart by TradingView