Cosmos (ATOM)

The exchange rate of one ATOM at 14:35 UTC is 8.314$

Chart | Average rate

Cryptocurrency technologies are developing at an ever faster pace and are being applied in a variety of areas. One of the most interesting concepts is “Cosmos” (ATOM). Not only is it an interesting asset to invest in because of its rarity, it is valuable in and of itself.

What is Cosmos?

Description and information

Cosmos (ATOM) offers customized solutions using cryptocurrency technology. ATOM is designed to scale and interoperate with various blockchain ecosystems. The system is designed to create a network in which various blockchains can interact with each other in a decentralized manner. Decentralization makes the system independent of the main data center, which means a significant increase in system security.

The Cosmos algorithm is based on the “proof-of-stake” mechanism (PoS). Therefore, an average random selection is used, in which the weight of participants is determined by the duration of participation and mining potential.

Cosmos (ATOM) was founded in 2017. It was originally used by the Cosmos platform. Currently, it is used in many projects based on blockchain technology, including the field of DeFi (decentralized finance) or gambling and betting. Moreover, the ATOM network is used within one of the largest exchanges - Binance.

It should be borne in mind that the number of tokens in circulation is unlimited (unlike, for example, bitcoin), so ATOM is subject to inflation, like traditional currencies. This means that an increase in supply can lead to a decrease in price. However, it was noted that the acquisition of ATOM is not only a benefit due to its cost, but also a real technological value.

Where and how to start investing in Cosmos? Where to look for forecasts?

Value and stock prices

Investing in Cosmos should start with the understanding the characteristics of the currency. ATOM can increase in volume at any time by increasing mining efficiency.

Knowing the details about ATOM, you need to think carefully about what part of the investment portfolio it should be. Like any other cryptocurrency, ATOM has a very high risk (risk means fluctuating returns). Of course, the risk should be considered not only as a loss, but also as an opportunity to obtain large profits.

Cosmos reviews

What do they say about it on the forums and in the press?

Many competing companies post negative reviews about this cryptocurrency and are afraid to compete with its performance.

Despite the wide range of assets on the market, there is currently no product on the market that can compare to Cosmos.

Cosmos is the ideal solution for all demanding customers.

Some people don't like the fact that ATOM is not a limited offer. This means that Cosmos is moving away from the essence of cryptocurrencies. Consequently, due to an oversupply, a significant reduction in the cost of ATOM is possible at any time. This is practically impossible (due to the protocol used), and it does not pose a threat yet. Some online forums have noted that this project is still under development. It is not yet known how it will develop in the long term.

Where and how to buy Cosmos?

What is the best exchange rate? Euro/dollar price

The easiest way to buy Cosmos is through exchange verification. You can get rid of the need to worry about the technological side of the service, but it is also much easier to sell it. The disadvantage of this solution is the need to verify the account and ensure its security (not allowing third parties to use it, not sharing the password, etc.).

The best exchange will be the one that offers relatively low fees and is verified by many users. There are many scam sites to be found on the internet, so you should always check reviews of the platform before buying. The best place to buy cryptocurrency is on the Binance exchange. Interestingly, at the beginning of 2021, more than 150 different cryptocurrencies were traded on the exchange, and an average of 1.4 million transactions were made there every second.

Of course, we should not exclude other exchanges, even domestic ones. They must meet the requirements for commission, spread (the difference between the bid and ask prices), available assets, data verification or withdrawal period.

Where to check the Cosmos exchange rate?

Reliable sources

There are many platforms where you can check the ATOM rate. Some of them do not provide up-to-date information or are based only on one stock exchange. Such services should provide prices and sales volume, capitalization, or other indicators needed for analysis (for example, moving average). Sometimes data is provided only in selected time intervals (e.g. every 5 minutes). It is therefore worth using services that allow you to check the ATOM price from several exchanges. Averaging (even by a weighted average) of this price is also a useful feature. Such services include Goldprice or Coingecko.

Choosing the currency in which the ATOM price should be presented can also be troublesome. By default, this is the US dollar, but some services also provide information in local currencies. An example of such a service is Coindesk.