Today: 2022-08-08 Disclaimer: This is not a financial advice

Is it a Good Time to Buy Cosmos Hub Right Now?

Current Price
$11.74
All Time High: $44.45

Cosmos Hub is down -73.57289% from its highest price on 2022-01-17.

4/5
Avarage Daily Volume: $310,429,019.00

Cosmos Hub has a daily trading volume of $310,429,019.00 which it will make it super easy for you to sell your holdings of Cosmos Hub

Community

Cosmos Hub has 552679 total followers in all its social media accounts.

5/5
Exchanges

Cosmos Hub is listed on 100 exchanges

5/5
Price Potential

Cosmos Hub price value has the potential to increase to $892.39 in the next crypto bull run.
Which may take up to 5 years from now.

Overall Score

Our algorithm believes it's An Excellent time to invest in Cosmos Hub right now. We give it all overscore of

4.25/5

How to buy Cosmos Hub today

Open an account at the exchange below so you could buy Cosmos Hub today

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Summary of Cosmos Hub(ATOM):

Cosmos Hub(ATOM) today price is $11.74, which is down -73.57289% from it's all time high. The avarage daily volume is $310,429,019.00 and you can trade Cosmos Hub on 100 exchanges.

552679 people are following Cosmos Hub in all social media accounts.

Our algorithm believes it's An Excellent time to invest in Cosmos Hub with confident score of 4.25 out of 5.

What is Cosmos Hub(ATOM)?

The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary. While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance. As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here. As staking tokens, Atoms can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network. Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.