Learn the rates and reviews of Cryptocurrency Cosmos (ATOM). Where and how to buy? The best exchange revealed. Check out the forum!
Cryptocurrencies technologies are developing at an ever-increasing rate and are being applied in a wide variety of fields. One of the most interesting concepts is Cosmos (ATOM). Not only is it an interesting asset to invest in because of its rarity, but it is also a valuable asset in its own right.
Description and information about Crypto Currency Cosmos
Cosmos (ATOM) enables custom solutions using cryptocurrency technology. ATOM is designed to scale and interact with different blockchain ecosystems. The system is designed to create a network capable of different blockchains communicating with each other in a decentralized manner. Decentralization makes the system independent of a single large data center, which means it significantly increases the system’s security.
Cosmos is based on a Proof of stake (PoS) algorithm. Thus, a weighted random selection is used, in which the weights of individual participants are determined by the duration of participation and their mining capacity.
Cosmos (ATOM) was founded in 2017. Initially, it was used by the Cosmos betting platform. It is currently used in many projects based on blockchain technology, also in the field of DeFi (decentralized finance) or games of chance and betting. Moreover, the ATOM network is used within one of the largest exchanges – Binance.
Be aware that the amount of ATOM in circulation is unlimited (unlike Bitcoin, for example), so ATOM is inflationary like traditional currencies. This means that an increase in supply can lead to a decrease in the token’s price. However, it is pointed out that the purchase of ATOM is not only supposed to be a benefit due to its value, but there is also supposed to be a real technological value behind the token.
Where and how to start investing in Cosmos Crypto Currency?
Investing in Cosmos should start with understanding the hallmark features of the currency. ATOM can be in much greater volume at any time through increased mining efficiency. In addition, ATOM’s main competitor is Polkadot. It is an equally strong developing project.
Knowing the details of ATOM, we should think carefully about how much of our investment portfolios it should represent. Like any cryptocurrency, ATOM is very risky (risk meaning fluctuations of the rate of return). Of course, risk should be considered not only as a loss but also as the possibility of generating high profits.
Reviews for Cosmos Crypto Currency. What do they write in the forum and in the press?
Before you decide to apply Cosmos, read the reviews about it, it always helps.
We based our opinion on Cosmos on a wide range of sources, from the manufacturer to users and testers.
Although there are many such products on the market, Cosmos has the best reviews.
Cosmos has been tested many times before it went on sale, and all tests gave positive results.
According to the media, ATOM is supposed to be significantly undervalued. Allegedly, the market is thought to be underestimating the fact that there are many different projects around Cosmos. Demand for ATOM is supposed to be built by projects in such a variety of industries that even a collapse in one area will not greatly affect its value. It is pointed out that ATOM is the only one to have completed its so-called white paper. This is a scarce situation for cryptocurrencies.
Some individuals do not like the fact that ATOM is not in limited supply. This means that Cosmos is moving away from the essence of cryptocurrencies. Consequently, by oversupply, a substantial drop in the value of ATOM is possible at any time. Although this is a practically impossible situation (by the protocol used), there is still a threat. It is pointed out on some online forums that this is still an evolving project. It is not yet known how it will develop in the long term.
Where and how to buy Cosmos? What Stock Exchange will be the best?
The easiest way to buy Cosmos is through a verified exchange. Not only will we be relieved from the need to take care of the technological part of keeping it, but we will also be able to sell it much easier. The downside of such a solution is the need to verify the account and keep it secure (by not allowing others to use it, not sharing the password, etc.).
The best exchange will be one that offers relatively low commissions and has been verified by many users. You can find many scam websites online, so you should always check the platform’s reviews before investing. The best solution would be to purchase the cryptocurrency through the Binance platform. ATOM is used for settlements on Binance. Interestingly, at the beginning of 2021, more than 150 different cryptocurrencies were traded there, and an average of 1.4 million transactions was reportedly made there every second.
Of course, we should not rule out other exchanges, even native ones. They should match our requirements regarding commissions, spread (the difference between buying and selling price), 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 (eg, moving average). Sometimes data is provided only in selected time intervals (e.g. every 5 minutes) and not according to the so-called tick (one price change). 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.