Cosmos Topped 1-Day Trading Volume, ATOM Drops Now

The Cosmos news newsletter today shows that the ATOM cryptocurrency is sinking and losing 7.67% as of press time. However, Cosmos topped the 1-day trading volume yesterday at $277 million and became one of the most traded altcoins out there.

Cryptocurrency exchanges which offer ATOM trading now include Hotbit, BitForex, Coinone and GDAC. With a market cap of $881 million right now, ATOM is trading at $4.62 and has been seeing a massive increase this month.

The altcoin news also show that ATOM is getting a lot of attention due to its Scrypt hashing algorithm. The total supply of the coin is 237,928,231 coins and the circulating supply is 190,688,439. A lot of investors have decided to purchase ATOM because of the fear of missing out (FOMO) which started this month as Cosmos topped the charts and proved that it is a coin that can rise quickly.

The Reddit community for Cosmos has been trending as well (/r/cosmosnetwork) because of the huge increase and spike in prices – and the currency’s GitHub profile has been eyed by lots of people.

Anyways, the Cosmos news newsletter now is showing that the altcoin is suffering and dropping a lot of points.
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As of press time, it continues to sink and analysts and traders hope for it to hold on at the $4 mark at least.

But if we see the rest of the market and the cryptonews in general, we will see that the situation is quite the same for many other alternative cryptocurrencies. Even Bitcoin dropped below $10,000 and went back to the $9,000 waters again – something that no one could predict considering how strong the recent surge was for the most dominant coin.

The biggest loser in the top 5 today is Bitcoin SV (BSV) which lost 11.34% and is now at $312. Additionally, we can see 10% losses by Bitcoin Cash (BCH) which is at $439 and XRP which lost 7.80% and is again in the $0.30 zone.