Coldstack (CLS) has been making waves with its impressive performance. But how high can the CLS coin price go in 2024? Let’s dive into a detailed analysis using the latest data of CLS Coin.
ColdStack is like a super organizer for decentralized data storage, especially things like Filecoin. It’s the very first service that brings together different decentralized storage options. It’s super quick, easy, and straightforward, making it perfect for projects in the crypto world and beyond. ColdStack uses smart technology to make storing files both cheap and super secure.
ColdStack has a simple and easy-to-use feature that lets you access decentralized storage easily. It uses something called the Amazon S3 compatible API, which means you can use its system like you would Amazon’s storage service. By using the $CLS token, you can access various decentralized storage options without having to figure out the differences between them or compare costs.
How has the CLS Coin Price moved in recent days?
As of today, the ColdStack (CLS) token is valued at $0.245432, reflecting a 24-hour trading volume of $6.04 million, a market capitalization of $369,370, and a market dominance of 0.00%. Over the past 24 hours, the CLS price has seen a notable increase of 232.00%. Examining historical data, ColdStack attained its peak value on November 14, 2021, reaching an all-time high of $6.14.
Contrarily, its lowest recorded price occurred on October 4, 2023, plummeting to an all-time low of $0.036057. Notably, the most recent cycle low was marked at $0.036057, while the highest CLS price since the last cycle low reached $0.252013 (cycle high). The prevailing sentiment in ColdStack’s price prediction indicates a bullish trend, complemented by a Fear & Greed Index registering at 72 (Greed). In terms of supply dynamics, the circulating supply presently stands at 1.50 million CLS out of a maximum supply of 50.00 million CLS.
Is CLS Coin Price UP?
Over the past year, ColdStack (CLS) has exhibited a remarkable surge, witnessing an impressive 238% increase in its price, a testament to its robust performance in the volatile cryptocurrency market. The important thing is, ColdStack has outperformed 91% of the top 100 crypto assets during this one year, surpassing even stalwarts like Bitcoin and Ethereum. The asset’s resilience is further underscored by consistently trading above the 200-day simple moving average, signifying sustained positive momentum.
In the last 30 days alone, ColdStack has displayed a bullish trend with 15 green days, constituting 50% of the observed period. This consistent positive trajectory places the token in proximity to its cycle high, indicating a potential bullish breakout.
Additionally, the coin’s high liquidity, as evidenced by its substantial market capitalization, underscores its attractiveness and potential for sustained growth in the evolving crypto landscape. Investors are likely keeping a close eye on ColdStack as it continues to position itself as a promising asset in the cryptocurrency market.
Why is CLS Price Up?
$CLS is pioneering a decentralized data storage aggregation platform. It has already teamed up with leading decentralized storage projects like File, Arweave, Crust, Sia, Storj, Stratos, and Prometeus Labs. Additionally, it collaborates with top infrastructure providers such as Chainlink, 0Chain, Akash, Ankr, and BitTorrent, and has partnerships with others like 8.finance and Rocki. Now, it’s joining forces with BNB.
This partnership positions $CLS as a go-to solution for any data storage needs. Its AI system will select the most suitable platform for each storage requirement, considering both security and cost. I believe this project has the potential to rank among the top 50 in the future. With data becoming as valuable as oil and the continuous growth in decentralized data storage and AI, let’s revisit this in five years and see the progress.
How High can the CLS Coin Price reach by 2024?
In the next month, it’s expected that ColdStack’s average price over the past 200 days (known as the 200-day SMA) will go up, reaching about $0.078151 by December 28, 2023. Also, the average price over the past 50 days (the 50-day SMA) is likely to increase to around $0.125422 by the same date.
The Relative Strength Index (RSI) is a tool used to see if a cryptocurrency is being bought or sold too much. Right now, ColdStack’s RSI is at 88.70, which means a lot of people are buying it (it’s overbought). Usually, this could mean the price might go down soon to balance things out, but in this case, it looks like the price of ColdStack might actually keep going up for a bit.
$CLS stands out with its notably low market capitalization, yet it demonstrates strong liquidity, as evidenced by its trading volumes exceeding its market cap by a factor of four in just 24 hours.
Such a pattern frequently indicates significant potential for growth. Current forecasts suggest the possibility of a 5x rise in value within the week and an impressive 100x growth during this bullish market trend. Holding a modest amount of $CLS could be a wise decision.
Is it profitable to invest in ColdStack?
Over the past month, ColdStack had good days half the time, with 15 out of 30 days showing positive results. Looking at its past performance, it seems like a good time to invest in ColdStack. Its price has gone up by 250% in the last year, indicating that it could keep doing well in the future.
The recent price trends of CLS, characterized by its stability in the face of 24-hour price fluctuations and volume changes, have earned the cryptocurrency a low-risk rating. This stability provides traders with a sense of assurance regarding the token’s current resistance to manipulation.
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