Contentos (COS) crypto: How far can it surge before market correction?

February 01, 2022 02:05 AM AEDT | By Manu Shankar

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Contentos (COS) crypto: How far can it surge before market correction? — Image source: © Wiscan | Megapixl

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Highlights

Powered by the Binance Smart Chain protocol, the Contentos aims to incentivise content creation by bringing in global diversity.

On 31 January, the COS token, the governance token of Contentos was registering gains of well over 30% with a volume of over 2,000%.

With the penetration of blockchain-based technologies in this dynamic 21^st Century, it is hard to imagine a sector without it. From the internet to music to payment systems, all are driven by blockchain-based applications. Now, they are breaking the barriers and entering the entertainment industry by owning and distributing digital content on a peer-to-peer network. The Contentos (COS) crypto offers solutions to the digital content creators, consumers, and advertisers to come on a single platform and be a part of the larger business model.

Contentos has been moving up the charts of the investors who are into content generation and have been seeing significant gains over the past few weeks. On 31 January, the COS token was registering gains of well over 30% with a volume of over 2,000%.

A brief intro

Powered by the Binance Smart Chain protocol, Contentos aims to incentivise the content creation by bringing in global diversity and returning the rights and value of the content to its users.

According to its website, contentos.io, it has partnered with some of the leading names of the industry, such as Samsung, PhotoGrid, DailyMotion, Pantheon X, etc., to deliver world-class content. The content makers have the freedom to upload their videos on COS.TV and earn income either by selling it as an NFT or via video minting.

Co-founded by Mick Tsai, the COS token was listed on the Binance exchange on 27 January and since then it has been on a rise. Over the past week, it has already registered gains of well over 31.4% and over the past two days, it has seen a tremendous spike.

How is Contentos's price faring?

Contentos crypto is ranked 444 on CoinMarketCap and was trading at US$0.019497 with a 24-hour trading volume of US$117,020,803. At the time of writing, the token was witnessing gains of 30.41% over a day with a live market cap of US$70,590,114 and 3,620,573,587 COS coins in circulation.

Following its December bull run, the last week (24 January to 29 January) was perhaps the best phase for Contentos crypto. The volume received a significant bump as it was up by 2,344% in the past 24 hours suggesting that massive interest buoyed by the Binance listing as well as increased interest in the content domain.

Conclusion

Contentos crypto could well be one of the unique cryptos that could revolutionise the content industry. The investors would be hoping that the bull run continues for a few more days, before the market correction checks in.

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