Cudos is a blockchain project that offers a cloud infrastructure for web3. The platform works at the intersection of blockchain and cloud technologies. Cudos allows users to deploy smart contracts and virtual machines on it. The platform is powered by the Cudos token.
This piece will give you all the information you need to have about the Cudos platform and its native token. I will explain the platform’s key features, the token’s economics, past performance, and future price forecasts. Towards the end, you can see details of where and how you can buy the token. Let’s get started without any further ado.
Cudos (CUDOS) Key Features
- Virtual Machines: Cudos allows users to obtain low-cost cloud infrastructure by utilizing the unused processing power in computers across the world.
- Smart Contracts: On Cudos, you can write efficient smart contracts using Rust.
- Proof of Stake: Users can improve the security of the Cudos blockchain by staking Cudos tokens and participating in governance.
Cudos (CUDOS) Tokenomics
Cudos has a total supply of 8,652,956,008 tokens and the maximum supply is limited to 10 billion tokens. At 5,843,157,717, only 58.43% of the supply is in existing circulation.
Cudos (CUDOS) Past Performance
Cudos was launched in January 2021 at an opening price of $0.05. This was during the crypto bull run of 2021 and Cudos doubled its price within a few days. However, a steady correction followed and the token has been trading at around $0.002 for most of 2022 and 2023. The token has been on a path to recovery starting from November 2023.
When I last checked, the Cudos token was trading at $0.01695, which is 3% down from that of yesterday. The token’s market capitalization now stands at $99 million and the 24-hour trading volume is at $804k.
Cudos (CUDOS) Price Forecast
Technical indicators suggest that the current market sentiment is bearish while the fear & greed index is at 57 indicating greed. Cudos token recorded 11 (37%) green days in the past month with a modest 9.00% price volatility. Our technical analysts think that now is a bad time to buy the Cudos token.
2024: This year, with all eyes on the Bitcoin halving event, the price of the Cudos token is predicted to go up by 227.85% and reach $0.055847 by the end of May.
2025: Moving ahead to 2025, the price of the Cudos token is expected to fall between $0.017035 and $0.080436. Compared to today’s price, CUDOS Token could gain 375.30% by 2025 if CUDOS reaches the upper price target.
Where To Buy Cudos (CUDOS)?
You can find good market depth for Cudos in the following places.
How To Buy Cudos (CUDOS)?
Follow these steps to buy Cudos from KuCoin.
- First, create a free account on KuCoin by giving your basic details and completing your identity verification.
- With your credit card or bank transfer, load your account with funds.
- On the website, click on the ‘buy’ option at the top of the website to get USDT coins.
- Go to the trading section and on the search bar, type ‘CUDOS/USDT’. Click ‘buy’ followed by ‘confirm’.
- After a successful transaction, you can find the Cudos tokens on your wallet.
Conclusion
Cudos is a decentralized cloud provider with support for smart contracts. Prior to 2024, the Cudos token has been experiencing lackluster performance for almost two years. The token is now showing great upside potential.
With that being said, we think it is important to remember that cryptocurrencies fall into the category of high-risk assets and the reader is encouraged to do their own research before putting their hard-earned money into such ventures. Also, stay away from leveraged investments and complex financial instruments.
