Should I invest in Contentos (COS) at the current price?

Contentos COS/USD has weakened from $0.026  to $0.011 since the beginning of January 2022, and the current price stands at $0.017.

The decentralized global content ecosystem

Contentos is a decentralized global ecosystem that allows content to be freely produced, distributed, and rewarded while protecting author rights.

The main features of this ecosystem are distributed hierarchical traffic, a peer income system, and a fixed credit system.

The vision of Contentos is to build a digital content community that strives to incentivize content creation and return the value of content to users.

Users are encouraged to share and promote content to the proper audience, and every user is responsible for its credit score, which is calculated based on every single contribution being made.

It is also important to mention that Contentos has established the first video platform COS.TV that enables you to watch favorite videos, join a community with your friends, share content, and get a COS reward.

Contentos is positioning itself as a leader in the space of Video NFTs and the Metaverse, and recently announced its plans to develop its own Metaverse by 2023.

Contentos does not censor or delete third-party content, and it is constantly working on new features to improve transparency and monetization of digital content.

Many important projects have already collaborated with Contentos, and the most popular ones include Samsung, Chainlink, Harmony, Theta, Origin, and Nebulas.

Binance Labs invested millions of dollars in Contentos while other investors include LiveMe, Cheez, PhotoGrid, IDG, Gobi, Ontology, DHVC, Node, and LD Capital.

COS token has achieved an impressive gain in the first days of December 2021, and it has reached a price level above $0.06 on December 03.

COS is currently down more than 60% from the highest price level in 2021; still, Contentos is a very promising project, and the price of COS could advance again at levels that we saw in December 2021.

Bears in control of COS

Technically looking, Contentos (COS) remains in a bear market, but the current price level represents good value for what you pay, and maybe now could be a good time to invest in this cryptocurrency.

Data source: tradingview.com

If the price jumps above $0.025, it would be a strong “buy” signal, and we have the open way to a resistance level that stands at $0.030.

The current support level for COS stands at $0.015, and if the price falls below it, the next price target could be at $0.010.

Summary

Contentos is a decentralized global ecosystem that allows content to be freely produced, distributed, and rewarded while protecting author rights. According to technical analysis, Contentos (COS) remains in a bear market, but if the price jumps above $0.025, it would be a strong “buy” signal, and we have the open way to a resistance level that stands at $0.030.

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