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<p>Contentos (COS) has seen a dramatic surge in momentum in recent trading, with prices spiking over 30% in 24 hours. Driving the powerful upside move is a surge of anticipation as the project gears up for a major scheduled airdrop aimed at rewarding active COS traders.</p>
<p>According to the announcement tweet, Contentos is hosting a <em>“3 day trading airdrop event on the BithumbOfficial Exchange.” </em>As part of the promotional event and incentive program, traders stand to win prizes from a substantial pool of 4.5 million in COS tokens.</p>
<p>The sizable giveaway, combined with the uptrending market beta conditions, has catalyzed tremendous trading interest and spikes in volume. Over the last 24 hours alone, COS volume exceeded $78 million, representing a massive increase of over 2200% compared to recent activity.</p>
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<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>The surge in volume underscores the potential buying frenzy as both short-term speculators and long-term project supporters take positions ahead of the scheduled airdrop distribution. Given the still-low market capitalization near $100 million, COS remains prone to volatile price swings on upticks in investor and trader activity.</p>
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<p>Similar previous protocol airdrops have preceded strong technical breakouts and upside momentum if sentiment stays positive post-distribution. And the current optimism appears high, given the reinvigorated interest in the news catalyst.</p>
<p>With the favorable trend reverberations from this week’s positive developments, the path of least resistance seems higher for COS price action at the moment as momentum accelerates.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-contentos-cos-price-up-by-30/" rel="noopener noreferrer nofollow">Why is Contentos (COS) Price Up By 30%?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Contentos (COS) Price Up By 30%?

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