Cardano

Token

CUDOS

Strong

Bold

<p>Crypto analyst<a href="https://twitter.com/CloudPerseus/status/1752263002575737018?t=TfbvUy16TWP9R-AFJRJdbQ&amp;s=19" target="_blank" rel="nofollow"> perseus.eth</a> breaks down the tokenomics behind the recent price surge of CUDOS (CUDOS), a layer 2 scaling solution and cloud computing network. As CUDOS has risen over 18% today and 29% this week, investors are taking a closer look at what’s driving its growth.</p> 
<p><strong>Strong Fundamentals and Token Distribution</strong></p> 
<p>As perseus.eth outlined, CUDOS has a strategic distribution of tokens across seed investors, public sales, advisors, community development, reserves, and the core team. With over a third of tokens set aside for expanding the ecosystem and community, CUDOS is well-positioned for organic growth.</p> 
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<p>The project has also raised $5 million from major funds like Animoca Brands, showing confidence in its long-term vision. As user Nisha_crypto underscored, CUDOS aspires to become a decentralized oracle and computing network.</p> 
<p><strong>Technical Factors</strong></p> 
<p>Beyond the fundamentals, there are promising technical factors. CUDOS broke past resistance around $0.0117 and held support around that same level. With trading volume up 160%, there is momentum that could push the price to $0.014 in the near term.</p>  
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<p>With strong tokenomics, backing from top investors, and bullish technical indicators, the CUDOS price surge shows the project gaining traction in its mission to become a leading Layer 2 and cloud computing solution. As more developers build on the network, CUDOS is one to keep an eye on.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-cudos-price-up/">Why Is CUDOS Price Up?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Is CUDOS Price Up?

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