ColdStack is a platform that simplifies the use of Web3 cloud storage for anyone. It aggregates various Decentralized Storage Networks such as Filecoin, SIA, Arweave, and Storj, and offers the best price, security, and privacy for data storage.
ColdStack has an AI-based storage optimizer that selects the optimal DSN for each file, and an Amazon S3 compatible API that allows for easy integration with existing applications.
ColdStack also ensures that all data is encrypted, decentralized, and sovereign, meaning that users have full control and ownership of their data.
The ColdStack is supported by world-class partners and integrations, such as Polkadot, Parity, Oracle, and the EU Commission’s Next Generation Internet.
It also has a vibrant community of developers, users, and node operators, who collaborate under the Trace Alliance, a non-profit organization that fosters knowledge exchange and adoption of Decentralised Knowledge Graph topics.
ColdStack has its own token, CLS, which is based on Ethereum and powers the Decentralised Knowledge Graph operations.
CLS is used for publishing and updating Knowledge Assets, which are units of data with trust, ownership, and discoverability.
CLS also serves as collateral on ColdStack nodes, which ensures the reliability and integrity of the network.
ColdStack aims to create a trusted data foundation for artificial intelligence, and to enable a Verifiable Web for decentralized AI.
Coldstack Crypto Asset Is Showing Bullish Signs And Has The Potential?
The CLS crypto faced an intraday decline of 2.63% in the last 24 hours, and was trading at $0.2160 at press time.
The Coldstack crypto asset is showing bullish signs and has the potential to grow further.
It has performed well in the past month, and quarter, by 424.54% and 378.31% respectively indicating a strong uptrend.
The CLS crypto is likely to rally sharply soon, smashing through the resistance level and soar to new zeniths from the current support zone. However, the asset price could bounce back from the current level, if the demand for the CLS token remains high. The next target for the CLS price is $0.35000.
The Coldstack crypto asset is above major EMAs. However, if the CLS crypto price fails to stay above the $0.20000 level, it could decline further.
Summary
As per the price action, on the daily chart the CLS crypto price is showing signs of bullish accumulation on the support level. However, if the demand for the CLS Token remains high, the asset price could bounce back from the current level. The next goal for the CLS price is to reach $0.35000.
Technical Levels
Support Levels: $0.20000
Resistance Levels: $0.35000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
Source: https://www.thecoinrepublic.com/2023/12/14/coldstack-crypto-chart-show-bullishness-how-strong-is-the-trend/