COW Price Analysis June 2022

COW is a token of the platform CoW Protocol. Its current price is around $0.1642 by writing, with a low of $0.1547, and has a market cap of 11 million dollars.

What is CoW Protocol?

CoW Protocol uses AMMs to allow users to trade assets efficiently and securely by leveraging the batch settlement feature built on specific DeFi projects and a top DEX. CoW is a type of peer-to-peer trade that can help improve price rates reducing the need for powerful liquidity pools. This will save traders money spent on gas fees and other expenses like slippage and protocol costs.

What is COW?

COW is the token of the CoW Protocol platform, which is around $0.1642 by the time of writing, with a low of $0.1547. It reached a high of $0.8146, and its current ranking is #3760 according to CoinMarketCap, with a market cap of 11 million dollars. It is the native token of cow protocol.

COW Coin Market Analysis 

COW has a max supply of 1,000,000,000 coins worth around $0.1642 with a market volume of 166,330 dollars, whereas the market capitalization is 11 million dollars at writing. 

COW Price Prediction

On the 1w timeframe, the price action of $COW/USDT has formed an ascending triangle chart pattern. Price is moving inside the triangle. We have to wait for a breakout or breakdown to confirm its next direction.

Cow Protocol Price Chart
CoW Protocol Price Chart

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Pratyaksh

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