Cow Protocol, Defi Financing Protocol (Defi) based on ETHEREUM MAINNET, has risen more than 60 % in the past 24 hours.
For every data from Coinmarketcap, the performance sees that the original distinctive code cow is highlighted as the best Altcoin among the 500 best roofs in the market at the time of writing this report.
The VeNA (Vana), the story (IP) and the Polymath (Poly), which has also increased between 26 % and 42 % in the past 24 hours.
Kraken Exchange noted that Cow/USD was among the first three places on its platform.
Why does the price of the cow’s protocol rise?
The main offers of Platfi Platform Cow Swaps include automatic market making, and besieged maximum value.
On February 25, the price of the cow’s protocol became vertical as it exploded from its lowest level of $ 0.28 to reach its highest level during the day 0.56 dollars.
The gains, which included a 100 % jump in Daily Peak, came in the distinctive code value, as the encryption market reaction with the distinctive symbol list news was.
Transparency exchange, the largest central exchange in South Korea, Declare It will be a cow list.
The instant trading pairs that were identified for support from February 25, 2025 at 20:30 KB were BTC, WON and Tether (USDT).
The immediate market reaction during the Asian trading session witnessed the original GO Parabolic.
The price of the cow reached $ 0.56 before re -testing the support at $ 0.48.
Before increasing today, the price of the cow fell from the re -download areas of about $ 0.44 and $ 0.46 last month.
Predicting the price of the cow
The highest price in this period was $ 0.61, the most noticeable face on January 31, 2025.
In this case, the Defi Protocol Governance symbol increased by 54 % last week and -25 % last month.
Passive action coincided over the past thirty days with the weakness of the higher cryptocurrencies, as the price of bitcoin has struggled with less than 100 thousand dollars.
But with BTC down to nearly 88 thousand dollars amid a new sale pressure, Cow Token seemed to challenge this trend.
At the current price of $ 0.51, the gains hovering the cow’s protocol by about 56 % of its highest level ever at $ 1.22 reached on December 25, 2024.
If the bulls retain the support level of about $ 0.29, which is a major request area, it can build a new momentum to target $ 0.77 and then $ 1.
Both the different moving average rapprochement (MACD) and the RSI are supported on the daily chart, continuing in the upward trend.
MACD sees an upper intersection with a rising graph, while RSI is 57 years old after stirring from the sales lands.
However, the profit may see targeted levels of bears less than $ 0.29.
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