Exploring CUDOS Crypto: History, Price Action, and Future Potential

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5 Apr 2024

Whether you’re a seasoned blockchain enthusiast or just catching wind of the crypto buzz, CUDOS has likely piqued your interest. With roots dating back to 2017, this project is making waves, especially with the recent 130% rally of its $CUDOS token. Whether you’re here for the backstory, the price action, or the scoop on where and how to snag some CUDOS crypto for yourself, you’re in the right place! Let’s dive into the world of CUDOS and try to understand, analyze, and acquire this crypto gem!
UPDATED 29TH NOVEMBER 2023 AT 08:00

To kickstart this article, we’ll first cover the gist of the CUDOS crypto project. In doing so, you’ll learn what CUDOS is and how it relates to the Cudos network. We’ll also look at the project’s history, founders, and some other aspects to paint an even clearer picture of what the CUDOS crypto is all about. Next, we’ll explain how Cudos works and discuss whether it is a good project. Then, we’ll shift our focus to the CUDOS cryptocurrency, giving our “What is CUDOS crypto?” discussion an additional dimension. This is where you’ll learn how this token fits into the Cudos network and the network’s entire ecosystem. Moreover, you’ll find out how it functions and what its main purpose is.
However, since most of you are interested in trading altcoins, we’ll also do a full CUDOS price analysis. We’ll use the basics of TA to outline the asset’s key levels of support and resistance levels. You’ll also get to see what the Money Line indicator has to say about $CUDOS’s performance.
In addition, we’ll even offer our speculative CUDOS crypto price prediction. However, an even greater value awaits you in learning about Moralis Money and how you can use it to come up with your own short-term CUDOS crypto price prediction at any time. With Moralis Money in your corner, you’ll also be able to decide whether or not CUDOS is a good investment for you. And for those of you who may decide to get a bag of this crypto, we’ll also answer the “Where can I buy CUDOS crypto?” and “How to buy CUDOS coin?” questions!

What is the Cudos Network? Exploring the Cudos Crypto Project

The Cudos network is a decentralized cloud computing platform designed to bridge the gap between blockchain technology and cloud services. The project aims to make computing more sustainable and cost-effective by utilizing spare computational resources.
Cudos is currently operating as a layer-1 (L1) blockchain with a delegated proof-of-stake (PoS) consensus mechanism. This layer is the core of the Cudos network, as it ensures secure, decentralized, and permissionless access to high-performance computing.
The network separates consensus from execution. This provides builders with high application performance, a developer-friendly toolkit, and composable asset management. According to the project’s official website, the Cudos network allows users to benefit from high cryptographic security, public blockchain transparency, cross-chain interoperability, and carbon-neutral transactions. Furthermore, Cudos addresses scalability vertically and horizontally, offering a lightning-fast consensus mechanism and Inter-Blockchain Communication (IBC) protocol.
With a focus on sustainability, the project envisions a world where no computing power goes to waste. As such, it is aligning its activities with the United Nations’ 17 sustainability goals.
Now that you know the answer to the question, “What is the CUDOS crypto project?” let’s look at its history.

History

Cudos embarked on its journey in 2017, a pivotal year that marked its foundation and the initiation of team building, laying the groundwork for the ambitious project. Moving into Q1 of 2019, the project launched its beta platform, introducing a 100% monetization model to incentivize early validators and bolster network capacity.
Notably, in Q4 of 2019, Cudos achieved a significant milestone by establishing a key partnership with AMD, a renowned technology giant. This partnership solidified Cudos as a global technology partner, working in collaboration to develop secure distributed computing solutions.
In subsequent quarters, Cudos continued to make strategic advancements. In Q1 of 2020, Cudos’ Mining Farm Management platform went live, providing scalable compute solutions for mining farms and enhancing overall network security. The project also celebrated a noteworthy achievement by surpassing 100,000 users, showcasing its growing influence and user base.
Throughout Q3 of 2020, Cudos successfully attracted large compute suppliers and buyers, establishing a robust global backbone capacity and deploying thousands of servers. Furthermore, Q4 of 2020 marked a significant milestone with the launch of Cudos’s first major partner globally, leveraging a white-label version of the software.
The momentum carried into Q1 of 2021, where Cudos made strides in enabling computing on validation nodes and introduced its compute validation and testnet. Additionally, the project expanded its reach by providing layer-2 compute oracle services to Ethereum and Algorand in Q2 of 2021.
However, arguably the most significant milestone in CUDOS’ history is the launch of the Cudos network’s layer-1 mainnet in 2022. After all, this turned Cudos into what it is today – a layer-1 blockchain and L2 community-governed compute network.

Founder and Core Team

The above image includes the project’s founder and all the core members of the CUDOS leadership team. As you can see by the photos and links to their LinkedIn accounts, the core CUDOS team is fully doxxed.
Matt Hawkins, the CEO of Cudos, is a seasoned tech entrepreneur known for founding C4L in 2000, one of the UK’s fastest-growing ISPs. Under his leadership, C4L garnered numerous awards, including recognition in the Times Tech Track 100 and Deloitte UK Top 50. C4L, providing approximately 1% of the UK’s internet infrastructure, was acquired in 2016, leading Matt to establish Cudos with a mission to optimize global computing capacity.
Other key leadership roles include:

Andrew Sturmey (CTO)
Lee Woodham (COO)
Joan Garcia Tormo (Product and Software Director)
Pete Hill (VP of Sales)
Nuno Pereira (VP of Partnerships)

CUDOS’ Main Selling Points

Based on our exploration of the “What is CUDOS crypto?” topic, the project presents the following features and advantages as its main selling points:

Decentralized Cloud Computing: Cudos offers a decentralized cloud computing platform that connects blockchain developers and cloud service consumers with computing resource providers.
Secure and Scalable: The platform utilizes a layer-1 blockchain with a delegated proof-of-stake consensus mechanism, ensuring secure, decentralized, and scalable computing solutions.
Strategic Partnerships: Cudos has formed strategic partnerships, notably with AMD, a technology giant, enhancing its position as a global technology partner for the development of secure distributed computing.
Monetization Opportunities: Through its 100% monetization platform, Cudos incentivizes early validators, retaining network capacity and providing users with opportunities for passive income generation.
Cross-Chain Interoperability: The platform addresses scalability vertically and horizontally, incorporating a lightning-fast consensus mechanism and Inter-Blockchain Communication (IBC) protocol, enabling cross-chain interoperability.
Environmental Sustainability: Cudos emphasizes sustainability, contributing to a more environmentally friendly approach to computing by utilizing spare computational resources and aiming for carbon-neutral transactions.
User-Friendly Platform: Cudos focuses on user experience, offering a user-friendly computing platform that requires no coding or complex installation, making it accessible to a broader audience.
Global Reach: With a network of over 500,000 users from 145 countries and partnerships with large compute suppliers and buyers, Cudos has already established a global presence.

How Cudos Works

By providing a decentralized platform where users contribute computing power and earn rewards, Cudos redefines cloud computing. It deploys the PoS consensus mechanism via validator nodes to secure the Cudos mainnet (L1).
CUDOS also ensures that developers can access available resources through the user-friendly Cudos SDK and marketplace. This innovative approach ensures security, cost-effectiveness, and environmental sustainability, making Cudos a standout alternative to traditional cloud computing.
Note: If you wish to dive deeper into various intricacies of the Cudos network and the CUDOS platform, make sure to explore the above-outlined project’s official website. It provides you with all the papers, documentation, and other outlets to learn all the ins and outs of CUDOS.

Is Cudos a Good Project?

Given its proven track record, continuous development, tangible solutions, and commitment to sustainability, it definitely shows many signs of strength, at least fundamentally speaking. Plus, in 2022, Cudos won the best cloud computing project award at the AIBC Europe Awards.
That said, we leave it up to you to decide whether you wish to label CUDOS as a good or bad project. Moreover, to confidently answer the title’s question, you ought to conduct thorough research, consider expert opinions, and properly assess your own criteria.

What is the CUDOS Crypto?

In 2021, Cudos introduced its own ERC-20 token – the CUDOS token (CUDOS). The token went live initially on the Ethereum blockchain; however, it can also be bridged to the Cudos network (L1).
Here are CUDOS’ tokenomics:

Token name: Cudos Token
Symbol/ticker: CUDOS or $CUDOS
Networks:
- Ethereum
- Cudos network
Token type:
- ERC-20 (Ethereum)
- IBS (Cudos)
Smart contract address on Ethereum: 0x817bbDbC3e8A1204f3691d14bB44992841e3dB35
Total supply: 10 billion $CUDOS
CUDOS tokens have a ten-year release plan:
- 25% released by January 2022
- 25% released by January 2023
- 25% released by January 2025
- 25% released by January 2031
Initial token distribution:
- Ecosystem and community development 34%
- Team 20%
- Advisors 5%
- Private sale 2.22%
- Public sale (listing) 1.67%
- Strategic investors 3.33%
- Reserve 33.78%

How CUDOS Coin Works and What is the CUDOS Coin Used For?

Your understanding of CUDOS is only complete with a thorough knowledge of the CUDOS cryptocurrency. While the aforementioned tokenomics shed light on various aspects, it’s crucial to grasp the role of $CUDOS within the Cudos network. So, CUDOS functions as the native utility token vital to the seamless operation of the Cudos network. Validators and delegators utilize CUDOS for staking, ensuring network security, earning staking rewards, and actively engaging in network governance. This integral role underscores the significance of CUDOS as a fundamental component of the Cudos ecosystem.
Furthermore, the token’s significance extends to the project’s L2 – the Cudo Compute platform, launched in 2023. This is where CUDOS facilitates the buying and selling of compute capacity on the network.
Also, the token’s utility spans transaction fee payments, staking, and delegation within the CUDOS network. Key token functions also include earning the right to validate and secure the network through a stake of 2,000,000 CUDOS, with rewards distributed in CUDOS tokens.
Beyond the network, CUDOS is used for transactions and cross-chain transactions across the wider Cosmos ecosystem, showcasing its versatile role within the blockchain space.

Full CUDOS Coin Price Analysis

At this point, you might already be asking yourself, “Where can I buy the CUDOS crypto token?” However, before we answer that question and explain how to buy CUDOS crypto effortlessly, we should look closer at the token’s price.
The above image, which depicts the asset’s weekly chart on a logarithmic scale, shows the entire $CUDOS price action so far. After being minted on January 8, 2021, the token started trading four days later. The asset’s listing price was approximately $0.0055, which immediately skyrocketed. After all, on January 13, 2021, $CUDOS reached as high as $0.1278.
Following that peak, the asset pulled back approximately 76% over the next two days, revisiting the $0.030 level. However, it bounced back to set its current all-time high (ATH) two days later (January 17) at $0.1374. Since then, the token entered a long-term downtrend.
Sure, there were several relief rallies along the way, some as high as 300%; however, $CUDOS continued to pull back until 2023. It reached its first bottom on January 6, 2023, at $0.00188. From that level, the asset more than tripled in value in 33 days but was rejected by the $0.0055 region. This pushed the price back down; in fact, this is when CUDOS set its all-time low (ATL). The latter sits at $0.001635 and came in on May 15, 2023.
Following that lowest point, $CUDOS experienced another 200%-plus run over the next three months or so. However, it was again rejected by the $0.005 region and returned to the $0.002 level.
As the entire crypto market rallied in late October and November of 2023, $CUDOS again reached very close to the $0.005 level.

Technical Analysis (TA)

At the time of writing, it seems as if the CUDOS price is preparing to try and break the $0.005 support. Aside from this important level, you can see all other levels of significance in the following chart:
Using a thicker line ensured that the most significant levels of support and resistance for $CUDOS stood out properly. You can find them around these prices:

$0.0020
$0.0048 – $0.0055
$0.019 – $0.021
$0.028

We could use many other TA tools and indicators; however, it is often best to stick to the basics. After all, you can now clearly see the significance of the $0.0048 – $0.0055 region. After all, if $CUDOS were to break above it, there’d be no serious resistance until $0.019 – $0.021. However, for now, the asset’s trading volume remains relatively low. Thus, it may not yet be ready for a breakout. Of course, that can change quickly; for instance, a BTC pump could easily push CUDOS significantly higher.
After all, the Money Line indicator is signaling the “Bullish” tag for $CUDOS on both daily and weekly timeframes:
Note: By opting for the Moralis Money Starter or Pro plan, you get your hands on the Money Line indicator for free!

CUDOS Crypto Price Prediction

Please keep in mind that crypto price predictions can be highly misleading, especially when given on larger timeframes. As such, we encourage you to use Moralis Money‘s $CUDOS page (presented below) to develop your own short-term CUDOS crypto price prediction. By combining the power of the token’s live price and its real-time, on-chain metrics, you should be able to do that quite accurately.
That said, we can still have some speculative fun and offer our CUDOS crypto price prediction. Given the “Bullish” signals from the Money Line indicator, we believe that CUDOS is getting ready to finally break above its listing price of $0.0055. Sure, the token may first revisit some of the lower daily supports (e.g., $0.0038 or $0.0036). However, if the rest of the crypto market manages to push higher, $CUDOS will move up with it.
So, our short-term CUDOS crypto price prediction points to $0.006. Then, the token will need to prove its strength by starting to close its daily candles above $0.005.
As for the end of the next bull run prediction, we believe that CUDOS could reach its ATH price level of around $0.13. After all, the gaming and AI narratives are both rather strong and both in need of computing power.

Is CUDOS Crypto a Good Investment?

Just like we did with the “Is Cudos a Good Project?” question above, we must leave it up to you to research this crypto project and the CUDOS token to determine if it is a good investment for you. Fortunately, you can do this easily with the Moralis Money Cudos token ($CUDOS) page.
That page provides all the resources and tools you need to make an informed investment decision. And if you are starting to think about how to buy the CUDOS coin, don’t jump the coin. Instead, pause for a moment and consider the token’s live price in comparison to its historical price levels. Then, combine that with the asset’s real-time, on-chain metrics (a.k.a. alpha metrics). That way, you will get to time your entries much more effectively!
But first, use this article to determine if you find CUDOS at all interesting. After all, if you don’t, there are many other altcoin opportunities to focus on. However, if you do, just follow the above “$CUDOS” link or use the interactive widget below:

Where and How to Buy $CUDOS

If you are reading this, you most likely found reading about what CUDOS is interesting. If so, let us remind you to use the above-presented page to research this opportunity. Only once you’ve confirmed that you want to buy this token, focus on how to buy CUDOS coins.
Moreover, if you’ve looked at the Moralis Money $CUDOS page properly, you most likely already know the answer to the question, “Where can I buy CUDOS crypto?” Still, make sure to confirm your thoughts below.

Where Can I Buy CUDOS Crypto?

By far, the simplest, safest, and cheapest way to buy $CUDOS awaits you right on Moralis Money’s $CUDOS token page:
Moralis Money’s instant crypto swap feature utilizes the power of the 1inch aggregator to always offer you the best available price. As such, it is one of the cheapest crypto swap platforms. Preselecting the $CUDOS token as the target asset also eliminated the risk of landing on the wrong trading pair. Plus, it is right there where you are conducting your research!

How to Buy CUDOS Coin?

Now that you can answer the question, “Where can I buy CUDOS crypto?” you are finally ready to learn how to buy the CUDOS coin. As indicated above, you start by hitting the “Buy” button on the Moralis Money $CUDOS page. This opens up Moralis Money’s crypto-swapping feature, which provides simple instructions on what steps to take next.
If you look at the above screenshot, you can see that you need to connect your Web3 wallet next. Then, you’ll need to select the token you wish to use to buy $CUDOS and enter its amount. Finally, you’re ready to execute the swap.
Note: If this is your first time swapping cryptocurrency, we recommend you check out our guide on how to swap ERC-20 tokens. However, the animation below should be more than enough to set you on the right track:
Also, if you want more insights into Moralis Money and how to use it, make sure to read our article on crypto trading tools!

What is CUDOS Crypto and How to Buy the CUDOS Coin? – Key Takeaways

What is the CUDOS crypto project? CUDOS is a special project that aims to solve the issues of centralized and wasted computing power. It aims to do so in a decentralized manner by utilizing the power of blockchain technology.
The Cudos network consists of two main components: 1) Cudos’ L1 network, which is essentially a separate blockchain, and 2) the layer-2 network, which is the Cudo Compute platform (application).
What is the CUDOS token? $CUDOS is the Cudos network’s native cryptocurrency with multiple use cases. It powers the network’s L1 and serves as a medium of exchange on its L2.
The best place to determine if/when to buy the Cudos token is the Moralis Money $CUDOS page. Aside from using it to research the asset properly, it also allows you to come up with your own short-term CUDOS crypto price prediction at any time.
Where can I buy CUDOS crypto? On Moralis Money’s $CUDOS page.
How to buy the CUDOS coin? Access the Moralis Money $CUDOS page, hit the “Buy” button, and follow the instruction that the swap feature provides you with.

Whether you end up getting your bag of CUDOS or not, don’t forget to explore other atlcoin opportunities. Fortunately, it is easier to get your hands on the best crypto insights in 2023 than ever before. Thanks to Moralis Money’s core feature – Token Explorer, you can now find the next coin to blow up on autopilot.
Lastly, make sure to watch the video below and learn how to easily deploy the best crypto trading strategies with Token Explorer. It’s time to become a successful crypto trader!