Cocos-BCX Price Prediction 2023-2030: Will COCOS Price Hit $4 Soon?

• Cocos-BCX (COCOS) price prediction ranges from $1.5765 to $3.5.
• Analysis suggests that the COCOS price might reach above $4.2 soon.
• The COCOS bearish market price prediction for 2023 is $0.8064.

What is Cocos-BCX (COCOS)?

Cocos-BCX is a public blockchain platform that aims to provide a comprehensive environment for blockchain game developers. It offers a user-friendly platform for blockchain game development to game developers and aims to give users complete control and transparency over in-game virtual assets. Cocos-BCX facilitates inter-chain and inter-domain asset exchange by supplying multi-chain asset standards and cross-domain gateways.

The CocosChain, a public blockchain that employs a variant of the Delegated Proof-of-Stake (DPoS) consensus mechanism, is a key component of Cocos-BCX. NHAS-1808 is a proprietary token standard for fungible and non-fungible digital assets developed by the project. Furthermore, Cocos-BCX includes an integrated runtime environment for games that supports multi-system compatibility and blockchain interoperability, a complete exchange gateway that supports cross-chain transactions for homogeneous and non-homogeneous assets, and a cheat-proof verification mechanism.

The COCOS token has several applications, including payment for gas fees, DPoS consensus staking, and blockchain governance staking. Cocos-BCX aims to increase the number of games available to players while also allowing them to better manage their virtual assets. Cocos-BCX is a promising blockchain game development platform due to its emphasis on game-centric data structure, multi-chain interoperability, asset-contract compartmentalization, and light nodes.

COCOS-BCX is a public blockchain platform that uses DPoS consensus and advanced sharding techniques to ensure secure transactions with high transaction throughput. To protect against third parties and malicious actors, the network employs a variety of measures, such as dynamically encrypting data, verifying contract callers’ identification and permission, and executing contracts in a Trusted Execution Environment. To ensure secure and efficient network operation, COCOS-BCX prevents unknown or self-identified nodes from joining the network and hides process variables in a single contract operation.

Cocos-BCX (COCOS) Current Market Status

Cocos-BCX (COCOS), which has a total supply of 71,051,748 COCOS, is trading at over $2.30 on CoinMarketCap. The 24-hour trading volume for COCOS is $254,717,772, up by 76.5%. And during the past 24 hours, the price of COCOS has increased by 4.12%.

The most well-liked cryptocurrency exchanges for trading COCOS are Binance, KuCoin, Gate.io, Bitget, Phemex, and BKEX. Let’s continue looking at COCOS prices for 2023.

Cocos-BCX (COCOS) Price Analysis 2023

On CoinMarketCap’s list of the largest cryptocurrencies, COCOS is ranked 231st place by market capitalization. Will the most recent hypes on COCOS additions, upgrades, and tweaks lead to a price increase? Let’s first concentrate on the COCOS price projection charts from this article.

Cocos-BCX (COCOS) Price Analysis – Keltner Channel

When volatility bands are placed on each side of an asset’s price, the Keltner Channel can be used to detect a trend. The Keltner Channel signals for COCOS/USDT can be used to forecast the price of Cocos-BCX (COCOS). Cocos-BCX is in the upper part of the Keltner Channel, meaning that more people are accumulating Cocos-BCX rather than selling it. We should wait for a reversal or a better entry point in order to increase the reward-to-risk ratio and achieve a better risk-free situation.

Cocos-BCX (COCOS) Price Analysis – Relative Strength Index

The RSI is more stable during uptrends than during downtrends. It makes sense, given that the RSI measures gains and losses. During an upswing, more big gains result in a higher RSI. In contrast, the RSI tends to stay at lower values. The 1-Day chart number is 81.60. It indicates that the market has reached the overbought region and is expected to have a few retracements. Investors should wait for more confirmation patterns before entering the trader to lower the potential risks.

Cocos-BCX (COCOS) Price Prediction 2023

Looking at the 1-day COCOS/USDT chart, it appears that the COCOS token has gained 0.62% in the last 24 hours. The RSI value, on the other hand, has risen above the critical 70 levels, indicating a possible retracement. Despite this, COCOS is trading above its 200-day moving average, indicating that the coin is on a bullish trend. According to our analysis, a successful break of the current resistance level would likely drive COCOS to a value of $3.6 in 2023.

Based on our long-term COCOS price prediction, we are bullish on the token as long as it maintains its support level.

Cocos-BCX (COCOS) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect COCOS to trade at a price, not below $4.2 by the end of 2023.

Cocos-BCX (COCOS) Price Prediction 2025

We should expect the price of COCOS to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, COCOS could end 2025 by trading at around $5.27.

Cocos-BCX (COCOS) Price Prediction 2026

Since the maximum supply of COCOS is approached by 2026, the bearish market that follows a COCOS bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of COCOS could break the usual trend and trade at $6.5275 by the end of 2026.

Cocos-BCX (COCOS) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of COCOS could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, COCOS could trade at $8.17 by the end of 2027. 

Cocos-BCX (COCOS) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is possible that the market could attain higher high values. Cocos-BCX (COCOS) could hit $10.2 by the end of 2028. 

Cocos-BCX (COCOS) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of COCOS to $12.56 by the end of 2029. 

Cocos-BCX (COCOS)  Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We expect the price of Cocos-BCX (COCOS) to trade at around $15.06 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Cocos-BCX (COCOS) Price Prediction 2040

According to our long-term COCOS price estimate, COCOS prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $35 by 2040. If the market turns bullish, the price of COCOS could go up beyond what we predicted for 2040.

Cocos-BCX (COCOS) Price Prediction 2050

According to our COCOS forecast, the average price of COCOS in 2050 might be above $82. If more investors are drawn to COCOS between these years, the price of COCOS in 2050 could be far higher than our projection.

Conclusion

COCOS might reach $3.5 in 2023 and $15.06 by 2030 if investors decide that COCOS is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.