Commercial Data Storage price has risen fivefold in the last 24 hours.
After coming to market at the very end of May, Commercial Date Storage (CDS) ranged at the same price level for 11 days before suddenly leaping up by 540%.
The sudden price jump has led CDS to trend on Coinmarketcap, leading to the attention of traders.
The project says that its protocol is POTS (Proof of Traffic-Measured Storage) which uses “traffic storage consensus technology and focuses on financial traffic storage, and is committed to realizing trust, security, efficient problem solving and promotion of financial business development in financial transactions.”
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Why are traders looking at Commercial Data Storage
After trending on Coinmarketcap and seeing a price increase over 500%, it’s no wonder that CDS is receiving renewed attention.
If its current trend continues, traders buying today could see further gains if the momentum continues.
Trading volume for the project has reached new levels after the last 24 hours saw a spike of 628%. Total volumes are still under $1 million, which means that any traders entering the market would still be very early as of the time of writing.