As of December 17, 2024, CoW Protocol (COW) is trading at approximately $0.7673, reflecting a 14.89% decline in the past 24 hours, with a 24-hour trading volume around $140 million.
Recently, COW experienced a significant surge, with its price increasing by 50% to approach $1, setting a new trading volume record at $461 million.
This surge is partly attributed to the World Liberty Financial project, led by Donald Trump, utilizing CoW Swap to purchase over $50 million in various cryptocurrencies, including ETH, LINK, and AAVE.
Technical analysis indicates that COW has broken past key levels, reaching $1.0376 before a slight pullback, with bulls maintaining control.
Price predictions suggest a potential rise to $3.11 by January 14, 2025, indicating a 230.18% increase.
Given these factors, shorting COW at this time carries significant risk due to recent bullish momentum and positive market sentiment. It's essential to conduct thorough research, assess your risk tolerance, and consider consulting a financial advisor before making any trading decisions.
