Is it too late to buy CNS after its 750% surge in value?

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Oct 18, 2021
  • Centric Swap (CNS) has grown in value tremendously.
  • This is the consequence of a new partnership as well as a chain migration.
  • Centric Swap protocol signed partnerships with Tourvest Travel Services and Absolute World.

Centric Swap CNS/USD is a Binance Smart Chain-based token, the Centric Network on-ramp and off-ramp token. 

The Centric Network is a dual-cryptocurrency payment network, where CNS can be traded freely on any exchange and offers users access to Centric Rise (CRN) with liquidity.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

A decentralized protocol governs the exchange between these tokens and even self-regulates the supply to meet any changes in the demand.

Real-world adoption and partnerships as a catalyst for growth

The Centric Swap protocol partnered up with several companies throughout the past few months, including Tourvest Travel Services and Absolute World. 

These will essentially allow CNS to get used as a payment option for any traveling expenses.

Additionally, there is even a collaboration with Goldgenie, which specializes in luxury items, and a partnership with the decentralized cross-chain bridge known as CroxSwap.

Additionally, on July 15, Centric Swap migrated from the Tron Network to the Binance Smart Chain, which gave the project access to the active BSC trading community.

Should you invest in Centric Swap (CNS)?

On August 18, 2021, Centric Swap (CNS) had a value of $0.00157741426.

To get a better perspective of what kind of value point this is for the token, we will be comparing it to its performance in September.

CNS’s lowest point in September was on September 9, when the value was at $0.0001087.

Its highest point was on September 23, when the token raised its value to $0.0002054.

Here we can see that from September 9 to September 23, the token increased by $0.0000967 or by 89%.

Its value then rose to $0.0006577 on October 10. This marked a $0.0004523 increase in value or an increase by 220% when compared to September 23.

Eventually, it went to its highest point of October on October 16, when the token was at $0.001763.

In other words, from September 23 to October 16, the token increased its value by 758%.

From October 16 to October 18, the value dropped by 10%, which makes this an excellent time to invest in the Centric Swap (CNS) token, which has the potential to increase its value to $0.00181402639 by the end of the month.

This means that it’s not too late to get some CNS tokens.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. bitFlyer, simple, easy to use and regulated. Register here >