Bitcoin Forum

I went on HitBTC one day that this COSM was boosting up like crazy and I don't know the reason why...?
Does anybody know what it is and why? ???
https://hitbtc.com/exchange/ (https://hitbtc.com/exchange/)

It's probably because Kakao (a large Korean social media company) invested in them recently.
I came across that as well and I found an article regarding this. I'm assuming this is probably what's pumping it.
There's quite a lot of news on them on Google.
https://cryptocalibur.com/cosmochain-ico-review/

Hi, I've been looking at this as well. I'd appreciate it if you share any info you found.

It may be the pump from the Korean Social Media Platform, Kakao. But there could be other reasons behind it too. This one just seems the most evident one.

Maybe it’s just a manipulation by the whales. You’ll see many shitcoins getting pumped at different exchanges everyday. besides, I’ve heard that some Korean company has invested in them and there has been some buzz about cosmo coin on the internet. We can certainly know for sure if the coin will survive by the next few months.

COSM is kind of altcoin that is associated with renowned cosmetics brands that allows customers to pay by this coin. The use cosmetics among women are very high and that is the reason COSM is rising on HitBTC in the recent time.

Yes COSM is rising on HItBTC because of its association with cosmetics brands. Well-known brands have allowed people to pay for cosmetics through COSM coin. And we all know how much ladies love to use cosmetics that why their use of this coin is rising.

it is a very user friendly coin especially for women who consume cosmetics for enhance their beauty. This coin is associated with purchasing different brand’s cosmetics and payment system. That is the reason it is rising on the HitBTC.

You cannot really predict the cryptocurrency market. It is always fluctuating. The boost up of price of cosm is believed to be due to the investment of Kakao in them . The exact reason is yet not known.