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What Is the COTI price prediction today
AT A GLANCE
- In 2024, COTI price is expected to reach $0.19, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.0007501965944923511 to $0.23867793190925915, with TradingBeast predicting a breakthrough leading to a price rise to $0.23867793190925915
- By 2030, COTI price can hit $0.19
COTI fundamental analysis
COTI, according to its website, is the first enterprise-grade fintech blockchain optimized for stablecoins creation and digitizing any currency. The creators position it as a next-generation payment network that is supported by the native digital currency.
COTI has developed a payment transaction network to improve the online payment experience for both buyers and sellers. It is optimized for decentralized payments and can be used by merchants, governments, payment dApps, and for issuing stablecoins.
The network's primary use case is the facilitation of the payments. COTI has been focused on the creation of a cluster, a base level protocol using a directed acyclic graph structure. That allowed to create a fraud-resistant decentralized platform that's disruptive to the existing payment infrastructure. The project’s infrastructure includes DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution, and a payment gateway.
COTI can process around 100,000 transactions per second. It cuts out intermediaries and eliminates the need for costly mining, reducing the costs and the energy consumption. COTI also works on the price stability technology for the mass adoption of blockchain for payments.
There are mediators on the COTI blockchain who resolve the disputes with a delegated proof of stake. It has its own Trustchain protocol that incentivizes good network behavior. Thanks to it, a transacting person can move through the system fast and for a very low cost.
COTI is a DAG-based native token that powers COTI blockchain. As the network doesn’t allow any mining activities, no ways exist to create or destroy the coins. The total supply of COTI is 2 billion tokens and 868 million are now in circulation. 30% of the supply was distributed during the token sale, 45% were kept for incentives and rewarding programs on the blockchain, 15% was kept for further development and 10% was allocated to the project advisors.
COTI live price chart
The token started in 2021 traded for $0.05 and just in 3 months reached $0.5, riding the wave of the spring bull run of the crypto market. After that, it got affected by the major crypto pull-off and stayed in the downtrend till the beginning of August when the crypto prices went up again.
By the end of August, the COTI token managed to recover its price and was trading around $0.48, but on August 31 it went for a massive correction losing around 30% of its price in one day and falling to $0.31. The price kept bouncing till September 21 when it fell to $0.29 and then skyrocketed to $0.56 the next day. The asset kept gaining value till September 29, when it hit $0.64. It was followed by the price correction and then the price reached $0.65 on November 1.
From that time the COTI price chart started to decline and was in a downtrend till the end of December. On December 21 the asset started to recover and finished the year traded for $0.35. Overall, COTI gained over 900% in 2021 and finished the year close to its all-time high of $0.6826.
From the beginning of 2022, COTI price was going up and down bouncing between $0.42 and $0.31. In the last two weeks along with the bearish season of the crypto market COTI token went down and is trading around $0.3.
Many crypto enthusiasts believe in the future of COTI and its token. The team planning numerous collaborations and developments coming this year, which can cause the COTI coin price to go up.
COTI technical analysis
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