Highlights
- The interest of crypto enthusiasts in COTI crypto could be due to the announcement that the network will add a new community node.
- The COTI crypto catapulted in late August when it got listed on cryptocurrency exchanges like Huobi and Coinbase.
- COTI is a financial technology (fintech) platform that uses blockchain to perform various functions and offer a wide variety of products.
The COTI cryptocurrency has surged 10.3 per cent in the last 24 hours, and it was trading at US$ 0.427703 per token at the time of writing on Tuesday, November 30. According to CoinMarketCap data, the 24-hour volume of the cryptocurrency has skyrocketed by 304 per cent to $187.2 million.
The interest of crypto enthusiasts in COTI crypto could be due to the announcement that the network will add a new community node from December 1. The new node is expected to go live on the COTI MainNet with nine million COTI staking capacity, and it will increase the total staking volume to 160 million COTI tokens.
The COTI crypto catapulted in late August when it got listed on cryptocurrency exchanges like Huobi and Coinbase. Ever since then, it has remained on the watchlist of many crypto enthusiasts.
What is COTI crypto?
It is an acronym for "currency of the internet", and it is a protocol based on blockchain technology. It was created for processing decentralized payments that can enable governments and businesses to issue their coins.
© 2021 Kalkine Media Inc.
COTI is a financial technology (fintech) platform that uses blockchain to perform various functions and offer a wide variety of products like white-label payment systems, payment processing, cross-border remittance technology and financial services.
Also Read: EverGrow crypto set to explode in 2022? Know price prediction
The protocol was co-founded by Samuel Falkon, chief revenue officer at Paywize, a COTI subsidiary and vice president of business development at COTI Group.
Bottom line
The COTI crypto has a total supply of two billion tokens and has a circulating supply of 868.7 million tokens.
According to CoinGecko data, the COTI crypto clocked an all-time high (ATH) of US$ 0.669 apiece on September 29, 2021.
The COTI crypto is currently trading 35 per cent lower in comparison to the ATH. However, it is still up by about 818 per cent since the past year.
If the present momentum continues after the launch of the new node, the COTI crypto could surge past its ATH in the next few weeks.
Those interested in buying this cryptocurrency could visit the cryptocurrency exchanges like Binance, Huobi Global, Coinbase, and Mandala Exchange.