COTI (COTI) crypto: How high can it go after stablecoin launch declaration

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COTI (COTI) crypto: How high can it go after stablecoin launch declaration

 COTI (COTI) crypto: How high can it go after stablecoin launch declaration
Image source: © Alexanderushkevich | Megapixl.com

Highlights

 

  • COTI is a Layer-1 blockchain platform that operates on the Proof-of-Trust (PoT) consensus to validate the transaction.
  • As a first enterprise-grade fintech platform, COTI combines a directed acyclic graph (DAG) data structure to meet the challenges associated with the traditional finance related to latency, fees, etc.
  • COTI, according to CoinMarketCap, is trading at the US$0.265841 with a volume of US$37,440,020 over a day.

In the last 30 days, COTI (COTI) crypto has been witnessing mixed fortunes. It has seen rallies as well as slumps showcasing its volatility in the token. But of late, the COTI crypto has been on a high and has witnessed a gain of over 5%.

COTI is a Layer-1 blockchain platform that operates on the Proof-of-Trust (PoT) consensus to validate the transaction. As a first enterprise-grade fintech platform, COTI combines a directed acyclic graph (DAG) data structure to meet the challenges associated with traditional finance related to latency, fees, etc. 

COTI stands apart from the crowd because it seamlessly pays for features and ensures buyer-seller protection and stability frameworks. This allows COTI to save time and increase processing speed. 

Also read: Ellipsis (EPS) crypto: Why is it gaining attention today?

Why is COTI trending? 

COTI seems to be making a run towards rally due to its announcement of its MultiDAG 2.0-layer launch. This will allow the COTI protocol in issuing new tokens on top of its Trustchain. This will also enable the COTI mainnet to create a governance token for COTI’s treasury. The new token is expected to be another enterprise-driven token built on its Trustchain. 

Another reason for its rally is its partnership announcement with Cardano’s first NFT Gaming platform. Besides, Djed adoption will allow the COTI protocol to buy and sell NFT game assets to the Revelar’s system. 

COTI price performance 

COTI, according to CoinMarketCap, is trading at the US$0.265841 with a volume of US$37,440,020 over a day. The token was up by 5.72% in the last 24 hours, with a live market cap of US$278,639,014 and 1,048,141,495 COTI coins in circulation. 

Also read: What is Ethereum's Shadow Fork PoS testing all about?

In the past 30 days, COTI token had witnessed a rally of 36.7%, but then it slumped into the red zone, registering losses of 3.9% in the past seven days. This showcases the volatility in the market, but market participants can also be buoyed by the fact that the recent developments have pulled COTI back into the green zone. 

Though it sounds interesting, one needs to be wary of such price fluctuations and need to keep a strict vigil and do market research before making any investment decisions.

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