Why COTI (COTI) crypto is zooming today?

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Why COTI (COTI) crypto is zooming today?

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 Why COTI (COTI) crypto is zooming today?
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Highlights

  • COTI (COTI) crypto claims to be the first enterprise-focussed platform, which allows them to build their own payment solutions.
  • On 18 July, COTI was witnessing a rally as it was up by 4.89% and a volume gain of 17.37%, according to CoinMarketCap.
  • COTI, according to CoinMarketCap, was trading at US$0.104705 with a volume of US$1,94,06,342 over a day.

COTI (COTI) crypto claims to be the first enterprise-focussed platform, which allows them to build their own payment solutions. COTI also allows them to digitise currency, thereby saving up time and money. As blockchain protocol focussing on payment solutions, it caters to merchants, governments, payment DApps, and stablecoin issuers.

As a Layer-1 blockchain platform, it operates on the Proof-of-Trust (PoT) consensus in order to validate the transaction. COTI combines the twin feature of DAG and a feature that makes the system scalable, private, inclusive, and fast.

On 18 July, COTI was witnessing a rally as it was up by 4.89% and a volume gain of 17.37%, according to CoinMarketCap.

Why is COTI rallying? 

The exact reason for the COTI rally today is unclear, but it seems to be making waves following COTI’s announcement of its MultiDAG 2.0 hard fork release date. COTI’s MultiDAG 2.0 hard fork is expected to take place on 2 August, which will see COTI launching a new DAG token CMD (COTI MultiDAG).

The CMD protocol is expected to allow the enterprise tokens to be generated and minted on COTI’s Trustchain. These tokens are expected to see features of Trustchain, which will include features, such as high throughput, lower costs, and seamless payment applications.

What makes COTI crypto unique is its ability to process almost all kinds of payment types, including the likes of stablecoins and cryptos. With features, such as built-in financing, it is able to connect with the white-label payment network. A white label payment gateway is form of personalised payment solution which allows enterprises to bring their own payments solutions.

COTI price performance 

COTI, according to CoinMarketCap, was trading at US$0.104705 with a volume of US $1,94,06,342 in the last 24 hours. The token had a live market cap of US$10,97,46,139, and 1,04,81,41,495 COTI coins in circulation. 

In the last month or so, COTI has gained almost 18.4%. In a week, it has gained 9.4%. The rally at this point in time has worked for COTI’s investors, who would be hoping the rally strengthens for some more time.

But cryptos are known for their volatile nature. So, investors should be extra cautious before putting in their money.

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