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Highlights
- On 13 December, COTI crypto announced the launch of ‘Santa Binance’s Santa Gifts A Plenty party’ scheme, which has allows the users to get a hand on a Christmas Edition Gift Cards for its users.
- On Monday, it was sending positive signals to the market participants and was up by 4.5% at the time of writing as per CoinMarketCap.
Last few weeks have been very interesting for COTI crypto. COTI crypto has been in action on the crypto market ever since Coinbase’s announcement of supporting COTI on its exchange last month. Just three days later, it announced the staking rewards to its users for the month of November, which generated of enough murmurs of it consolidating in the crypto domain.
With holiday mood kicking in, COTI crypto on 13 December announced the launch of ‘Santa Binance’s Santa Gifts A Plenty party’ scheme which has allows the users to get a hand on a Christmas Edition Gift Cards for its users. Users who opt to send at least one COTI gift card to their friends or families would be eligible for the Santa gifts prize pools.
Besides COTI, Binance has also opened up the theme to other crypto tokens such as ATA, CTSI, IOTX and PYR. These announcements seem to have given the token the impetus to continue its bullish run on the crypto market.
Also read: Will The Pyroblock crypto build on its rally?
On Monday too, it was sending positive signals to the market participants and was up by 4.5% at the time of writing. Not just in terms of price, the mood was reflected even from the volume point of view as it saw a massive gain by 111%.
What COTI brings to the table?
COTI cryptocurrency is dubbed as world’s first blockchain protocol, which offers the DApps and stablecoin issuers a decentralised payment solution. COTI operates on the unique proof-of-trust consensus, which gives the protocol scalable solutions and seamless payment features.
Due to its unique features, COTI allows the enterprises to effortlessly make complex payment process simple and its built-in financing to boot helps in ensuring the buyer-seller protections and stability frameworks.
Besides, it also saves a lot of time and due to its fast-processing speed, and its Directed Acyclic Graph-based protocol ensures that there are no miners in the blockchain network. The DAG ensures that the transactions are not duplicated and ensure the transaction is seamless by referring to the previous transactions.
Also read: Is Binance eyeing Middle East after Singapore pull out?
COTI Crypto : Will the Bulls Outweigh the Bears?
How is COTI faring?
The 180-ranked COTI, according to CoinMarketCap, is trading at US$0.325292 with a trading volume of US$69,282,850 over the past day. With a circulating supply of 868,672,118 COTI coins, the token at the time of writing was having a live market cap of US $282,571,768.
As per market experts, COTI is looking good to solidifying itself after it lost out a bit of its momentum due to recent market crash. They are of the view that 2022 could be a good year for COTI, if it doesn’t see any more drops or a prolonged bearish trend.
Experts believe in 2022, COTI could move up to US $0.680, with a potential to grow by 550% approximately by 2026. Going by that estimates, experts believe we could potentially see COTI hit well over US$600 by 2026, making it a crypto with a potential.
