COTI, also known as the “Currency of the Internet,” offers a layer-1 blockchain with a corporation specializing in unique decentralized finance (DeFi) solutions.
Its primary features include a blockchain for rapid, low-cost payments backed by a unique voting process known as Proof of Trust (PoT) and a directed acyclic graph (DAG) structure for scalability.
Furthermore, COTI will be offering privacy features presently being developed, enabling various DeFi applications such as stablecoins, remittance services, and payment networks.
Coti Price Today
As of today, COTI’s price is $0.06869 USD. The price is up by 12% in 24 hours, and from seven days, the price is up by 13%. The total market cap is $104,178,249 USD, with a supply of 1,516,714,726 COTI.
Coti Price history
Coti all-time-high
COTI (COTI) is a cryptocurrency that has been in the market for over four years now. The highest price ever paid for COTI was $0.6686, recorded on September 29, 2021. This was over two years ago, and the price has fluctuated dramatically. The current price is 89.94% lower than the all-time high price.
Coti all-time-low
Similarly, the lowest price ever paid for COTI was $0.005563, recorded on November 7, 2019. This was over four years ago, and the price has steadily risen since then. The current price is 1,109.12% higher than the all-time low price.
It’s worth noting that the cryptocurrency market is highly volatile, and prices can fluctuate drastically within a short period. Therefore, keeping track of the latest market trends and making informed decisions when trading in cryptocurrencies is essential.
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Latest developments and News on Coti
Recently, COTI has made outstanding progress in developing Ethereum privacy solutions. On January 28th, 2024, they announced their Ecosystem Fund, which will help developers create privacy-focused applications using Coti’s upcoming layer-2 solution with Ethereum.
This program is planned to drive innovation in the privacy sector within the Ethereum community. Before this, on January 26th, 2024, COTI celebrated the successful soft launch of their first Private Payment Network (PPN) service and associated cryptocurrency, Delta Platinum INR. This is a milestone point in COTI’s journey to improve privacy features in the blockchain space.
Technicals of Coti coin
The price has broken the falling wedge and retested successfully. Currently, it is bouncing nicely upward. Further, If it breaks the horizontal ray resistance level then, we will see a strong bullish move in COTI.
Our technical analysis indicates that Coti’s 200-day Simple Moving Average (SMA) will likely increase in the upcoming month and is expected to reach a value of $0.056305 by March 2024.
This means that the average price of Coti over the last 200 days will gradually increase, which could indicate a bullish trend. Moreover, our analysis suggests that Coti’s short-term 50-day SMA will be valued at $0.061409 by March 2024. This indicates that the price of Coti in the short term is expected to move slightly higher in the next few weeks.
Currently, the RSI value for Coti is 57.33, indicating a neutral market. An RSI value between 30 and 70 suggests that the cryptocurrency is not overbought or oversold.
However, it’s important to note that RSI is just one of the many indicators used in technical analysis, and it should always be used in conjunction with other indicators to make informed investment decisions.
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Price prediction of Coti
Price prediction depends on various factors, news and market sentiments, developments, and many other things. Considering the various factor, The COTI price prediction for 2024 predicts a minimum trading price of $0.0964. During the same period, COTI’s average trading price could be $0.118, with a maximum price of $0.139. The volume has a significant impact on the cost of COTI.
Endnote
In conclusion, it is obvious that COTI has an excellent future, but there are numerous factors that could influence its price in the following years. As the market evolves and grows, we can expect more exact and dependable COTI price estimates in the future. Whether you are a current investor, a potential enthusiast, or simply interested in cryptocurrencies, now is an exciting time to be a part of this rapidly expanding sector.
Overall, keep in mind that the cryptocurrency markets are extremely volatile and unpredictable.