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Coti (COTI)

COTI Price Prediction – Will COTI Price Hit $1.5 in 2021?

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  • Bullish COTI price prediction ranges from $0.59 to $0.95.
  • The COTI price might also reach $1.5 soon.
  • COTI bearish market price prediction for 2021 is $0.40.

This COTI (COTI) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our COTI price analysis and prediction.

The crypto industry was able to end the year 2021 gracefully despite the economic crisis brought by the CoronaVirus. As a result, investors from in and out of the crypto world are now closely monitoring various cryptocurrencies with potential. One of these tokens is the COTI (COTI).

Now that we’ve got some ideas about COTI, do you think COTI will be a profitable cryptocurrency this year? Let us find out together in this CoinQuora COTI (COTI) price analysis and price prediction 2021. But before we go there, let us understand first, “what is COTI (COTI)?”

What Is COTI?

COTI describes itself as the first enterprise fintech platform that enables companies to build their own payment and currency solutions, thus reducing time and cost. Cryptocurrency issuers, governments, digital payments DAPPs, and merchants can all use COTI, one of the world’s first blockchain protocols, to make payments decentralized.

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The first application of COTI is COTI Pay. The firm describes itself as an all-encompassing blockchain-based finance solution. During the year 2017, the COTI Group launched, while the Staking Platform launched on January 1, 2020.

The ecosystem is built specifically to overcome all the challenges associated with traditional finance, such as latency, fees, global inclusion, and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, and fast.

A DAG-based blockchain is part of this ecosystem as well as a proof-of-trust algorithm, multiDAG, GTS (Global Trust System), an integrated payment solution, and a gateway to make the payment process more secure.

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Now that we are fully aware of “what is COTI (COTI)?”, what are we waiting for? Let us now head to our COTI price analysis and prediction for 2021.

COTI Current Market Status

As of the time of writing this COTI price analysis, COTI trades at $0.54 with a 24-hour trading volume of $156,963,605. The price of COTI has decreased by 7.56% in the last 24 hours.

Furthermore, COTI has a current circulating supply of 868,672,118.03 COTI. Currently, the top cryptocurrency exchanges for COTI are Binance, Huobi Global, KuCoin, ZT, and Mandala Exchange.

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Now, let’s proceed to the next part of this COTI technical analysis for 2021.

COTI Price Analysis 2021

Currently, COTI holds the 133rd place on CoinMarketCap. But will the latest upgrades, developments, and changes in the COTI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this COTI price prediction article.

COTI/USDT chart showing Symmetrical Triangle pattern
COTI/USDT chart showing Symmetrical Triangle pattern (Source: TradingView)

In the daily time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that COTI has a higher chance of going bullish than bearish.

As shown above, at the beginning of this month, COTI turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

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COTI Relative Strength Index
COTI Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is close to 37.7, which means that COTI is in an oversold state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of COTI.

COTI 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, COTI ’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, COTI has a competitive market this 2021.

COTI Price Prediction 2021

The chart below shows that COTI has performed great over the past few days. Moreover, the COTI price rose 90% in the last 2 weeks. If this trend continues, COTI might run along with the bulls, overtaking its $0.95 resistance level and rise higher.

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COTI/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone COTI from its uptrend position. In simpler terms, the price of COTI might drop to almost $0.48, a bearish signal.

Meanwhile, our long-term COTI price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.67 this year. Moreover, that will only happen if it breaks many previous psychological resistances.

COTI Price Prediction 2022

If this bullish trend continues, COTI will reach $3 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.5. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $3 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

COTI Price Prediction 2023

The price of COTI can move even great heights, however reaching $15. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Cardano breaks past the psychological resistance level.

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COTI Price Prediction 2024

As per the latest upgrades, developments, COTI price prediction, and new project forecasts of the platform. Moreover, this might boost the price of COTI in the crypto market, and it will be the best investment as the price can spike and reach around $40.

COTI Price Prediction 2025

In the next four years, COTI prices could rise up to $55. However, reaching this level could not be so difficult for COTI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that COTI has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

COTI has a bright future ahead of it in 2021. With the ongoing developments happening within the COTI ecosystem, as well as in the overall crypto market, we may see COTI reach new heights.

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Bullish COTI price prediction 2021 is $0.95. More so, it may even reach $1.5 if investors have decided that COTI is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is COTI?

COTI describes itself as the first enterprise fintech platform that enables companies to build their own payment and currency solutions, thus reducing time and cost.How to buy COTI tokens?

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Users can obtain COTI tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.COTI is a good investment in 2021?

COTI is a good investment in 2021. Moreover, COTI has a high possibility of surpassing its current ATH at about $0.67 this year.Can COTI reach $1.5 soon?

Yes, it’s very much possible that COTI might reach $1.5 in the near future as per the current bullish trend.What will be the COTI price by 2022?

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COTI (COTI) price is expected to reach $3 by 2022.What will be the COTI price by 2023?

COTI (COTI) price is expected to reach $15 by 2023.What will be the COTI price by 2024?

COTI (COTI) price is expected to reach $40 by 2024.What will be the COTI price by 2025?

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COTI (COTI) price is expected to reach $55 by 2025.

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Chainlink

Chainlink (LINK) Keepers Now Integrated by Coti Network’s (COTI) CVI Design: Details

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Coti Network DeFi ecosystem advances its CVI rebalancing mechanism with Chainlink’s instruments

With its new release, Crypto Volatility Index tokens (CVI) by Coti Network (COTI) will be rebased through cutting-edge on-chain instruments.

Chainlink Keepers now empower CVI mechanism

According to the press release shared with U.Today, Coti Network (COTI) announced a crucial upgrade of its crypto volatility index token architecture.

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Starting from October 2021, the underlying supply of volatility tokens will be rebalanced with Chainlink Keepers, an automated decentralized network by the team behind Chainlink Oracles.

With this novelty, every day at midnight (UTC) the supply of volatility tokens will be rebased in order to ensure a robust and accurate pegging to the current volatility of cryptocurrencies markets.

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Shahaf Bar-Geffen, CEO of COTI, stresses that the current stage of Chainlink/Coti integration is a crucial one for the technological progress of his product:

Integrating Chainlink Keepers was a natural next step after using Chainlink Price Feeds to access high-quality options data used in the CVI volatility index calculation. Chainlink Keepers are reliable, decentralized, and seamless to integrate, ultimately offloading manual labor from our developers while still providing strong assurances that our volatility tokens stay pegged to the underlying CVI index.

More options to benefit from crypto volatility

Coti Network (COTI) pioneered the segment of decentralized volatility indexes that act similarly to VIX on stock markets. Traders can benefit from volatility moves in both directions.

Right now, besides ETHVOL tokens being pegged to the volatility dynamics of the first-ever smart contracts platform, Ethereum (ETH), Coti Network is going to introduce CVIVOL assets on Polygon (MATIC).

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As covered by U.Today previously, Coti Network hired VIX creator Prof. Dan Galai to contribute to the release of its most eccentric product, CVI.

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Cardano

Altcoin Project Backed by Cardano Rallies 92% in Just Two Weeks, Leaving Crypto Market in the Dust

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The price of Cardano-backed altcoin project Coti (COTI) is surging.

Data from Coingecko shows that COTI rose from a 14-day low of $0.289679 to a high of $0.643572, representing a rally of 75.8% over the past two weeks. The coin, which currently holds a market cap of $526,540,060 is worth $0.606045 at time of writing.

COTI is an enterprise-grade platform that allows organizations to build their own payment solutions and digitize any form of currency using the networked datastructure protocol Trustchain.

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The rally comes a month after Coinbase launched support for the coin. In August, the exchange announced that its customers could start trading the crypto asset on its platforms.

In April, the Cardano Foundation said that it partnered with COTI, which will serve as the payment gateway provider for ADA Pay that will enable merchants and organizations to accept and manage payments in ADA.

Input Output Hong Kong (IOHK), the blockchain company behind Cardano, also invested $500,000 in COTI through the early-stage cFund.

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Cardano

Breaking: COTI Will Issue Djed Stablecoin on Cardano

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  • Cardano founder declared that COTI will be the official issuer of its new stablecoin.
  • Charles Hoskinson said this during the Cardano Summit.
  • It is said that the Djed stablecoin leverages smart contracts to ensure price stability.

The founder of Cardano (ADA), Charles Hoskinson, revealed in the Cardano Summit that COTI will be the official issuer of its new stablecoin based on the Djed stablecoin protocol.

Presently, Cardano is one of the world’s largest blockchain platforms. For the fast-growing Cardano ecosystem, the new stablecoin is a timely venture. In detail, the Djed stablecoin protocol leverages smart contracts to ensure price stability. What’s more, its smart contract programming mechanism also guarantees that the stablecoin will work effectively for decentralized finance (DeFi) transactions.

On the other hand, COTI is an all-encompassing “finance on the blockchain” ecosystem. It is designed to meet the needs of both centralized and decentralized finance. COTI assures this by “giving a new type of DAG-based base protocol and an infrastructure that is scalable, fast, private, inclusive, and low-cost, and optimized for finance.”

CEO at COTI Group, Shahaf Bar-Geffen, stated:

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The stablecoin ecosystem has matured tremendously over the past few years. Blockchain participants are using stablecoins to engage in everyday transactions because they allow monetary value to be exchanged in a seamless manner, regardless of the sender and recipient’s location. I believe that adding the Djed-based stablecoin to the Cardano blockchain will significantly improve how transactions are settled on the platform.

Furthermore, the Djed operates by maintaining a reserve of base coins. More so, it also lets users mint and burn both stablecoins and reserve coins. According to its creators, there are ongoing discussions regarding the implementation of Djed on Cardano — providing stablecoins in which Cardano’s network usage (transaction) fees could be paid through the “Babel fees”.

Finally, Charles Hoskinson, who’s also the CEO of IOHK — the driving force behind the Cardano platform, mentioned that: “The Djed stablecoin could be a game changer in the crypto space, appealing to an entirely new audience at a time when the industry is already experiencing astronomical growth. Djed shares our commitment to formal verification, proving a robust method of combating the price volatility of crypto markets. COTI has been a long time partner of the Cardano ecosystem, it’s great to have them on board with this new venture.”

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