Cryptocurrencies initially emerged as a new generation of payment solutions designed to address the flaws of the traditional financial system. However, their adoption has been rather slow for a number of reasons. Many projects are working to solve problems that are hampering the mass adoption of cryptocurrencies as a means of payment. In this article, we will look at one of these projects, COTI. We'll explore the COTI platform, its native crypto token and examine this token's price predictions.

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What is COTI?

Coti (an acronym for Currency of the Internet) is a blockchain platform focused on creating a scalable, high-performance, decentralised payment ecosystem for global trade.

We've built everything from the ground up to specifically solve the issues around payments. – Shahaf Bar Geffen, CEO of COTI.

The history of COTI

COTI Group was founded in early 2017 by Samuel Falcon and David Assaraf. Serial entrepreneur Shahaf Bar Geffen was brought in as CEO. The company is registered in Gibraltar but based in Tel Aviv, Israel.

In 2018, a COTI token was issued as an ERC-20 token on the Ethereum network. Over the course of two token sales, COTI raised $16 million.

On 4 June 2019, the Trustchain mainnet was launched. At the same time, an IEO was held on the crypto exchange Kucoin, which raised an additional $3 million. Shortly after the launch of its mainnet, the COTI token was bridged to the Binance network.

In February 2020, COTI MultiDAG was launched, expanding the COTI ecosystem even more.

COTI's features

COTI is a decentralised payment platform designed to address both traditional and cryptocurrency payments globally. Like other cryptocurrencies, it solves the problem of high fees and slow transfers. However, at the same time, it also tries to solve the inherent scalability and volatility problems of cryptocurrencies.

COTI is a Layer 1 ecosystem. Unlike most blockchain platforms, COTI isn't based on traditional blockchain but on DAG (Directed Acyclic Graph). COTI's DAG-based distributed ledger is called the Cluster. Transactions are confirmed in it using the Trustchain algorithm.

COTI uses its own Proof-of-Trust (PoT) consensus algorithm, which combines Trustchain and Proof-of-Work (PoW). This algorithm reduces transaction fees and increases throughput by up to 100,000 transactions per second. The purpose of PoW in COTI differs from its purpose in other PoW-based cryptocurrencies, such as Bitcoin. In COTI, its main function is to protect the network from spam attempts. However, all full nodes in COTI use PoW when attaching new transactions to the Cluster.

One of the key features of the COTI network is Trust Score. This is a metric that each account in the network has and is based on its online activities and payment statistics. It's widely used in the COTI network for efficient transaction processing and risk reduction.

An important element of the COTI ecosystem is MultiDAG, a DAG structure that allows the issuance of DAG-based tokens, similar to the way the Ethereum network serves as the basis for issuing different tokens. Tokens created on the basis of MultiDAG benefit from all the advantages of Trustchain, such as scalability, high throughput, low fees, etc.

In addition, the COTI ecosystem includes the following components:

1. COTI Treasury. This is a decentralised algorithmic pool where COTI tokens can be staked to earn rewards.
2. COTI Pay VIPER wallet. A crypto wallet for tokens supported on the COTI network.
3. COTI Visa Debit Card. A VISA debit card that allows users to convert cryptocurrency into fiat and spend it globally or withdraw funds via ATM, SWIFT or SEPA.
4. COTI Pay Business. A solution for merchants that allows them to receive and process transactions.

The COTI coin is the native token of the COTI ecosystem. This token is used as a common means of payment within the COTI ecosystem, including payment of all fees and staking in the COTI Treasury.

One of the distinguishing features of the platform is its willingness to comply with regulations. For instance, COTI has conducted KYC/AML checks on all COTI coin holders in the COTI VIPER Wallet since inception.

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COTI (COTI) price analysis

As of 19 June 2023, the COTI token ranked 331st among cryptocurrencies by market capitalisation at $52.6 million.

COTI price statistics (as of 19/06/23)

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COTI's price history

COTI began to be tracked on Coinmarketcap.com in June 2019. At that time, its price was around $0.096. The price started to decline and reached its all-time low in November 2019.

This was followed by a recovery, and in February 2021, the price soared. At the end of March 2021, the price reached a local high, and a correction started, which lasted until the end of July 2021. The next wave of growth brought the COTI's price to its all-time high on 1 November 2021. After that, the price decline began, and it's still going on.

COTI technical analysis

At the end of January 2023, the COTI's price broke the global downtrend line and retested it multiple times. However, on 10 June 2023, the price came back to under the downtrend line. Moving averages and MACD indicate bearish sentiment. The RSI is in an oversold area, which indicates a possibility of a rebound, but it's worth noting that the price is very close to the diagonal resistance line. Moreover, a bearish pennant is forming on the chart at the moment.

The nearest support levels are $0.040 and $0.032. The nearest resistance levels are $0.0515, $0.0557 and $0.0656.

COTI (COTI) price prediction 2023

The crypto market is now in a correction aggravated by the SEC's attacks on Binance, Coinbase and a number of crypto projects, including COTI. Further behaviour of the COTI's price in 2023 will depend both on whether the overall crypto market resumes its bullish trend and whether COTI manages to resolve its issues with the SEC.

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COTI (COTI) coin price prediction for 2023, 2025, 2030 and 2040

COTI is an ambitious project that has been noticed by many, including forecasting services. Let's take a look at the COTI crypto price predictions they've made.

Wallet Investor's COTI price prediction for 2023, 2025, 2030 and 2040

Wallet Investor predicts a sharp fall of the COTI's price in 2023, which they estimate will be $0.004024 at the end of the year. After that, the price will start recovering and reach $0.0131 at the end of 2024, $0.0292 at the end of 2025 and $0.0341 at the end of 2026. Following that, the price will start to decline again, and in 5 years, in June 2028, it'll be $0.0162.

CryptoNewsZ's COTI price prediction for 2023, 2025, 2030 and 2040

CryptoNewsZ, on the other hand, expects the token's price to rise. According to them, the price might reach $0.10 in 2023, $0.175 in 2024, $0.275 in 2025, and $0.675 in 2030.

Cryptopolitan's COTI price prediction for 2023, 2025, 2030 and 2040

Cryptopolitan generally agrees with CrytpoNewsZ's forecast. They believe the average price will reach $0.09 in 2023, $0.13 in 2024, $0.19 in 2025, and $1.19 in 2030.

DigitalCoinPrice's COTI price prediction for 2023, 2025, 2030 and 2040

According to DigitalCoinPrice's calculations, the token will be worth $0.09 at the end of 2023, $0.11 at the end of 2024, $0.15 at the end of 2025 and $0.45 at the end of 2030.

Gov Capital's COTI price prediction for 2023, 2025, 2030 and 2040

Gov Capital predicts a pretty significant rise in COTI's price. They think the price will reach $0.249 in a year and $1.469 in 5 years.

Price Prediction's COTI price prediction for 2023, 2025, 2030 and 2040

Price Prediction also expects the token's price to rise. According to them, the average price will be $0.055 in 2023, $0.082 in 2024, $0.12 in 2025, and $0.69 in 2030.

CryptoPredictions'COTI price prediction for 2023, 2025, 2030 and 2040

CryptoPredictions forecast a relatively slow rise in the token price. They believe the average price will grow to $0.0994 by the end of 2023, $0.1049 by the end of 2024, $0.1230 by the end of 2025 and $0.1470 by the end of 2027.

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COTI (COTI) overall future value predictions

Is the COTI coin a good investment?

COTI looks like an ambitious project with potential. The project has some advantages:

• User-friendly payments. COTI aims to change the payment landscape for both businesses and individuals. The platform offers an ecosystem that simplifies accepting and making digital payments.
• Scalability and performance. Unlike traditional blockchain systems, COTI's DAG architecture enables parallel processing of multiple transactions resulting in faster transaction confirmation time and increased scalability.
• Low fees. COTI aims to address the issue of high transaction fees often associated with traditional payment systems and some blockchain networks.
• Security and trust. COTI incorporates various mechanisms to enhance security and establish trust within its ecosystem. In addition, COTI uses a mediation system to resolve disputes, a highly unusual feature for blockchain projects.
• Strategic partnerships. COTI has established strategic partnerships with other prominent projects and companies in the blockchain and payments industries, such as Cardano and Simplex.
• Regulatory compliance. COTI is committed to ensuring regulatory compliance. This may prove attractive to businesses that require a transparent and compliant ecosystem for digital payments.

Nevertheless, the project has several weaknesses that need to be considered:

• Competitor landscape. COTI operates in a highly competitive niche with multiple other blockchain projects and payment solutions providers.
• Privacy concerns. COTI's emphasis on regulatory compliance and implementation of KYC/AML procedures is a clear red flag for individuals who value their privacy. The ever-increasing oppressive scrutiny by regulators is, after all, one of the factors behind the rise in the popularity of cryptocurrencies.
• Censorship concerns. The commitment to regulatory compliance may lead to censorship or restrictions on transactions or user activities deemed undesirable by the authorities.
• Regulatory risks. A recent lawsuit filed by the SEC in which COTI was designated as a security could mean negative consequences for the project.

How high can the COTI coin go?

If the project continues to develop successfully and is able to resolve problems with regulators, reaching a token price of $1.20 looks possible.

COTI (COTI) price prediction today

At the moment, the price is falling. The most likely scenario is a further drop in price with a breach of support level of $0.04, although a small rebound is quite possible.

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