The matter of global payment systems has become a hot-button topic in recent years. As cryptocurrencies continue to grow exponentially, many have emerged as a means to facilitate cross-border payments and act in a way that decentralises financial tech (fintech) solutions like stablecoins, payment networks, and remittance services.
COTI – Currency of the Internet – has stepped forward in an effort to fill that need. Making an accurate COTI price prediction is something that millions of investors have speculated on, but what does the future hold for this layer-one blockchain?
What is COTI (COTI)?
COIT began as a layer-one blockchain, built to create change current payment systems while also furthering the development of decentralised fintech solutions for remittance services, stablecoins, and payment networks. The network is capable of processing more than 100,000 transactions per second, making it one of the elite next-gen layer one solutions.
COTI also has aims to streamline the resolution process. By making the necessary changes, COTI hopes to counter fraud, user mistakes, and abuse that is all too commonplace in traditional payment systems. With merchant-facing tools and simple user tools, COTI feels like a real revolutionary in an increasingly crowded marketplace. That alone has made it an intriguing entity from an investor standpoint.
Who are the Founders of COTI (COTI)?
COTI was created and established by Shahaf Bar-Geffen in 2017. It was launched with the idea of creating a decentralised payment system that would be housed on the Ethereum network. Because Ethereum wasn’t scalable enough to handle the demands, COTI launched its own network in June 2019.
Shahaf has a background in biotech and economics, having earned his bachelor’s degree in both at Tel Aviv University. He has also founded WEB 3, Positive mobile, and Maple, among other things. He currently sits as the chairman of UnCaged Studios, a gaming studio in the Web3 space.
What Makes COTI Unique?
COTI manages to separate itself largely because of the performance and scalability of its network. It is capable of processing more than 100,000 transactions per second, creating extremely high throughput. The MultiDAG 2.0 technology also allows users to create and issue new tokens with the inherently low costs, scalability, and high throughput that COTI has become known for.
Perhaps more than anything else, the thing that stands out about COTI is that it has a simplified user experience. There are a number of features that allow users with a more basic knowledge of crypto to feel at home. Businesses can cover gas fees for their customers, removing the complexity and making the experience similar to traditional payment systems.
How Many COTI (COTI) Coins are There in Circulation?
Each token that gets released has a maximum supply as well as a circulating supply. More often than not, the circulating supply does not represent the total supply. The same can be said for COTI as the full supply of 4.91 billion tokens has yet to be released.
Currently, there are slightly more than 2.423 billion COTI tokens in circulation. They have been allotted for creators and the development team, for investors, and more. How long it takes for the remaining 2.4 billion tokens to be released remains to be seen.
How is the COTI (COTI) Network Secured?
One of the more unique aspects of COTI is that it utilises a combination of security measures taken from the Ethereum blockchain with a number of garbled circuits. These circuits allow for multi-party computation for complex operations and encrypted transactions. For wallet holders, private keys and local encryption seeds protect users from manipulation and spoofing.
As an Ethereum layer 2 solution, COTI has an inherently decentralised setup as well. The local encryption ensures that any messages sent from a user’s wallet prevents data from being sent via plain text and ensures that they are properly validated along the way.
COTI Ecosystem
In order to make an accurate COTI price prediction, it helps to know more about the ecosystem itself. The COTI Treasury is a key component, a reservoir that allows users to deposit COTI in order to earn rewards. They can adjust rewards by changing lock periods, multipliers, and deposit amounts.
The node ecosystem also allows participants to run partial or full nodes that contribute to network security. Finally, there is COTI V2, the Layer 2 network that allows smart contracts to operate on totally encrypted data, which ultimately provides the safe, secure computations and transactions users crave.
FAQs
What is the history of COTI?
COTI was created in 2017 by Shahaf Bar-Geffen, seeking to become a decentralised payment system located on the Ethereum network. Because of Ethereum’s scalability issues, COTI launched its own mainnet in June 2019. It has since launched the Mainnet 2.0 and the COTI Ecosystem Fund.
What is the highest and lowest price for COTI (COTI)?
The highs and lows of a token can be seen in its price chart. The all-time highest price for COTI came during the crypto boom of 2021, hitting $0.6686 on Sep. 29, 2021. The all-time low came around its launch date, coming in at $0.005563 on Nov. 7, 2019.
What is the market cap of COTI (COTI)?
Determining the market capitalisation of a token comes by taking its current market price and multiplying it by the total number of tokens currently in circulation. When it comes to the market cap of COTI, we use the $0.0339 price and multiply it by the 2.423 billion COTI tokens out there and get a market cap of $82.179 million.
What is the fully diluted valuation of COTI (COTI)?
We can determine the fully diluted valuation of a token by taking the current market value and multiplying it by the total number of tokens potentially available in the supply. It is estimated that COTI has a maximum supply of 4.91 billion tokens at a current price of $0.03391. With that in mind, we get a fully diluted valuation of $82.18 million.
Is now a good time to buy COTI?
For investors that are “buy low, sell high,” now may be the best time to buy COTI because of its price struggles. Over the course of the last year, it has fallen substantially, especially over recent months. That said, experts are anticipating a bullish crypto market in the near future, which could bode well for COTI.
What affects COTI price?
COTI is at the whims of traditional market challenges. The cryptocurrency marketplace is one of the most volatile investments out there, and one look at COTI’s price will show that. With greater regulatory clarity across the board, there may be some more stability introduced into the market.
How do I read the COTI price chart?
The COTI price chart is relatively similar to most of the other tokens out there. The difference is that you use candlesticks with the body showing the range between opening and closing price while the wicks show the highs and lows from that particular period. It can be used to identify trends, analyse models, and make use of various technical indicators.
Can I stake or earn rewards with my COTI?
Like other major cryptocurrencies, COTI can be staked at a number of different platforms. The key is to have a COTI Viper wallet, which allows you to stake your COTI right through the wallet application. There are some third-party wallets out there that allow you to choose a validator and deposit tokens so that you can stake them. Just keep in mind that rewards vary based on market conditions and whichever program you pick.
How do I report my COTI transactions for tax purposes?
It can be a challenge to file COT transactions for tax purposes. The key is to keep detailed records of your transactions, for starters. It is probably better to consult with a crypto tax expert before filing to avoid any potential issues.
How much has the price of COTI changed over the past year?
COTI has had a rough year in terms of value. It showed great growth over the end of 2024, even hitting $0.18 per token. Since then, it has been almost nothing but a decline. It is currently at its lowest price over the last year, down from the $0.098 starting point in October 2024, it has investors concerned.
Where will COTI be in 5 years?
The question that everyone has about COTI is whether it will be a viable investment five years down the road. Currently trading at about $0.0337 per token, experts see slight growth from the token by 2030. It should see an average of about $0.043 per token throughout the year.
