Currency Of The Internet $COTI
This is not a financial advice to buy COTI. This is to educate about the project. Always do your own research before buying something.
COTI has its own blockchain called Trustchain, but to make purchasing easier, it is also available on the Ethereum blockchain. Most buyers are on the Ethereum chain as it provides an easy buying option on most of the exchanges.
As the name suggests, it aims to become digital currency. A digital currency that can be used for everyday transactions for buying and selling things and services, like a traditional currency but it provides fast, secure, and low-cost transactions.
Directed Acyclic Graph (DAG)
COTI has a unique algorithm that uses multi- DAG data structure to process its transactions. It increases the efficiency handle the larger numbers of transactions per second (TPS) with minimal fees and low latency.
Trustchain
Trustchain, the native blockchain of COTI can process up to 100,000 transactions per second, Making it a suitable fit for a digital currency that can handle a large number of payments when big adoption happens.
Beside that COTI also offers crypto debit card and wallet to make online payments easy and convenient.
Key details-
Symbol- $COTI
Total Market Cap- 122 million dollars
24 hour Trading Volume- 14 million dollars
Circulating supply- 1.5 billion COTI (78%)
Total supply- 2 billion COTI
Technical analysis
Price is forming a bull flag in higher time frame. After the notorious dump, price fell below yearly open but recovered quickly.
In my opinion, the area below the yearly open is a good buying zone, and we can dollar-cost average (DCA) at the lower trendline (green line).
First partial take profit target should be the trendline resistance (Upper green line) or the supply zone of $0.122.
If we look at the liquidation heat map, there is some liquidity left near $0.06 level that suggests that price may go to retest this level. That provides a confluence with our lower trendline.
$COTI / $BTC pair
$0.00000119 again proved as a strong support as price reversed quickly. We may see a retest to this level but after that, price might create another lower high in my opinion.
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