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- $COTITotal Market Cap- 122 million dollars24 hour Trading Volume- 14 million dollarsCirculating supply- 1.5 billion COTI (78%)Total supply- 2 billion COTITechnical 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.

$STX

Introduction-
Stacks ecosystem is a comprehensive platform that extends Bitcoin’s functionality by enabling smart contracts, decentralized applications (dApps), and digital assets on top of the Bitcoin blockchain.
In simple words, Stacks is trying to make Bitcoin more than the digital money.
It aims to enhance Bitcoin, its services and functions. It increases Bitcoin’s functionality by enabling smart contracts, decentralized applications (dApps), and digital assets on top of the Bitcoin blockchain.
Stacks enables the creation of digital assets that are directly tied to Bitcoin addresses. This means that users can create and manage tokens and other digital assets using their Bitcoin wallets.
Stacks powers atomic BTC swaps and assets owned by BTC addresses. Atomic swaps are peer-to-peer exchanges of cryptocurrencies from different blockchains without the need for a trusted third party. It means Stacks allows the direct exchange of BTC for other assets on the Stacks blockchain without needing any middleman.

Blockchain
STX uses its own blockchain, the Stacks blockchain but it connects to bitcoin for security. Stacks enhances Bitcoin by enabling smart contracts and decentralized applications (dApps) without modifying Bitcoin itself. It uses the Bitcoin blockchain as a secure base layer.
So Stacks uses its own blockchain but with its close integrity to BTC, Stacks is bringing functionality of smart contracts and decentralized applications to the Bitcoin ecosystem while providing additional features and capabilities.

* Some unique facts about Stacks-

* Greyscale, one of the world's largest digital asset management firms, has included Stacks (STX) in its portfolio of investment products. Greyscale also launched a Stacks Trust, which lets big investors get involved with STX without needing to buy, store, or handle the cryptocurrency themselves.
Basically Greyscale is endorsing Stacks as Stacks is totally connected to Bitcoin.

*No entity in the market holds more than 10% of the circulating STX supply. Even the early investors and entities typically hold less than 5%. These statistics are self-reported and gained from on-chain data, which naturally updates over time.

* Muneeb Ali, the co-founder of Stacks, spoke at TEDx in 2016. In his talk, he discussed the potential of blockchain technology to create a user-owned internet and how Stacks aims to bring smart contracts and decentralized applications to Bitcoin.

* Future plans-
STX is planning to launch sBTC that will be backed by BTC with 1:1 ratio. It is also working towards reducing transaction fees and increasing the speed of transactions on the Stacks blockchain. Another focus is implementing and supporting Layer-2 solutions to improve the scalability and transaction on Stacks network.

* Technical Analysis-
The price is struggling to break out of the descending channel. We are waiting for the price to move above this channel. Currently, it is still trading below the 100-day moving average. To start an uptrend, the price needs to flip this level, as it has acted as strong resistance. If the price fails to break out, we can expect possible bearish movement and continued trading within the channel for a while.

#BinanceTurns7 #Bitcoin_Coneference_2024

Celestia ($TIA)
Celestia is arguably the first modular blockchain network. I am going to use some heavy words in the beginning so I sound smart, but later I will explain everything like we explain to a 5-year-old.
Celestia makes it easy for projects to deploy their blockchain with minimal overhead.
First, let me tell you an interesting fact about the CEO of Celestia, Mustafa Al-Bassam. He is also the cofounder of ChainSpace, which was later acquired by Facebook. The intersecting fact is that Mustafa is a professional hacker. Ooo...now we are talking about some dope stuff. When he was 16 years old, he cofounded a hacker group called LulzSec, and the manifesto of this group was "We screw each other over for a jolt of satisfaction.", very cold huh. This group executed numerous high-profile breaches, including those of Sony, Fox.com, the FBI, and even the CIA website.
Now, let's learn what a modular blockchain is. Basically, there are two types of blockchains:
Monolithic and Modular. Bitcoin, Ethereum, and Solana are monolithic blockchains. Blockchain has mainly four components:
Execution - Executing transactions.
2. Settlement - Deals with dispute resolution, validity of blocks, and acts as a bridging layer.
Consensus - Puts transactions in order.
Data Availability - Publishes the data on the blockchain.
The difference between monolithic and modular blockchains is that a monolithic blockchain handles all these four components by itself, which reduces efficiency, while a modular blockchain can choose to specialize and optimize on a few components, making it more efficient. For example, Ethereum Rollups are modular blockchains that focus only on execution while offloading the other three components to the Ethereum mainnet. In the case of Celestia, it focuses on consensus and data availability, making it more efficient than traditional blockchains.
This allows the network to manage larger amounts of data without increasing the cost to secure the network.
Key details:
Token symbol: $TIA
Contract: secret1s9h6mrp4k9g||4zfv5h78||68hdq8ml7jrnn20
Market cap: 1.27 billion dollars
24-hour trading volume: 157 million dollars
CoinMarketCap: https://coinmarketcap.com/currencies/celestia/.
Technical Analysis (TA)
TIA/USDT
The price is now approaching the support of the lower time frame. I expect a possible bearish movement towards the support level of $5.9. However, the price bounced quickly from the liquidity area of $4-$5. If we get another chance, this could be a good area to enter a position.

Hello fellow traders
In order to maximise your returns in coming months, you can’t lethargically sit on your bags. 99% people do this and sure, they also earn profit but reaming 1% earns most. There are 2 aspect of this thing- sometime it’s best to be a diamond hand and hold your promising bag so you earn most of it and sometime it’s wise to sell your coins and get out after you make good profit
Think like a smart trader, do some work, start analysing your bags and arrange them like a pro.
It is a great time to reevaluate your portfolio so you can maximise your profit in upcoming Bull run. That’s what I have been doing past weeks. If you’ve been holding some bags which you think can’t deliver, then it’s better to move on to some great projects who are working hard and sound promising. You should never get emotionally attached to coins. Some people say “ Oh I love this coin, I would never sell this.”
That’s a very fuked up thing to say in my opinion because you are not here to join a cult. You are here to juice the market in most way that you can. If you not here to earn dollars then sure, buy your favourite coin and join the fandom on twitter.
So here are few things that you can do to maximise your profit-
* Instead of chasing so many projects, keep your portfolio limited to few tokens so you have more exposure.
* You can’t buy each coin so don’t put your money every time you see someone talking about a coin.
Instead try increasing the size of the bags that you already own.
* Most of the time influencers promote a crypto. So when they say “Oh this crypto looks really promising, I am going big”, it’s paid shill. They got paid in the token itself and when you normies buy it, they sell their tokens.
Again, not everyone does it. Some people are really wise and genuine out there who do their research and talk about good projects. But it is difficult to tell who is who. So better do your own research, read about projects, its roadmap, the team behind it and then decide.
* Decide your exit point also when deciding your entry point in some crypto. Right after buying a coin, you should plan your exit strategy too. Gone are the days of when you buy some coins worth of $1000 and all you had to do it to wait for 3 years to be a millionaire. Don’t hope for extreme profit like 10,000x.
Some projects gonna deliver massive profit but still book profit in steps because no one goes broke booking profit. So booking profit is always good and if you won’t, someone else will.

*German Government is selling its Bitcoin treasury.
* Japaneses crypto exchange Mt. Gox begins the repayment in Bitcoin to its user and the news is that 99% of total Bitcoin will be sold.
* Labour Party won the election in UK which always has “Anti Cryptocurrency Stance”.

You have been hearing some bearish news at the moment and probably thinking how come all of these negative/ bearish things appeared together all of the sudden or why there is negative news coming one after another.
The answer is, It’s actually designed this way. Smart money likes to play the game this way. Bitcoin is more than a trillion dollar asset and some big players are involved in this. So they hold the negative news and when market starts correcting, they drop them one by one like USA dropped Little boy and Fat man on Japan.
They hold the news to use it as “Fuel” when the time comes.
Here is an example to understand this more effectively-
In the first quarter of 2021, Price of Bitcoin surged massively.
In April 2021, Bitcoin created an All time high when Price surged to almost $65,000. After that there was a correction to $47000 and then price retested around $60,000 on 10 May 2021.
Here is the chronology of what happened in those months-

14 April- Bitcoin created its all time high by reaching to near 65,000 USD.

17 April- Gary Gensler was appointed as chairperson of US Security and Exchange Commission. ( He started giving anti Bitcoin statement right after that)
Gensler reiterated the SEC's stance that Bitcoin is a "speculative, volatile asset" that is primarily used for illicit activities, such as ransomware, money laundering, and terrorist financing. He contrasted Bitcoin with precious metals like gold, silver, and platinum, which have consumer and industrial uses.

11 May- Bitcoin pumped again to 60,000 USD.

13 May- Elon Musk suddenly realised Bitcoin is bad for environment. He tweeted “Tesla has suspended vehicle purchases using
Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.
Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.
Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy.
We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction.”

18 May- China banned Bitcoin mining.

I think you get my point here. These things happen each year.
In 2022 we witnessed Luna and FTX crashes and some other major companies like BlockFi, Celsius, 3 Arrows, and Voyager digital went bankrupt. The whole point of Bitcoin was to build a decentralised system so any centralised institution cannot control it and wrong decisions taken by few people can’t have any impact on it but still Bitcoin got affected so much by these centralised institutes and by the wrong decisions taken by only few people who were the heads of those companies.

So what can we do after knowing all this?
Nothing, you can do nothing about it.
So what is the point of this article?
I wrote this because I saw people freaking out.
After reading this article you will have a little bit more peace in your mind ( I hope so) because it’s just nature of market.
Thank you

#Bitcoin❗ #bitcoin☀️ #dumpNpump #US_Job_Market_Slowdown #MtGoxJulyRepayments