Amidst the financial catastrophe caused by COVID-19, the crypto sector was able to complete the year 2021 graciously. As a consequence, investors from both inside and outside the crypto realm are now keeping a careful eye on several promising coins. The COTI (COTI) is a major player. In this article, we will first try to understand what COTI is and what the future has in store for it. Our COTI price prediction is completely based on technical analysis only. So, let’s dive into it.
What is COTI?
COTI bills itself as the original fintech interface that enables businesses to create their own payment and currency solutions. Hence, saving both time and money. COTI, one of the world’s earliest blockchain protocols, may be used by cryptocurrency issuers, governments, digital payments DAPPs, and merchants to make decentralised payments. COTI Pay is the first application of COTI. The company portrays itself as an all-in-one blockchain-based finance solution. The COTI Group debuted in 2017, and the Staking Platform began on January 1, 2020.
The ecosystem is designed expressly to address all of the issues associated with traditional finance, including latency, costs, global inclusion, and hazards. COTI accomplishes this through the implementation of a DAG-based protocol as well as an entirely scalable, private, and fast infrastructure.
This ecosystem includes a DAG-based blockchain, a proof-of-trust algorithm, MultiDAG, GTS (Global Trust System), an integrated payment solution, and a gateway to improving payment security.
COTI’s Current Market Situation
COTI is trading at $0.54 as of the time of this writing, with a 24-hour trading volume of $156,963,605. COTI’s price has dropped 7.56 percent in the last 24 hours. COTI also has a current circulating supply of 868,672,118.03 COTI. COTI, Binance, Huobi Global, KuCoin, ZT, and Mandala Exchange are currently the main cryptocurrency exchanges for COTI.
Let’s move on to the next section of our COTI price prediction.
COTI Price Analysis 2021
COTI is currently ranked 133rd on CoinMarketCap. If we look at the daily time frame chart, we can observe a symmetrical triangle pattern. This pattern depicts the time of consolidation preceding a price breakdown or breakout. COTI has a larger probability of becoming bullish than bearish in the near future.
The same chart shows the shift of COTI from a bear to a bull trend at the beginning of this month. This is due to the significant transaction volume that occurred during that time period.
The Relative Strength Index (RSI) is close to 37.7, indicating that COTI is oversold. As a result, a price reversal might occur at any time.
As a result, traders must trade cryptocurrency with caution and avoid being swayed by market excitement. Keeping all of this in mind, traders can stay alert and avoid surprise losses caused by the crypto market’s violent fluctuations.
COTI’s price has undergone multiple positive swings that are greater than the previous one since the beginning of 2021. Furthermore, these are immediately followed by volatility, consolidation, and corrections. Taking this into account, COTI will face a competitive market in 2021.
COTI Price prediction 2021
As seen by the chart, COTI has done admirably over the last several days. Furthermore, the COTI price has increased by 90% in the previous two weeks. If this trend continues, COTI may run with the bulls, breaking over its $0.95 resistance level and rising higher. If investors abandon cryptocurrency, the bears may seize control and dethrone COTI from its upward position. In layman’s words, COTI’s price might fall to around $0.48, indicating a negative indication.
Meanwhile, our long-term COTI price prediction for 2021 is positive. It is quite likely that it will surpass its current all-time high (ATH) of around $0.67 this year. Furthermore, that will only happen if many past psychological barriers are broken.
COTI Price prediction 2022
COTI will hit $3 by the end of 2022 if the current positive trend continues. Furthermore, the first half of 2022 will see rapid growth of up to $3.5 billion. The growth will thereafter moderate, but no significant drops are forecast. With planned collaborations and advances, hitting $3 is fairly ambitious in terms of pricing, but it is undeniably doable in the near future.
COTI Price prediction 2025
COTI costs might reach $55 in the next four years. However, hitting this level may not be as tough for COTI as a new medium, short-term, or long-term price objective for purchase or sell orders may be discovered. According to the prediction, COTI has a high probability of attaining a new ATH during the next five years.
COTI (COTI) Price prediction for 2030
According to the COTI projection price and technical analysis, the COTI price is predicted to reach an average price level of $9.32 in 2030, with the COTI minimum price value expected to be $8.99 by the end of the current year. Furthermore, COTI has the potential to achieve a maximum price level of $11.15.
In 2021, COTI has a bright future ahead of it. With the current changes inside the COTI ecosystem and the larger crypto market, we may see COTI reach new heights.
The bullish COTI price prediction for 2021 is $0.95. Furthermore, it may possibly reach $1.5 if investors determine that COTI, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a worthwhile investment in 2021.
Also read: Bitcoin Cash Price Prediction 2021 to 2030