COTI is the first cryptocurrency that allows users to create stablecoins with a consistent value. It was initially offered on the Coinbase and Huobi cryptocurrency exchanges in August 2021, after which its price rose.
This article analyzes the investment case for COTI and provides an outlook on its potential impact on the market. While we believe there is a lot of detail to be uncovered, we will rely on our fundamental assumptions, core beliefs, and our best forecasts. Our model should only be used as a reference point, not as financial advice.
Let’s start with a few of the critical assumptions we’re making:
- COTI has an actual use case and is solving a real problem. As such, there is demand for stablecoins in the $5 trillion cross-border payments market, which is underserved by current centralized solutions. We believe that COTI’s model is unique in the world of cryptocurrencies, as it gives users the power to control their own currency.
- The company has an advantage over its competitors, given that it was selected by the Partnership Fund to establish a global payments network. We are also confident that since COTI partnered with Ripple, they are using XRP’s technology to power their platform.
- We believe that a strong team with the right mix of skills and experience can create an industry-transforming product. The company’s credentials include representing Israel at the World Economic Forum, founding HackFWD after winning TechCrunch Disrupt in Berlin, and being accepted into multiple accelerator programs.
- We believe that the product has already received funding from Ex-Antshares CEO Da Hongfei, who led an angel investment round in COTI’s currency.
- We are confident that COTI has a working product that is ready to be put into use.
Is COTI a Good Investment?
COTI is the only cryptocurrency that focuses on enabling merchants and payment service providers to create stablecoins with a consistent value.
There is demand for reliable and scalable payment solutions in connection with cross-border payments, which total $5 trillion annually.
- COTI’s approach is unique because it allows users to control their currency.
- COTI’s mission is to build a digital currency ecosystem based on trust, which will enable people to conduct cross-border transactions without the need for intermediaries.
- The initial COTI product can be categorized as an eCommerce payment network and can be used for transactions between merchants, decentralized applications, wallets, exchanges, and other immediate settlements.
- COTI’s payment network can integrate 100 transactions per second with 0 transaction costs.
- To date, the company has raised $15 million in funding from NFX Guild.
- COTI’s core team consists of highly experienced individuals from a wide variety of backgrounds, including software engineering, finance, and technology.
- COTI has partnered with Ripple to use XRP’s technology for their product.
- Da Hongfei from NEO led an angel funding round in COTI’s currency.
COTI is a good investment according to this analysis document as it has a working product, solves a real problem, and provides products that fill gaps in the global payments industry.
The company has already received funding from multiple sources, and its core team consists of highly experienced individuals from a wide variety of backgrounds. The company’s technology is being implemented by established players, such as Ripple and NEO.
What Is COTI Crypto?
COTI is a cryptocurrency that uses Ethereum’s blockchain technology. COTI is both a currency and a type of token, named after its blockchain protocol. The platform enables transactions in cryptocurrencies within the decentralized blockchain network. Because it allows governments to create and trade coins, it distinguishes itself from its competition.
The COTI network runs on a DAG (directed acyclic graph) ledger with high throughput and excellent scalability. The development team named the platform’s consensus algorithm ‘DAG-chain,’
COTI users can transact directly without the need for intermediaries or third parties, as those are no longer necessary. The token is a stable currency, not susceptible to high fluctuations in value that other cryptocurrencies may experience.
Crypto Capital Venture’s COTI Price Prediction is $2+ by 2022
Crypto Capital Venture believes every development taking place across COTI is in the early stages in terms of growth. This means the coin has a lot of potential in the coming months. The analysis pointed out a major consistent trend line that will likely hit $2.5 by the end of 2022. While that is medium and long-term bullish sentiment, the analysis also established a consolidation playing out around $0.5. Check out the complete analysis on this YouTube video.
COTI Price Forecast by Digital Coin Price
Digital Coin Price predicts the price of COTI will hit $0.48 by the start of 2023. The chart above shows a bullish trajectory from 2022 to 2029.
Meanwhile, note that the platform offers a solution with a different perspective on digital currencies by providing merchants and payment service providers an opportunity to create stablecoins that have a consistent value.
Ripple and COTI
Ripple (XRP) and COTI recently entered into an agreement. COTI is the first digital currency to use XRP for its platform’s transactions, giving them access to Ripple’s ecosystem of technologies. COTI aims to integrate more than 100 transactions per second into its system.
Going forward, they will be utilizing XRapid for liquidity and speed in cross-border transactions. COTI is one of the few cryptocurrencies that works on fiat currencies rather than exclusively with digital ones.
COTI is led by Shahaf Bar-Geffen (CEO), Nir Haloani (COO), and Dror Medalion (CTO). The executive team of COTI consists of highly experienced individuals from various backgrounds, including software engineering, finance, economics, cryptography, mathematics, and more.
These include Alon Dayan, who is on the board for companies such as PayPal and Microsoft. They also have a solid advisory panel, including David Elmasian, who has been a member of the boards of Citigroup and Discover Financial Services.
COTI has partnered with Ripple to create Coti stablecoins by utilizing XRP for transactions on their platform. They also have an agreement with NEO, which will allow them to benefit from NEO’s technologies and the NEO ecosystem. COTI is an official partner of eToro, one of the largest investment networks that provide social trading services. The company has also partnered with many large companies that are part of the global payments industry, including Visa, Mastercard, Unionpay International, Danal, and Alipay.
COTI competes with cryptocurrencies, such as Ripple and Stellar. COTI is trying to solve a different problem than those coins by reducing transaction fees and wait time. They also don’t compete directly with companies like Amazon or Apple because they do not process transactions themselves. Instead, they offer infrastructure to other providers who wish to remain independent.
COTI is a currency and a type of token. The coin shares its name with its platform COTI- DAG (Directed Acyclic Graph). It uses the consensus algorithm called DAG-chain, designed to work on current hardware. The goal of COTI is not merely to be a store of value but rather a stable unit of account and medium of exchange as well.
The platform and its tokens were first made available for purchase on September 22, 2017. Coti has $8 million worth of tokens in total, $1.6 million of which changes hands during the presale period. The team decided it would release more tokens at 7% per year to maintain a stable value. COTI has announced that, although they are starting with two decimal places for very small transactions; all their transactions will eventually be made with fractional amounts down to the millionth place.
COTI and Taxes
Investors planning to contribute cryptocurrency to COTI or withdraw it from the platform will need to be aware of the tax consequences that may arise. The IRS has yet to provide official guidance on how these transactions should take place, so there is no specific advice to give owners of digital currencies.
Investors should seek advice from a tax professional to make sure they file correctly and pay all their taxes appropriately.
COTI has been making significant strides since its launch in 2017, even having the highest daily volume of any cryptocurrency over the past month and securing investment from many major companies. COTI has announced its launch of a digital wallet on July 31, 2018.
The company has closed an investment round worth $10 million from 30 international investors representing Asia, the Middle East, and Europe, including NGC, China’s largest blockchain investment firm. Investors see the value in COTI after learning about their payment platform, stable currency, digital wallet, and COTI-DAG system. Coti’s team is currently moving forward with plans to bring the wallet to mainstream consumers.
You can trade COTI on Bitfinex, Gatecoin, Bancor Network, and IDAX
COTI is making significant steps to build partnerships with other businesses that dominate cryptocurrency. Though Crypto Academy predicted that COTI would begin at $0.828 in 2022. The token currently has a price of $0.398 per coin. After starting much lower at $0.268 per coin on December 31, 2021 (CoinMarketCap).
Conclusion: Is COTI a Good Investment?
COTI might be a good investment since transaction fees are low and wait times for transactions have decreased on their platform. The partnership with eToro demonstrates that COTI is serious about partnering with other social networks.
There’s no way to forecast how the platform will perform in the long run, and it’s still susceptible to market fluctuations. Each investor has a different tolerance level for volatility, so they should evaluate their entire investment portfolio before deciding to invest in COTI.
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