What is COTI?
COTI is a privacy-centric layer on Ethereum that safeguards confidential information on the blockchain. It is a privacy-focused blockchain with an advanced encryption algorithm. The project aligns well with Vitalik’s vision of Ethereum and integrates well with the ecosystem.
It has a market cap of $176 million and is the 248th largest crypto.
Fundamental Analysis
COTI has a long-term viability considering the rising use of blockchain for privacy-centric projects like blockchain-based IDs, social security, and with the launch of its testnet, it aims to attract developers to build on its platform.
Understand the difference between Testnets and Mainnets to better Judge COTI’s future prospects.
COTI uses a light-weight and low computation encryption called garbled circuits making it possible to operate them on any device.
Taking a look at its speed, COTI claims to deliver solutions 10 times faster than other smart-contract-based privacy solutions, which aligns well with Vitalik Buterin’s vision of Ethereum which is so light and fast that a node can run on a smartphone.
It is also a crypto project with a high social media activity.
Technical Analysis
COTI has shown a significant price drop in the last few trading sessions. This correction is in sync with the fall in broader markets and does not seem like a major crash. Further, this price fall does not jeopardize COTI’s long-term prospects.
This makes the current dip an opportunity to buy COTI for the long term (2030).
Seeing COTI’s daily charts, we can see that it had a serious fall in the last couple of days. The crypto corrected by 12% but in the last few hours before press time, has shown mild recovery.
Technical indicators show that COTI might remain suppressed in the near term. This is because the MACD on daily charts just went through a negative crossover. Further, the RSI has crashed to the level of 40.
Want to understand these indicators better? Here’s your guide.
Thankfully, in bull markets, if crypto approaches the RSI of 40, it is assumed that a pullback rally should be around the corner. For bear markets, the level of reversal shifts around 30.
COTI Price Prediction
COTI’s price prediction indicates that its short-term (2024-2025) targets are around $0.17 to $0.2, while in the long-term (2030), it might reach $0.7 to $1.
COTI Price Prediction 2024
The year 2024 might not see COTI make larger gains. However, if its price breaks out of the narrow channel, it may recover to $0.17, i.e., 70% higher than current levels.
COTI Price Prediction 2025
If the currently prevalent alt season sets in well, we can see COTI touch higher levels of $0.27 to $0.30 by the end of 2025.
COTI Price Prediction 2026
By 2026, we expect to see a slight improvement because COTI will have launched a mainnet by then. Its adoption rate would be crucial to street COTI’s future price.
With a satisfactory adoption rate, COTI may rise to $0.3 levels on a sustained basis. However, weaker adoption might correct COTI to $0.2 or even less.
COTI Price Prediction 2027
The year 2027 is expected to be a bearish year delivering severe corrections in the market. If the corrections are light, we could see COTI rise to $0.35 levels, and if not, it may correct to $0.25.
COTI Price Prediction 2028
Pre-halving rally in broader markets could send COTI to $0.5 or even $0.6 if COTI gains good traction by then.
COTI Price Prediction 2029
At the height of 2029’s alt season, which usually follows the Bitcoin Halving event, COTI might reach a price level of $0.5.
However, if the project fails to gather traction, we might see COTI correct to $0.1 levels.
COTI Price Prediction 2030
COTI’s long-term prospects place its targets around $0.7 to $1. This is because the platform hasn’t been tested well. It might happen that the price shoots way above these levels, but the present data on COTI is not enough to predict its long-term prospects with high accuracy.
