There is always a reason why a Crypto moves up in value and here is what transpired with COTI. This is no pump and dump.
Three days ago the COTI team announced they were about to deploy their privacy tech onto another blockchain without saying who it was. It turns out it was Avalanche (AVAX) and this was deployed 24 hours ago and this price increase is the result. I would day many investors are testing this new tech out and this will become very popular as this is like having an additional layer of security not having your balances on public view.
The price more than doubled within a very short period of time moving from $0.0072c up to $0.01479 and has since retraced and rebounded heading back up. This is great news really as this is no pump and dump and expect this to stabalise over the coming weeks before the next deployment/rollout of Garbled Circuits on the next blockchain.
This privacy of demand addition has not gone unnoticed and now those staking on Avalanche can hide their balances and encrypt their transactions. This is good for institutions/business as this is what they asked for and now this is being delivered.
"/>There is more inflow on the orderbook which is a strong sign.
There is something quite reassuring when you are growing your stake and knowing that this is just the start of what is to come. The talk about 12 months ago was 72 blockchains would adopt COTI Garbled Circuits which is their Privacy On Demand (POD) technology. Not knowing who is next is kind of like opening Christmas presents and I was expecting Solana (SOL) so I do expect this to happen sooner than later.
COTI Midnight has gone onto testing with Ethereum on the testnet and this should be also a big move up once it goes live. COTI Midnight is the combination of COTI privacy tech and ZK due to ZK's limitations and not being able to do multiple transactions and is also not scalable. The combo of adding COTI solves that problem and this means that COTI will have two privacy options on Ethereum.
COTI for those that do not know is a payment service provider and also a stablecoin provider which are minted on their platform. The privacy tech was developed due to their clients saying they could not use crypto as it stood due to the transparency of blockchain transactions. Garbled Circuits was developed which encrypts your data and transaction, but is still complying with regulation. This what you are seeing now is the start of crypto adoption because this is what needs to take place before institutions use the blockchains. It turns out the so called transparency was not so great and that was the part that was holding the entire crypto eco system back.
I have known AVAX for years, but like most of crypto there are too many to pay attention and research. With COTI's involvement in AVAX I will start researching as this is in my best interests to do so. Just some tippets of information that I have already picked up is that FIFA used AVAX for their ticket allocations for the World Cup. This is quite neat really knowing this all worked how it should and I had no knowledge AVAX was even being used. This is what is going to happen more frequently as this will be happening in the back ground with no knowledge of what blockchain is being used and will just be normal.
Posted Using INLEO
In my opinion, this growth will be temporary
Possibly but I do not think so. Midnight COTI privacy is about to go live on Ethereum and COTI about to go live on AVAX. Things are changing rapidly and this is after 3 years of development that these things are finally ready and this will be ongoing. SOL, LINK are also in the processes of being added.
I am waiting for the days when HIVE will double in Value. 😂🫣
It will just happen whenever that might be. I am not negative on Hive at all as I think once our Korean friends start playing again we will be shocked like we always are.
Oh dang COTI went all the way down to $.007? That's horrible! At least it's coming back up now.
All coins are going up except Hive.
Got a lot of coti so hope so