Greed

Based

Bank

Rally

COTI

The <a href="https://www.thecoinrepublic.com/price-prediction/coti/">COTI</a> foundation recently made a big reveal that they have partnered with the Central Bank of Israel for their CDBC project. This news made COTI price surge over 15% and emerged as the bullish performer in the past 24 hours.&nbsp; 
They announced the strategic collaboration as a significant milestone. This could make them one of the leaders in the CBDC market as they partner with big names like PayPal and FireBlocks. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 COTI will take part in the Central Bank of Israel's <a href="https://twitter.com/hashtag/CBDC?src=hash&amp;ref_src=twsrc%5Etfw">#CBDC</a> project alongside giants like <a href="https://twitter.com/PayPal?ref_src=twsrc%5Etfw">@PayPal</a> and <a href="https://twitter.com/FireblocksHQ?ref_src=twsrc%5Etfw">@FireblocksHQ</a> This is a major milestone for COTI as it positions itself as a leader in the CBDC market! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> Read more: <a href="https://t.co/OQrQ5YKqtt">https://t.co/OQrQ5YKqtt</a> 1/3 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/5YFxqJ595D">pic.twitter.com/5YFxqJ595D</a>— COTI Foundation (@COTInetwork) <a href="https://twitter.com/COTInetwork/status/1815752295423914197?ref_src=twsrc%5Etfw">July 23, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
By working directly with the government entity, COTI gained invaluable experience in the CBDCs and displayed its capability to handle national-level projects. Similarly, this could align promising future collaborations ahead with other central banks, positioning COTI as a lead runner.&nbsp; 
On the major optimistic side, the project could demonstrate the practical benefits of COTI’s CBDC infrastructure. This could potentially influence broader market acceptance and adoption of CBDCs worldwide in a real-world setting. 
This news has been perceived as very optimistic and could skyrocket the COTI price. 
<h2 class="wp-block-heading" id="h-coti-statistics-so-far">COTI Statistics So Far</h2> 
According to CoinMarketCap, COTI’s market cap has advanced by more than 15% to $179.75 Million. Its trading volume rose massively by more than 910% to $50.296 Million, signaling significant buying activity.&nbsp; 
Based on the market cap, it is ranked 246th among the top 250 on CoinMarketCap. 
The volume-to-market cap ratio, followed by 24-hour activity, indicated high liquidity in the COTI market, with a ratio of 24.36%. The higher ratio signifies the feasibility of selling and buying close to its price value hassle-free on any exchange.&nbsp; 
Tokenomics highlighted that 1.572 billion COTI (78.63%) of the total supply of 2.0 billion COTI have been in circulation. In contrast, the fully diluted value stands at $234.675 Million.&nbsp; 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="606" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-1024x606.png" alt="Holders rich list | Source: Coincarp" class="wp-image-621648" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-1024x606.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-300x178.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-768x455.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-1536x910.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-150x89.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-696x412.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101-1068x632.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-101.png 1557w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Holders list COTI | Source: Coincarp
 </figcaption>
</figure> 
Based on these stats, the rich list signified that COTI holders’ data indicated that the top 100 hold 80.59% of the circulation. On the other hand, the total number of holders stands at 27634. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="920" height="398" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-100.png" alt="Fear &amp; Greed index | Source: alternative" class="wp-image-621643" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-100.png 920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-100-300x130.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-100-768x332.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-100-150x65.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-100-696x301.png 696w" sizes="(max-width: 920px) 100vw, 920px">
 <figcaption class="wp-element-caption">
 Fear &amp; Greed index | Source: alternative
 </figcaption>
</figure> 
Per the Crypto Fear &amp; Greed index, the market sentiments tipped to 69 (greed). This bullish sentiment was set for a spectacular appreciation in COTI’s price. 
Meanwhile, COTI has a strong community of nearly 300k followers across multiple social channels. According to Messari’s website, Twitter followers precisely are 244.93K, and Telegram users are 18.43K. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="330" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-1024x330.png" alt="Socials Number COTI | Source: Messari" class="wp-image-621638" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-1024x330.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-300x97.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-768x248.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-150x48.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-696x224.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99-1068x344.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-99.png 1508w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Socials Number COTI | Source: Messari
 </figcaption>
</figure> 
At press time, it has significant followers like @RyanSelkis, @MichaelArrington, and many more, per the chainbroker website.&nbsp; 
Likewise, it has the ‘AA’ tier security with a score of 88.32, based on the security score produced by CertiK Skynet. It exhibited a tough and secure network.&nbsp; 
<h2 class="wp-block-heading" id="h-what-do-coti-technicals-say">What Do COTI Technicals Say?</h2> 
The analysts have been optimistic about the COTI and hope for 2x gains to be captured soon. One such analyst shared a chart on X, where he marked that from a critical level, the price could aim big. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24Coti&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Coti</a> Breaking Out As Expected Still Expecting 2x Bullish Wave Incase Of Successful Breakout Keep Eyes On It<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Coti?src=hash&amp;ref_src=twsrc%5Etfw">#Coti</a> <a href="https://t.co/XFL4qgwp9X">https://t.co/XFL4qgwp9X</a> <a href="https://t.co/jzUIzB3ltK">pic.twitter.com/jzUIzB3ltK</a>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1815879524921577475?ref_src=twsrc%5Etfw">July 23, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Based on such optimism, the COTI daily chart also exhibited a few optimistic points. For example, the price has surpassed EMA bands, the MACD histogram grew to 0.0036, and the RSI flashed at 64.13, pointing towards a bullish shift. 
After a further look at the chart, with the latest news, the coin’s price slightly breached the falling wedge pattern. That was precisely bullish. 
This pattern has been in formation for the last six months after the yearly high of $0.2796 was witnessed.  
<a href="https://in.tradingview.com/chart/COTIUSD/uDAM7kmr-What-Do-COTI-Crypto-Technical-Charts-Represent/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
Moreover, if the price keeps surging, hurdles could appear at $0.1530 and $0.2110, respectively. However, if the price slips back into the wedge, then the pattern would lose its significance.&nbsp; 
Likewise, the slippage below $0.090 could also throw the price towards $0.075. So, buyers are advised to do their own research before stepping in. 
<h2 class="wp-block-heading" id="h-coti-price-increased-by-15">COTI Price Increased by 15%</h2> 
COTI price surged 15% after joining Israel’s CBDC project, gaining a seat alongside giants like PayPal &amp; Fireblocks. This could be a major step towards broader CBDC adoption and future collaborations for COTI. 
The post <a href="https://www.thecoinrepublic.com/2024/07/25/coti-price-rises-15-after-israel-cbdc-partnership-2x-rally-incoming/">COTI Price Rises 15%, After Israel CBDC Partnership, 2x Rally Incoming?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

COTI Price Rises 15%, After Israel CBDC Partnership, 2x Rally Incoming?

قائمة المحتويات

Thecoinrepublic.com

المزيد من المقالات نُشرت في ٢٥ يوليو ٢٠٢٤

Web3 venture funding stabilizes after rocky 2023 — Crunchbase

Trump campaign raises over $4m in crypto

Sandbox launches ‘Rise of the Memecoins’ VoxEdit Contest

Roma secures Virtual Assets Service Provider License from Dubai VARA

Ethereum ETFs Impact the Crypto Market

Trump Announces Plans for Fourth NFT Collection After ‘Successful’ Previous Series

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.