Why is COTI Price Pumping? Bullish Tech Developments Spark 50% Surge

COTI, the enterprise-grade fintech platform, has seen its token price pump over 50% today to around $0.14. This price surge can be attributed to recent positive developments and growing interest in COTI’s technology.

Notable crypto analyst tehMoonwalkeR, with over 130k followers on X, tweeted extensive praise for COTI’s advancements, specifically its implementation of Garbled Circuits in its upcoming V2 core protocol. As he explains, “COTI V2 core, use an advanced privacy-preserving solution known as Garbled Circuits. Their breakthrough results in: 1000x faster computation than FHE systems. 100x lower latency compared to current solutions. 250x smaller storage requirements than FHE.”

He goes on to note that Vitalik Buterin himself has spoken positively about the potential of Garbled Circuits. In COTI’s case, as tehMoonwalkeR says, “they changed direction and already breaking records and changing the game, this happens when you have first class devs.” He seems to believe COTI is not just another crypto clone but rather a project with “first class” developers doing innovative work.

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We agree with his bullish analysis. COTI moving towards implementations of advanced cryptography like Garbled Circuits shows they are focused on real-world use cases and performance, not just hype.

Looking at trading indicators, the daily RSI is currently at 62. This means COTI is not yet in overbought territory and likely has room to continue climbing if positive momentum holds.

As a refresher, COTI markets itself as the first enterprise-grade platform for building decentralized payment solutions. Its core protocol uses a DAG-based structure optimized for scalability, speed, fees and inclusion.

With the upcoming V2 release prioritizing privacy and performance, it’s clear there is a lot to be excited about for the COTI ecosystem. No wonder investors are pumping up COTI price today. If developers deliver on their promises, $0.14 may just be the beginning.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!