COTI was launched with the promise to be a decentralised payment system that would fix the divide between blockchain and traditional payment methods.
But what exactly is COTI and what are its future predicted prices?
What is COTI?
COTI was first founded in June 2017 and is an acronym for “currency of the internet”.
It was launched with the aim of offering a decentralised payment solution for businesses, which could issue their own uniquely branded tokens for payment.
Its website says: “Currently, it’s cheaper to pay in cash than to use banks, PayPal, Alipay and the like.
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“COTI is the first enterprise-grade fintech platform that empowers organisations to build their own payment solution and digitise any currency to save time and money.”
The platform aims to bridge the gap between traditional online payment methods and blockchain.
COTI claims it is “a robust payment system that is as seamless and scalable as traditional payments, while being as cost-effective and secure as blockchain”.
It says that it can process over 10,000 transactions per second, compared to 25,000 transactions in most traditional payment systems. It is also significantly more transactions per second than Bitcoin’s seven.
COTI is fuelled by its cryptocurrency token of the same name. It is used for payment in the COTI ecosystem as well as for having a say in its governance.
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COTI price prediction 2022, 2023, 2024, 2025, and 2030
According to PricePrediction, COTI will have a value of $0.11 by the end of 2022.
It then expects reasonable growth in the coming years with a value of $0.16 in 2023, $0.24 in 2024, and $0.35 in 2025.
The website anticipates that by the end of the decade in 2030 COTI will have a price of $2.37, with the forecast’s maximum price prediction being $2.65.
DigitalCoin has similar expectations for the token over the next two years but then suggests a slower rate of growth.
It suggests by the end of 2022 it will have a value of $0.11, then $0.16 in 2023, $0.21 in 2024, and $0.26 in 2025.
Come the end of the decade it predicts a value of just $0.54 and a maximum price of $0.56.
Where to buy COTI
COTI can be bought on a number of exchanges that allow for cryptocurrencies to be bought using a fiat currency such as US dollars.
It can be bought on Kraken, Binance, Uphold, KuCoin and WazirX among others.
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How risky is investing in cryptocurrency?
Cryptocurrencies are known for their volatility, with prices rising and falling by significant amounts over a short period of time.
Before investing in cryptocurrency you should always carry out your own research to understand the risk to your money.
