- COTI has hit its new all-time high (ATH) of $0.64.
- COTI aims to bring a scalable global payment system.
- Recently, COTI collaborated with Cardano stablecoin hub, Ardana.
The world’s first platform developed for creating price-stable coins is COTI. Today, COTI has hit its new all-time high (ATH) of $0.64. It continuously displaying a bullish signal, if this trend continues then COTI can hit $1.
Furthermore, the first application, that is self-described as a fully encompassing finance on the blockchain is COTI Pay. The ecosystem was developed especially to face all the challenges associated with traditional finance.
More so, the COTI aims to bring a scalable global payment system. It facilitates a faster, more trusted, and affordable payment mechanism. The main advantage of COTI is its simplicity, ease of access, user-friendly environment, volatility, transparency, and so on.
Current Market Status of COTI
According to CoinMarketCap, the COTI price is trading at $0.6375 at the time of writing with the 24-hour trading volume of $836,744,896. In the last 24-hour the COTI price has increased by over 21%. The circulating supply of COTI is 868,672,118.03 COTI.
The above chart depicts a 24-hour price chart of COTI, currently it displaying a bullish sign. Eventually, if this continues without a breakout then traders can expect the hit of $1 soon.
COTI Collaborated with Ardana
The main reason behind the price upsurge of COTI is the latest announcement of COTI that it is collaborating with Ardana. It facilitates stablecoin payments to AdaPay. This means, using their stablecoins, users can purchase things wherever Adapay is accepted. The collaboration will build stablecoin crypto-to-fiat payments to the Cardano network.
Therefore, this might be the major reason for the price surge and the hit of the new ATH. With the forthcoming collaboration, upgrades, and updates we can expect more price gain in the upcoming days, we can also expect that the COTI price will hit $1 soon.
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