Source : coinquora.com
- Bullish COTI price prediction ranges from $0.59 to $0.95.
- The COTI price might also reach $1.5 soon.
- COTI bearish market price prediction for 2021 is $0.40.
This COTI (COTI) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our COTI price analysis and prediction.
The crypto industry was able to end the year 2021 gracefully despite the economic crisis brought by the CoronaVirus. As a result, investors from in and out of the crypto world are now closely monitoring various cryptocurrencies with potential. One of these tokens is the COTI (COTI).
Now that we’ve got some ideas about COTI, do you think COTI will be a profitable cryptocurrency this year? Let us find out together in this CoinQuora COTI (COTI) price analysis and price prediction 2021. But before we go there, let us understand first, “what is COTI (COTI)?”
What Is COTI?
COTI describes itself as the first enterprise fintech platform that enables companies to build their own payment and currency solutions, thus reducing time and cost. Cryptocurrency issuers, governments, digital payments DAPPs, and merchants can all use COTI, one of the world’s first blockchain protocols, to make payments decentralized.
The first application of COTI is COTI Pay. The firm describes itself as an all-encompassing blockchain-based finance solution. During the year 2017, the COTI Group launched, while the Staking Platform launched on January 1, 2020.
The ecosystem is built specifically to overcome all the challenges associated with traditional finance, such as latency, fees, global inclusion, and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, and fast.
A DAG-based blockchain is part of this ecosystem as well as a proof-of-trust algorithm, multiDAG, GTS (Global Trust System), an integrated payment solution, and a gateway to make the payment process more secure.
Now that we are fully aware of “what is COTI (COTI)?”, what are we waiting for? Let us now head to our COTI price analysis and prediction for 2021.
COTI Current Market Status
As of the time of writing this COTI price analysis, COTI trades at $0.54 with a 24-hour trading volume of $156,963,605. The price of COTI has decreased by 7.56% in the last 24 hours.
Now, let’s proceed to the next part of this COTI technical analysis for 2021.
COTI Price Analysis 2021
Currently, COTI holds the 133rd place on CoinMarketCap. But will the latest upgrades, developments, and changes in the COTI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this COTI price prediction article.
In the daily time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that COTI has a higher chance of going bullish than bearish.
As shown above, at the beginning of this month, COTI turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.
The Relative Strength Index (RSI) is close to 37.7, which means that COTI is in an oversold state. Hence, this may lead to a price reversal at any given time.
Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of COTI.
Since the start of 2021, COTI ’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, COTI has a competitive market this 2021.
COTI Price Prediction 2021
The chart below shows that COTI has performed great over the past few days. Moreover, the COTI price rose 90% in the last 2 weeks. If this trend continues, COTI might run along with the bulls, overtaking its $0.95 resistance level and rise higher.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone COTI from its uptrend position. In simpler terms, the price of COTI might drop to almost $0.48, a bearish signal.
Meanwhile, our long-term COTI price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.67 this year. Moreover, that will only happen if it breaks many previous psychological resistances.
COTI Price Prediction 2022
If this bullish trend continues, COTI will reach $3 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.5. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $3 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
COTI Price Prediction 2023
The price of COTI can move even great heights, however reaching $15. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Cardano breaks past the psychological resistance level.
COTI Price Prediction 2024
As per the latest upgrades, developments, COTI price prediction, and new project forecasts of the platform. Moreover, this might boost the price of COTI in the crypto market, and it will be the best investment as the price can spike and reach around $40.
COTI Price Prediction 2025
In the next four years, COTI prices could rise up to $55. However, reaching this level could not be so difficult for COTI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that COTI has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
COTI has a bright future ahead of it in 2021. With the ongoing developments happening within the COTI ecosystem, as well as in the overall crypto market, we may see COTI reach new heights.
Bullish COTI price prediction 2021 is $0.95. More so, it may even reach $1.5 if investors have decided that COTI is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
COTI describes itself as the first enterprise fintech platform that enables companies to build their own payment and currency solutions, thus reducing time and cost.
Users can obtain COTI tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
COTI is a good investment in 2021. Moreover, COTI has a high possibility of surpassing its current ATH at about $0.67 this year.
Yes, it’s very much possible that COTI might reach $1.5 in the near future as per the current bullish trend.
COTI (COTI) price is expected to reach $3 by 2022.
COTI (COTI) price is expected to reach $15 by 2023.
COTI (COTI) price is expected to reach $40 by 2024.
COTI (COTI) price is expected to reach $55 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.