Coti prices have hiked more than 150% in the last few days, bringing it to the value of $0.25 with a market cap of $379,920,261, up by 12%. The same effect is also visible in the trading volume, which is at $359,012,899 and hiked more than 8%. So why is Coti trending this much? Let’s get into that.

Reasons Why Coti Is Trending

Coti recently introduced a product development upgrade about Garbled circuits through a post on X. The post talked about the new COTI V2 core protocol, which will leverage garbled circuit technology to enhance the privacy and security of the network.

We’ve achieved a breakthrough in blockchain encryption to be used on the blockchain for the very first time!
This innovation promises to revolutionize privacy and security in the blockchain space.

Dive into this to learn more
[1/8] pic.twitter.com/CwbKOEeZ1x

— COTI Foundation (@COTInetwork) February 20, 2024

The garbled circuit is more step ahead in securing the network between two people without disclosing any personal information. The foundation has claimed that this circuit is much more advanced than any previously existing privacy-preserving solutions like ZK. It is 1000x faster, 100x lower latency, and 250x shorter than the rest.

This new introduction led to a price hike for Coti, and analysts have predicted a surge to $0.583 this year if the situation continues. There’s also a possibility that it surge to $0.789 in 2025, and come under the belief that Coti has the potential to grow because of its connection to tech.

Conclusion

Coti price has surged insanely in the last four days and might continue if the trend continues. The recent development announcement has brought up community activities, and the rumors are around for it to go beyond the $0.5 by the end of 2024. Read more about Coti’s price predictions for 2024. 

The post Top Reasons Why Coti Is Trending appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am