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news-imageFebruary 26, 2024

COTI Price: Here Is The Reason COTI Has Soared 2X In Just 3 Days

Over the last weekend, the COTI price delivered a surprise rally delivering 115% gains and shooting all the way past $0.22 with a market cap of $337 million. Furthermore, the daily trading volumes for COTI reached all the way closer to $400 million.
Publisher: Coingape
Sentiment: Positive
COTI

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‘Garbled Circuits' Enable Transactional Confidentiality, Encourage Enterprise Web3 Adoption — COTI Co-Founder

According to Shahaf Bar-Geffen, CEO of the privacy-centric Layer 2 network COTI, enterprises and mainstream organizations are not yet fully convinced of the benefits of complete privacy or true anonymity in any system. Bar-Geffen said the primary reason for this is that such systems often get exploited by individuals with dishonest intentions.

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Top Reasons Why Coti Is Trending

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%.

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COTI Price Surges by 45%

This surge mirrors the significant growth in DeFi platforms like Uniswap, Compound, Sushiswap, and Aave, driven by increasing interest during the AI craze. Other tokens, including 1Inch Network, Raydium, and Compound, also experienced substantial surges.

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