COTI listed in Huobi Global and Coinbase Pro Should you invest? – CVBJ
COTI COTI / USD is an enterprise-grade fintech platform aimed at helping organizations build their payments solutions and digitize any currency to save time and money.
The COTI Group was launched in March 2017, while the Participation Platform was launched on January 1, 2020.
Double listing as a growth catalyst
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COTI was listed on Coinbase Pro, which opened its deposits for the token on August 25, while trading opened on August 26.
This was the first listing, which encouraged many investors in the token. However, it didn’t stop there.
Huobi Global followed suit and announced that it will also offer the token. It opened its deposits on August 26, where trading would be available when the volume of deposits meets market demand.
This event marked a great success for the COTI token, which jumped in value.
In addition, COTI aims to become a fully optimized protocol for decentralized payments with traders, dApps and stablecoin issuers as natural users.
Since the cryptocurrency market trend is towards Decentralized Finance (DeFi), it is appropriate that the token is listed on freight exchanges.
Should we invest in COTI (COTI)?
On August 27, the COTI (COTI) was worth $ 0.361.
To get a clearer picture of its value, we’ll look at its historic performance in July, as well as its all-time highest value.
COTI hit its all-time high value on March 23, where it hit a value of $ 0.572. This increased the value of the token by 37%.
The highest value point the COTI reached in July was on July 7, where it reached a value of $ 0.145.
The lowest point the COTI reached in July was July 20, with a value of $ 0.089, down 38% from July 7.
However, it slowly rose again, and by July 24 it was back to $ 0.126, a 41% increase from July 20, and eventually peaked at $ 0.143, a 60% increase in value. from July 20.
On August 26, it would hit a record high of $ 0.485 before falling back to $ 0.361 on August 27. This caused the token’s value to increase by 34% on August 26 after the double listing, before it fell on August 27.
However, the token was listed on two separate exchanges within a similar time frame resulting in a rise in value.
That being said, it has the potential to scale a lot more, given the two new exchange listings and its user bases that can now move to token.
With this in mind, the COTI has the potential to climb to $ 0.487 at the end of September.
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