Coin Edition -
- COTI surges 104%, hitting $0.243 with a $337M market cap.
- Despite a slight dip, COTI maintains strong investor interest with a $314M trading volume.
- COTI’s price surge is linked to a newly introduced feature.
Over the weekend, COTI witnessed an impressive surge, recording a 115% increase in value. The price soared past the $0.243 mark, pushing the market cap to $367 million. Trading volumes neared the $400 million threshold, signalling heightened investor interest and activity in the asset.
COTI/USD 24-hour price chart (source: CoinStats)
However, COTI was down 4.83% from its intra-day high at press time, exchanging hands at $0.2119. Concurrently, the market cap and 24-hour trading volume dipped by 4.89% and 25.19% to $323 million and $314 million, respectively.
Innovative Feature Fuels Price Rally
The COTI network claims to be committed to providing fintech solutions and recently introduced a feature that reportedly enhances user privacy. COTI claimed that with the introduction of Garbled Circuits, a new benchmark is set in blockchain encryption.
The “Garbled Circuits” feature was announced on February 20 and analysts claimed that the feature was a factor in the asset’s price dynamics. The feature is supposed to address the limitations of previous blockchain encryption methods.
Errryybodddyy is talkin' bout $COTI right now.They are bringing the heat and setting new benchmarks in the L2 arena$COTI V2 core integrates an innovative privacy-preserving solution called Garbled Circuits, yielding remarkable advancements: