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Investing.com – The recent partnership between this small currency and a third currency in terms of market capitalization has boosted the performance and the rise of this promising currency.
The Coty currency rose during these trading times today, Monday, by around 12%, reaching levels of 0.6093.
While the currency, which has a market value of around $ 510 million, has risen by around 90% in 7 days, while it is up over 15% in the last hour alone.
Coty is up about 55% in thirty days, while it is up 340% in 60 days, and more than 1,170% since the start of the year as it is trading at an all time high.
Some of the major exchanges Coty currently trades on include Binance, Huobi Global, Mandala Exchange, ZT, and HitBTC.
on the side
COTI bills itself as the first enterprise-grade FinTech platform that allows organizations to build their own payment solutions as well as digitize any currency to save time and money.
COTI is one of the world’s first blockchain protocols optimized for decentralized payments and is designed for use by merchants, governments, payment DApps, and stablecoin issuers.
The COTI pool was launched in March 2017, while the staking platform was launched on January 1, 2020, and the maximum coin supply is 2,000,000,000.
Partnership
Charles Hoskinson and Shahf Bar-Geffen announced at the Cardano summit in Laramie, Wyoming on Sunday that the COTI platform will be the official source of Djed, Cardano’s new stablecoin.
Djed is based on an algorithmic design that uses smart contracts to ensure price stability.
Smart contract programming is also used to ensure that stablecoins work efficiently in decentralized financial transactions.
Djed also works by maintaining a reserve of base currencies, while striking and burning other fixed assets and reserve currencies.
It is designed to be used to pay transaction fees on the Cardano network, one advantage of which is that transaction costs can be predicted, thus avoiding volatile and exorbitant fees for users.
Cardano is down during these trading moments today, Monday, by around 4%, to levels of $ 2.18, while Latwal ranks third among digital currencies in terms of market value, with over 70 billions of dollars.
Read the details of the partnership:
Technical reading of Investing.com over a day period:
Momentum, MACD and RSI indicators give buy signals.
Support amounts to: 0.44943, 0.48366, 0.50480
Resistors: 0.57326, 0.59440, 0.62863
The article does not express a recommendation or appointment, but simply a monitoring of market fluctuations, as digital currency trading involves high risks, including the risk of losing all or part of the investment amount, knowing that ‘it is not fully submitted to the financial authorities. and markets.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.
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