Coty's price has risen more than 150% in recent days to a value of $0.25, pushing its market capitalization up 12% to $379,920,261. The same effect was reflected in trading volume, which totaled $359,012,899, an increase of over 8%. So why is Coti so trending? So let's get down to business.
Why Coty is trending
Coti recently introduced product development upgrades for garbled circuits through a post on X. In that post, we described the new COTI V2 core protocol, which leverages garbled circuit technology to enhance network privacy and security.
We have achieved a breakthrough in blockchain encryption used on blockchain for the first time. 🌐
This innovation promises to revolutionize privacy and security in the blockchain space.Check this out for more information 🧵
[1/8] pic.twitter.com/CwbKOEeZ1x— COTI Foundation (@COTInetwork) February 20, 2024
Garbled Circuits goes a step further in securing the network between two people without revealing any personal information. The foundation claims that the circuit is much more advanced than existing privacy protection solutions such as ZK. He is 1000 times faster, 100 times slower and 250 times shorter than the others.
The new introduction has boosted Coty's price, with analysts predicting it could soar to $0.583 this year if conditions continue. Coty is seen as having growth potential due to its high-tech ties, with the stock likely to soar to $0.789 in 2025.
conclusion
Coty's price has skyrocketed unusually over the past four days, and if this trend continues, it may continue. Recent development announcements have increased community activity, and there are rumors that he will cross $0.5 by the end of 2024. Read more about his 2024 price prediction for Coti here.
The published content may include the personal opinions of the author and may be subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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