{"id":345571,"date":"2021-09-29T00:05:00","date_gmt":"2021-09-28T21:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stablecoin-launch-and-nft-integration-back-cotis-rise-to-a-new-all-time-high\/"},"modified":"2021-09-29T00:05:00","modified_gmt":"2021-09-28T21:05:00","slug":"stablecoin-launch-and-nft-integration-back-cotis-rise-to-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stablecoin-launch-and-nft-integration-back-cotis-rise-to-a-new-all-time-high\/","title":{"rendered":"# Stablecoin launch and NFT integration back COTI\u2019s rise to a new all-time high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a24d4f003b02\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a24d4f003b02\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/stablecoin-launch-and-nft-integration-back-cotis-rise-to-a-new-all-time-high\/#COTI_launches_a_stablecoin_on_Cardano\" >COTI launches a stablecoin on Cardano<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/stablecoin-launch-and-nft-integration-back-cotis-rise-to-a-new-all-time-high\/#New_exchange_listings_boost_trading_volume\" >New exchange listings boost trading volume<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/stablecoin-launch-and-nft-integration-back-cotis-rise-to-a-new-all-time-high\/#NFT_opportunities_encourage_invest_hodling\" >NFT opportunities encourage invest hodling<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Stablecoin launch and NFT integration back COTI\u2019s rise to a new all-time high <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT).<\/p>\n<p>One project that has benefited from the increased capabilities of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and the recent launch of smart contracts on Cardano is COTI (COTI), an enterprise-grade fintech platform focused on helping organizations create their own payment solutions and digitize any form of currency as a way to facilitate decentralized payments. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/COTIUSDT\/\">TradingView<\/a> shows that since bottoming out at a low of $0.0884 on July 20, the price of COTI has rallied 652% to reach a new all-time high at $0.6665 on Sept. 25 as its 24-hour trading volume surged to a record $917 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/7affc3bf-dd9e-4500-8ca0-4fca6281fd2c.png\"><figcaption style=\"text-align: center;\"><em>COTI\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the steady rally in COTI include its launch of the Djed stablecoin on the Cardano network, a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of exchange listings and the launch of COTI\u2019s NFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> which <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be bringing new users to its ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"COTI_launches_a_stablecoin_on_Cardano\"><\/span>COTI launches a stablecoin on Cardano<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>COTI recently announced that its platform would be the official issuer of the Djed stablecoin on the Cardano network and the price continued its upward move on that <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>.<\/p>\n<p>Stablecoins have emerged as one of the key components of the cryptocurrency ecosystem as a whole and for decentralized finance, in particular, because they provide sufficient liquidity for the market and create a safe haven during times of volatility. <\/p>\n<p>Aside from its DeFi applications, the Djed can also be used to pay transaction fees on the Cardano network as a way to help prevent high gas fees and make the cost of conducting transactions more predictable. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_exchange_listings_boost_trading_volume\"><\/span>New exchange listings boost trading volume<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second factor behind COTI&#8217;s price growth is the token\u2019s listing on several large exchanges, including Coinbase, the most active U.S.-based cryptocurrency exchange. <\/p>\n<p>This announcement kicked off a series of exchange listings for COTI, including being added to Huobi, Crypto.com, the decentralized exchange 1inch and Celsius, which is an all-in-one banking and financial services platform. <\/p>\n<p>To go along with these exchange listings, the team at COTI also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/statuses\/1437354279770152960\">revealed<\/a> that it has started the process of inviting beta testers to apply for the COTI bank account and debit card for final testing before the full launch of the protocol\u2019s banking solution. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Coinbase users can choose to deposit paychecks directly to accounts<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NFT_opportunities_encourage_invest_hodling\"><\/span>NFT opportunities encourage invest hodling<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third factor helping to boost the value and activity within the COTI ecosystem is the project\u2019s ongoing NFT activities, including the COTI NFT Game and the network\u2019s future plan to help support NFTs on Cardano. <\/p>\n<p>NFTs have been one of the hottest sectors in the cryptocurrency ecosystem throughout 2021 and protocols that offer a lower fee environment have seen increased activity in recent months. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for COTI on Sept. 21, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/79c5a0ee-9ae4-454d-b7c2-b5326b379ba1.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. COTI price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for COTI climbed into the green zone on Sept. 21 and reached a high of 77 around ten hours before the price increased 135% over the next five days.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stablecoin-launch-and-nft-integration-back-coti-s-rise-to-a-new-all-time-high\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Stablecoin launch and NFT integration back COTI\u2019s rise to a new all-time high &#8221; The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project&#8230;<\/p>\n","protected":false},"author":1,"featured_media":345572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZmVhMmM5MjAtOGYyOS00NWEwLTlhZGEtZjBkZjkxMTJkM2UwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,75378,74863,74860,75854,74868,101088,82560,95118,74889,75493,73785],"class_list":["post-345571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cardano","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-debit-cards","tag-defi","tag-mobile-payment","tag-mobile-payments","tag-nft","tag-payments","tag-stablecoin","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/345571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=345571"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/345571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/345572"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=345571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=345571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=345571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}