{"id":431210,"date":"2022-04-13T23:00:00","date_gmt":"2022-04-13T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\/"},"modified":"2022-04-13T23:00:00","modified_gmt":"2022-04-13T20:00:00","slug":"indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\/","title":{"rendered":"# Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a51033480628\" 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-6a51033480628\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\/#%E2%80%9D_Indicators_flash_bullish_on_COTI_ahead_of_its_mainnet_and_Djed_stablecoin_launch_%E2%80%9C\" >&#8221; Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\/#Upcoming_launch_of_MultiDAG_20\" >Upcoming launch of MultiDAG 2.0<\/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\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\/#Cardano_ecosystem_integration\" >Cardano ecosystem integration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\/#Djed_stablecoin_adoption\" >Djed stablecoin adoption<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Indicators_flash_bullish_on_COTI_ahead_of_its_mainnet_and_Djed_stablecoin_launch_%E2%80%9C\"><\/span>&#8221; Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs.\u00a0<\/p>\n<p>VORTECS\u2122 charts from\u00a0Cointelegraph Markets Pro\u00a0show that COTI, an enterprise-grade financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout.<\/p>\n<p>The indicator began to detect a bullish outlook for COTI after the metric hit a high of 89 on April 13.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/bcb6f0db-f959-4b95-937e-44a8cf8dfd71.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. COTI price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Three reasons for the improving outlook for COTI include anticipation for the upcoming launch of MultiDAG 2.0, deeper integration with different facets of the Cardano ecosystem and an increase in adoption of the protocol&#8217;s Djed stablecoin. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_launch_of_MultiDAG_20\"><\/span>Upcoming launch of MultiDAG 2.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the biggest upcoming developments for Coti is the protocol&#8217;s plan to launch its MultiDAG 2.0 layer which will enable the issuance of new tokens on top of the network&#8217;s Trustchain. <\/p>\n<p>Launching MultiDAG 2.0 on the COTI mainnet will also enable the creation of a governance token for COTI\u2019s treasury, which will be the first enterprise token and a payment token on top of the COTI Trustchain. <\/p>\n<p>The team currently plans to release a FoxNet for MultiDAG 2.0 in April followed by a Testnet toward the end of May. Once the Testnet is launched, COTI plans to define a new token standard and has tentatively set a goal to launch MultiDAG 2.0 on Mainnet in Q3. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cardano_ecosystem_integration\"><\/span>Cardano ecosystem integration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second factor helping to attract attention to COTI has been its increasing involvement with the Cardano ecosystem, which has started to see the rollout of its first decentralized <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>lications (DApps) and DeFi protocols. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/5075c868-5a28-414a-8d50-89caa6f4a645.png\"><\/figure>\n<p>Some of the Cardano-based protocols that COTI has established working relationships with include the Cardano DeFi Alliance, Adaswap, Project Catalyst and NFT-Maker. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Stablecoin launch and NFT integration back Coti\u2019s rise to a new all-time high<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Djed_stablecoin_adoption\"><\/span>Djed stablecoin adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another bullish development for COTI has been the adoption of its Djed stablecoin. Stablecoin issuance has been a trending tactic across the cryptocurrency market as it entices investors to shovel more funds into the related ecosystem in exchange for yield.<\/p>\n<p>Djed is a crypto-backed algorithmic stablecoin developed by Cardano and COTI that uses smart contracts to maintain a stable price and intended to power the Cardano DeFi ecosystem. <\/p>\n<p>Once the project has been fully vetted on Testnet and has completed an external security audit, COTI plans on releasing Djed on its Mainnet by the end of Q2.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are pleased to announce our new partnership with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RevelarEngine?ref_src=twsrc%5Etfw\">@RevelarEngine<\/a>, Cardano\u2019s first NFT Gaming platform.<br \/>The integration of Djed will help bring a stable way to buy &amp; sell NFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> assets to the Revelar\u2019s system.<\/p>\n<p>Read more: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/mOYKwr4bj5\">https:\/\/t.co\/mOYKwr4bj5<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24COTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COTI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DJED&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DJED<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/scZf2fZeNQ\">pic.twitter.com\/scZf2fZeNQ<\/a><\/p>\n<p>\u2014 COTI (@COTInetwork) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/COTInetwork\/status\/1513502190706565123?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>More than 15 strategic partnerships have been signed with DeFi and NFT protocols in the Cardano ecosystem and there are plans for further expansion. This suggests that Djed will have adequate liquidity and application once it is fully launched and if stablecoin launches from other protocols can be viewed as an indicator of future performance, it&#8217;s possible that COTI could benefit from the expected boost in protocol TVL.\u00a0<\/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>\n<\/div>\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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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\/indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch &#8220; Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs.\u00a0 VORTECS\u2122 charts from\u00a0Cointelegraph Markets Pro\u00a0show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":431211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMjQxMWU3YTItMzFiYi00NjYxLThlNDEtY2JjOTM4YzZkOGVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74860,74868,75150,105688,95118,73785],"class_list":["post-431210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-market-update","tag-markets-pro","tag-nft","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431210","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=431210"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/431211"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=431210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=431210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=431210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}