With the passage of time, decentralized platforms have emerged as one of the most reliable utilities in the entire world. These platforms have turned out to be the best solutions for fast transactions and scalabilities. This is the reason why even major financial payment giants such as MasterCard and Visa started adopting the blockchain technology on a larger scale.
Both financial payment giants have made significant developments when it comes to the adoption of blockchain technology. Especially, the latter payment giant “Visa” is determined to adopt blockchain technology and offer new solutions for cryptocurrencies to their consumers.
This goes onto the show to what scale the decentralized platforms have grown and how far-long they can go in terms of global adoption.
One such decentralized platform is COTI that has been gaining a lot of growth and adoption in recent weeks. The COTI project has managed to gain this much momentum as a result of upgrades that it has made to its network. On top of that, the project has also made several huge announcements that have caught the eye of many investors and businesses.
These are the very reasons that the fintech platform has managed to gain a lot of success and growth among other projects.
If one goes onto COTI’s website to look at the services it provides, they will know that COTI provides unique services to small and big businesses alike.
The network aims to facilitate businesses and provide them with enough information so they can become independent and empowered. The reason for the empowerment is so that the businesses can create their own solutions for payments.
On top of that, the businesses do not have to rely on any third-party facilitators in order to give a digitized form to any currency. This technology is aimed to provide a solution to companies in saving in order to save money and time.
The on-chain data analyzing firms such as TradingView and Cointelegraph Markets have also shared the stats against COTI. The firms have revealed that in the past month, COTI has managed to gain 345% growth in demand and valuation.
The firms have revealed that back on February 4, 2021, the price of COTI was at $0.63 and as of March 5, 2021, the price of COTI hat hit an all-time high of $0.283.
One of the major reasons for the surge in the price of COTI is the mass rally it has experienced after the announcement of COTI Staking 3.0 on March 1, 2021.
COTI is one of many decentralized platforms that has gained an enormous amount of adoption and success in the mainstream industry. The platform is set to hit all-time highs in the upcoming years and according to analysts, the entire DeFi sector will continue to experience a bullish run.