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The COTI price has surged 45% in the last 24 hours to trade at $0.1862 as of 8.07 p.m. EST on trading volume that skyrocketed 231% to $343 million.
The surge in the COTI price mirrors the significant growth in DeFi platforms like Uniswap, Compound, Sushiswap, and Aave, which also saw substantial price increases fueled by the increasing enthusiasm for DeFi during the ongoing AI craze.
Other tokens, such as 1Inch Network, Raydium, and Compound, have surged by 20%, 19%, and 15%, respectively.
COTI Price Breaks Upwards In An Unprecedented Bull Rally
COTIUSDT Analysis By Tradingview
The COTI price indicates a sharp upward rally, breaking from the prolonged consolidation channel as the bulls found anchor support at $0.05507 to fly the price to a $0.2405 high.
However, sellers were quick to profit, causing a correction that saw the COTI prices decline shortly. But bulls have shown resilience, overriding the correction and reclaiming control, rallying back in a sustained bullish trend.
The price currently trades above the 50-day and 200-day Simple Moving Averages (SMAs), indicating strong bullish momentum. The moving average cross at $0.04905 adds weight to the overall bullish outlook of the COTI price.
Although indicating a consolidation phase, the Relative Strength Index (RSI) is trending upwards, rebounding from the 50 midline level and currently at 88 in the overbought zone, indicating intense buying pressure.
COTI Price Prediction
The COTI price has a bullish bias, supported by the SMAs and the RSI, making it easier for the bulls to claim a new high at $0.3052, a potential 30% increase from the current price.
In a converse scenario, bears could take advantage of the current resistance level and trigger a further correction, causing the bulls to retreat to the $0.1560 support level.
Meanwhile, if you missed the COTI price surge, it might be worth considering a diversification into BTCMTX, the native cryptocurrency for the Bitcoin Minetrix ecosystem. Analysts say that it has the potential to surge by 10X ahead of the Bitcoin halving.
BTCMTX Presale Closes In On Its $12.1 Million Target: Buy Fast
BTCMTX is set to revolutionize Bitcoin mining, an activity that otherwise is known to require intricate and costly hardware. Bitcoin Minterix combines cloud mining and staking as a means to remove the need for costly equipment, making an affordable Bitcoin mining process available to anyone.
Bitcoin Minetrix allows users to buy its native token, BTCMTX, and then stake it on its platform. In return, stakers receive credits that allow them to mine Bitcoin.
Currently, Bitcoin Minetrix is in its presale phase, with each BTCMTX token priced at $0.0137. The presale has already amassed over $11.4 million in sales, as it races towards its $14.258 million target.
Exciting news for the #Crypto mining industry! 🚀#PolarisTechnology unveils plans for a $100 million, 200MW data center in Muskogee, Oklahoma.
What opportunities do you think this development will bring to the local community?#BitcoinMinetrix has successfully raised more… pic.twitter.com/m6jQ29WJ1D
— Bitcoinminetrix (@bitcoinminetrix) February 20, 2024
Buy BTCMTX Now, Stake To Mine, Join The Minedrop Airdrop Competition
BTCMTX also offers a staking feature, allowing you to purchase and stake your acquired tokens for an impressive 60% annual percentage yield (APY). Currently, over 698 million BTCMTX tokens have already been staked.
Additionally, buying BTCMTX allows you to participate in the project’s $30,000 minedrop competition, where ten lucky winners will receive $3,000 worth of BTCMTX.
Crypto analyst and YouTuber Jacob Bury is optimistic about BTCMTX, suggesting it has the potential to deliver 10X gains to early investors upon launch.
You can visit the Bitcoin Minetrix website to participate in the presale and acquire BTCMTX tokens by swapping your ETH or USDT. You can also use your bank card to buy directly.
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