Summary
TLDR: COTI’s value surged over 100% due to the unveiling of Garbled Circuits on its blockchain, offering faster computation speeds and smaller storage footprint. The upcoming privacy and security upgrade has led to price volatility, with traders urging caution and focusing on higher timeframes. Some remain bullish, predicting a potential rise in market capitalization and reaching $1 in the future.
Key Points
1. COTI has experienced a surge in value of over 100% in the past week, reaching a peak of $0.21.
2. The surge in COTI’s price is attributed to the introduction of a privacy-enhancing feature called Garbled Circuits on the COTI blockchain, which offers significant improvements in encryption speed and efficiency.
3. Market observers have warned of the high volatility of COTI and advised caution in trading the asset, urging a focus on higher timeframes for better decision-making.