100% plus gains in the last 3 weeks is kind of great being a holder of COTI, but not great for the accumulation as literally my buy ins have been reduced by more than half.
Over the last 12 months I have been writing about COTI on a regular basis and a few of you have been paying attention and invested in the last few months. I know one of you bought a few days ago as we chatted on discord and is already up 40%.
This was so obvious that this was going to happen as this has been on the cards for months already. The time pressure I have been under to accumulate has not been kind, but oh well I will just accumulate at a slower rate from now.
This is not a buy the rumor sell the news scenario as there is far more as this is no pump and dump. Certain crypto projects seem to level up in value as development that has taken place starts to be used. COTI is a prime example of this happening and we shall see how that takes place next week with the launch of DJED.
DJED will become the number one stable coin for Cardano as the COTI team already know how much ADA has been set aside for the minting of DJED by Cardano whales. With Cardano having increased in price it does make it a little easier as DJED will have a value of $1.
Where the win win scenario comes into play for COTI is COTI investors receive 0.5% of the conversion fees for the service they are providing. This is where the real benefits happen as understanding how big this is going to be for the price action that is about to happen.
We know the numbers are big in the many millions but there are two coins and not just one being created here. The service token called SHEN is also being minted so there are two earnings taking place.
25 million DJED (roughly 66 Million ADA) being minted will mean that there is $125K coming to the exchanges to buy COTI which feeds back to the Treasury to pay the investors. 25 million is nothing however which would increase the price of COTI to around 14 c with the current volume for sell orders. This is just the DJED portion however as the same applies to SHEN which needs 4 x the volume of DJED before it can mint SHEN. In theory the $125K will now be 4 x higher and expect anywhere between $500K and $1million COTI being bought within the next month. This is brewing into a perfect storm for COTI so expect the numbers to rise significantly.
$500K purchasing would move the COTI price from 12c to 15c and $1 million over the 20c mark. That is a 30-75% gain for anyone interested as this could go much higher. I am not bothered about price right now as the aim is to accumulate as much as I can before the inevitable happens with the price shooting up. 12 c is not great for accumulation as literally the price has increased by 120% in the last 3 weeks alone.
This again is not financial advice and you need to do your own research as if you had paid attention you would be well in the green for 2023.