COTI price has experienced a big increase, will the rise continue?

The rise in the value of the asset, which recorded a massive increase in 24 hours, is associated with increased interest in COTI technology.

The price of fintech platform COTI has increased by nearly 50% to $0.14.

Crypto analyst theMoonwalkeR praised the COTI's progress and mentioned the implementation of Garbled Circuits in the upcoming V2 core protocol.

" COTI V2 kernels use an advanced anonymity-preserving solution known as Garbled Circuits. The inventions result in 1000 times faster computation than FHE systems, 100 times lower latency compared to existing solutions, and storage requirements 250 times smaller than FHE."

Vitalik Buterin also spoke positively about Garbled Circuits, the analyst said.

How is the price going?

Looking at the technical indicators, it can be seen that the RSI of the COTI is located at the 62 level. This means that COTI is not currently in the overbought zone and has more room to rise if the bullish momentum continues.

COTI describes itself as the first platform for building decentralized payment solutions.

At the time of writing, COTI is trading at $0.13, according to data from CoinMarketCap.