Being invested in crypto is not for the faint hearted as volatility can be your friend and enemy at the same time. Crypto can drop like a lead balloon and rise like a rocket depending on market sentiment. I do think this is why I enjoy crypto so much as you never know what is going to happen next. Always expect the unexpected and try and remove all risk wherever possible. The chart above is that of COTI and we are back at January 2020 prices.
The comforting part is every crypto is in the same position or more accurately 99.9% of alt coins. This crypto cycle has been particularly brutal and at the same time enjoyable due to the growth opportunities. Crypto is still in it's infancy even though it is hard to believe we have already been active for many years.
The hope this cycle is we have all selected our various crypto investments wisely and my COTI investment has been grown from zero over the last 4 years and has dominated my attention this cycle. Everyone needs a bit of luck along the way and COTI becoming an L2 Token on Ethereum now known as COTI V2 was the luck I needed.
COTI V2 is a privacy token using the Garbled Circuits technology and with privacy becoming an important narrative this cycle the investment looks well placed to perform well. At least there is tech backing this crypto token which is far more than what can be said about 99% of crypto.
Over the last 12 months more than 50% of the transactions on the Ethereum blockchain have been taking place on the dark pools. This is to prevent front running bots skimming profiting from the trades.
The Ethereum Foundation is hosting a discussion later this month with regard to privacy allowing the various L2's to provide updates on the privacy tech being developed or what is already available. Awareness is the key as COTI is already live with it's programmable privacy and using the dark pools is no longer the only safe option. COTI is seriously well positioned to become the number one privacy provider on the Eth blockchain which would be huge.
The other news this week is the EU has back tracked on it's privacy stance which has raised concerns. COTI again with it's encrypted Garbled Circuits offers a solution for institutions to use crypto and blockchains.
Privacy is a human right and protecting your data should be more important than ever due to how many bad actors are in the online space. 2027 is a life time away in the crypto world and we know technology changes through development and created in the crypto world at a faster rate than the real world. COTI has programmable privacy so it can be added to any crypto involved across 72 blockchains currently.
The privacy narrative is only going to get stronger during the remainder of this year and next year as privacy is the key to crypto adoption allowing institutions and businesses to transact using crypto without fear.