Another milestone achieved this week as the COTI stake surpassed 300K which is kind of mind blowing yet expected. This has been a stake targeted spanning over 4 years of consistency and now is reaping those rewards. When I first got started on this project the aim was to achieve 15K COTI as that was the minimum requirement for staking. That all changed when the Treasury opened up and there is no minimum these days.
The biggest difference for my stakes growth today is i have managed to accumulate enough GCOTI which is the governance coin when staked 1 for 1 with COTI applies an APR boost. That boost is worth an extra 21.25% in APR and why one needs this. The base APR for COTI is 5.31% so adding an additional 21.25% this totals a 26.56% APR which is very decent and why growth happens fast.
The GCOTI price is around 5 for 1 cent so if one can accumulate a shed load of these they should be worth far more in the future. The ATH was $0.1362 cents each so this is time to make hay whilst the sun shines. Who knows having 500K GCOTI could be worth $50K in the next few years.
Just a few weeks ago I was earning 94 COTI daily and now this is over 218 so an extra 124 COTI being earned daily. The short term target is 330K COTI which will generate 240 COTI daily or 10 COTI every hour. There is no reason that the stake cannot surpass 400K or possibly 500K this year with a little luck which is market reliant with prices staying down. I see the 300K COTI stake as just the start and now is the time to kick the doors down and make this become something far bigger.
Growth and accumulation is what is important currently and that is where the focus has to be as price has no bearing right now. Selling any crypto now makes no logical sense so growth has to be the smart move. The bigger the bag the hope is that even if the price does not go up as expected then the value will still be there meaning you need far more than expected.
A 500K stake would have been worth in excess of $330K back in November 2021 and I do believe COTI will be worth a few dollars next time we see all time highs appearing. The privacy technology offers many use cases and more adoption so this has some serious legs for growth and adoption.
The other part not mentioned if having a 500K COTI stake this would still be worth in the region of $120 monthly as a passive income so price is not the be all and end all. The dollar values can be found if the size of stake is big enough and this is definitely where my thoughts are for the future. 500K COTI staked along with 500K GCOTI would be a great achievement and has to be completed as fast as possible because these numbers could be dwarfed if we have another year or two before the market swings green. Much like the 15k original target the 500K could become entirely something else without even trying.
I cannot stress the importance of consistency in crypto when applied with the other ingredient being time as these together will allow you to surpass any realistic target set. Very few in crypto think long term and 4 -8 years is not that long when you are looking at the bigger picture. This stake will have value whether the price rises or not as the size of the bag will be that big.
