This is my Coti treasury rewards after roughly 24 hours which doesn't look like much at these prices but the hope one day it will be worth far more. The first objective was to earn $25 per month passively which has been comfortably achieved and to now turn that into $50 by slowly adding to the stake.
The Bear market is for growing your bags and making a difference for when the Bulls return which they will. We have seen crypto tokens do a 10x or even 100x depending on the project and what it offers.
Coti is one of many projects that has a bright future and I am comfortable with where the team is taking the project. I do see it as being undervalued for what it offers, but market prices are realistic as thy have yet to launch anything of real substance. They talk the talk and now need to show what they have in their lockers as that is when the values will be unlocked.
This year the hype with Coti has been around 2 things with DJED the Cardano stable coin being the original focus. The other I will get to further in the post. With delayed hard forks setting a date has been difficult and now finally we have an idea. The closing speech will include Coti on stage which will no doubt result in an announcement of DJED's imminent launch. This will happen on the 21st and expect this as big news for not only Coti but also Cardano's long term holders. This is what they have all been waiting for to kick start the Cardano Defi eco system.
Bear markets are not only for stacking but also for teams to develop and expand on what they already have. Cardano are known for taking their time and making sure that they get things right first time even if it is 6 months overdue. This is truly the "WEN" community as no other community has been through the ringer like they have when it comes to being patient.
Coti having partnered up with Cardano with the announcement at the last summit in 2021 has also been patiently waiting in the side lines. This announcement will trigger a whole host of new things which gives me the hope that Coti can literally do a 10 x very quickly.
I say this as the GCoti is launching before the DJED token so this will be a bumper announcement as GCoti cannot be purchased. My advice if you have Coti staked within the treasury is to slowly move this into the 120 day staking at what ever level you are comfortable with as those in long term staking will receive more GCoti during the airdrop. GCoti holders will benefit by receiving an increased APR on the treasury by whatever they receive in the airdrop. This is big if you can possibly earn an extra percent or two as over time we know how this compounds.
Back to the second important factor for Coti this year and that is the Enterprise tokens which I believe will now only be seen in January or February next year. Don't quote me on this as this makes more sense than a late year announcement which may seem rushed. Most businesses are at their peak during the seasonal times and surely the common sense is to delay the temptation until the New Year.
These 2 announcements plus the GCoti are actually rather big and important for Coti which will add serious values to the Coti token. What price will it be come 2025 I have no clue as speculating is dangerous and rather wait and see. Whatever happens the price would be undervalued even at $2 which is a 20x from here and why I do think the price will be way higher. The hope by then is I am earning far more than 10 Coti per day through APR and this will become a serious passive income earner.
Crypto is strange in the fact that crypto projects that have real use cases don't seem to be values accordingly and this is one area I suspect will change. The daily use case will eventually separate from the crypto trend lines and become independent on it's own two feet and expect Coti to do this within the next 2 years. The use cases are just too big with service fees funneling back to the treasury purchasing Coti from the exchanges sucking up the liquidity.