Technical update of the past 2 weeks - What has been done & what's keeping us awake👀
The team has made fantastic progress and is in the final stages of preparation for community testnet access.
Completed:
☑️Core infrastructure ready:
☑️Mainnet - Brand new BPs and RPC bare metal servers + cloud servers built and ready to go.
☑️Testnet - Brand new cloud based BPs and RPC built and in use.
☑️Default Phantasma Testnet servers connected to new Phoenix Testnet servers.
☑️Seamless Testnet access within Poltergeist: Users can switch from Mainnet to Testnet via the Nexus setting to access Phoenix—No custom configuration needed.
☑️Poltergeist Lite updates: Added developer/tester mode for easier testing with test tokens.
☑️Explorer Impact on RPC Stability –
Fixed an issue with legacy explorer node, improving and streamlining its logic for requesting data from the chain.
☑️Data migration issue resolved: Stake balances and unclaimed KCAL now properly carried over.
☑️Stable transactions: Sending, receiving, staking, and claiming SOUL & KCAL are all working reliably.
In Progress:
⚙️1. Poltergeist Lite Improvements – Enhancing UX with clearer error messages to ensure a smoother testing experience.
⚙️2. NFT Transactions – Reviewing sending of all types of NFTs.
⚙️3. KCAL Crown multiplier: Ensuring accurate KCAL claims calculations in regard to Crown ownership.
⚙️4. Chain BP and RPC load and performance testing - Ongoing.
Notes:
The chain itself has been incredibly stable. We're doing tons of testing, and the chain has been smashing out txs. The remaining refinements focus on UX and load and stress testing to ensure a smooth public testnet experience.
"Don't k*** yourself" is trending and yet some think this is the top
We are literally in hell sentiment wise
This #bullrun will cleanse your dirty souls
The COTI V2 token upgrade is coming with the Mainnet launch in Q1 2025.
If you like planning ahead, here's what to expect👉https://t.co/w1qKDuCELD
Note that no action is needed yet —stay tuned for updates and get ready for the next evolution of $COTI
How to find the top in this cycle. A thread.
When you see these 10 signals flashing, it's time to bail. Signal 9 will tell you when to sell altcoins.
Bookmark this thread! Let's go. 1/12 🧵
For the first time ever, Bitcoin has the support of the US Government. Today marks a new era. Imagine what we can build now that the government is on our side.
Everyone🚨
This is your weekly $coti update!
This week, we have had a lot of discussion about $coti's behind-the-scenes work to integrate with other blockchains.
We have had teaser announcements for #Solana and #cosmos. @COTInetwork's development update a few days ago was openly stating that "integration work" is ongoing. Yesterday, the seemingly out-of-the-blue announcement that @sodabubblelabs were going to speak at a #chainlink conference next week.
To me, going multi-chain has enormous implications.
First off, I believe it's inevitable that $coti ultimately be used by projects building on all major blockchains. The need for privacy is so strong and if you want to stay relevant, you need to be offering this.
The traffic on $coti V2 mainnet is going to be massive. Last week, I demonstrated how $coti have already onboarded in excess of 10 million users. Once we get the snowball rolling on multi-chain, 100+ million users will come easy.
TVL using using GC will reach into billions of $
Combine this with the very exciting and novel node-ecosystem and treasury model that will soon be unveiled, you got an explosive cocktail💥
Next week, we will see the fruits of all the efforts the team has put into their CBDC showcase. Taylor Swift will be front and center! I have no doubts that this will be hugely successful, but I am still on the fence in terms of how quick we're going to see actual, tangible results.
Regardless, this will be a major flex by $coti and will be sure to catch a lot of attention both inside and outside of #crypto.
We will be talking about these and other exciting subjects later today on the COTIConfidential meetup. Come join us in our telegram group - @COTIconfidential - and catch your link for this event.
Have a great weekend,
🩷
Soeren
🚀 $COTI: The Next Big Thing in Crypto?
Hey #CryptoCommunity! 📷Have you heard about $COTI ? Here's why it might be the next big wave in the cryptocurrency ocean:
Innovative Technology: COTI stands for "Currency Of The Internet," and it's not just another blockchain. It uses a unique DAG (Directed Acyclic Graph) based protocol which promises faster, cheaper, and scalable transactions. Think of it as a blend of blockchain's security with the speed of centralized systems.
Real-World Use Cases: Unlike many cryptocurrencies, COTI isn't just about speculation. It's designed for everyday use with its payment solutions, like COTI Pay, aiming to streamline transactions for businesses and consumers alike.
Decentralized Finance (DeFi) Ready: With its Trustchain protocol, COTI supports complex financial applications without compromising on speed or cost. It's like building a highway for DeFi apps where traffic jams (congestion) are a thing of the past.
Strategic Partnerships: COTI has been aligning with some big names in the crypto and traditional finance sectors, suggesting a roadmap towards broader adoption. These partnerships aren't just for show; they're about integrating COTI's tech into real-world applications.
Market Performance: While past performance isn't a guaranteed predictor, $COTI has shown significant growth spurts, often outperforming many established cryptocurrencies in short periods. This volatility could be attributed to its innovative approach and growing adoption.
Community and Development: The COTI team is active, with regular updates and developments that keep the community engaged. A vibrant community often presages a healthy project trajectory.
Vision for the Future: COTI isn't stopping at payments. There's talk about AI integration, confidential transactions, and more, aiming to be at the forefront of Web3 innovation.
But, as always, let's keep our feet on the ground:
Volatility: Crypto is notorious for its wild rides. $COTI might be no exception.
Regulation: The crypto landscape could change overnight with regulatory news.
Competition: The space is crowded. COTI needs to keep innovating to stay ahead.
If you're looking for the next big thing in crypto, $COTI might just be on your radar. But remember, always do your own research (DYOR) and never invest more than you're willing to lose in this high-risk, high-reward market.
What's your take on $COTI? Let's discuss in the comments! 📷📷
$COTI partnerships are growing stronger every day, and it's amazing to see how COTI is expanding its presence in the DeFi space. The future looks bright as @COTInetwork continues to build and collaborate with other key players in the industry. Excited for what's coming next! #COTIV2 #web3 #PrivacyMatters
Selected Ecosystem Partners 👇
The current cycle top and bottom predictions:
Cycle Top
Date: April-June 2025
Price: $210k-$250k
Cycle Bottom
Date: Fall 2026 - Spring 2027
Price: $70k-$85k
𝗧𝗵𝗲 𝟮𝟬𝟮𝟰-𝟮𝟬𝟮𝟱 𝗮𝗹𝘁𝘀𝗲𝗮𝘀𝗼𝗻 𝗯𝗹𝘂𝗲𝗽𝗿𝗶𝗻𝘁
Both uptrends and downtrends have the inherent nature to fall back to their strong key levels before resuming the trend.
What's happening in the market right now is no different.
The market might be
giving us a hard time right now but the altcoin charts paints a pretty clear picture.
- From key level to key level
- From demand to supply
- Rinse and repeat
This is basically how trends are formed and why we also see trends within trends (smaller bear markets in bull markets and smaller bull markets in bear markets).
Today's situation?
I expect demand to hold right here as it's nothing more than textbook behaviour.
Once that inner trendline is broken (which it will) it's another leg-up straight up to the next supply zone.
Nova out 💙
The end of US dollar dominance.
The world is abandoning the bully.
The US won’t be able to raise debt.
Money printing will be the only tool.
Hyperinflation will destroy US assets.
Expect the >biggest crash< in history.
As long as the crypto market is tanking in sync with stock markets people don’t understand what crypto is all about. It’s not for speculation. It’s for your financial freedom. A safe haven from the stock market Ponzi scheme and inflationary money printing. Use crypto as money.
Many believe the market needs trillions to get the altseason.
But $SOL, $ONDO, $WIF, $MKR or any of your low-cap gems don't need new tons of millions to pump.
Think a $10 coin at $10M market cap needs another $10M to hit $20?
Wrong!
Here's the secret 🧵⬇️
Altcoins have seen a steady decline since the local Bitcoin market top.
Similar like Bitcoin finds itself below a key resistance to reclaim, so do altcoins.
It's extremely likely that
altcoins will fly once we break past that previous support / local resistance (black line).
While most people lose faith that this move will happen, it's pretty inevitable.
While the market doesn't always go up, it eventually ALWAYS has.
We've always had up and downs but not a single time in the entire history of the crypto markets has it not bounced back.
Betting on it not bouncing back is almost guaranteed to be the losing trade here.
Nova out 🤝