COTI Stake Growth Consistent
Wednesday is farming day in the COTI Treasury as we receive our weekly rewards of GCOTI which was a total of 969 today which boosts the APR when staked 1 for 1 with COTI by 20.81%.
This has been another good week of growth for my COTI stake with accumulation averaging around 500 COTI daily. The COTI daily rewards are hovering around 224 daily due to the declining APR. The APR has dropped by 0.38% over the last two weeks so the drop in the APR is basically nullifying the daily reward growth. The aim is to reach 240 COTI in rewards daily which was on target for next week until the price doubled. No complaints as these are the controllable you cannot influence and price is literally white noise.
COTI is becoming an infrastructure layer for blockchains which is a big deal and investors will only see this later on. $0.018 is still very cheap and waiting for dips may or may not happen. I am expecting 5c before I see 1c again so we shall see how that plays out.
The amount of time taken doing research on this investment is a way of reducing risk and why you need to DYOR. There is always a chance things may not turn out as expected and why crypto is so much fun as we can only try and do our best. If you follow the crowd then you are the exit liquidity so finding the crypto before it pops is never easy.
The aim with this COTI investment has always been about selling and not necessarily about a passive income. Selling for a big profit and then buying back when the market crashes will still be the right answer here and the correct way to go knowing how this eco system with the COTI Treasury all works like the back of my hand.
The trick with staking and earning an APR offering daily rewards is the size of the stake which drives the rewards. Even with an absurd price of $0.10c the current stake would be worth nearly $700 monthly which is still a long way short of my passive income target.
The next 6 or 12 months or hopefully longer will see the daily rewards increase as the stake size grows. The growth rate may be slower due to a lower APR which is expected to drop until the COTI revenue increases which it is expected to do once more blockchains have the COTI privacy tech embedded.
Realistically a year ago I mentioned I would expect the APR to be around the 12-15% range which means I need to double my stake size to over 600K COTI in order to receive the same daily rewards as I do currently. Not impossible, but one hell of a grind to make that happen and I am ready for the challenge.
For now price is not important even though another month down below $0.01 would have been more ideal, but these are things we cannot control and are literally white noise. These are still the best times to grow when the prices are that so far down from the ATH's and we will look at these times fondly when prices do rise. The Bear market is when the profits are made and why staying busy by being consistent is the key to unlocking future wealth. You only see this when you have been in crypto for many years through the cycles knowing how the cycles reward those who stay active.
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