https://ift.tt/3HrQNcT Price Prediction: What’s for 2022?

In recent years, the crypto sector has experienced a paradigm shift from being a niche market for developers and tech enthusiasts to becoming an open space for millions of global investors. Several countries, hedge funds, and large corporations have begun accepting Bitcoin (BTC) and investing a portion of their portfolio in digital currencies.

At the moment, innumerable digital currencies have surfaced in the crypto space, and even meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Safemoon have experienced massive price pumps since their inception. The breakthrough of these coins has inspired the roll-out of several new cryptocurrencies, such as Cartesi (CTSI). 

The Cartesi cryptocurrency is fast becoming a popular coin, and the real-world use cases of the project make it even more appealing to potential investors. This piece provides more information about the Cartesi (CTSI) project, its uniqueness, Cartesi technical analysis, historical data, and market price predictions.

What is Cartesi?

The Cartesi network is a Proof-of-Stake (POS) platform designed to transform smart contracts by solving high fees and scalability issues of the Ethereum network. It was birthed in 2018 by Colin Steil, Eric de Moura, Diego Nehab and Augusto Teixeira. The initial project was to develop a trustless Artificial Intelligence (AI) ecosystem for data scientists, but the team soon realized they had reached a broader range. Afterward, the project metamorphosed into a layer-2 Linux architecture to develop dApps and the revolutionization of smart contracts.

Cartesi aims to achieve its goal through the deployment of two (2) products. The first infrastructure is the Noether sidechain, and the second is the Descartes Rollups, an optimistic rollup variant. The Noether sidechain ensures the temporary availability of data to decentralized applications. It also ensures that apps store large files and still attain a high throughput at much lower fees. The Descartes RollUps, on the other hand, helps to scale smart contracts on the Ethereum blockchain.

Combining these two infrastructures ensures that applications based on the Cartesi network can efficiently scale through off-chain/on-chain components. Furthermore, the Cartesi project lets developers create smart contracts and dApps using Linux OS and other conventional software components over the blockchain. The Cartesi ecosystem establishes a link between blockchain and Linux, thereby granting dApps industrial-grade programmability and enormous processing power.

Cartesi Overview

The Cartesi Utility 

The CTSI is the token powering Cartesi. CTSI tokens can be staked or used as data processing fees.

The uniqueness of the Cartesi Network

The uniqueness of Cartesi is in the incremental improvement it brings to decentralized applications that take a step further towards the full actualization of the blockchain ecosystem. Some of the top features that set this project apart are:

• Portability: Cartesi is flexible and will run on popular smart contracts-compatible blockchains. It currently runs on Ethereum, Elrond, BSC, and Matic blockchains, with more integrations expected soon.
• Top-notch Computational Scalability: Cartesi’s off-chain optimistic rollups – Descartes – ensures that it can attain million-fold computational scalability. 
• Privacy: Cartesi is built to conceal data and prioritize the confidentiality of decentralized application users.
• Mainstream programmability: The infrastructure of the Cartesi network is such that it utilizes a verifiable and intensive software-based off-chain computation without compromising the security of the blockchain. 

Developers can now write code for dApps and create complex and straightforward smart contracts using Linux architecture. This feature inducts conventional programmers into the blockchain ecosystem to code smart contracts using Ruby, Python, REST, MongoDB, Eigen, MySQL, Nginx, Libsnark, and Linux. In addition, developers on Binance Chain, Avalanche, Injective Protocol, Polygon, and Elrond can now code with Cartesi.

Cartesi (CTSI) historical data

Cartesi is one of the initiatives in the crypto market that is rapidly gaining traction among investors.  In April 2020, the public trading of Cartesi kicked off with an opening price of $0.05717. The price fell to $0.02675 in May 2020, which is now its all-time low. Towards the end of May 2020, the CTSI price rose above the $0.03 mark and traded within $0.03 – $0.04 until June 2020.

On August 18, 2020, Cartesi’s price reached a year-high market price of $0.1298, but the momentum fizzled out, and the price dropped to $0.02683 on October 30. Before the turn of 2021, CTSI made some recoveries, and its price jumped as high as $0.06217 in December 2020. The positive momentum continued in January 2021, and its market price surged to an all-time high of $1.75 on May 09, 2021 (about 5 months ago). This massive coin price movement is due to the general positive sentiments in the cryptocurrency market within the selected timeframe, as similar price momentum was experienced by BTC and ETH.

Afterward, the price of CTSI fell and then jumped to $1.25 on August 9, 2021. At the moment, Cartesi is trading at $0.625, with a market cap of over $260 million and a 24-hour trading volume of over $31 million. It is currently ranked no. 189, its circulating supply is over $408 million (over 41% of total supply).

Cartesi technical analysis

In the daily timeframe, there is a long-term upward channel that is now on the channel midline. The Ichimoku trigger is activated in Razane time frame and the currency price may be thrown upwards. The white pattern formed in the 4-hour timeframe has been properly broken and is now being pulled back. Please see the reference chart below.

As a potential investor, you may already be asking a few questions about the future price of Cartesi. Let’s delve into some expert price predictions.

Cartesi Price Predictions 2022 – 2030

The live Cartesi price today is $0.702217 USD with a 24-hour trading volume of $21,556,464 USD. We update our CTSI to USD price in real-time. Cartesi is down 2.66% in the last 24 hours. The current CoinMarketCap ranking is #169, with a live market cap of $343,657,101 USD. It has a circulating supply of 489,388,431 CTSI coins and a max. supply of 1,000,000,000 CTSI coins.

Cartesi (CTSI) Price Prediction by Digitalcoinprice

According to Digitalcoinprice, several indicators point to neutral market sentiments at writing, meaning Cartesi could be profitable. Some close monitoring of the market will be necessary before making any investment decision.

Digitalcoinprice expects CTSI to continue with a positive trend in 2022 with a minimum price of $0.98 and a maximum price of $1.15. In 2023, the Cartesi token is expected to trade at $1.33, and by 2025, a market value of about $2 is expected.

Cartesi Price Prediction by WalletInvestor

As per the short-term Cartesi crypto price prediction from WalletInvestor, the trend line shows haphazard price movement for the next few days, with ups and downs in between. By October 2022, CTSI is projected to be trading below $0.625, which is just above its support level (S1) at $0.615 and below its resistance level (R1) at $0.655.

In the long term, the price analysis from WalletInvestor shows an optimistic price momentum for the future, with the CTSI coin breaking through its resistance levels and reaching above $1.3.

Cartesi Price Prediction by Price Prediction (2022-2030)

According to the CTSI price prediction from Price Prediction, the lowest price of the asset at the end of 2022 is expected to be $0.96. The analysis from Price Prediction also projects an average price of $0.99 and a peak price of $1.14.

Cartesi (CTSI) Price Prediction 2023

The estimated prediction for CTSI in 2023 projects an average price of $1.46, a minimum unit price of $1.41, and the possibility of reaching a maximum market value of $1.70.

Cartesi Price Prediction 2024

In 2024, if the uptrend from the past year persists, the unit price of the Cartesi coin is projected to attain a minimum unit price of $2.05 and an average all-year price of $2.10. The maximum Cartesi price predicted for this year is $2.42.

Cartesi Price Forecast 2025

A positive upward trend is expected in 2025, with prices expected to reach as high as $3.5, with an average Cartesi price of about $2.90. Also, the minimum possible price level for 2025 is about $2.80.

Cartesi Price Forecast 2025 and beyond

The Cartesi price prediction forecast for 2025 and beyond is bullish with sustained positive uptrends. In 2026, the maximum price level of this asset is above $5, and its expected minimum value is $4.2. Moving ahead, the value of CTSI is forecasted to reach a minimum of $6 in 2027. Its expected average value for the same year is $6.58, and its highest price is projected to be $7.4.

The forecasts for 2028 and 2029 continue on a bull run, with the adoption of the network most probably full-blown. The maximum prices for these periods are projected to be $11.2 and $16.3, respectively. In addition, the lowest prices are expected to be $9.30 and about $12, respectively.

By 2030, the Cartesi coin could attain a maximum possible market price of over $22 and an average all-year price of $19. The least CTSI price for this year is expected to be around $14 – $18.

Final Notes

As seen from the analysis cited above, Cartesi price predictions, although with a few variations in valuation, quite align with the claims of a bullish trend on a long-term basis. Some projections are very optimistic, while others are rather conservative with price points. Historically, CTSI has shown positive momentums due to the general enthusiasm and the influx of mainstream developers into the Cartesi ecosystem. 

Also, the continuous adoption of the project has continued to drive the market price of its token upwards, indicating that market sentiments favor the coin, and a bullish trend could be expected in the coming weeks and months. However, due to the volatility of the crypto environment and other market dependencies such as emerging technological solutions, legal position, local regulations, etc., it is impossible to predict digital coins’ price movements explicitly.

As an investor, if you are looking for a coin to add to your portfolio, Cartesi could be a profitable investment in the long run. But you must first do your research, understand fundamental analysis, explore multiple viewpoints, and do not solely rely on crypto prediction markets. 

FAQs about CTSI

What is the Cartesi (CTSI) price today?

How to buy Cartesi cryptocurrency?

1. Set up an online account

To buy CTSI, you must open an account with a crypto exchange. However, there are a few limitations on the number of platforms where traders can buy or sell Cartesi tokens due to its relatively small market cap. Some of the major crypto exchanges that offer this digital asset include Binance, Coinbase, Kraken, Uniswap, Poloniex, Wazirx, Changelly, etc. These platforms also provide crypto wallets for several coins upon registration. 

2. Set up a digital wallet

Digital wallets are designed to provide an additional security interface for cryptocurrency assets and NFTs. You will find two kinds of wallets in the cryptosphere; cold wallets and hot wallets.

Typically, hot crypto wallets are those offered by exchanges or other providers in smartphone apps, desktop apps, browser plugins, such as Trustwallet, Metamask, Coinbase wallet, etc. Furthermore, hot wallets are better described as internet-enabled wallets. This feature puts them at the risk of attacks from predators. On the other hand, cold crypto wallets are hardware wallets that can hold digital assets offline. This type of wallet can be disconnected from the internet and other electronics, offering a better security interface. They are considered a haven for cryptos and NFTs. Trevor is one of the hardware wallets to look out for.

3. Purchase the desired volume

Decide on the volume to purchase, and ensure that you adhere to the 1% rule of thumb. You can buy CTSI via direct bank debits or by exchanging other digital assets like Bitcoin (BTC), Binance coin (BNB), Ether, and DAI, for Cartesi tokens. CTSI can also be exchanged to fiat currency like USD and EUR on Kraken and CoinMerce. 

How to sell CTSI?

Cartesi tokens can be sold via the same channel they were purchased. You can leverage the CTSI/USDT trading pair or swap other available pairs on the supported cryptocurrency exchanges.

Which wallet works best for CTSI?

As already established, you can use either a cold storage wallet or a hot wallet. Some examples of hot wallets that are compatible with Cartesi (CTSI) include Coinbase wallet, Trust wallet, Atomic wallet, My Crypto wallet, Guarda wallet, Gnosis safe, and crypto.com wallet.

You could explore cold wallets from manufacturers like Trezor, Ledger, etc.

Is CTSI a profitable investment?

The Cartesi development team is working at providing a solution to the same challenges faced by all and sundry; blockchain scalability, slow transaction speeds, and high fees. The angle of approach by the Cartesi team is unique and could potentially result in big wins for the project and its utility token – CTSI. Fusing Linux and Blockchain is a significant development that will reduce transaction hiccups and open the network to more developers. Cartesi projects have a lot of potentials, and its historical price actions could encourage potential investors.

So, is CTSI a good investment? Based on the advancing real-world applications of the Cartesi and the possible future growth of the project, the value of CTSI could be set for some positive momentum shortly. CTSI is a digital asset to look out for.

How much will be the future price of CTSI?

As seen from the price predictions, the future looks bright for Cartesi, and its value could go as high as $3.5 in about 4 years and $22 in another 5 years. Again, this is a cryptocurrency price prediction and not a piece of investment advice.   

Is Cartesi Token an Ethereum-based token?

Yes, the Cartesi cryptocurrency is an ERC-20 token on ETH’s mainnet.