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Cartesi Price Prediction

An up-to-date Cartesi price prediction for 2021, 2023, 2025. Wondering what is the future of CTSI price? Find out Cartesi price forecast with historical, fundamental and technical analysis.
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Cartesi Fundamental Analysis

Project name
Cartesi
Stock Symbol
CTSI
Curr. Price
0.6087
Curr. Supply/Total Supply
1000000000
ROI Since Launch
No Data
Launch Date
No Data
Official Website

Cartesi (CTSI) is a token powering Cartesi – a layer 2 scalability solution working as a platform for dApp developers to make and deploy their apps.

Usually, Level 2 solutions focus on moving calculations off-chain to improve scalability. In addition to employing a similar method, Cartesi approaches the scalability issue from a slightly different angle. The Cartesi team points out that “traditional” development is such a thriving field because several decades of evolution have left an impressive legacy of tools and knowledge for today’s developers to build upon. In contrast, dApps on the blockchain are currently very limited. One of the reasons for that disparity is an operating system – or lack thereof – as an environment that encourages development. Cartesi aims to solve this by using a special virtual machine called the Cartesi machine based on RISC-V architecture, first designed and tested in academic work. It hosts a fully capable general Linux environment, which helps it avoid the limitations of the blockchain as fuel-specific virtual machines. This allows developers to utilize the tools they’re used to and write code in any language instead of having to learn specific languages like Solidity or Viper, which helps them feel more confident and creative.

Cartesi token is used to incentivize networks and as fuel in transactions. It is also a part of the Proof-of-Stake consensus mechanism used on Noether (Cartesi’s sidechain) for storage.

Cartesi Live Price Chart

Cartesi was first released in April 2020 through Initial Exchange Offering on Binance Launchpad. Its price stayed mostly between $0.03-$0.05 until 2021, except in August, when it went through a slight elevation up to ~$0.1. Cartesi’s price peaks seemingly often correspond to CTSI token unlocks, which happen every 3 months – August 2020 wasn’t an exception. The first unlock of 2021 happened in late January, and at the beginning of February, the price jumped to $0.3. After some ups and downs, Cartesi’s price reached an all-time high on May 9, 2021 – $1.75. Since then, the price has been trending down, albeit slowly, reaching ~$0.4-$0.5 in early July. However, the next batch of tokens is going to be unlocked at the end of that month, so in August we’ll be able to take a look at the price and see whether the trend keeps up.

Cartesi Technical Analysis

Despite the fact that 100% accurate technical analysis for Cartesi cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CTSI buy-and-sell rating for selected timeframe. The summary for CTSI/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Summary

As it can be clear from the analysis cited above, Cartesi (CTSI) projections are rather contradictory. There is no universal consensus either about positive or negative future CTSI price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Cartesi projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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