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Cartesi Fundamental Analysis
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
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