This Cartesi (CTSI) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our CTSI price analysis and prediction. But before we move on to CTSI technical analysis, let’s take a brief look at the project itself.
What Is Cartesi (CTSI)?
Cartesi is a Layer 2 scaling solution that facilitates the development of decentralized applications (dApps) across multiple blockchains and aims to solve blockchain scalability and infrastructure limitations. The project was founded in 2018 by Augusto Teixeira, Erick de Moura, Diego Nehab, and Colin Steil.
The Cartesi coin (CTSI) is a multipurpose token that powers the Cartesi Proof of Stake network. It is mostly used for incentivizing the network's validators, as well as for staking and paying gas fees on the Cartesi blockchain. The CTSI token also guarantees the correct functioning of dApps and discourages bad actors from attacking the network, thus securing Cartesi.
In April 2020, the project launched an ICO, offering 100 million CTSI tokens that raised $1.5 million for Cartesi's future development.
Now that we have an idea about the CTSI token, do you think CTSI will be profitable crypto in 2022? Join me and let us see the charts in this CTSI price analysis and CTSI price forecast.
Cartesi (CTSI) Current Market Status
As of the time of writing this Cartesi price analysis, CTSI trades at an average price of $0.134592 with a 24-hour trading volume of $7,745,987. The Cartesi price has decreased by 0.63% in the last 24 hours.
|Fully Diluted Valuation||$134,630,980|
|24 Hour Trading Volume||$7,745,987|
Currently, Cartesi has a circulating supply of 627 million CTSI. The top cryptocurrency exchanges for CTSI are Binance, Deepcoin, MEXC, Bybit, and Bitrue.
Now, let’s proceed to the next part of this Cartesi price forecast for 2022.
Cartesi (CTSI) Price Analysis 2022
Currently, Cartesi holds the 261st place on CoinMarketCap. But will the latest upgrades, development, and changes in the Cartesi blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this CTSI price prediction article.
The relative strength index (RSI) of CTSI is at level 42.62. This means that CTSI is in neither an overbought nor oversold state. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of Cartesi (CTSI)
Since the start of 2022, CTSI price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, CTSI has a competitive market this year.
Is Cartesi a good investment in 2022?
The chart below shows that CTSI has been moving sideways for quite a long time. However, there's a chance that this trend will be averted, resulting in a CTSI bull run up to $0.271 after breaking the $0.25 resistance.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone CTSI from its uptrend position. In simpler terms, the price of CTSI might drop to almost $0.031, a bearish signal.
Meanwhile, our long-term CTSI price prediction for 2022 is bullish. CTSI coin has a high possibility of reaching an average forecast price of $0.29 this year. However, that will only happen if it breaks many previous psychological resistances.
Cartesi (CTSI) Price prediction 2023
If this bullish trend continues, CTSI will reach $1.152 by the end of 2023. Moreover, the first half of 2023 is going to show fast growth, up to $1.05. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $1.16 is quite optimistic from the price point of view but undoubtedly feasible for the near future.
Cartesi (CTSI) Price prediction 2024
If CTSI holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1.3, making it not plummet but play consistently.
Cartesi (CTSI) Price prediction 2025
As per the latest upgrades, developments, CTSI price prediction, and new project forecasts of the platform, CTSI investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of CTSI in the crypto market, and it will be the best investment as the price can spike and reach around $1.7.
CTSI has a bright future ahead of it in 2022. With the ongoing developments happening within the Cartesi ecosystem, as well as in the overall crypto market, we may see CTSI reach new heights.
The bullish CTSI price prediction for 2022 is $0.271. However, it may even reach $0.3 if investors have decided that CTSI is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.