Where To Buy Cartesi: Price Prediction And Is It A Good Investment?

Cartesi (CTSI) is the native token of the, well you guessed it, Cartesi platform.

The platform is an open-source project that offers a development and deployment environment for scalable decentralized applications (dApps).

The cryptocurrency has been in all rage since the platform’s integration with Travala, the crypto travel booking site in 2021.

This article is the last guide you need to understand the Cartesi project and its native token.

Here, we go into the platform’s value proposition, and the utility of the Cartesi token, analyze its past price movements, and finally, find out if this crypto project is worth a second look.

Let’s get started without any further ado.

What is the Cartesi Project?

As I have already mentioned, Cartesi is a development platform. It is primarily a layer-2 scaling solution for the development of decentralized applications (dApps).

While the platform is blockchain-agnostic, it inherits security and censorship resistance from Ethereum.

This means that Cartesi is not tied to any particular blockchain, providing a flexible development environment and at the same time benefits from Ethereum’s network security.

Cartesi is home to some of the most unique features that are appealing to dApp developers. Let’s have a look at them.

Key Features of Cartesi

Linux Environment: Cartesi comes with a Linux software environment. This will make developers feel at home and use familiar programming languages, tools, and libraries.
Application-specific Rollups: Cartesi optimizes computational resources by providing a separate optimistic rollup to each dApp on the platform.
Cartesi Virtual Machine: The native virtual machine on Cartesi offers a comprehensive suite of code libraries and open-source tools.

What is a Cartesi Token?

As the utility token of the Cartesi platform, CTSI is used for participating in the governance of the ecosystem.

The token follows a Proof-of-Stake system and the stakes are rewarded with CTSI.

The users of Cartesi must pay a transaction fee in CTSI to insert data on the side-chain.

Now that we have covered the basics, let us take a look at some of the key features of the Cartesi token.

Key Features of Cartesi Token

The Cartesi token stands out from other utility coins through its incentivization mechanism and community-driven governance.

Incentivizing Honest Engagement: Inside the Catesi ecosystem, node operators are randomly selected based on a PoS system and offered the right to create the next block. The users are required to stake their CTSI tokens as a form of deposit.
Community-Driven Governance: In Cartesi’s governance model, the CTSI token holders have a say in the direction of the project. It uses snapshot voting to vote for proposals allowing maximum participation without locking up the tokens.

Cartesi Tokenomics

Cartesi has a total supply of 1,000,000,000 tokens. Out of these, over 700,000,000 million tokens are currently in circulation, making up about three-quarters of the maximum supply.

CTSI presently has a market capitalization of around $2 million.

The remaining tokens are added to the supply according to a 6-year vesting schedule.

The emission schedule is designed to create a steady and predictable supply of the tokens.

Token Distribution

Cartesi token did not follow a fair launch and I will add the distribution below.

Mining Reserve: 250.00 million CTSI (25.0 percent)
Team: 150.00 million CTSI (15.0 percent)
Binance Launchpad Sale: 100.00 million CTSI (10.0 percent)
Private Sale: 50.00 million CTSI (5.0 percent)
Advisors: 21.15 million CTSI (2.1 percent)
Seed Sale: 20.00 million CTSI (2.0 percent)
Strategic Sale: 6.70 million CTSI (0.7 percent)

CTSI Price History

You can find the significant price movements of CTSI below. The data is taken from CoinMarketCap.

The CTSI token was launched on May 10, 2020, for $0.026751.
On May 09, 2021, its price reached a then-high of $0.1914.
CTSI briefly touched an all-time high of $1.7173 on April 2023 followed by a correction to $0.1639.
Present: As of the time of writing, the price of CTSI is around $0.2410, climbing steadily from December 2023.

Currently, the token has a trading volume of over $42.5 million with a market capitalization of $224 million.

How To Buy Cartesi Token?

The Cartesi Tokens can be bought from several centralized and decentralized exchanges or some of the traditional brokers.

CEXs

Binance
Gate.io
Kucoin
Coinex
Whitebit
Kraken

DEXs

Uniswap
Sushiswap
Balancer

Traditional Brokers

eToro

Price Prediction

There have been all kinds of speculations about the future price of CTSI.

The bulls expect the token to climb back to its yesteryear peak of full dollar prices any time soon.

The bears are, however, not so optimistic, predicting a drop of as much as 25 percent, as the crypto market has been moving sideways for quite a while now.

Based on the technical indicators, the price of Cartesi is forecasted to drop by 7 percent and reach 0.2744 by next week.

However, it is expected to go up by around 15 percent and reach $0.3257 by the end of the month.

If the token can manage to maintain its upward streak, it could be priced at $0.75 by the end of 2024.

It should be noted that the real value of the Cartesi token is derived from the utility of the Cartesi ecosystem.

Conclusion

The Cartesi platform brings some unique ways to experience dApp development to smartphones.

Its native utility token, CTSI comes with its set of compelling mechanisms for transactions.

The ecosystem has managed to attract a loyal user following and crypto enthusiasts.

Though it has been almost four years since the launch of the Cartesi ecosystem and its token, it’s still difficult to tell with certainty, what this unique cryptocurrency has in store for the future.

Since the crypto market is highly volatile, I would suggest potential investors exercise adequate caution in approaching Cartesi or any other crypto asset for the same reason.