Karat Protocol (KARRAT) is a newly launched blockchain ecosystem that supports transformative AI and innovations in the gaming and entertainment industries. The decentralized platform can handle real-time animation content for streaming and retail, telecom, education, and so much more.
This article is a guide to the Karrat Protocol where we will discuss what it is and how it works. We shall also look at the network’s native KARRAT token to understand what purpose it serves on the blockchain, list exchanges where you can buy the token, and make price predictions, before determining whether it is a credible cryptocurrency project.
So, without further ado, let’s get started.
What is Karrat Protocol (KARRAT)?
Karrat Protocol realizes that the traditional gaming and entertainment industries have long operated in the shadows, leaving the community backing these projects without a voice when it comes to making crucial decisions.
Karrat aims to shatter this paradigm with the help of cutting-edge on-chain governance. The community takes the lead on the protocol and is included in a governance model that fosters inclusivity, transparency, and active participation.
The decentralized gaming infrastructure layer empowers the gaming and entertainment community and supports innovations in these sectors.
How Does the Karrat Protocol Work?
Karrat is a platform for games, AI, and entertainment. So it was obvious that the project would be releasing a related product or service. During its launch on April 22nd, the team also announced the first title under the protocol, ‘My Pet Hooligan’.
This game features motion capture technology, AI-driven conversational non-playing characters (NPCs), and real-time face animation. Players can play My Pet Hooligan on Karrat while embodying an in-game NFT.
As we mentioned earlier, central to the ethos of Karrat is the empowerment of the gaming community in decision-making regarding their favorite titles. The project leverages blockchain technology to break the paradigm of centralized decision-making and bring the community to the forefront through on-chain governance.
What is the Karrat Token (KARRAT)?
KARRAT is the native utility and governance token of the Karrat Protocol. The cryptocurrency supports the entire ecosystem and gives the community voting rights on growth and development proposals for gaming titles as well as the blockchain itself.
KARRAT has a maximum supply of 1 billion tokens, but the number of tokens currently in circulation is unknown. Karrat coin has a market capitalization of $686.29 million.
At the time of writing, KARRAT is trading at $0.6831 – down 18.6% in the last 24 hours.
During the same period, the coin has attained a trading volume of $16.37 million.
KARRAT Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
Based on this current market price, KARRAT is forecasted to trade within a price range of $4.29 at its lowest and $10.29 at its highest in 2024. The average trading price for the token this year is estimated to be $7.29.
In 2025, KARRAT is predicted to change hands between a low of $7.89 and a high of $17.16. The average trading price for the token next year is estimated to be $12.52.
In 2026, the average trading price for KARRAT is assumed to be $13.73. During the year, the coin could be trading within a price range of $12.01 at its lowest and $15.44 at its highest.
By 2027, experts say Karrat coin could be trading within a minimum and maximum price range of $5.49 and $10.98. The average price at which KARRAT could change hands during that year is estimated to be $8.24.
In 2028, the average trading price for KARRAT is estimated to be $10.64. The token is expected to have a rally during that year, changing hands within a price range of $7.55 and $13.73.
The rally is said to continue through into 2029, when the token will be trading within a minimum and maximum value of $13.04 and $30.88, respectively. The average trading price for the token during that year is estimated to be $21.96.
By 2030, the price of KARRAT is forecasted to hit a maximum of $37.75 and a minimum of $27.45. The average price at which the token will trade during that year is estimated to be $32.60.
Where to Buy Karrat Coin (KARRAT)?
KARRAT can be purchased and traded on the following cryptocurrency exchanges:
Is Karrat Protocol a Credible Cryptocurrency Investment?
Karrat Protocol is a blockchain-based gaming and entertainment platform that seeks to democratize the entertainment industry. The project breaks the paradigm of centralization within the sector, offering the end user more transparency, inclusivity, and importance in key decision-making processes.
The revolutionary new project is set to take the blockchain gaming market by storm and has already launched its first title ‘My Pet Hooligan’. Karrat’s native KARRAT token is also projected to perform strongly in the coming year, making it a credible, long-term cryptocurrency investment.
However, as is the case with every other cryptocurrency, KARRAT is also prone to extreme price fluctuations. Therefore it is crucial to conduct thorough research before making any investment decision regarding the Karrat Protocol.
