The scalability problem is the key reason blockchains have faced high transaction fees and network congestion. Unfortunately, most smart contracts are created using the Solidity programming language, meaning developers who wish to build a decentralized application (DApp) must know that language. As a result, it has posed a limitation to the growth of the blockchain industry, as developers with traditional programming knowledge need to update their skills, which might be costly and require more time.
Cartesi is a Layer 2 scaling solution developed to create a user-friendly operating system on the blockchain. It enables developers with traditional programming knowledge to build dApps on the blockchain using a familiar programming environment. Installed as the primary operating system on the blockchain, it integrates Linux and other programming languages, allowing developers to use their existing programming expertise to build dApps.
In addition to building a user-friendly platform, Cartesi can be used on multiple blockchains, including Ethereum. It also incorporates both off-chain and on-chain components giving dApp developers significant flexibility.
Cartesi’s native cryptocurrency, CTSI, is a versatile token that powers the Cartesi Proof of Stake system. It is primarily used to encourage the Cartesi node operators to operate the system openly and pay for the system’s transaction fees.
Cartesi Price Prediction | Introduction
At the time of writing this article, Cartesi crypto has seen a 1.26% fall in 24 hours, bringing its price to $0.103. According to CoinMarketCap, Cartesi is the 255th cryptocurrency among the most valuable on the market, with a trading volume of $2,927,829 and a market cap of $67,214,229. The fully diluted market cap of Cartesi crypto stands at $103,007,462, with a circulating supply of 652,532,966 and a maximum supply of 1,000,000,000 coins.
Although the Cartesi crypto might be experiencing a downtrend, it has achieved numerous accomplishments in the blockchain industry. First, developers can code scalable smart contracts using their existing programming skills. It also has excellent software tools and user-friendly services, thoughtfully designed to bridge the gap between legend software and blockchain.
While Cartesi prices fluctuate like most other cryptocurrencies, it is increasingly gaining popularity due to its ability to leverage the security features of multiple blockchains. It also offers more privacy options that allow developers to keep sensitive data safe in an encrypted mode. Another feature that makes Cartesi stand out is its interoperability and low fees. The fact that it can run on most blockchains is also a competitive feature against its competitors, such as Ethereum.
That said, there is much to look into regarding Cartesi price prediction. Although it is currently facing a downtrend, it has the potential to attract numerous users in the future due to its unique features that are highly demanded in the blockchain industry.
Cartesi Price Prediction: Technical Analysis
Let’s study the price action of the Cartesi coin between July and December 2022 before diving into its price prediction.
| Month | Open price | Closing price | Month High |
| December | 0.111100 | 0.102800 | 0.153200 |
| November | 0.140500 | 0.111100 | 0.169800 |
| October | 0.142300 | 0.140200 | 0.148200 |
| September | 0.139500 | 0.142000 | 0.162400 |
| August | 0.167200 | 0.139500 | 0.204200 |
| July | 0.160000 | 0.167700 | 0.181100 |
Cartesi Price Prediction: Market Opinions
Cartesi is still expected to regain momentum in the coming year. According to Trading Education, both investors and experts project that Cartesi coin will rise from its current bear position, with its price going as high as $0.41 in 2023.
Walletinvestor, on the other hand, predicts that Cartesi will continue its bearish cycle in the next 12 months. According to this platform, Cartesi might not recover any time soon, advising investors to consider alternative investments.
While current indicators signal a bearish zone, PricePrediction suggests a long-term average Cartesi price of $4.78 by 2030. TechNewsLeader predicts similar prices, projecting that the Cartesi coin will hit the $3.89 mark by 2030.
According to Walletinvestor, Cartesi might remain in the bearish zone for the next 12 months, presenting extreme fear in the crypto market. In their view, Cartesi is no longer a good investment, advising traders to consider an alternative investment to build their portfolio.
However, DigitalCoinPrice’s projections are more optimistic. According to the publication, the Cartesi price will rise by 2024, reaching $0.43. For 2023, DigitalCoinPrice predicts a maximum price of $0.22.
Cartesi Price Forecast for 2023
While crypto investors are still wondering what the future holds for Cartesi coin, various publications have come up with possible prices for the Cartesi come 2023. For example, AMB Crypto has suggested a gradual increase in the Cartesi price hitting $0.77 by December 2023. According to this publication, Cartesi will not experience many price fluctuations throughout the year, presenting it as an ideal investment.
DigitalCoinPrice also suggests an uptrend, potentially reaching $0.23 by December. If this forecast comes to pass, Cartesi will be an ideal investment for traders looking for promising investments.
Latest News about Cartesi
Cartesi is currently in the bearish zone, presenting extreme fear to investors. However, most publications have predicted an upward trend in 2023 despite its current position on the most valuable coins. That said, an article published by Coindoo in April 2022 suggests that traders should make it their business to scrutinize the projected trends and make an informed investment decision.
FAQs
What Is Cartesi?
Cartesi is a Layer 2 scaling solution developed to create a user-friendly operating system on the blockchain. It enables developers with traditional programming knowledge to build apps on the blockchain using a familiar programming environment.
How to Buy Cartesi?
Cartesi is available for purchase on multiple exchanges, including Binance, Coinbase, and KuCoin.
What Is Cartesi Used For?
Cartesi is a utility token that fuels crypto. It is primarily used to encourage the Cartesi node operators to operate the system openly and pay for the system’s transaction fee.
Cartesi Price Prediction: Verdict
This analysis presents Cartesi in a bearish zone without any possible sign of recovering to the bullish side. However, most crypto publications have predicted an upward trend, with few suggesting a downward movement in 2023. That said, it would help to follow the asset’s daily, weekly, and monthly price actions to make an informed decision.
