Cartesi Price

Cartesi (CTSI) is a layer-2 platform which is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks. The project is taking smart contracts to the next level by providing massive scalability and strong security guarantees. Cartesi enables regular developers to create decentralized applications composed of both blockchain and off-chain components, leveraging technology including rollups, Cartesi’s side chain, and a decentralized computational oracle. The platform supports dApp developers on a range of blockchains, such as Ethereum, Binance Smart Chain, and Polygon.

CTSI is the utility token of Cartesi and is used for staking and paying transaction fees. Since joining the market, the price of CTSI has seen significant change and if you want to know why then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of CTSI price – as well as the factors which influence it.

Cartesi Price History

Following an initial coin offering in April 2020, CTSI began trading a couple of days later at its ICO price of $0.015. Excitement around the launch saw it trade as high as $0.10 on its first day, but CTSI was back below $0.06 by the day’s close and fell further to a low of $0.025 in May. The next couple of months brought steady gains which took CTSI back up to $0.05 by the end of July.

A sharper rise in August saw prices reach a peak of $0.15, before crashing back to $0.04 by the first week of September. There was a gradual decline for the next couple of months until CTSI hit a low of $0.026 at the end of October. Prices then began to climb slowly and CTSI was trading at $0.04 at the end of the year, providing returns of almost 170% since the ICO.

The steady growth continued throughout January 2021 as prices climbed to $0.07. A large and sudden spike in February took CTSI up to nearly $0.50, though it had pulled back to $0.17 by the end of the month. The bulls regained control in March, as CTSI climbed back up to $0.40, before a volatile April saw prices swing between $0.91 and $0.39.

The rally resumed in May when CTSI hit $1 for the first time and surged to its all-time high of $1.77 on May 8. At that point, CTSI had provided year-to-date gains of more than 4,300% and Cartesi had a market cap of over $500 million. Prices swiftly crashed after that and CTSI touched lows of $0.44 later that month, a few days after crashing more than 50% during a single day. Prices had rebounded to above $0.70 by the start of June but fell further to little more than $0.30 later in the month.

Analyzing Cartesi Price History

Cartesi price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With CTSI, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges. There was an especially large trading volume on the day CTSI entered the market as many new traders were introduced to the token. This likely helped CTSI to surge by about 540% during that day.

Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Cartesi raised its target of $1.5 million in its ICO and the team bring together PhDs from leading universities and experience at top companies, like Microsoft Research. This could potentially be a good sign for the fundamental Cartesi value.

Broader market trends have also played a role in the price history of CTSI. Its surge early in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.

The overall price trend of CTSI tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Cartesi (CTSI)

A variety of different things can affect the market price of CTSI, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.

CTSI was launched with a total supply of 1 billion tokens which will be released over a period of years. Once all tokens have entered the circulating supply, the team intends to introduce an inflation rate for future staking rewards, which is yet to be finalized. Inflation tends to put downward pressure on the price of an asset as demand would have to increase at a higher rate than supply in order for price to rise over time.

However, as the inflation is being used to pay staking rewards, it will likely also drive demand. With the development of Cartesi’s Proof of Stake blockchain which runs on top of Ethereum, block generators are selected in proportion to their stake in the PoS system and stakers receive CTSI rewards. Also, the stakes of dishonest actors can be slashed, which could depress supply.

Users of the network pay CTSI fees. This includes when developers create smart contracts and deploy data and enterprise applications, with fees being paid to entities running Descartes nodes. The more developers that create decentralized applications with mainstream software components through the platform’s highly scalable smart contracts, the greater demand will be for CTSI. Events that drive extensive adoption of Cartesi, such as support for more blockchains or the rollout of new products, could therefore lead to a rise in CTSI price.

Live Cartesi Value and Market Cap

The market price of CTSI varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given CTSI’s volatility, its current price can change by a large amount in a very short space of time. The market cap of Cartesi is equal to the price of CTSI multiplied by the number of CTSI in the circulating supply.

Cartesi Price FAQ

What is the highest Cartesi price in EUR?

Cartesi price history shows that CTSI has recorded a peak value of EUR.

What is the lowest Cartesi price in EUR?

CTSI price history shows that EUR EUR is the lowest recorded Cartesi value.

How can I buy Cartesi?

You can purchase Cartesi and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Cartesi. It’s available for immediate purchase at the current CTSI price quote of EUR. Current prices are always displayed in the CTSI chart.

What is the current Cartesi price in EUR?

Kriptomat data confirms that the current Cartesi price is EUR.

How is the price of CTSI calculated?

CTSI’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying CTSI than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of CTSI different on each crypto exchange?

CTSI’s price is based purely on trading as there is no standard global Cartesi price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will CTSI be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future CTSI value. However, as regular developers on the network pay CTSI fees, extensive adoption of Cartesi would mean more CTSI demand for deploying complex smart contracts and data and enterprise applications, leading to a CTSI price rise.

Conclusion

Since joining the crypto market, the price of CTSI has seen significant change, going from lows of under $0.02 to highs of almost $1.80. The journey hasn’t been smooth, however, as CTSI’s volatility has led to surges and crashes along the way.

Many different factors have played a role in determining the price of CTSI, including demand from the participants of the PoS system, the number of dApp developers deploying complex smart contracts on Cartesi, and trends in the rest of the cryptocurrency market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Cartesi and cryptocurrencies!