Ctsi Crypto: A Smart Investment Decision?

Cartesi (CTSI) is a next-generation smart contract programming system, sidechain, and cryptocurrency. It aims to bridge the gap between Linux's flexibility and blockchain's security. CTSI is currently trading at $0.225041 USD and is ranked 329th amongst all cryptocurrencies with a market capitalization of $182,971,379 USD. CTSI has a bullish market sentiment and is anticipated to reach a maximum price of $1.91 by 2030. CTSI's real-world use cases and innovative approach make it an appealing investment opportunity.

CTSI's current price and future predictions

As of 5 June 2024, Cartesi (CTSI) is trading at $0.24, a 4.35% increase since the beginning of the trading day. CTSI experienced a sharp decline at the start of 2024, with its price dropping to $0.1134 per token by the end of 2023.

CTSI has a bullish sentiment and is expected to continue its recovery in 2024. By the end of 2024, the price of CTSI is predicted to reach a maximum of $0.36, with an average forecast of $0.1700.

Looking further ahead, CTSI is expected to reach a maximum price of $0.6264 in 2027 and $1.91 in 2030. These predictions are based on the assumption that CTSI will continue to gain traction and that the broader crypto market will become more widely adopted.

It is worth noting that CTSI has a very high chance of experiencing financial distress in the next few years of operation, and it has generated negative returns for investors over the last 90 days. Therefore, while CTSI has the potential for growth, investing in CTSI also carries a high level of risk.

The benefits of investing in CTSI

CTSI is the native cryptocurrency of the Cartesi platform, a blockchain project that aims to bridge the gap between decentralized systems and real-world computations. Here are some benefits of investing in CTSI:

• Revolutionizing Smart Contracts – Cartesi enables million-fold computational scalability by implementing a variant of optimistic roll-ups (Descartes Rollup). This allows developers to run smart contracts at scale by performing computationally heavy tasks off-chain while still enjoying the security of the Ethereum blockchain.
• Blockchain-Agnostic Layer-2 System – Cartesi released Descartes SDK, a blockchain-agnostic layer-2 system. At its core is the Cartesi Machine, which enables Descartes to support scalable computation without compromising decentralization. It also allows dApp developers to build directly on Linux while preserving data privacy.
• Low-Cost Data Availability to dApps – Cartesi's Noether is a high-performance side chain that provides temporary data availability at a low cost. DApps can achieve high throughput by accessing the storage of large files through Noether.
• Overcoming Major Issues of Proof-of-Stake Systems – Cartesi is building a staking system that addresses some of the major issues of Proof-of-Stake systems. Users will know their rewards upfront, can pick their risk preferences, and the system minimizes inflation through balancing.
• Proven Proof-of-Concept – In early 2020, Cartesi conducted a successful IEO on Binance Launchpad with its Creepts tournament, proving the concept of running heavy computational tasks on Linux in a decentralized way.
• Multi-functionality Token – CTSI, the utility token of the Cartesi platform, acts as crypto-fuel for Noether Proof-of-Stake systems and is used to pay incentives to Descartes nodes for verifiable and enforceable computation.
• Remarkable Roadmap – In 2020, Cartesi released its Cartesi Machine (VM) and Descartes (decentralized computational oracle). In 2021, the team released the Descartes SDK v1.0 and upgraded Noether's PoS to v1.1. The team is now aggressively working towards the implementation of the mainnet.
• Partnerships – With a proven proof-of-concept, Cartesi has acquired significant partnerships, including Avalanche, Binance Smart Chain, Elrond, Polygon, Binance Pay, IOTA, and Injective Protocol.
• Impressive On-Chain Activity – Cartesi's on-chain activity reflects adoption and growth, with a spike in transactions and daily active addresses.
• Expanding Utility of CTSI – In March 2021, Cartesi partnered with Travala, exposing CTSI to over 3 million travel products. Additionally, Cartesi collaborated with Gather Network, a marketplace-based platform, to accept CTSI as a payment method.
• Positive Price Predictions – Despite past volatility, many analysts and platforms predict an upward trend for CTSI in the coming years. By the end of 2024, the price is expected to reach up to $0.36, and it may continue to grow in the long term, potentially reaching $1.91 by 2030.

CTSI's real-world applications

CTSI is the utility token of the Cartesi platform, which is a powerful modular blockchain protocol. Cartesi's real-world applications are centred around its ability to enhance the development and performance of decentralised applications (dApps). Here are some of its key use cases:

Smart Contract and dApp Development

CTSI is used to fuel the Cartesi platform, enabling the creation and execution of dApps and smart contracts. Cartesi addresses the issues of high transaction fees and scalability limitations in blockchain technology. By utilising a Linux runtime environment, Cartesi allows developers to build dApps with mainstream software stacks and access a wide range of programming tools, libraries, and services. This makes the development process more accessible and cost-effective, attracting traditional programmers to the blockchain ecosystem.

Real-World Computations

Cartesi's decentralised computation layer enables developers to run intensive computations outside the blockchain. This off-chain scaling solution ensures that complex tasks can be executed without compromising decentralisation. By leveraging the processing power of Linux, Cartesi allows for real-world computations within a blockchain setting, taking advantage of its security while overcoming its limitations in performing intensive computations.

Portability

Cartesi nodes are blockchain-agnostic, meaning they can run computations for any blockchain. This portability allows dApps and smart contracts to benefit from the immutability and security of the underlying blockchain while remaining isolated from its details. Cartesi is currently compatible with multiple blockchains, including Ethereum, Binance Smart Chain, Matic, and Elrond.

Guaranteed Consensus

Cartesi provides a local consensus mechanism within its nodes, with any disputes being automatically resolved by the main chain. This ensures that computations performed outside the blockchain can be easily verified by all parties, maintaining the necessary decentralisation and security guarantees.

Decentralised Finance (DeFi)

Cartesi's infrastructure is optimised to support complex financial computations, making it well-suited for the DeFi space. The platform's staking mechanism, for example, allows users to contribute their CTSI tokens to secure the network and earn rewards. Additionally, Cartesi has released products like Descartes and Noether, which are designed to support the development and deployment of DeFi applications.

CTSI's unique value proposition

Cartesi (CTSI) is a unique crypto project with several compelling features that make it a good investment case. Here are the key points highlighting CTSI's unique value proposition:

Revolutionizing Smart Contracts

Cartesi addresses the urgent need for solving the problem of scalability and high transaction fees on blockchain networks. By implementing a variant of optimistic roll-ups (Descartes Rollup), Cartesi enables million-fold computational scalability. This allows smart contracts to run at a large scale by performing computationally heavy tasks off-chain while still enjoying the security of the Ethereum blockchain.

Blockchain-Agnostic Layer-2 System

In 2020, Cartesi released Descartes SDK, a blockchain-agnostic layer-2 system. At its core is the Cartesi Machine, which enables Descartes to support scalable computation without compromising decentralization. The dApp data is not disclosed on-chain, preserving data privacy for dApp builders. Importantly, Descartes SDK allows dApp logic to be built directly on Linux, giving blockchain dApp developers access to mainstream software stacks for the first time.

Low-Cost Data Availability to dApps

Cartesi's Noether sidechain is designed for temporary data availability, allowing dApps to achieve high throughput by providing them with low-cost access to storing large files. Noether's Proof of Stake v1.1 was launched in March 2021, and users can stake CTSI tokens and earn mining rewards.

Overcoming Issues of Proof-of-Stake Systems

Cartesi is building a staking system that overcomes some of the major issues of Proof-of-Stake systems. Users won't have to assume their risk preferences, and the rewards for staking will be known in advance. Additionally, stakers will be able to pick different risk preferences, and the system will minimize inflation through balancing.

Multi-Functionality Token

CTSI, the Cartesi platform's utility token, has multiple functions. It acts as crypto-fuel for Noether Proof-of-Stake systems, with stakers receiving rewards in CTSI and network users paying fees in CTSI. CTSI is also used in Descartes Rollups, where it incentivizes Descartes nodes for the execution of verifiable and enforceable computation.

Impressive Partnerships

With a proven proof-of-concept as a scaling solution, Cartesi has acquired significant partnerships. These include Avalanche, Binance Smart Chain, Elrond, Polygon, Binance Pay, IOTA, and Injective Protocol. These partnerships aim to bring the benefits of Cartesi's scalability and Linux compatibility to a wider range of blockchain projects.

How to buy CTSI tokens

To buy Cartesi (CTSI) tokens, you will need to open an account with a cryptocurrency exchange. Here are the steps to buying CTSI tokens:

Step 1: Choose a Cryptocurrency Exchange

CTSI is a minor digital asset with a small market valuation, so it is not widely distributed across exchanges. Some popular exchanges that support CTSI include:

• Bitunix: The most active trading pair is CTSI/USDT, with a trading volume of $18,732.68 in the last 24 hours.
• Binance: One of the most popular options.
• BingX: Another popular choice.
• Coinbase: CTSI is available on Coinbase's centralized exchange.
• Changelly: Also carries CTSI.

Step 2: Fund Your Account

Once you have chosen an exchange, you will need to fund your account. This typically involves linking a payment method such as a bank account or credit/debit card. The specific steps may vary depending on the exchange you choose.

Step 3: Place Your Order

After funding your account, you can place an order for CTSI tokens. You can choose the amount of tokens you want to buy, and the exchange will calculate the total cost based on the current market price. Keep in mind that there may be fees associated with buying cryptocurrency, so be sure to review the details of your transaction before placing your order.

Step 4: Store Your CTSI Tokens

Once you have purchased your CTSI tokens, you may want to consider storing them in a crypto wallet for added security. You can use either a cold storage wallet or a hot wallet. Some examples of hot wallets that support CTSI include:

• Coinbase wallet
• Trust wallet
• Atomic wallet
• My Crypto wallet
• Guarda wallet
• Gnosis safe
• Crypto.com wallet

For cold wallets, you can explore options from manufacturers like Trezor and Ledger.

Frequently asked questions