Cartesi (CTSI) has caught the attention of many crypto investors after its recent rapid rise to a new all-time high of $1.75. It has pulled back from the recent peak and now trades at about $1.25 as some traders try to take profits. What is Cartesi's price prediction and is it a good investment?
CTSI is the native crypto token of the Cartesi network. Cartesi seeks to solve a major challenge for blockchain developers—computational scalability. It also aims to make blockchain transactions cheaper.
Why Cartesi's (CTSI) price is rising
Cartesi ranks among the best-performing altcoins lately. Although some traders are taking profits after the recent spike, the token still sports a more than 70 percent gain in the last seven days and more than a 100 percent gain in the past month. That outperforms Dogecoin’s 30 percent gain in the last seven days. It also beats Ether’s 30 percent rise in the last seven days and 90 percent gain in the past month.
Cartesi shot to the latest all-time high after it secured a listing on Coinbase, which is the largest crypto exchange in the U.S. Fans have cheered the Coinbase listing in anticipation that it will increase the token’s exposure to investors, particularly institutional investors. Tesla made its $1.5 billion Bitcoin purchase through Coinbase.
In addition to the Coinbase effect, CTSI is also benefitting from a rush to find the next Bitcoin and Ether, which have delivered blockbuster returns for investors since their launch.
Where will Cartesi's price be in 2025?
Investors are eager to know Cartesi's price prediction after watching the token’s rapid rise in recent days and then an attempt by some traders to take profit. Will Cartesi keep rising or enter a downtrend?
The token sports and optimistic price forecast. WalletInvestor predicts that Cartesi will be worth $3.68 a year from now and that its value will top $12 in five years. Digital Coin Price projects that Cartesi will close 2021 at $1.76, which implies a 40 percent upside from the current price. It predicts the token’s price to exceed $4 in 2025.
When will Cartesi's price reach $2?
Cartesi fans have been waiting to see the token’s price reach $2 and the price milestone looks close. According to Digital Coin Price's prediction, Cartesi will hit $2 in January 2022 or sooner. The token has more than doubled its price in the past month. If it maintains that momentum, then it could reach $2 in May or June.
Cartesi (CTSI) is a good investment.
Cartesi has been a big winner for investors. It has gained 3,000 percent YTD and boasts a lifetime return on investment of more than 8,000 percent. The token’s price forecast shows that it will continue to rise. The token’s fixed supply and the adoption of the Cartesi network provide powerful catalysts for a price increase.
Cartesi versus Cardano
CTSI and Cardano (ADA), both available on Coinbase, are up about 3,500 percent each in the past year. They are both penny tokens with prices under $2 currently, although ADA is slightly ahead with about $0.50.
Cartesi has a market cap of about $430 million and has market dominance of 0.02 percent. In contrast, Cardano has a market cap of $56 billion and sports market dominance of 2.25 percent.
Just like Bitcoin, Cartesi and Cardano have fixed supply. There are 337.5 million Cartesi tokens in circulation now, which represent 34 percent of a maximum supply of 1 billion tokens. There are 32 billion ADA tokens in circulation, which represent 71 percent of a maximum supply of 45 billion tokens.