Cartesi Price Prediction 2021 – Will CTSI Price Hit $2 Soon?

This Cartesi Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our CTSI  price analysis and prediction.

Among the cryptocurrencies that are rallying this year, CTSI is perhaps one of the most surprising for some. This cryptocurrency is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, CTSI has been around since December 2019.

Can CTSI reach $2 in 2021? We will find out shortly. But before we proceed to our CTSI analysis, let us first answer the question “What is Cartesi (CTSI)?” in this CTSI price prediction 2021 article.

What is Cartesi (CTSI)?

Cartesi is considered to be the first OS on the blockchain, and their Layer-2 solution collaborated Linux and standard programming environments to the blockchain. Moreover, this enables developers to code scalable smart contracts with the software tools, libraries, and services they are utilized.

More so, the Cartesi connects the gap between mainstream software and blockchain, welcoming millions of new startups and their developers to the blockchain by bringing Linux to blockchain applications. Cartesi combines a groundbreaking virtual machine, optimistic roll-ups, and side-chains to revolutionize the way developers create blockchain applications.

Now that we are clear about CTSI do you think CTSI will be beneficial crypto in 2021? Join me and let us see the charts in this Cartesi price analysis and Cartesi price prediction.

Cartesi (CTSI) Current Market Status

As of the time of writing this CTSI price analysis, CTSI trades at $0.787 with a 24-hour trading volume of $66,704,465. The price of CTSI has increased by 1.84% in the last 24 hours.

Furthermore, CTSI has a current circulating supply of 487,294,630.90 CTSI. Currently, the top cryptocurrency exchanges for CTSI are Binance, KuCoin, Huobi Global, Upbit, and Mandala Exchange.

Now, let’s proceed to the next part of this CTSI technical analysis for 2021.

Cartesi (CTSI) Price Analysis 2021

Currently, CTSI holds 165th place on CoinMarketCap. But will the latest upgrades, development, and changes in the CTSI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this CTSI price prediction article.

In the chart above, which is set in a daily time frame, we can see the Ascending Channel Trend pattern. An ascending channel is the price action that takes place in an upward direction through a rising parallel line. More so, the chart shows the Higher High and Higher Low forms this price pattern. Moreover, the pattern represents a short-term bullish.

As shown above, at the beginning of this month, CTSI turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is above 41.94, which means that CTSI is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of CTSI.

Since the start of 2021, CTSI’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, CTSI has a competitive market this 2021.

Cartesi (CTSI) Price Prediction 2021

The chart below shows that CTSI has performed great over the past few days. Moreover, the CTSI price shows a bullish trend. If this trend continues, CTSI might run along with the bulls, overtaking its $1.75 resistance level and moving higher.

Conversely, if the investors turn towards the crypto, the bears might take over and push CTSI from its uptrend position. In simpler terms, the price of CTSI might plummet to almost $0.33, a bearish signal.

Meanwhile, our long-term Cartesi (CTSI) price prediction for 2021 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.

Cartesi (CTSI) Price Prediction 2022

If this bullish trend continues, CTSI will reach $3.5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $4. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $3.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Cartesi (CTSI) Price Prediction 2023

If CTSI holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $7, making it not plummet but play consistently.

Cartesi (CTSI) Price Prediction 2024

As per the latest upgrades, developments, CTSI price prediction, and new project forecasts of the platform, CTSI investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of CTSI in the crypto market, and it will be the best investment as the price can spike and reach around $10.

Cartesi (CTSI) Price Prediction 2025

In the next four years, CTSI’s price could race up to $15. However, reaching this level could not be so difficult for CTSI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CTSI has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

CTSI has a bright future ahead of it in 2021. With the ongoing developments happening within the CTSI ecosystem, as well as in the overall crypto market, we may see CTSI reach new heights.

Bullish Cartesi (CTSI) price prediction 2021 is $2. As said above, it may even reach its new ATH if investors have decided that CTSI is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.