Initially conceptualized as a trustless AI-based marketplace for data scientists, Cartesi metamorphosed into a Layer-2 platform for developing decentralized applications and smart contracts, with an additional advantage of solving the high fees and scalability issues present on the Ethereum blockchain.
Cartesi’s concept for solving the congestion problems that generate high fees in Layer-1 blockchain networks was to use a side chain for the heavier computations and processes, then use the main chain to complete the tasks. Cartesi price prediction achieved this with a two-pronged technique. The first was using a variant of the optimistic rollup mechanism known as Descartes Rollups. The second avenue was using a sidechain known as Noether, which increases the amount of data available to applications on its main chain.
Cartesi deploys the Proof-of-Stake consensus mechanism to secure its network.
Cartesi’s founders are Erick de Moura, Augusto Teixeira, Diego Nehab and Colin Steil. They got together to start Cartesi in 2018. Teixeria had worked with IOTA founder Serguei Popov on an academic project. This relationship attracted Popov to the Cartesi project as one of the initial investors and advisors. Since then, Cartesi has received additional funding from Artesian SNZ and other funders.
September 2018 saw the reorganization of the Cartesi Core repositories. 2020 saw the release of the Cartesi virtual machine (Cartesi VM) and the Descartes decentralized computational oracle testnet known as Descartes. In addition, Reserve mining kicked off at the end of 2020.
In February 2021, co-founder Erick de Moura released the 2021 roadmap. That year saw the release of the Descartes SDK version 1.0 and Noether PoS version 1.1, both in the first quarter. Implementation of the Rollups on Testnet commenced in the second quarter, along with the Noether v2.0 release and deployment of the Noether on-chain infrastructure. The Rollups aggregator service and validator marketplace and the Descartes version 2.0 came on stream later that year.
2022 will see full functionality for developers to code on Rollups, which comes on stream on Mainnet in 2022 after a delay. New research and development initiatives will also be launched. These include:
Any bullish outlook for the Cartesi price prediction 2022 requires a significant amount of work from the bulls. The weekly chart for the CTSI/USDT pair shows that the price is trading within the range of 0.3788 and 0.5572. Above the 0.5572 ceiling, a strong barrier is formed by the resistance zone at 0.8336/0.9487. This is the price zone the bulls must overcome to provide a real chance to attain a Cartesi price prediction 2022 target of $1 and above.
However, the price picture can also be visualized as a double top (3 May/15 November 2021) which is still evolving. This presents 0.3788 as the neckline. A breakdown of this level opens the door for a decline that targets 0.1427, with 0.3039 serving as a potential pitstop. This outlook makes the attainment of 1 cent feasible.
The Cartesi price prediction 2025 outlook is a medium to long-term outlook. The monthly chart shows that the recent bounce by the January 2022 candle came off the 78.6% Fibonacci retracement level. The recovery of February 2022 met resistance at the 0.5572 price mark and remains within the previously identified range.
The Cartesi price prediction 2025 outlook will need an aggressive break of 0.5572, 0.6687 (61.8% Fibonacci retracement) and 0.8336 for an investment at the current attractive price to become very profitable. However, if the price remains depressed below 0.5572, the outlook for recovery dissipates.
It is challenging to see Cartesi hitting some of the predictions that are found online. Some have called for a $20 or even a $100 Cartesi price. Typically, interest in Layer-2 platforms follows a bull market run when new projects are flooding the marketplace, and there is a lot of token movement between wallets. Unfortunately, we are not in such a market as of writing, and it is unlikely that Cartesi will be a good short-term investment.
Cartesi will be a good investment for investors with a long-term horizon. Not only will the recovery of the crypto market lift the token, but some of the changes the team plans to make to its network would have taken root. Hopefully, these would also drive further adoption, which will cause a demand-driven increase in the CTSI token’s value.
Cartesi is listed on several cryptocurrency exchanges as a pairing with Tether (USDT), the US Dollar, and Bitcoin. Therefore, you can buy CTSI using USDT, BTC or USD on Binance, Coinbase, Kucoin, and several others.
Follow Eno on Twitter.
This post was last modified on %s = human-readable time difference 08:41