BitonGroup

CTSI (Cartesi) Token Analysis 03/05/2021

Long
BINANCE:CTSIUSDT   CTSI / TetherUS
Our Initial analysis and our first target where we have invested at:

Our Second Analysis where we have achieved the 1 and 2 Targets and Proofs that the 3 Target is Confirmed. so we are updating our Analysis and targets:

Fundamentals:
Cartesi is taking smart contracts to the next level. It is solving the urgent problem of scalability and high fees on blockchains by implementing a variant of optimistic roll-ups. Most notably, Cartesi is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks. Noether is Cartesi's side-chain that’s optimized for ephemeral data, providing low-cost data availability to DApps.

What gives Cartesi a competitive edge as a layer-2 and optimistic rollups solution is that it allows developers to code their smart contracts and DApps directly with mainstream software components and Linux OS resources. That represents more than an incremental improvement to decentralized applications. It is a necessary step toward the maturity of the whole blockchain ecosystem. Allowing mainstream programmability means that DApp developers have an entirely new expressive power to create from simple to rather complex smart contracts. It also means opening the doors for extensive adoption of regular developers who have never programmed for blockchain, as they will create decentralized applications with a coding experience similar to desktop or web.

CTSI is a utility token that works as a crypto-fuel for Noether.
1.Stakers receive CTSI rewards by staking their tokens and participating in the network.
2.Node runners are selected randomly according to a PoS system and gain the right to create the next block.
3.Users of the network pay CTSI fees to insert data on the side-chain.

CTSI also plays a role with Descartes Rollups.
CTSI will be used by DApps to outsource the execution of verifiable and enforceable computation to entities running Descartes nodes.

The significant Attributes of CTSI
1.Cartesi is a layer-2 infrastructure for blockchains that allows developers to code highly scalable smart contracts with mainstream software stacks on a Linux VM . Cartesi uses a combination of rollups and side-chains.
2.Mainstream programmability: Developers create smart contracts with mainstream software stacks, taking a productive leap from the limited programmability of blockchain-specific VM's to coding with software components supported by Linux.
3.Large scalability: Cartesi enables million-fold computational scalability, data availability of large files and low transaction costs. All while preserving the strong security guarantees of the underlying blockchain.
4.Privacy guarantees: Cartesi allows for decentralized games where players conceal their data and Enterprise applications that run on sensitive data, preserving privacy on DApps.
5.Portability: Cartesi is blockchain-agnostic and will run on top of the most important chains. The current implementations already support Ethereum , Binance Smart Chain, Matic (Polygon), with Elrond coming soon.

The most important asset for Cartesi is a team of very strong professionals, researchers and engineers extremely excited to create and implement novelty in the blockchain space.

Cartesi is made up of a team that comes from very high profile backgrounds, real-world experience at top companies such as Microsoft Research, and PhD’s from top universities like ETH Zurich and Princeton.

The live Cartesi price today is $0.734969 USD with a 24-hour trading volume of $53,339,047 USD. Cartesi is up 15.01% in the last 24 hours. The current CoinMarketCap ranking is #261, with a live market cap of $248,020,810 USD. It has a circulating supply of 337,457,354 CTSI coins and a max. supply of 1,000,000,000 CTSI coins.



Technical Analysis:
The Token has done its initialization and Accumulation Phase and expressed it initial Impulsive cycles. where as the Price has Triggered the 161.8 (Extension) level of Fibonacci Projection of the initial cycle, which makes the 261.8% a confirmed target To aim at.

there exist a Hidden Bullish Divergence of Price and MACD and which is the sign of bullish trend continuation. and acts as a double confirmation of the Specified targets.

the support areas are having confluent with past Target and resistance areas and Fibonacci levels.

targets are the projection kevels of the same Fibonacci projection .


Trade closed: target reached: 1 Target achieved
Trade active: going for the second Targets consequently
Trade closed: target reached: 2 Target Achieved
Trade active: 3 TP To be achieved

Comments

20 dollar this year bro
+2 Reply
BitonGroup artisticLizard62067
@artisticLizard62067, how come this much?
+1 Reply
@BitonGroup, bro the market cap is 300 million dollar.
Reply
@instamine, Just wait and see
Reply
Thanks for sharing!
+1 Reply
BitonGroup adoringPear61932
@adoringPear61932, very welcome
Reply
Completely agree. Great work as always, mate ;)
+1 Reply
BitonGroup StevesTradingV
@StevesTradingV, thanks buddy
Reply