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Cartesi Price Prediction – How Much Will CTSI Be Worth in 2021?

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Cartesi Price Prediction – How Much Will CTSI Be Worth in 2021?
  • Bullish Cartesi  price prediction ranges from $0.95 to $1.75
  • Cartesi  prices might also reach $2 soon.
  • CTSI bearish market price prediction for 2021 is $0.14.

In Cartesi (CTSI) price prediction 2021, we use statistics, price patterns, RSI, and much other information about CTSI to analyze the future movement of the cryptocurrency. 

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.

Let us see about the Cartesi price prediction 2021.

Current Market Status of Cartesi (CTSI) 

According to CoinGecko, the Cartesi price is trading at $0.794 with a 24-hour trading volume of $41,949,559, at the time of writing. However, Cartesi has increased by 2.2% in the last 24 hours. 

Currently, Cartesi trades in cryptocurrency exchanges such as Binance, Tokocrypto, Huobi Global, Hotcoin Global, and Upbit. 

Cartesi (CTSI) Price Prediction 2021

Cartesi (CTSI) holds the 192nd position on CoinGecko right now. Cartesi price prediction 2021 explained below with a daily time frame. 

CTSI/USDT Showing Descending Channel Pattern (Source: TradingView)

The above chart shows the Descending Channel Pattern of CTSI.  A descending channel is the price action that takes place between lower inclining equal trendlines. In fact, lower highs and lower lows form this price pattern.

Currently, CTSI is waving at $0.794. If the bullish trend continues, CTSI would continue to follow the pattern where the price chart would show a downtrend. If the trend reverses, then the price of CTSI may hit $1.79.

Cartesi (CTSI) Support and Resistance Level

The below chart shows the support and resistance level of Cartesi (CTSI). 

1638340750 995 Cartesi Price Prediction – How Much Will CTSI Be Worth
CTSI/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of Cartesi.

  • Resistance Level 1 – $0.95
  • Resistance Level 2 – $1.75
  • Support Level 1 – $0.31
  • Support Level 2 – $0.14
  • Support Level 3 – $0.06

The chart depicts the bullish performance of Cartesi over the previous month. However, this trend will continue to reach a resistance level at $1.75 soon. Even more, if the trend reversed then Cartesi might fall to $0.31 presenting a bearish signal.

Cartesi (CTSI) Average Directional Index (ADX)

Let us now look at Reserve Rights’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

The above chart represents the ADX of Cartesi. Currently, Cartesi lies in the range at 73.3, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.

Conclusion

Cartesi is one of the cryptos which is great for long-term investment. In addition, Cartesi price prediction is bullish for a short-term. It has a good chance of reaching $1.7 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Cartesi ecosystem, the performance of Cartesi would rise, reaching $2 very soon. But, it might also reach $5 if the investors believe that Cartesi is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Alf Protocol Angel Investors : Zen Capital , Dust Ventures , Dib Ventures , Scorpio VC

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Alf Protocol Angel Investors : Zen Capital , Dust Ventures , Dib Ventures , Scorpio VC

Alf protocol has lately signed several strategic partnerships with the VCs. Such partnerships will help drive the future development of the protocol. The Alf ecosystem will continue to improve with the team’s continued efforts, strategic partners, VCs, and the community working together.

Alf is a protocol for capital deployment on Solana for the purposes of liquidity provision and yield farming, both with and without a margin of up to 200x. By providing liquidity providers an easy way to make money, we enable them to increase the value of the entire network by making it easier for capital to be deployed. The company is now a venture-backed startup that leverages multiple strategic partnerships. VCs invested, including ZenCapital, DustVentures, DibVentures, and Scorpio will help with the future development of the protocol.

Zen Capital

Zen Capital is a cryptocurrency venture that is one of the most active in the space. Decentralized finance, metaverses, and blockchain-powered gaming are among the areas in which the firm has made investments in recent years. The fund is heavily interested in the future of the digital economy.Portfolio : ertha , spellfire , solchicks , readyplayerdao & 20 more.

Dust Ventures

Dust Ventures is a venture capital firm that invests in cryptocurrency startups and promising projects. They provide support at an early stage when it’s needed the most. Dust Ventures provides experienced guidance to promising entrepreneurs working on groundbreaking projects in the cryptocurrency space.

Dib Ventures

DIB Ventures is an investment firm focused exclusively on blockchain technology and the digital currency ecosystem. With a team of blockchain and cryptocurrency experts committed to identifying, researching, and funding the most disruptive companies in this space.

Scorpio

Scorpio VC is a dynamic, adaptable, and young asset management firm. In addition to HK stocks and US stock trading, the company also operates short-term quantitative funds (for which it is still applying for an A-share license), digital asset funds, blockchain product development, supernode operations, e-commerce, culture communication, real estate development, and real economy projects.

Find out more about Alf Protocol here.

 

 

 

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TA: Bitcoin Turns Bearish, Bears In Control Below $40K

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Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000.

  • Bitcoin started a major decline below the $40,000 and $38,000 support levels.
  • The price is now trading below $38,000 and the 100 hourly simple moving average.
  • There is a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move down if there is a break below the $34,000 support.

Bitcoin Price Extends Losses

Bitcoin price started a major decline below the $42,000 and $40,000 support levels. BTC gained pace below the $38,000 level to move further into a bearish zone.

It traded as low as $34,007 and is currently consolidating losses. It is now trading below $38,000 and the 100 hourly simple moving average.

On the upside, an initial resistance is near the $36,200 level. There is also a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair. The trend line is near the 23.6% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low.

The first major resistance is near the $36,800 level. An upside break above the $36,800 resistance could start a steady recovery wave towards $38,000. The next key resistance is near the $40,000 level, above which the bulls might aim a test of $41,200.

Source: BTCUSD on TradingView.com

An intermediate resistance is near the 50% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low. Any more gains may perhaps call for a move towards the $42,500 resistance zone.

More Losses in BTC?

If bitcoin fails to start a fresh increase above $36,500, it could start another decline. An immediate support on the downside is near the $34,500 zone.

The first major support is seen near the $34,000 zone. A downside break below the $34,000 support zone may perhaps spark another major decline. The next major support is near $32,500, below which the price could even decline below the $32,000 zone.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level.

Major Support Levels – $34,500, followed by $34,000.

Major Resistance Levels – $36,250, $36,500 and $38,000.

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Top 3 Coins By LunarCRUSH Galaxy Score: USDT, BUSD and MKR

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Top 3 Play to Earn Coins in the Past 30 days as per CryptoDiffer