In a newly released video, Ben Armstrong, a highly popular crypto trader among the crypto community, shared that Cartesi (CTSI) has strong fundamentals to ignite an awesome rally in Q4 2021 for 3 reasons:
“What is your favorite layer 2 project? Which smart contract project is more scalable than Ethereum? What is the best low value gem found on the most popular exchanges? There is only one answer to these questions, Cartesi!”
Reason 1: CTSI Staking Now Available!
According to the Trader, the staking delegation of the Noether Proof-of-Stake system is now fully launched on the mainnet. Cartesi collaborated with three staking partners Everstake, Blockscope and HashQuark during the beta phase to ensure block generation and accurate testing.
“After a successful mainnet beta period, anyone can now create a fully decentralized pool where CTSI holders can transfer their tokens in a safe and secure environment with no caps or limitations. CTSI holders can now create and manage stake pools.”
The trader explains that this is great news for CTSI holders as the platform is not fully decentralized:
“Your CTSI is not at risk and you retain full ownership at all times. If the pool node you are staking is not working properly, you can easily switch to another.”
Reason 2: Cartesi Rollups
According to Armstrong, Cartesi rollup Provided an update on the implementation of Rollup Machine Manager, a service that will act as an interface between the logic (a kind of scaling solution that works by executing operations outside of Layer 1 but sending transaction data to Layer 1) and the Cartesi Machine.
“This means that rollups will provide a very generous scaling factor with little compromise on safety and versatility; secondly, it will form a very powerful combination that complements each other to drive scalability even further.”
The crypto strategist also reveals that Cartesi rollups differ from traditional rollups for 2 reasons. First, Cartesi Rollups can increase the number of transactions per second in the base tier by at least 100x (and tends to reach 10000x when shredding is initiated). In addition, each of these processes can now be processed with the intensity required by the applications.
Reason 3: Low Market Value
CTSI is ranked 184th on CoinGecko and is currently priced at $0.95, down 45 percent from its ATH at the time of writing, up almost 60 percent in the last 7 days. The altcoin, which was traded at $ 0.75 at the time of the video’s publication, has already increased by 25 percent in 1 day. Reaching an all-time high of $1.75 on May 8 of this year, CTSI has a current market cap of $426 million.
Armstrong emphasizes that with the strong fundamentals that CTSI has, the project has a great chance to grow and take its place among the top 100 coins, meaning that the altcoin’s market cap will reach at least $ 1 billion.
If CTSI raises its market cap to a billion, Armstrong says the price will reach $3.21, which is more than a 4-fold increase:
I believe Cartesi is an altcoin ore that will launch itself into the top 100 when the time comes. A completely achievable goal for this project. This project is seriously underestimated, but for me it is arguably one of my favorite altcoin gems to consider.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.