The Capital: CertiK Price Prediction

  • Wednesday, 28 July 2021 02:26
CertiK Fundamental AnalysisCertiK (CTK) is the native utility token on the CertiK Platform, which provides security services to crypto projects. The majority of those services is comprised of various kinds of audits, including audits of the ICOs, wallets, dApps, smart contracts, or blockchain protocols themselves. Another service is CertiK Shield — a community resource pool for users who lose their funds in attacks, a kind of insurance. CertiK was founded in 2017 and went to market in 2020.This past decade saw a rapid expansion of the crypto space with a growing number of projects exploring novel use cases for blockchain technology. However, not all of the founders and developers care about their projects’ security enough, and even if they do, blockchain networks are often inherently vulnerable to hackers due to being open-source, decentralized, and immutable. Obviously, these conditions make auditing crypto projects a necessity, but traditional audits don’t work very well in this space since they rely on central authority while not being dynamic enough. CertiK solves this problem by employing Security Oracles, which allow users to retrieve audit information in real-time. This data is verified by Oracle Operators using delegated Proof-of-Stake protocol. CertiK Shield provides additional help in protecting users’ funds. Shield pools are made of CertiK tokens. It’s also used as fuel in user interactions with Oracles, as well as for staking in the Oracle network.CertiK Price ChartCertiK debuted on the market in late 2020, almost immediately jumping to ~$1.9, although soon after that it descended to ~$1 and hung around this mark for a while. By January 2021, as CertiK built up its base of relatively high-profile clients, its price started going up noticeably, reaching ~$2.5 on several occasions. In the spring of 2021, it entered a kind of a positive feedback loop with other players in crypto tech: as the market grew, more people — users, investors, founders — became interested in security assurances. This also made CertiK token price less vulnerable to volatility, as demand for the CertiK services, once ramped up, isn’t as elastic as for many others in the space. That’s probably why, after hitting an all-time high of $3.97 at the peak of the bull market in early April, CertiK price didn’t fluctuate as wildly as some other prices out there, not going lower than ~$0.79 even at its lowest. Except for this short dip, CertiK’s price has settled around $1, where it’s been hovering since May 2021, which makes it one of the most stable cryptocurrencies during this time.CertiK Technical AnalysisDespite the fact that 100% accurate technical analysis for CertiK cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CTK buy-and-sell rating for selected timeframe. The summary for CTK/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.CertiK Price PredictionBelow we have collected the most reliable price projections for CertiK (CTK) from popular forecast platforms.#1. WalletInvestor CTK Price Prediction for 2021, 2023, 2025According to WalletInvestor, CertiK price will grow from $1.062061 to $2.220 in one year. That makes CTK an awesome investment. The long-term earning potential is 109.03%. Predicted price for the end of 2026 is $6.544.#2. TradingBeasts CTK Price Prediction for 2022Answering the question about if CertiK is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $1.13491 with a growth to $2.46570 by the end of 2022.#3. DigitalCoin CTK Price Forecast for 2021, 2022, 2023, 2025In DigitalCoin analysis, the price of CertiK cryptocurrency will rise in the next 5 years starting from $1.05934 as of today’s price to $4.5336875. It will go up to $1.7466195 by 2022 and continue its growth in 2023–2024. Based on this forecast, CertiK is a profitable long-term investment.SummaryAs it can be clear from the analysis cited above, CertiK (CTK) projections are rather contradictory. There is no universal consensus either about positive or negative future CTK price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the CertiK projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.About SwapSpaceSwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!Latest articles:Cartesi price predictionLivepeer price predictionOriginally published at https://swapspace.co.Check out our new platform 👉 https://thecapital.io/https://twitter.com/thecapital_iohttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefCertiK Price Prediction was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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