Casper Coin Price
Casper price prediction: Bearish trends dampen prospects
Contents
A host of crypto start-ups have emerged that are attempting to increase the usage of blockchain technology in enterprise, and to solve the scalability issues that continue to plague the nascent sector.
So what is Casper (CSPR)? And can we make a Casper price prediction?
Its website states: “Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification.” According to the literature, Casper is designed to accelerate enterprise and developer adoption of blockchain technology today, and evolve to meet user needs in the future.
The blockchain mainnet went live with its genesis block in March , “optimised for enterprise and developer adoption” and “developer-friendly, user-friendly and adaptable”.
From the Casper whitepaper
According to the whitepaper: “Casper is a new Turing-complete smart-contracting platform, backed by a proof-of-stake (PoS) consensus algorithm and WebAssembly (Wasm). The network is a permissionless, decentralised, public blockchain.”
The document continues: “The network’s consensus protocol is called Highway, and it has several benefits over classic Byzantine Fault Tolerant (BFT) consensus protocols. First, Highway allows networks to reach higher thresholds of finality, meaning that more blocks are finalised, and validators agree to add them to the blockchain. Second, the protocol achieves flexibility by expressing block finality in ways not possible in BFT models. This protocol is built on the correct-by-construction (CBC) Casper research.”
Despite the extensive offerings, the coin’s performance overall suggests it has largely failed to gain significant traction.
So how will the coin fare in the future? What are the Casper price predictions? Before looking at forecasts, let’s do a quick overview of the coin.
What is Casper (CSPR)?
The project, according to its website, is on a mission to boost the widespread adoption of dApps, smart contracts and blockchain technology globally.
As a Turing-complete smart contracting platform, Casper claims to have solved the “scalability trilemma”, rendering the project capable of fast transaction speeds and complete decentralisation without compromising protocol security.
The scalability trilemma is a problem faced by many projects attempting to scale up their offering. Simply put, it is when one feature of the blockchain is compromised by the attempt to enhance another feature. This means developers often need to make trade-offs between speed, security and decentralisation.
A blog by Casper Labs claims that the network is 47,% more energy-efficient than Ethereum and up to ,% more energy-efficient than Bitcoin. Casper Labs said: “As more enterprises and governments prioritise more environmentally responsible technology, it’s imperative that we as an industry rise to the challenge. Casper introduces a more sustainable model that allows organisations to have the best of both worlds when it comes to leveraging decentralisation in a far more environmentally conscious manner.”
The protocol also uses a correct-by-construction (CBC) Casper specification which, the company says, allows for an easy and fast adoption of blockchain services on all enterprise levels.
While the Casper association oversees the running of the network, providing “resources to help accelerate the adoption of Casper and its growing ecosystem of decentralised applications”, CasperLabs helps support and guide developers and start-ups who are building on the Casper blockchain.
Casper recently partnered with the DEVxDAO to collaborate with a Swiss association called Emerging Technology Association (ETA) in supporting scientists and developers who are seeking decentralised project funding.
Founders of Casper
Casper was co-founded by Medha Parlikar and Mrinal Manohar. Parlikar, based in California and currently the CTO of CasperLabs, studied biology at Western University in London, Ontario, before taking a course in programming at the now-closed Coleman College in California.
She subsequently became a software engineer and quality assurance engineer at a range of companies including Compass Learning, webgrid.co.uk and DivX. Parlikar worked in management roles, both as quality assurance manager at Visual Sciences as well as senior manager at Omniture. After working as a director of product management at Temboo and senior director of product and engineering at Avalara, she co-foundied CasperLabs in November in the San Diego area.
Manohar, currently CEO of CasperLabs, gained an MS in computer science at Carnegie Mellon University. He subsequently worked in a range of financial services companies, including as an associate at Bain & Company and Bain Capital. After working as sector head of technology media and telco at Sagard Holdings, Manohar began investing in a range of tech- and blockchain-based start-ups.
While the Casper project appears to have a strong team behind it, how does this impact the Casper price prediction for and beyond?
Before looking at forecasts, let’s do an overview of how the coin has performed.
Coin performance of CSPR
The CSPR coin dropped immediately after release, sliding from its all-time high of $ on 12 May to $ on 19 May
The coin subsequently rose to $ on 21 May before falling to lows of $ on 20 July After recovering slightly to $ on 7 August , the coin dropped again to $ on 26 September It subsequently rose to highs of $ on 30 November before dropping to $ by 24 January The coin continued on a downward trend.
In April, the following was announced on Twitter:
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However, following the long-running bear market and recent crashes, the token met an all-time low of $ on 18 June. The token has made some headway, however, and is trading at $ at the time of writing on 18 August
As of 18 August, there is a total supply of billion coins and a current circulating supply of billion coins. The Casper Network has a market cap of $m and is the th biggest crypto by that metric.
How does this information affect a Casper price prediction?
Casper price predictions
Price predictions should be understood as possibilities rather than absolutes. Keeping this in mind is especially important when looking at longer-term forecasts, as these can often be wrong. With that said, let’s look at some CSPR price predictions…
DigitalCoinPrice has a set of optimistic projections, stating the token will be worth $ in September, representing an upswing of almost 40%, but recede to $ in December. The site suggests an average value of $ in and $ in The Casper price prediction for is $, continuing on an upward trajectory to reach $ in
PricePrediction predicts a value of $ in August this year and $ in December. The site forecasts values of $ in , $ in , $ in , $ in and $ in , and gives a Casper price prediction for of$
WalletInvestor, in a bearish Casper coin price prediction, thinks the coin will go down to $ in a year’s time and states: “CSPR is a bad long-term (one-year) investment”.
FAQs
How many Casper are there?
There is a total supply of billion CSPR coins and a current circulating supply of billion coins.
Is Casper a good investment?
With plenty of competition from a host of other crypto projects purporting to do a very similar thing, and with a far from excellent coin performance since its launch, the crypto is not looking particularly promising at this moment. However, this could all change.
It is always key to remember that cryptocurrencies are highly volatile assets, and that analysts’ forecasts can often be wrong. You should always carry out your own research before making any investment.
Will Casper go up?
The coin could go up, though experts appear on the whole bearish in regard to the CSPR coin. The coin has not performed particularly well overall; however, this could change.
Remember, cryptocurrencies are highly volatile assets and forecasts from analysts can be wrong. Never invest any money you cannot afford to lose. Casper crypto price predictions are algorithmic and do not take into account all market conditions.
Should I invest in Casper?
Investing is a highly personal endeavour. You should do your own research and keep up-to-date on any developments in the Casper ecoystem that could boost or harm its prospects.
Remember, investing can be risky. That is why you should always conduct your own research, and never invest money that you cannot afford to lose.
Further reading
Casper (CSPR) Coin Destekçileri
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