Key Takeaways
- Casper was the victim of a hacking attack in late July.
- What’s next for Casper?
- One price prediction says it may reach $0.0468 next year.
The Casper blockchain launched to some fanfare in May 2021. Coming onto the crypto scene right at the end of a bull run, CSPR has struggled to reach the levels it traded at when it launched.
On July 26, 2024, a security breach on the Casper blockchain was detected. The Casper Team/Community immediately took action, including halting consensus and developing a patch.
The network previously announced on Feb. 8, 2024, that the much-anticipated Peregrine (v.1.5.6) upgrade became active on its main net.
Casper did not respond to a request for comment.
Let’s take a look at our CSPR price predictions, made on July 25, 2024. We will also examine the CSPR price history and briefly discuss what Casper is and what it does.
Casper Price Prediction
Let’s examine some of Casper’s price predictions CCN made on July 31, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum CSPR Price Prediction | Average CSPR Price Prediction | Maximum CSPR Price Prediction | |
|---|---|---|---|
| 2024 | $0.0163 | $0.0387 | $0.0399 |
| 2025 | $0.0389 | $0.0440 | $0.0468 |
| 2030 | $0.12 | $0.13 | $0.14 |
Casper Price Prediction for 2024
If the positive momentum continues and CSPR breaks above its moving averages, it could reach targets between $0.0163 and $0.0399 by the end of 2024, with the average price set at $0.0387.
Casper Price Prediction for 2025
Technical analysis suggests a potential increase for Casper in 2025. The minimum CSPR price expected for 2025 is $0.0389, while the maximum is $0.0468. On the other hand, the average forecast suggests it may reach $0.0440.
Casper Price Prediction for 2030
Based on technical analysis, the CSPR token may reach a maximum level of $0.14 at the beginning of the next decade, while, in the worst scenario, it may go to $0.12. Meanwhile, the average expected price is $0.13.
Casper Price Analysis
The technical analysis for Casper (CSPR) indicates a strong buying opportunity. The Relative Strength Index (RSI) over 14 days is at 18.26, suggesting a buy signal.
Similarly, the Commodity Channel Index (CCI) over 20 days is at -166.11, indicating a buy. The Average Directional Index (ADX) for 14 days stands at 36.46, considered neutral.
The Williams Percent Range (Williams %R) over 14 days is at -90.01, indicating that the asset is oversold. Finally, the Ultimate Oscillator reads 36.46, which is neutral.
Short-Term Casper Price Prediction
Casper Network (CSPR) price prediction sees it increasing by 6% in the next 24 hours and accelerating by 227% in the next month, reaching $0.05808 by Aug. 30, 2024.
Despite this optimistic forecast, technical indicators currently show a bearish sentiment, while the Fear & Greed Index indicates a level of 61 (Greed).
Over the past 30 days, Casper Network has experienced 12 out of 30 green days (40%) and a price volatility of 5.65%. Based on this analysis, now may not be the best time to buy Casper Network.
Casper Relative Strength Index (RSI): Is CSPR Oversold or Undersold?
Casper Price Performance Comparisons
How Do We Make a Casper Price Prediction?
Our price prediction for Casper combines technical analysis tools and recognizes the logic in price cycles. We usually use the Relative Strength Index, Fibonacci, and other main technical analysis tools. Applied to the Casper-specific time-frames and its price history, we can come up with the targets, but the further we project, the less accurate they are. This is because they depend on what happens in between.
Best Days and Months to Buy Casper
We examined the Flow price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, suggesting the best times to buy FLOW.
| Day of the Week | Saturday |
| Week | 28 |
| Month | July |
| Quarter | First |
Casper Price History
Following that, let’s look at some key dates in the Casper price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Casper price prediction.
| Time period | Casper price |
|---|---|
| Last week (July 24, 2024) | $0.02104 |
| Last month (June 30, 2024) | $0.02178 |
| Three months ago (April 30, 2024) | $0.03058 |
| Last year (July 31, 2024) | $0.03933 |
| Launch price (May 12, 2021) | $1.3260 |
| All-time high (May 12, 2021) | $1.3260 |
| All-time low (July 31, 2024) | $0.0179 |
Casper Market Cap
The market capitalization, or market cap, is the sum of the total number of CSPR in circulation multiplied by its price. On July 31, 2024, Casper’s market cap was $218.1 million, therefore making it the 199th largest crypto by that metric.
Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 12,785,237,664 |
| Circulating supply (as of July 31, 2024) | 12,187,591,012 (96% of maximum supply) |
From the Whitepaper
In its technical documentation or whitepaper , Casper says that its use of WebAssembly (Wasm) allows most common programming languages to work directly with any instance of a Casper blockchain, avoiding the hurdle of pre-existing software development teams requiring an onboarding time to learn new languages. So long as the language can be compiled to Wasm, developers may use their language of choice to develop Casper applications.
Casper (CSPR) Explained
Casper is a platform designed to help increase the uptake of decentralized applications (dApps). Founded by computer scientists Medha Parlikar and Mrinal Manohar in 2021, the blockchain aims to be fast, decentralized, and secure.
It is supported by its eponymous Casper coin, known as the ticker handle CSPR.
Casper should not be confused with the Kaspa (KAS) blockchain, which aims to be the fastest Proof-of-Work (PoW) blockchain on the market.
How Casper Works
Casper uses a form of Proof-of-Stake (PoS) consensus mechanism. This means that people verify transactions and add blocks to the blockchain-based on how much CSPR they hold.
Somewhat rarely in the world of blockchains, Casper also allows people who lose their keys to recover them.
CSPR holders can vote on changes to the network. People can also buy, sell, and trade CSPR on exchanges.
Is Casper a Good Investment?
It is hard to say. There is no question that CSPR has struggled over the last 18 months or so. Even if we discount its initial high price, it has some way to go before it can get back to where it was in late 2021.
Casper wants to be the blockchain that brings Web3 to the masses. It is hard to see what could make it one of many platforms to achieve that goal.
On the other hand, though, Casper is a pretty active blockchain that appears to be relatively easy to use.
As always with crypto, you should do your own research before deciding whether or not to invest in CSPR.
Will Casper go up or down?
No one can tell right now. While the Casper crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in Casper?
Before you decide whether or not to invest in Casper, you will have to do your own research, not only on CSPR but also on similar coins and tokens such as Ethereum (ETH), Solana (SOL), and Cardano (ADA). Either way, you must also ensure you never invest more money than you can afford to lose.
FAQs
Will Casper reach $1?
It might do, but not for some time. Price predictions based on technical analysis think CSPR can break past the dollar in the next decade.
Keep in mind that Casper has not traded above $1 since it was launched in May 2021.
What is Casper used for?
People who hold CSPR can vote on changes to the Casper blockchain. CSPR pays people who add blocks to Casper. People can also buy, sell, and trade CSPR on crypto exchanges.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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