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Karrat Price Prediction 2024: As AMGI Teams with Nvidia and Palantir, What Next for KARRAT?

Published 6 days ago
Giuseppe Ciccomascolo
Published 6 days ago

Key Takeaways

  • Karrat’s KARRAT is a very new coin that debuted in late April.
  • The KARRAT price has jumped to its all-time high in June after AMGI announced a partnership with Nvidia and Palantir.
  • One price prediction expects it to reach $4.70 in 2025.

The KARRAT Protocol, launched on April 22 by the Karrat Foundation in Camana Bay, Cayman Islands, is a blockchain project funded by KARRAT tokens, primarily targeting the gaming and AI industries.

On of its major supporter is AMGI Studios, an independent company at the forefront of animation and gaming, which has recently signed a strategic partnership  with the artificial intelligence (AI) and big data giant Palantir.

This will see AMGI Studios incorporate Palantir’s Foundry platform into its products and applications.

This partnership, alongside the one with the AI giant Nvidia announced  in May, has boosted the sentiment over the KARRAT token, which hit an all-time high in early June.

Karrat did not respond to a request for comment.

But what is Karrat (KARRAT)? How does it work? Let’s find out, and we can also look at some of the Karrat Price Predictions that were being made as of June 7, 2024.

Karrat Price Prediction

Let’s examine some of the Karrat price predictions made on June 7, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $2.17 $2.55 $7.40
Prediction #2 $1.74 $4.70 $4.37
Prediction #3 $0.9726 $1.49 $10.03

First, CoinCodex  had a short-term Karrat price prediction that saw the token go to $1.4151 by June 14 before jumping to $3.69 by July 6. The site’s technical analysis was bullish, with 15 indicators sending encouraging signals and none making a bearish one.

Karrat Price Prediction for 2024

DigitalCoinPrice  said Karrat would reach $2.17 this year, while CoinDataFlow  expects it to be at $1.74, and PricePrediction.net  said KARRAT would close the year at $0.9726. 

Karrat Price Prediction for 2025

PricePrediction.net said Karrat would reach $1.49 in 2025 and CoinDataFlow sees it at $4.70. DigitalCoinPrice said KARRAT would trade at $2.55 next year.

Karrat Price Prediction for 2030

Moving on to a more long-term Karrat price prediction, CoinDataFlow said the token would be worth $4.37 in 2030 and PricePrediction.net expects it to be $0.1067. DigitalCoinPrice made a KARRAT price prediction of $7.40 at the start of the next decade.

Google Gemini AI Price Prediction for Karrat (as of June 7)

Google’s Gemini platform gave the following price prediction for Karrat on June 7. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next three months)

  • Expected Price: $2.90
  • Factors to Consider:
    • Market sentiment: Is the overall sentiment in the crypto market bullish or bearish?
    • News and events: Any upcoming news or events could impact the price of Karrat.
    • Technical analysis: Studying historical price charts and technical indicators can sometimes provide insights into future price movements.

Medium Term (Next six months)

  • Expected Price: $2.93
  • Factors to Consider:
    • Market trends: Look at the overall trends in the cryptocurrency market. Is the market bullish or bearish?
    • News and events: Any major news or events related to Karrat or the cryptocurrency market in general could affect the price.
    • Technical analysis: Technical indicators can help to try to predict future price movements.

Long Term (Next five years)

  • Expected Price: $17.16
  • Factors to Consider:
    • Market adoption: Widespread use of Karrat could drive its price up.
    • Developments on the Karrat platform: New features and functionalities could attract more users.
    • Regulations: Government regulations on cryptocurrencies could impact the price.
    • Overall cryptocurrency market trends: The performance of Bitcoin and other major cryptocurrencies can influence Karrat’s price.

Karrat Price History

Let’s now look at some of the highlights and lowlights of the Karrat price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a Karrat price prediction.

Karrat price history
Karrat price in 2024. | Credit: CoinMarketCap

When Karrat first came onto the open market on April 22, 2024, it was worth $0.8882. It then moved down and reached its all-time low since its launch at $o.4489 on May 14, before rebounding on Nvidia and Palantir partnerships news.

KARRAT hit an all-time high of $1.2421 before retracing and, on June 7, 2024, the coin is worth $0.9831.

At that time, there were 87.7 million KARRAT, out of a total supply of 1 billion. This gave Karrat a market cap of about $86.2 million, making it the 517th largest crypto by that measurement.

Karrat Historical Price Data

Period Karrat Price
Today (June 7, 2024) $0.005693
One Week Ago (May 31, 2024) $0.6736
One Month Ago (May 7, 2024) $0.6177
Launch Price (April 22, 2024) $0.8882
All-Time High (June 6, 2024) $1.2421
All-time low (May 14, 2024) $0.4489

Is Karrat a Good Investment?

It is hard to say. The coin has been around for less than two months now, and its price has notably increased only over recent days. It’s now a bit down from its all-time high, reached on June 6, 2024, but most of its future depends on several factors.

The partnerships with AI giants Nvidia and Palantir boosted the sentiment over the crypto, but will it last?

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Karrat.

Will Karrat go up or down?

No one can really tell right now. While the Karrat crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Karrat?

Before you decide whether or not to invest in Karrat, you will have to do your own research, not only on KARRAT, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Karrat (KARRAT) Explained

Karrat  is a blockchain-powered decentralized infrastructure designed to support the gaming, AI, and entertainment industries. It enables the integration of digital collectibles and their metadata into gaming engines, allowing their use across multiple games and experiences.

How KARRAT Works

$KARRAT is a cryptocurrency that enables its users to actively engage in the development and growth of gaming, entertainment, and AI products tailored for the modern era.

Karrat Attention Tracker

Karrat Google search volume
Karrat Google search volume for the last 90 days. | Credit: Google
Here is a chart for Karrat’s Google search volume for the past 90 days. This represents how many times the terms “Karrat KARRAT” has been Googled over the previous 90 days.

FAQs

How many Karrat are there?

As of June 7, 2024, there were 87.7 million KARRAT, out of a total supply of 1 billion.

Will KARRAT reach $10?

PricePrediction.net expects it to reach a double-figure level in 2030. Other price predictions see KARRAT at $10 later in the next decade.

What is Karrat used for?

Karrat enables the integration of digital collectibles and their metadata into gaming engines, allowing their use across multiple games and experiences.

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 users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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