Karrat Price Prediction 2024: KARRAT Price Analysis
What's Next for Karrat?
Key Takeaways
- Karrat’s KARRAT is a very new coin that debuted in late April.
- KARRAT jumped to its all-time high in June after AMGI announced a partnership with Nvidia and Palantir.
- One price prediction expects it to reach $1.03 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, with a primary focus on the gaming and AI industries.
One of its major supporters is AMGI Studios, an independent company at the forefront of animation and gaming. It recently signed a strategic partnership with artificial intelligence (AI) and big data giant Palantir.
The agreement will allow AMGI Studios to incorporate Palantir’s Foundry platform into its products and applications.
This partnership, along with the one with the AI giant Nvidia announced in May, has boosted sentiment over the KARRAT token, which hit an all-time high in early June.
Karrat did not respond to a request for comment.
Let’s now take a look at our Karrat price prediction. We’ll also examine the Karrat price history and explain a little about what Karrat is and what it does.
Karrat Coin Price Prediction
| Minimum KARRAT Price Prediction | Average KARRAT Price Prediction | Maximum KARRAT Price Prediction | |
|---|---|---|---|
| 2024 | $0.36 | $0.83 | $0.88 |
| 2025 | $0.85 | $1.00 | $1.03 |
| 2030 | $2.69 | $2.93 | $2.98 |
Karrat Price Prediction 2024
If the positive momentum continues and KARRAT breaks above its moving averages, it could reach targets between $0.36 and $0.88 by the end of 2024, with the average price set at $0.83.
Karrat Price Prediction 2025
Technical analysis suggests a potential increase for Karrat in 2025. The minimum KARRAT price expected for 2025 is $0.85, while the maximum is $1.03. On the other hand, the average forecast suggests it may reach $1.00.
Karrat Price Prediction 2030
Based on technical analysis, KARRAT may reach a maximum level of $2.98 at the beginning of the next decade, while, in the worst scenario, it may go to $2.69. Meanwhile, the average expected price is $2.93.
Karrat Price Analysis
KARRAT demonstrated bullish momentum on Aug. 13 as it decisively breached the critical $0.30 resistance level thanks to its substantial trading volume. Given the current market dynamics, this breakout signals a potential upswing towards the $0.71 mark.
KARRAT’s previous rally yielded an impressive 270% return, suggesting similar growth potential in this bullish cycle.
As the broader cryptocurrency market shows signs of recovery, with $BTC leading the charge, KARRAT is well-positioned to capitalize on the overall positive sentiment.
Short-Term Karrat Price Prediction
Karrat’s price prediction anticipates a 6% rise for the next 24 hours and a 226% increase for the next month, projecting the price to reach $1.291489 by Sept. 12, 2024. Despite this optimistic outlook, current technical indicators show a Bearish sentiment, with the Fear & Greed Index at 31 (Fear).
Karrat has seen 13 green days out of the last 30 (43%), with a price volatility of 16.79%. Given these factors, now may not be the best time to invest in Karrat.
Karrat Relative Strength Index (RSI): Is KARRAT Oversold or Undersold?
Karrat Price Performance Comparisons
How Do We Make a Karrat Price Prediction?
Our price prediction for Karrat combines technical analysis tools and recognizes the logic in price cycles. We’ve primarily used the Elliott Wave Principle, which describes these price movements in their motive and correction phases.
Applied to the Karrat-specific time-frames and its price history, we can come up with the targets, although the further we project, the less accurate they are because they depend on what happens in between.
Best Days and Months to Buy Karrat
We looked at Karrat’s 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 KARRAT.
| Day of the Week | Tuesday |
| Week | 20 |
| Month | June |
| Quarter | First |
Karrat Price History
Following that, let’s look at some of the key dates in the Karrat 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 Karrat price prediction.
| Time period | Karrat Price |
|---|---|
| Last week (Aug. 6, 2024) | $0.4293 |
| Last month (July 13, 2024) | $0.5857 |
| Three months ago (May 13, 2024) | $0.4977 |
| Launch price (April 22, 2024) | $0.8882 |
| All-time high (June 5, 2024) | $1.2316 |
| All-time low (Aug. 5, 2024) | $0.3585 |
Karrat Market Cap
The market capitalization, or market cap, is the sum of the total KARRAT in circulation multiplied by its price. On Aug. 13, 2024, Karrat’s market cap was $42.5 million, making it the 542nd largest crypto by that metric.
Who Owns the Most Karrat (KARRAT)?
On Aug. 13, 2024, one wallet held 47.48% of the supply of Karrat.
Richest KARRAT Wallet Addresses
As of Aug. 13, 2024, the five richest Karrat wallet addresses were:
- 0x6de6abf292224b9b293f304388735d08b4db1398. This wallet held 474,849,999 KARRAT or 47.48% of the supply.
- 0xb73c7d195db76b290b85eae1265cfd85134326ac. This wallet held 418,115,387 KARRAT or 41.81% of the supply.
- 0x645378375d29b86a79eb4e31820afb53b4e54aee. This wallet held 8,049,965 KARRAT or 0.80% of the supply.
- 0xd8d6ffe342210057bf4dcc31da28d006f253cef0. This wallet held 7,186,534 KARRAT or 0.72% of the supply.
- 0xbb692a8537cc4efef6e8a2ac309cc605dac81a3a. This wallet held 31,755,954,352 6,873 KARRAT or 0.60% of the supply.
Karrat Fact Box
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 1,000,000,000 |
| Circulating supply (as of Aug. 13, 2024) | 107,034,614 (10.7% of total supply) |
| Holder distribution | The top 10 holders owned 90% of the maximum supply as of Aug. 13, 2024 |
From the Karrat Whitepaper
Karrat’s whitepaper hasn’t been published yet.
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 developing and growing gaming, entertainment, and AI products tailored for the modern era.
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 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 and 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 also on other related coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you must also ensure you never invest more money than you can afford to lose.
FAQs
Will KARRAT reach $10?
Price predictions based on technical analysis expect it to reach a double-figure level 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 user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
