Is Shentu Chain (CTK) a Good Investment?
Shentu Chain (CTK) is one of the fastest-growing cryptocurrencies in the blockchain ecosystem. Because of its extremely strong technologic fundamentals, many crypto experts believe that Shentu Chain is a good investment and that CTK might soon become one of the largest digital currencies on the market. But what is Shentu Chain really, and is CTK a good investment to make in 2022 as the blockchain analysts claim?
What Is Shentu Chain?
Shentu Chain is without any doubt one of the most technologically advanced blockchain protocols on the market, providing incredible functionality and a massive number of use cases. The Shentu Chain ecosystem consists of solutions such as the Security Oracle, ShentuShield, DeepSEA, and Shentu Virtual Machine (SVM), which combined to create a powerful blockchain platform that can be applied not only to DeFi and NFTs but also to innovative products like autonomous vehicles.
The Shentu Chain token (CTK) was launched in October 2020. However, originally the project was called CertiK, and it rebranded to Shentu Chain in September 2021. So if you see the names Shentu Chain and CertiK used interchangeably do not be confused. Both of these names refer to the same cryptocurrency – the CTK token.
The rebranding from CertiK Chain to Shentu Chain was caused by the massive evolution of the CTK ecosystem. The original CertiK was a relatively basic blockchain protocol – Shentu Chain is much more advanced and has numerous advanced features, which means that Shentu Chain is a good investment to make if you’re looking for a project built on solid technologic fundamentals.
Why Is Shentu Chain (CTK) a Good Investment?
The main reason why Shentu Chain is a good investment is that the Shentu Chain ecosystem combines many different products into a powerful platform that can greatly enhance the efficiency of using digital assets. The main components of the CTK ecosystem include the Security Oracle, ShentuShield, DeepSEA, and the Shentu Virtual Machine.
The Security Oracle is a specialized decentralized network employing state-of-the-art security solutions to improve the reliability of complex smart contracts used in DEXs, yield farming protocols, and other advanced DeFi dApps. It can be integrated with all types of smart contracts, regardless of the protocol they use. The Security Oracle can massively improve the security of any DeFi application, and the Security Oracle operators are able to earn valuable rewards in the form of CTK tokens.
Another powerful feature of the Shentu Chain ecosystem that makes CTK a good investment is the ShentuShield. ShentuShield solves one of the most important problems of the blockchain ecosystem – the inability to recover lost or stolen coins and tokens.
On the technical level, ShentuShield is a decentralized reimbursement protocol that can be described as a DeFi insurance mechanism. By joining the ShentuShield program as a Shield Purchaser and paying a small CTK fee, you are essentially insuring your cryptocurrency. If you decide to join ShentuShield as a Collateral Provider, you are able to earn passive income in CTK tokens in exchange for reserving some funds to be used as reimbursement collateral.
One of the most innovative elements of the Shentu Shield ecosystem is DeepSEA – an advanced, extremely secure programming language compatible with most protocols on the market. DeepSEA has been recognized by the Ethereum Foundation and IBM as one of the most innovative blockchain-oriented programming languages, as it empowers the developers to create dApps that by default feature enhanced security and cross-chain interoperability.
Finally, the last major part of Shentu Chain which makes CTK a good investment is the Shentu Virtual Machine (SVM). SVM is fully compatible with the Ethereum Virtual Machine (EVM), but provides a large number of security-oriented advantages – for example, it allows creating smart contracts with on-chain security parameters and launching them in an environment designed specifically to minimize the risks of security breaches.
Why Is Shentu Chain (CTK) a Good Investment According to the Crypto Community?
Strong technologic fundamentals are not the only reason why Shentu Chain is a good investment to make in 2022. It’s also important to note that the CTK token is becoming massively popular among blockchain enthusiasts around the world. According to the data shared by CryptoDiffer, Shentu Chain is already one of the top 15 largest altcoins when it comes to social media activity!
TOP 15 #ALTCOINS BY SOCIAL VOLUME$ETH #ETH $CAKE #CAKE $XTZ $ADA #ADA $SHIB #SHIB $DOGE #DOGE $RARI #SAFEMOON $CTK $SOL #SOL $FLOKI #FLOKI $MATIC #MATIC $MANA #MANA $ALGO $AXS #AXS pic.twitter.com/HMRqfMCPOG
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) January 18, 2022
Chart analysis also confirms that Shentu Chain is a good investment, and suggests that the CTK price will grow in the foreseeable future. The popular technical analyst Ziga believes that the Shentu Chain price is about to breakout:
$CTK – Ready to breakout of the Falling wedge formation the 1D TF. Currently at a demand zone.
Do with this info whatever you want!#Btc #trx #btt #Crypto pic.twitter.com/UFctBsUFLs
— _Ziga_💱 (@Zigabeeh) January 18, 2022
It’s also worth remembering that despite the high social volume, Shentu Chain is still a relatively small project when it comes to market capitalization. Because of that, CTK is a good investment if you’re looking for undervalued gems to buy. According to Ben GCrypto, Shentu Chain is even one of the top 15 best crypto projects with a small market cap of under $100 million:
Top 15 Promising Projects with Market Cap Under $100М
This time we made a list of the top 15 projects, in our opinion, with a current market cap under $100М, which you can take a closer look at$SLIM $QUICK $LTO $SHFT $CTK $DNT $KMD $ARPA $TKO $ALPACA $DIA $DOCK $RARI $TRB $PNK pic.twitter.com/55ZzC8ge88
— Ben GCrypto (@GCryptoBen) January 17, 2022
It’s obvious that the crypto community is very bullish on Shentu Chain, but what about some specific CTK price predictions for 2022? Many experts seem to agree that CTK will reach $10 in the near future, but some crypto analysts are much more bullish. According to the Always Crypto channel, Shentu Chain will reach $50 or more!
Can You Buy CTK Crypto On Coinbase?
Since Shentu Chain is still low-cap crypto, you can’t buy CTK on Coinbase yet. It means that CTK is a good investment because the price will certainly erupt when Shentu Chain finally gets listed on Coinbase!
Where to Buy Shentu Chain?
You can buy Shentu Chain on a large number of popular crypto exchanges such as Binance, Bithumb, Bitfinex, Gate.io, Liquid and MEXC. You can also buy CTK crypto on the decentralized exchange PancakeSwap.
Will the CTK Price Reach $10?
According to many crypto analysts and experts, CTK will reach $10 in the near future. In order to achieve that, the Shentu Chain price would only have to increase by less than 10x, which seems very realistic due to the strong fundamentals of the Shentu Chain ecosystem.
Conclusion – So, Is Shentu Chain (CTK) a Good Investment 2022?
When we take all the factors into consideration, it becomes obvious that Shentu Chain is a good investment to make in 2022. Unlike many competing altcoins, Shentu Chain is focused on providing high functionality and numerous important use cases. Since Shentu Chain can massively improve the security and efficiency of building DeFi solutions, it’s very likely that the CTK price will keep growing in 2022.
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