Is CertiK (CTK) A Good Investment In 2022?

Introduction

CertiK was founded by a group of Yale University and Columbia University professors to provide blockchain security using AI technology. In other words, CertiK uses AI technology to enhance the security of blockchain protocols and smart contracts.

CertiK has defined its mission to secure the cyber world and started with blockchain. The team brings cutting-edge technology and innovation from academia to enterprise, allowing developers to build their projects with security and correctness.

How Does CertiK Work

CertiK is able to secure blockchain projects by applying its Formal Verification technology to smart contracts and blockchain protocols. CertiK's testing approach is different from the traditional approaches. It mathematically tests blockchain ecosystem and smart contracts to prove they are hacker-resistant and bug-free.

CertiK uses three main technologies to provide its services to blockchain projects:

• Formal Verification

Unlike other techniques such as simulation and emulation, Formal Verification explores the complete space of possible design behaviors, even demonstrating the absence of design flaws. It is the technology that increases the confidence in design significantly.

• AutoScan

This is a scalable technology to identify and remediate security vulnerabilities. It can be used to auto-scan smart contracts, evaluate contract security, and locate buggy functions.

• DeepSEA-Blockchain

This is a functional programming language for formally verifiable smart contracts.

Combining these technologies is what makes CertiK stand apart and deliver its services with high quality.

Financial Analysis

CertiK (CTK) provided its investors with a 149% Return On Investment (ROI) over the last year, much lower than its similar cryptocurrency projects' average ROI (907%). Moreover, CTK underperformed compared to the crypto market's top 1500 projects, which saw an average ROI of 38,586%.

Popularity has the potential of determining the success of a crypto project. Our data show that CertiK's popularity has grown on Telegram and Twitter over the last five months, with 199% and 64%, respectively.

Another critical factor to financially analyze a crypto project is market capitalization. According to our data, CertiK's market capitalization rank followed a bell-shaped trend over the last five months. By starting at the rank of 421 on June 7, 2021, peaking at 289 on August 25, it ended up at the rank of 444 by writing this post with approximately $119 million worth.

CTK's price also followed the same bell-shaped trend during the five months time frame. The price peaked at $2.86 on September 6, 2021, then started to decrease to the price of $2.06 by the time of writing this post. Moreover, CTK's liquidity score is 40% below the crypto market's average score, making it challenging to sell if the market is falling.

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