It will be a shock to old investors to know that Cortex Labs is still alive. The platform’s foundational token CTXC managed to surge 116.52% last month. However, compared to its all-time high which was around 7 years ago, it is still 80.29% down.
When the token got to its yearly high of $0.8 in March 2024, various traders considered it as the revival point. However, it again fell into the dip for 7 months. The recent uptrend again ignited hope in traders, indicating a real revival from its downward spiral.
This article will enquire the reasons behind this small surge, and analyze whether it is a good investment option or not. Also, we will cover the basic details of the ecosystem and provide a purchasing guide as well. Let’s begin.
What Are the Reasons for This Surge?
Since the boom in the entire crypto market, various institutional investors have purchased several older coins, and the uptrend in CTXC can be seen as a part of this. Also, the recent developments in the ecosystem, including the arrival of Snowflake Intelligence, a protocol powered by Cortex AI, aided the surge.
What is Cortex Labs?
When the smart contracts functionality was introduced by Ethereum Blockchain, the infrastructure required all nodes to verify and agree on the calculation results, which limited certain abilities. However, Cortex AI, with its artificial intelligence services, managed to solve the limitations by introducing image recognition, natural language processing, and pattern recognition.
Cortex AI was a huge success when it was released in 2018, reaching 76th position in the market cap. However, the emergence of other sophisticated tools over the years forced the users to migrate from the protocol. Still, the platform is functioning, and it has managed to survive the competition to an extent. The release of Cortex 2.0 also helped the network to grow.
CTXC Token Details
Cortex’s foundational coin CTXC aims to become a better token by incorporating the support to all AI models. It is primarily used as an aid to initiate transactions of on-chain models. At the height of its bull run, the token had achieved an impressive 300 million dollar market cap. Here are some more details of CTXC:
| Token Ticker | $CTXC |
| Total Supply | 299.79 Million CTXC |
| Circulating Supply | 225.43 Million CTXC |
| Market Cap | $104.46 Million |
| No. of Transactions | 8,547,271 |
How to Purchase CTXC?
The coin is available in all the prominent exchanges with most volume concentrated on Binance. Here is a list of exchanges along with the tradeable pairs:
| Binance | CTXC/USDT and CTXC/BTC |
| Gate.io | CTXC/USDT |
| HTX | CTXC/USDT |
| BingX | CTXC/USDT |
| MEXC | CTXC/USDT |
| BitMart | CTXC/USDT |
| Tokocrypto | CTXC/USDT |
| OKX | CTXC/USDC |
| CoinEx | CTXC/USDT |
| WEEX | CTXC/USDT |
Final Thoughts: Is CTXC a Credible Investment?
The recent developments and the latest roadmap of Cortex imply that it will generate good returns in the future. It has developed program test steps and rewrote compilation scripts. Also, implemented zkRollup inputs across all circuits. The roadmap indicates that it will create partnerships with popular AI solutions within Q2 of 2025.
CTXC seems like a good investment for the long term. Also, it is a rational decision to allocate a small amount to diversify your portfolio. However, you can skip this token if you plan to invest in more advanced solutions with similar use cases.
Finally, as a coin that is far away from its all-time high, CTXC has a difficult target to achieve. It needs high institutional backup to initiate another bull run. Keep this in mind before investing, and try to do as much as research possible. At the moment of writing, CTXC is trading at 0.455 dollars per coin.
Related: Bitcoin Price Nears $100,000: Where is it Headed Next?