Trac Coin: Worthy Investment Or Risky Business?

TRAC is the native cryptocurrency of OriginTrail, a multi-chain protocol that allows organisations, institutions, and other blockchains to share information safely in a decentralised and traceable environment. It is currently ranked #241 in the cryptocurrency market. This paragraph will explore whether TRAC is a good investment.

TRAC's price predictions for 2023-2032

TRAC, or the OriginTrail blockchain, is a multi-chain protocol that allows for the safe sharing of information in a decentralised and traceable environment. The TRAC token is used to facilitate trade between supply chain data producers, consumers, and OriginTrail node owners.

2023

According to Cryptopolitan, TRAC's price will reach a maximum of $0.67, with an average trading price of $0.58. The minimum price is expected to be $0.57.

2024

TRAC's price could skyrocket to a maximum of $0.99, according to Cryptopolitan. The minimum and average prices are expected to be $0.82 and $0.85, respectively. According to AMB Crypto, TRAC could hit $0.92 in 2024, with a minimum price of $0.49.

2025

In 2025, TRAC's price is expected to reach a maximum of $2.08, with an average trading price of $1.85, according to Cryptopolitan. The minimum price is predicted to be $1.79.

2026

TRAC's price could reach a maximum of $3.30, as predicted by CaptainAltcoin. The average price is expected to be $1.48, with a minimum of $1.18, according to AMB Crypto.

2027

According to AMB Crypto, TRAC's price will be between $1.54 and $2.30, with an average of $1.92. Cryptopolitan predicts a maximum price of $3.11, with an average of $2.64 and a minimum of $2.57.

2028

AMB Crypto predicts a maximum price of $3.00 for TRAC in 2028, with an average of $2.50. Cryptopolitan's prediction is more bullish, with a maximum price of $4.38, an average of $3.73, and a minimum of $3.62.

2029

In 2029, TRAC's price could reach a maximum of $6.35, according to Cryptopolitan. The average and minimum prices are expected to be $5.37 and $5.22, respectively. AMB Crypto predicts a maximum price of $3.89, with an average of $3.24.

2030

TRAC's price is predicted to be between $4.22 and $5.06, with an average of $4.22, according to AMB Crypto. Cryptopolitan's prediction is more bullish, with a maximum price of $9.12, an average of $7.65, and a minimum of $7.43.

2031

According to Cryptopolitan, TRAC's price will reach a maximum of $12.77, with an average of $10.79 and a minimum of $10.48.

2032

The most bullish prediction for TRAC's price in 2032 comes from Cryptopolitan, which forecasts a maximum of $18.12, an average of $16.14, and a minimum of $15.60.

What is OriginTrail (TRAC)?

OriginTrail is a multi-chain protocol for organizations, institutions, and other blockchains to share information safely in a fully decentralized and traceable environment. The OriginTrail blockchain is built on a collection of synchronized and decentralized nodes that make it easy to hold and share data.

The core development company of OriginTrail is known as Trace Labs, founded in 2013. OriginTrail's decentralized network mainnet was started in 2018 with actual enterprise data jobs. It leverages the advantages of global standards GS1 and WC3. The exact alignment of data from sources such as legacy systems and newer blockchains has been ensured by this standard. Due to the sensitive nature of certain information sets, ODN is providing a ‘Zero-Knowledge Method’ to prove the validity.

TRAC is the native cryptocurrency of OriginTrail. TRAC is non-inflationary, and a total of 500 million pre-mined TRAC tokens were distributed during its initial coin offering. The token sale happened on January 17, 2018; the price of the OriginTrail token was $0.10. TRAC is an 18-decimal token; hence the issue of supply or payment is comparatively fewer.

ERC-20, an Ethereum-based OriginTrail token, is used to power all the activities of the OriginTrail ecosystem. The token will be locked up for months and years to reduce the supply and increase the demand. Among 500 million TRAC tokens, 39.6 million are distributed.

OriginTrail's active coin incentivizes nodes in the peer-to-peer network to execute system processes. Maintaining and operating a p2p network consumes time, electricity, computer processing power, cooling, etc. As the network of nodes in the p2p OriginTrail network grows, node operators’ computational and storage requirements grow proportionately.

An OriginTrail node is a computer that runs the OriginTrail software client and performs tasks such as storing data, uploading data to the network, executing supply chain consensus checks/calculations, and searching for matches within uploaded data. The node implements all system rules and acts as an autonomous p2p network element. By default, it is a full node but can also be configured to operate as a light node if desired. OriginTrail nodes are rewarded with a share of the total system reward for their efforts.

TRAC's price history

TRAC's price surged by over 80% in March 2022 due to several milestones, including the rollout of OriginTrail v6, AidTrust launch, transitioning to Web3, and Polkadot integration. This surge was short-lived, and TRAC's price continued to drop throughout the year.

TRAC's current price, as of June 2, 2024, is $0.314542, with a 24-hour trading volume of $1,077,319. It is ranked #193 in the cryptocurrency market, with a live market cap of $114,850,428.

Looking at TRAC's price predictions for the rest of 2024, various sources have different estimates. Trading Beasts predicts that TRAC's price will fall in the second half of 2022, reaching $0.474 in December. Wallet Investor gives TRAC an 'A+' rating and predicts that its average trading price will range between $0.317 and $0.275 in the coming two weeks, with a maximum price of $0.350 and a minimum of $0.219.

For the long term, TRAC's price predictions vary widely. Some sources predict that TRAC will reach a maximum price of $1.44 in 2025, $2.08 in 2026, and $18.12 in 2032. More conservative estimates place TRAC's maximum price at $0.99 in 2024, $3.37 in 2026, and $7.47 in 2030.

It is important to note that predicting cryptocurrency prices is a challenging task, and these predictions should be taken with a grain of salt. The digital currency space is highly volatile, and TRAC's price could fluctuate significantly in the future.

TRAC's technical analysis

The EMA-20 trend line has significantly surged from its previous resistance level of $0.23 to $0.36, and TRAC tokens have been trapped under bears' domination as it trades in a consolidation level. TRAC coin trades near an extreme fear zone, which was brought about after the SEC's crackdown on crypto, creating a FUD situation for investors. However, TRAC has barred itself from dropping further as it has taken support at $0.35, from which the coin is making a slight upward retracement to its 23.6% Fib level. The Balance of Power (BoP) indicator trades in a highly bullish region of 0.76, hinting at an extension of bullish momentum for our OriginTrail price prediction to $0.48.

The popular indicator RSI-14 trades on the verge of a bearish region at the level of 53, which is just above the midline and may push TRAC to test its resistance near the 31.6% Fib levels. Moreover, the MACD line has again formed a bullish channel in the chart as it sparks bullish candles above the signal line, signifying buying pressure in the TRAC price chart. However, the SMA-14 does not look promising as it is slowly dropping to the RSI level near the 50 mark, which may ignite a short-term bearish retracement for TRAC to the bottom levels.

If the OriginTrail coin breaks above its resistance of $0.4, it may pave its upward road to its Bollinger band's upper limit of $0.46, above which it may make an attempt to break its strong resistance of $0.53. Conversely, a further bearish reversal is expected if TRAC drops below the crucial support level of $0.33; below this price level, OriginTrail may accelerate a sharp collapse as it can trade near its Bollinger band's lower limit of $0.26. If OriginTrail's price fails to hold above $0.2, it may gear up for a more bearish bloodbath and trade near $0.16.

TRAC's price predictions by industry influencers

TRAC, the native cryptocurrency of OriginTrail, has attracted leading market giants due to its robust commitment to the web3 space. The token's price chart has seen significant fluctuations, drawing the attention of analysts worldwide and prompting them to offer their views on its potential price movements. The market has provided mixed predictions for TRAC, with some bullish forecasts anticipating its value to exceed $10 in the coming years.

OriginTrail has been on a downward trend in 2024, a market sentiment shared by many altcoins as investors opted for less volatile investments. However, it is expected to begin recovering in 2025, and because it has utility, it should remain relevant in the future. Future partnerships will play an integral role in the growth of OriginTrail, enabling the expansion of its knowledge data graph.

OriginTrail is the world's first decentralised knowledge graph, aiming to identify crypto-related problems and resolve them by providing transparency to the supply chain with a decentralised protocol. The long-term outlook for TRAC is bullish, with prices expected to increase in the future due to various factors such as mass adoption, positive developments, and partnerships.

• Cryptopolitan predicts that TRAC's price will reach a maximum of $0.67 in 2025, with an average trading price of $0.58.
• TradingBeast forecasts a further decrease in TRAC's price, valuing it at $0.4368 by the end of 2025.
• WalletInvestor predicts that TRAC's price will grow, reaching around $1.888 in 2025.
• PricePrediction.net forecasts TRAC's price to be $1.19765 by the end of 2025, with a potential breakthrough leading to a price rise to $1.5928745.
• DigitalCoinPrice expects TRAC to surpass $0.80 by the end of 2024 and reach a minimum value of $0.77.
• CryptoPredictions.com gives a bullish scenario, predicting TRAC to start April 2024 at $0.43 and end the month at $0.5, with a projected range between $0.39 and $0.58.
• Gov.Capital predicts TRAC to surge to a maximum value of $0.89 in 2025, with a minimum of $0.65 and an average trading price of $0.77.
• CoinCodex predicts that TRAC's price will increase by 161.89% by 2025, reaching a high of $1.780194.
• CaptainAltcoin's prediction model sees TRAC reaching $3.30 in 2025 and $8.25 in 2030.

While these predictions provide valuable insights, it is important to remember that the cryptocurrency market is highly volatile, and predicting prices is a challenging task. Therefore, these predictions should be considered with a degree of caution, and investors should always conduct their own research before making any investment decisions.

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