Trac Crypto: A Smart Investment Move?

TRAC is the native cryptocurrency of OriginTrail, a Web3 Protocol for trusted information sharing. It is currently ranked #241 in the cryptocurrency market. In this dynamic market, TRAC is considered a good investment by some, but it is a risky one. It has a good use case, well-designed tokenomics, an active community, and a solid team behind it. The price of TRAC is expected to reach a maximum level of $7.53 in 2030. However, the crypto market is volatile, and all investments have their fair share of ups and downs.

TRAC's price history and future predictions

TRAC is the native cryptocurrency of OriginTrail, a Web3 protocol for trusted information sharing. OriginTrail was founded in 2013 as a traceability platform for food products, and its native token TRAC was launched in January 2018 with an opening price of $0.234.

Price History:

TRAC's price history has been volatile, with several peaks and troughs since its launch. Here are some key moments in its price history:

• August 2018: TRAC reached $0.110.
• November 2018: TRAC dipped to $0.0213 and stayed near this level until the start of 2020.
• March 2020: TRAC started to rise and peaked at $0.270 in August, which was above its opening price.
• End of 2020: OriginTrail crashed again, touching $0.093.
• 2021: TRAC recovered and discovered new highs, peaking at $0.804 in March and reaching an all-time high of $3.50 in November.
• 2022: TRAC started reversing its peak price and cooled down to $0.385 by mid-March.
• June 2022: TRAC dipped below its opening price, crashing to $0.206.
• January 2023: TRAC traded near the $0.250 margin.
• November 2023: TRAC continued its bullish pattern, with a high for the year of $1.49 in March.
• May 2024: TRAC followed a downward trend, dropping to $0.835, then further lows of $0.662 in June and July, trading near the $0.5 range in August.

Future Predictions:

While TRAC's price has been volatile, several sources offer predictions for its future price movement. Here are some key predictions:

• 2024: TRAC is expected to reach a maximum of $0.6901 and an average of $0.6388. As of September 2024, TRAC's price is around $1.00.
• 2025: TRAC is predicted to have a maximum price of $2.60 and a minimum of $1.07, with an average of $0.9282.
• 2026: TRAC's maximum price is expected to be $1.54, with an average forecast price of $1.39.
• 2027: TRAC's maximum trading price is anticipated to be $2.32, with a minimum of $1.94 and an average of $2.00.
• 2028: TRAC is expected to reach a maximum price of $3.95, with an average trading price of $3.11.
• 2029: TRAC's price may trade at an average of $5.12, with a maximum of $5.49 and a minimum of $4.75.
• 2030: TRAC is predicted to have a maximum value of $7.53, with an average trading price of $6.19. Some sources suggest a maximum price of $7.47.
• 2040: TRAC is predicted to reach $6.36.

It's important to note that predicting cryptocurrency prices is challenging, and there is no guarantee that these predictions will come true.

TRAC's use cases

TRAC, or Trace Token, is the currency used to facilitate trade between supply chain data producers, consumers, and OriginTrail node owners. OriginTrail is a multi-chain protocol for organisations, institutions, and other blockchains to share information safely in a fully decentralised and traceable environment.

Food Safety

Companies can use OriginTrail to trace food products from farm to table, ensuring quality and safety standards are met. This traceability helps in quickly identifying the source of contamination, reducing the risk of foodborne illnesses.

Pharmaceuticals

The platform helps track the authenticity and origin of pharmaceutical products, combating counterfeit drugs and ensuring regulatory compliance. AidTrust, a joint product with BSI UK, is being rolled out to 80+ treatment centres across India to help ensure that donated medicine reaches the intended patients in a timely manner.

Manufacturing

Manufacturers can monitor the production process in real-time. This ensures compliance with industry standards and reduces errors and delays, leading to cost savings and better product quality.

Textile Industry

In the textile sector, OriginTrail helps track the journey of raw materials to finished garments. This transparency is crucial for verifying sustainable and ethical practices and ensuring that brands can substantiate their claims about eco-friendly and fair-trade products.

Retail

OriginTrail provides retailers with real-time insights into their inventory. This helps them manage stock, reduce waste, and enhance customer experience by providing detailed product histories and ensuring authenticity.

Agriculture

Farmers and agricultural cooperatives use OriginTrail to track crop conditions and logistics. This optimises the supply chain from field to market, ensuring that high-quality, fresh produce reaches consumers efficiently.

Automotive

OriginTrail supports the tracking of parts and components from automotive suppliers, ensuring that vehicles are assembled with verified and high-quality materials. This traceability is essential for recalls and maintaining brand integrity.

TRAC's tokenomics

TRAC is the native cryptocurrency of OriginTrail, a Web3 Protocol for trusted information sharing. It is an Ethereum-based token, with a total of 500 million pre-mined TRAC tokens distributed during its initial coin offering. TRAC is non-inflationary and has 18 decimals, which means the issue of supply or payment is comparatively lower.

TRAC tokens are used to pay for data processing and storage on the OriginTrail network. The network combines blockchain technology with knowledge graph technology to create a Decentralized Knowledge Graph (DKG), which enables trusted data exchange across different systems and organizations.

The tokenomics design of OriginTrail integrates both network layers and its Uniform Asset Locators (UALs) to improve asset discoverability. The network is blockchain-agnostic, meaning it can work with any blockchain platform that supports smart contracts. Users who want to publish or query data on the DKG need to pay TRAC to node runners who provide storage and computation resources.

The current price of TRAC is around $1, with a 24-hour volume of $6,925,981. The total market cap is $404,440,362, with a circulating supply of 402,324,425 TRAC. The price of TRAC has been continuously dropping, but there has been positive momentum in recent days.

Looking ahead, the OriginTrail crypto price prediction for 2024 suggests that the value may hit an average of $1.485, with a maximum of $2.16 and a minimum of $0.81. By 2025, the coin will see a rise of around 40%, trading from a potential low of $2.11 to a maximum level of $2.60. The average trading price for the year is expected to be $2.355.

By 2030, the OriginTrail token price is expected to witness a massive price jump. Its maximum value will be around $7.53, with an average trading price of $6.19. Traders can expect a minimum price of $5.97.

TRAC's competitors

• VeChain (VET)
• Algorand
• DASH
• ALGO
• LTC
• XLM

TRAC is the native cryptocurrency of OriginTrail, a Web3 Protocol for trusted information sharing. It is currently ranked #241 in the cryptocurrency market. TRAC is non-inflationary, with a total of 500 million pre-mined tokens distributed during its initial coin offering. The token is used for Decentralized Knowledge Graph (DKG) operations within the OriginTrail ecosystem and is essential for performing operations such as publishing and updating assets, and providing collateral on OriginTrail nodes.

TRAC has a unique Decentralized Knowledge Graph, which allows for the organization and discovery of trusted AI-ready Knowledge Assets. This graph enables efficient search and solutions powered by AI for enterprises and individuals worldwide.

One of TRAC's competitors, VeChain, is mentioned by a Redditor as being "absolutely over-valued". In comparison, TRAC is described as having "real-world use" and being "tied to enterprise global supply chains". Another Redditor mentions that TRAC is "way over-valued" but that "most of the top 100 cryptos" are as well.

TAP, a protocol created by Trac Systems, is described as having "no competitors" due to its ability to facilitate "building on Bitcoin in a way no competitors can".

TRAC's risks and challenges

While TRAC has been described as a good investment, it is not without its risks and challenges. Here are some key considerations:

• Volatility: The cryptocurrency market is highly volatile, and TRAC's price has been subject to significant fluctuations. For example, TRAC's price dropped to $0.533 in August 2024, losing 3.99% of its value in 24 hours. Such volatility can make it difficult for investors to predict the coin's performance and can lead to potential losses.
• Competition: TRAC operates in a highly competitive market with many other cryptocurrencies and blockchain projects. This competition could impact TRAC's ability to maintain its market share and attract new users.
• Regulation: The crypto industry is facing increasing regulatory scrutiny, and changing regulations could impact TRAC's operations and adoption. For example, stricter regulations around decentralised finance (DeFi) and non-fungible tokens (NFTs) could affect the use cases for TRAC.
• Adoption: While TRAC has been adopted by several significant companies, including Home Depot, Walmart, and Target, there is a risk that wider adoption may not materialise. The success of TRAC depends on its ability to attract and retain users, and a lack of adoption could impact its price and long-term viability.
• Technical Challenges: Blockchain technology is still evolving, and TRAC may face technical challenges such as scalability, security, and interoperability issues. These challenges could impact the performance and usability of the TRAC network.
• Market Sentiment: The overall market sentiment can impact the price of TRAC. For example, during bearish market conditions, investors may be less likely to invest in cryptocurrencies, leading to a decrease in demand and price for TRAC.
• Limited Supply: TRAC has a fixed total supply of 500 million tokens, and as of September 2024, 401 million are in circulation. As the supply of TRAC tokens approaches its limit, it could impact the coin's price and availability.
• Price Fluctuations: TRAC's price has experienced significant fluctuations since its launch in 2018, including an all-time high of $3.50 in November 2021 and subsequent drops. Such price volatility can make it challenging for investors to predict the coin's performance and can lead to potential losses.
• Lock-up Periods: TRAC tokens are sometimes locked up for months or years to reduce supply and increase demand. While this can positively impact the price, it can also reduce the liquidity of the token and may impact investors' ability to trade or use their tokens during the lock-up periods.

Frequently asked questions