TRAC Price Prediction 2022-2031: Is OriginTrail a Good Investment?
OriginTrail (TRAC) coin surged by more than 24% to hit a daily high of $0.7238 before retracing to its current price at $0.672343 last 23 March. OriginTrail (TRAC) has surged by over 80% over the third week of March: why is the TRAC price rising? Several milestones could have contributed to the surging prices in March 2022: the current rollout of OriginalTrail v6, AidTrust launch, transitioning to Web3, and Polkadot integration.
As the “world’s first Decentralized Knowledge Graph️,” what could be the future for its native token TRAC? Think about organizing, discovering, and verifying anything – from physical to digital assets like supply chain items to Art, Diplomas, Certificates, NFTs, DeFi, etc.
Today’s OriginTrail price is $0.177849 with a 24-hour trading volume of $616,506. OriginTrail is up 0.70% in the last 24 hours. The current CoinMarketCap ranking is #313, with a live market cap of $65,000,517. It has a circulating supply of 365,481,590 TRAC coins and a max. supply of 500,000,000 TRAC coins.
Also Read: OriginTrail price analysis: TRAC breaks above $3, retracement ahead?
What’s 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 founding team of the blockchain noted a fundamental problem facing the supply chain. For instance, there are hundreds of objects, equipment, or furniture in your house or workplace.
You might have no idea where most of them came from, which profoundly reflects the problems ailing the traditional supply chain. The role of OriginTrail is to provide a working solution for creating transparency across supply chains and logistics.
Other benefits associated with the blockchain include optimized efficiencies, automated compliance, accountability, and quality assurance.
What’s TRAC?
TRAC or Trace token is the currency used to facilitate trade between supply chain data producers, consumers, and OriginTrail node owners.
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.
The token system provides an incentive to continue operating full nodes even if their daily reward is minimal compared to the capital invested.
OriginTrail Software
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.
This piece of the network reward flow provides an incentive for new and existing node operators to join the p2p network, increasing security and stability.
TRAC Price History
OriginTrail closed the final two weeks of 2021’s December among the top six gainers alongside DOGE DFI.Money, QuickSwap, Wrapped Luna, and Tezos. While 2021 was an excellent year for the $TRAC token, we anticipate a bullish first quarter in 2022.
Observers of the space noted near triple-digit gains in TRAC, XYO, and MKR, which intimates an altcoin season is soon to boom. Gaming tokens, supply chain-related projects, and decentralized finance (DeFi) protocols have been posted double and triple-digit gains since 3 November, with TRAC, the native token of OriginTrail, on top.
Some traders looking to rack up their Bitcoin holdings cannot be bothered to follow an altcoins’ price dynamics against the dollar. BTC slumps like the recent one can be seen as a profit opportunity.
The tendency would be for the altcoins to be pulled with BTC, but for some reasons unknown, some are on a different track – to the moon! What coins are likely to perform well when BTC is on its way down? Let’s see the advantage of the contrary movement of TRAC.
How TRAC Works
With the OriginTrail blockchain, you could discover, manage and store supply chain valuable information in tracking or validating art, accessories, diplomas, and certifications.
OriginTrail is packaged as an ecosystem based on token economics. The network treats users as its community and eliminates all arbitrary fees on network nodes. When users contribute their resources or effort to the ecosystem, they are betting on more trust, transparency, and collaboration.
The blockchain aims to resolve the following challenges that have been ailing the supply chain for the last half a decade. These challenges inhibit data collection and sharing in the distribution process.
- First of all, data is fragmented, making it hard for the supply chain to use the data due to low data interoperability. Thereby posing a complex technical problem for IT service providers on the supply chain.
- Second, the supply chain lacks an effective decentralized solution. The few decentralized solutions for this industry are not highly scalable; they face performance issues and are cost-intensive. Finally, making them functional is still impeded by problems in relational data functionalities.
The OriginTrail ecosystem is powered by data exchange and supply chain management tokenization. The system comprises a network of nodes, all utilizing full OriginTrail software clients.
Users of the protocol want to share supply chain data; therefore, OriginTrail’s demand is met by the supply of data producers and consumers that wish to do so via the protocol (supply chain data producers and consumers).
OriginTrail Technical Analysis
OriginTrail is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 247 days, since Jan 21, 2022. Trac is currently trading in a close range below the $0.1774 resistance level. A breakout of this resistance level could trigger a move towards the $0.1800 psychological level. The Relative Strength Index (RSI) on the daily chart is currently trading at 44.00, which signals that the market is in neutral territory. However, if the RSI breaks above 50.00, it could signal a move higher in prices. The MACD on the daily chart is currently bearish as the MACD line (blue line) is below the signal line (red line). A crossover of the MACD line above the signal line could trigger a move higher in prices.
Overall, the technical indicators are signaling a neutral to a bearish outlook for the OriginTrail market. The Bollinger bands on the weekly chart are signaling a squeeze in prices, which could lead to a breakout in either direction. A breakout to the upside could take prices towards the $0.1700 and $0.1800 levels while a break to the downside could send prices towards the $0.1600 level.
The Fibonacci retracement levels on the weekly chart show that a move towards the $0.1700 and $0.1800 levels is possible if prices break out above the $0.1774 resistance level. However, if prices break down below the $0.1650 support level, a move towards the $0.1600 level is possible.
TRAC Price Prediction by Cryptopolitan
TRAC Price Prediction 2022
Our TRAC price prediction 2022 is an average price of $0.21 and TRAC is expected to record little price gains for the remainder of the year. We anticipate an average price of $0.21, a maximum price of $0.22, and a minimum market value of $0.20.This is a modest forecast compared to other digital assets.
TRAC Price Prediction 2023
Our TRAC price prediction 2023 is expected to be bullish and is forecast to go up to an average price value of $0.30 by December 2023. The cryptocurrency might rise to as high as $0.35 in 2023 but is expected to fall to a minimum market value of $0.29.
TRAC Price Prediction 2024
Our TRAC price prediction 2024 is expected to be another bullish year for TRAC as the price is forecast to reach an average trading price of $0.44 by December 2024. The cryptocurrency might rise to as high as $0.50 in 2024 and might retrace to a minimum price level of $0.43.
TRAC Price Prediction 2025
Our TRAC price prediction 2025, ATOM will have an average price of $0.66 and a minimum value of $0.64. The expected maximum price level is $0.76. A continuous influx of new projects into the Trac ecosystem could massively boost the price of Trac in the future.
TRAC Price Prediction 2026
Our TRAC price prediction 2026 is expected to be bullish for TRAC as the price is forecast to go up to an average price value of $0.96 by December 2026. The cryptocurrency might rise to as high as $1.12 in 2026 but is expected to fall to a minimum market value of $0.93.
TRAC Price Prediction 2027
Our TRAC price prediction 2027 a maximum of $1.64 with an average price of $1.43 and a minimum price level of $1.38.The long-term outlook is bullish as the prices have been making higher highs and higher lows for the last few months.
TRAC Price Prediction 2028
Our TRAC price prediction 2028 suggests that the TRAC price might reach a maximum of $2.33 with an average price of $1.98 and a minimum price level of $1.91.
TRAC Price Prediction 2029
Our TRAC price prediction 2029 anticipates an average market price of $2.97. If there are significant updates to the Origintrail network, it will create a better developer experience, which could cause a rise in the adoption levels of Trac. Trac could potentially attain a minimum price of $2.79 before climbing to a maximum trading price of $3.34.
TRAC Price Prediction 2030
Our TRAC price prediction 2030 is a maximum value of $4.88 with an average price of $4.38 and a minimum price level of $4.27. The long-term outlook for TRAC is bullish as the prices have been following an uptrend since their all-time low in January 2022.
TRAC Price Prediction 2031
Our TRAC price prediction 2031 suggests that OriginTrail price rise might follow in 2031 and could potentially reach a maximum of $7.46, with an average price of $6.43 and a minimum price level of $6.21. The long-term outlook for TRAC is bullish as Trac is anticipated to receive mass adoption in the coming years.
TRAC Price Prediction by Digital Coin Price
Digital Coin Price is one of the websites that has given modest TRAC price predictions. They have a team of analysts that research the cryptocurrency market extensively to provide quality information to their readers. According to their website, the Trac is estimated to climb to a maximum price of $0.22 by the end of 2022, and then in 2023, it might rise to a maximum of $0.38.
The long-term outlook for TRAC is bullish as they believe that the cryptocurrency will be widely adopted in the coming years and in the next 5 years, they project TRAC will be trading at an average forecast price of $0.88 and then could potentially climb to a maximum price value of $0.92.Later on in 2030 TrRAC is estimated to attain a minimum price value of $2.43, an average price$2.47 before climbing to a maximum value of $2.51.
TRAC Price Prediction by Wallet Investor
Wallet Investor is bearish on OriginTrail’s future price and they term it as a bad long-term investment. According to their website, OriginTrail is projected to fall to a minimum price of $0.0179 which represents a decline of about 89 percent. The website does not give any specific price for the next five years but they expect the digital asset to get devalued in the future. Their price predictions are based on the technical analysis of TRAC’s past price movements.
The long-term outlook for TRAC is bearish as Wallet Investor believes that the cryptocurrency will not be able to sustain its current price levels in the long run.
TRAC Price Prediction by Technewsleader
According to Technewsleader predictions, OriginTrail price increase is expected in the future as the whole crypto world is moving to a new level. They have given a price target of $0.59 for 2022 and $1.25 for 2025 which is very optimistic as compared to other websites.
The long-term outlook for TRAC is bullish as Technewsleader predicts that the cryptocurrency will be widely adopted in the coming years and will reach a new all-time of $2.79 by December 2027 and might potentially attain a maximum price of $8.57.
TRAC Price Predictions by Market Experts
Based on the predictions made by Noel Reed on Youtube, OriginTrail is a crypto that one should consider buying in 2022 as he expects the digital asset to attain a price of $0.59 by the end of that year. Noel is positive about OriginTrail’s future as he believes that it has good fundamentals and a passionate team working on its development.
Official Cryptowatch Youtube channel goes through the Origintrail technical analysis and suggests it could easily go up 10 times this year.
Conclusion
OriginTrail has been on a downward trend this year, a market sentiment that has been shared by many altcoins as many investors opted for less volatile investments. OriginTrail is expected to begin recovering in 2023 and because it has utility it should remain relevant into the future. Future partnerships will play an integral role in the growth of Origintrail. This is because these partnerships will enable the growth of OriginTrail’s knowledge data graph.
The crypto market is highly volatile and predicting prices is a difficult task. However, based on the analysis of OriginTrail’s past price movements and the predictions made by different websites, it can be concluded that the long-term outlook for TRAC is bullish as the prices are expected to increase in the future. Many factors such as mass adoption, positive developments, and partnerships are expected to drive the prices up.
In the long-term, TRAC is a good investment as the prices are expected to grow steadily in the next few years. TRAC price predictions for the year 2031 is bullish as the prices are expected to reach a new all-time high. The maximum price expected is $7.46 with an average price of $6.43 and a minimum price level of $6.21.
Will OriginTrail price rise? Yes, according to analysts but this is not investment advice. Do your own research before investing.
from Price Prediction – Cryptopolitan https://ift.tt/kzgLVD7
Comments
Post a Comment