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 $0.187486 with a 24-hour trading volume of $700,576. OriginTrail is up 4.62% in the last 24 hours. The current CoinMarketCap ranking is #296, with a live market cap of $68,473,338. It has a circulating supply of 365,217,722 TRAC coins and a max. supply of 500,000,000 TRAC coins.
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.
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.
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).
TRAC Technical Analysis
Trac price movement over the last one month has declined from a high of $0.34 to the current price of $0.179. The prices have been making lower lows for the last two weeks, and this week the price has found some support at $0.17 levels. The technical indicators are giving mixed signals, with RSI in the oversold region and the MACD line crossing below the signal line. The prices have tested the $0.17 support level thrice in the last two weeks and have not been able to break it convincingly.
This might indicate that the prices have found some support at this level. The $0.17 level is also the 61.8% Fibonacci retracement level of the recent upmove from $0.15 to $0.34 levels. Hence, we expect the prices to rebound from these levels and move higher in the short term.
On the upside, the prices face resistance at $0.20 and $0.22 levels. Above these levels, the prices can move up to $0.25 levels.
The medium-term trend is bearish as the prices have been making lower highs and lower lows for the last few weeks. The prices have declined below the $0.20 level, which is a key support level. The MACD line has crossed below the signal line, indicating bearish momentum in the prices.
The 200MA on the 4-hour chart is at $0.21 levels and is trending downwards. This indicates that the prices are likely to remain under pressure in the near term. The 50-day MA is at $0.23 levels and is also trending downwards. Overall, the outlook for the prices is bearish in the near term with a possibility of a rebound from the $0.17 support level.
TRAC Price Predictions by Authority Sites
According to TRAC’s historical data and technical analysis, the price of TRAC has been consistently dropping from the all-time high of $3.87 in November 2021 to the current price of $0.1792, an indication of promising long-term opportunities for investors.
Looking at the TRAC’s price predictions for the future, the Wallet Investor believes that in 5 years’ time, the coin’s price could shoot up to $2.16 which is still below its all-time high. The website further predicts that by 2025, TRAC might reach as high as $1.09 by the end of this year.
At Technewsleader, TRAC’s future price predictions for 2027 and 2030 are $1.81 and $12.81 respectively. They also believe by the end of 2022 the prices will reach $0.59.Their predictions are based on past price performance and market analysis.
Price Prediction net
Price Prediction net’s long-term TRAC price predictions for 5 years suggest that by 2027, the prices might reach $2.16. They are of the opinion that the prices will slowly and steadily increase in the next few years and by the end of 2022, the prices might end the year with an average trading price of $0.30.Their long-term outlook is bullish for the TRAC coin and the price is expected to attain a maximum price of $7.15 by December 2031.
TRAC Price Prediction 2022
According to historical data and technical analysis, the price of TRAC is likely to reach a bullish target of $0.33 by the end of 2022. The long-term outlook is positive as the prices have been making higher lows and higher highs for the last few months. The minimum price expected in 2022 is $0.29 while the average price is $0.30.
TRAC Price Prediction 2023
Trac prices in 2023 are expected to gain massively, reaching as high as $0.50 by the end of 2023, according to our deep analyses. The prices might reach an average trading price of $0.43 and with a minimum price of $0.42.
TRAC Price Prediction 2024
TRAC price in the year 2024 is projected to reach a maximum of $0.74 with an average price of $0.62 and a minimum price of $0.60 according to our in-depth research.
TRAC Price Prediction 2025
By 2025, the prices are expected to have recovered from the bearish trend and might reach a maximum price of $1.01 with an average forecast price of $0.85. The minimum price value expected is $0.86.
TRAC Price Prediction 2026
TRAC price forecast for 2026 suggests that the prices might reach a maximum trading price of $1.53 with an average price of $1.30 and a minimum price of $1.26
TRAC Price Prediction 2027
The long-term outlook is bullish as the prices have been making higher highs and higher lows for the last few months. The TRAC prices are expected to reach a maximum of $2.16 with an average price of $1.93 and a minimum price level of $1.88.
TRAC Price Prediction 2028
As per the Origintrail price prediction for 2028, the prices are expected to attain a new all-time high as the trend is bullish in the long term. The maximum price level expected is $3.26 with an average price of $2.81 and a minimum price of $2.73.
TRAC Price Prediction 2029
By 2029, TRAC prices are projected to reach a new all-time high of $4.74 with an average price of $4.0 and a minimum price of $4,06.
TRAC Price Prediction 2030
The prices are expected to continue growing in the year 2030 and might reach a maximum price of $7.15 with an average price of $5.98 and a minimum price of $5.71.
TRAC Price Prediction 2031
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 $10.28 with an average price of $8.45 and a minimum price of $8.21.
TRAC Price Prediction by Industry Influencers
Official Cryptowatch Youtube channel goes through the Origintrail technical analysis and suggests it could easily go up 10 times this year.
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.
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 $10.28 with an average price of $8.45 and a minimum price of $8.21.
Will OriginTrail price rise? Yes, according to analysts but this is not investment advice. Do your own research before investing.