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 $0.314542 with a 24-hour trading volume of $1,077,319. OriginTrail is down 0.08% in the last 24 hours. The current CoinMarketCap ranking is #193, with a live market cap of $114,850,428 USD. It has a circulating supply of 365,135,099 TRAC coins and a max. supply of 500,000,000 TRAC coins.
What’s OriginTrail?
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).
TRAC Technical Analysis
Trac had been on a downward trend from February until 21st March when it experienced a lot of buying pressure which sent the price as high as $0.9488 in overbought territory. Trac prices reversed after this move and have not recovered. The William Alligator trend lines suggest the downward pressure could be slowing down. The MACD histogram is short due to low market activity and the 14-day relative strength indicator shows no sign of price reversal.
TRAC Price Predictions 2022 – 2030
Walletinvestor
Trac’s historical data index rates ‘A+’ and would make an ‘awesome’ long term investment according to Wallet Investor. Trac average trading price will range between $0.317 and $ 0.275 in the coming two weeks. It will reach a maximum price of $0.350 and a minimum price of $0.219.Trac one year ROI will be 120.1% to a future price of $0.673. Trac ROI in 2024 will be 244.2%, 2025 will be 366.6%, 2026 will be 488.1% and 2027 will be 606.2%. Based on data from the last 30 days Trac is extremely bearish.
TradingBeasts
Trading beasts analyze the past performance of the cryptocurrency market to provide a price prognosis. Trac prices will fall in the second half of 2022 after rising to $0.4902 in July. It will trade at $0.474 in December. The price will continue dropping into 2023 until July at $0.386 then it will rise to $0.4984 in December. The year 2024 will be bullish and will open at $0.5716 in January and close at $0.5713 in December. The year 2025 will be bullish and will open at $0.5838 in January and close at $0.6984 in December.
DigitalCoinPrice
Trac has been on a downward trend this year and only had some good performance in April. Origintrail’s price will rise to $0.45 in July and reach a minimum price of $0.41 for the rest of the year. Trac will experience tremendous growth for the entire period between 2023 and 2031. In 2025 Trac will trade at an average price of $60, and reach a maximum price level of $0.66 and a minimum price level of $0.53. In 2030 Trac will trade at an average price of $1.40, and reach an expected maximum value of $1.47 and a minimum value of $1.35.
Cryptopolitan
TRAC Price Prediction 2022
OriginTrail price prediction for 2022 is $0.30. Trac has had a difficult time this year. After a slight improvement in April, the Luna news sent the altcoin tumbling. It is however expected that the coin will begin recovering and make up for its losses from 2023.
TRAC Price Prediction 2023
TRAC’s price for 2023 is $0.43. OriginTrail is currently working on the Turing phase for their Digital Knowledge Graph (DKG) V.6. The update will increase the DKG to web 3 assets such as NFTs and Universal Asset Locators. This will enable users to discover, track and protect assets. Originatrail forecast shows it will trade between a maximum price of $0.50 and a minimum price of $0.42.
TRAC Price Prediction 2024
TRAC’s price for 2024 is $0.62. From the Turing phase, the dev team will move to the Metcalfe phase. The phase will empower network connections in the decentralized network across blockchains. The move is anticipated to bring in billions of assets to the Origintrail DKG. Originatrail forecast shows it will trade between a maximum price of $0.73 and a minimum price of $0.60.
TRAC Price Prediction 2025
TRAC’s price for 2025 is $0.89. After successful implementation of the Metclafe, the team will proceed to the Bernes lee phase inspired by the founder of the world wide web. This will target over 1 billion assets and integrate the DKG into web 3 and metaverse. Originatrail forecast shows it will trade between a maximum price of $1.01 and a minimum price of $0.86.
TRAC Price Prediction 2026
TRAC’s price for 2026 is $1.30. OriginTrail cryptocurrency has use cases in the pharmaceutical industry, travel safety, certification, and enterprise infrastructure. This is anticipated to expand into the digital world in the future and impact its market capitalization. OriginTrail coin forecast price will reach a maximum trading price of $1.53 and a minimum trading price of $1.26.
TRAC Price Prediction 2027
TRAC’s price for 2027 is $1.93. OriginTrail is an open-source software meaning devs and businesses can easily integrate into the platform using Origintrail SDKs to market their products, and their businesses or leverage the robustness of the Origintrail multi-chain network. OriginTrail cryptocurrency’s average price will range from $2.16 and $1.88 for the year.
TRAC Price Prediction 2028
TRAC’s price for 2028 is $2.81. The transition into Web 3.0 will revolutionize how enterprises conduct business and how finances are transacted and verified. With use cases in food and apparel traceability, the list is deemed to get longer as businesses adopt blockchain technology. The average forecast price will register its highest price at $3.26 and lowest price at $2.73.
TRAC Price Prediction 2029
TRAC’s price for 2029 is $4.20. OriginTrail performance will be extremely high compared to other digital coins in the crypto world due to its scalability and use cases. It will reach and pass its all-time high of $3.87 set on 2nd November 2021 during this period. OriginTrail price forecasts show it will trade between $4.74 and $4.06 for the year.
TRAC Price Prediction 2030
TRAC’s price for 2030 is $5.98. Trac is a profitable investment option for the long term. This will in part be enabled by the partnerships that will help the network grow its data knowledge graph. Bad news and market crashes could however affect its market cap and bring it down to its knees. OriginTrail will reach a maximum price level of $7.15 and a minimum price level of $5.77 for the period.
TRAC Price Predictions by Industry Influencers
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.
Will OriginTrail price rise? Yes, according to analysts but this is not investment advice. Do your own research before investing.
FAQS about TRAC
Is OriginTrail TRAC a good Investment?
Yes, Origintrail is expected to start recovering in 2023.
Where can I buy OriginTrail?
You can buy Origintrail TRAC at Huobi global, Uniswap and Coinbase.
Will the price of OriginTrail hit $1?
OriginTrail TRAC will reach $1 in 2025.
What will be TRAC’s price 5 years from now?
OriginTrail TRAC will be $1.93 in 5 years.
What will be the price 10 years from now?
OriginTrail TRAC will be $9.5 in 102 years.
Source: https://www.cryptopolitan.com/trac-price-prediction/