TrueFi (TRU) Price Prediction 2023-2030: Will TRU Price Hit $0.6 Soon?

• Bullish TrueFi (TRU) price prediction ranges from $0.21 to $0.6.
• Analysis suggests that the TRU price might reach above $0.6 soon.
• The TRU bearish market price prediction for 2023 is $0.21.

What is TrueFi (TRU)?

TrueFi is revolutionizing the decentralized finance (DeFi) sector by providing uncollateralized lending to cryptocurrency borrowers. Unlike other platforms, TrueFi’s protocol enables borrowers to access credit without any collateral, which offers lenders an attractive and sustainable return. TrueFi uses an automated, market-driven credit rating system that allows users to exit any loan with no lock-in period, offers competitive returns, and assures loans through its Secure Assets Funds for Users (SAFU) fund and staking mechanism.

To ensure transparency, borrowers undergo a rigorous due diligence process, receive community approval, and sign a legally binding loan agreement. TrueFi’s stakeholders, including lenders, borrowers, and stakers, have control over the platform, approve new borrowers, and play a vital role in important treasury and partnership decisions. The native governance token of the platform, TRU, enables users to earn staking rewards, govern the protocol, and assure TrueFi against misses.

TrueFi is bridging the gap between borrowers and lenders in DeFi by providing a decentralized, transparent, and efficient platform. With its unique approach to uncollateralized lending, TrueFi is poised to change the landscape of DeFi by creating an ecosystem that benefits all stakeholders. TrueFi’s progressive decentralization method ensures that the platform evolves in stages, offering users maximum transparency, default protection, and a sustainable rate of return.

TrueFi (TRU) Current Market Status

According to CoinMarketCap, TrueFi (TRU) is hovering over $0.08664 at the time of writing, with a total of 1,198,450,773 TRU in circulation. TRU has a 24-hour trading volume of $67,100,372, with an 8.81% decrease. And during the past 24 hours, the price of TRU decreased by 17.84%. 

The most popular exchanges to trade TrueFi (TRU) are Binance, Coinbase, Kucoin, Uniswap, and SushiSwap. Let’s continue with our TRU price research for 2023.

TrueFi (TRU) Price Analysis 2023

By market capitalization, TRU ranks 266th on CoinMarketCap’s list of the biggest cryptocurrencies. Will TrueFi’s most recent improvements, additions, and modifications help the TRU price rise? First, let’s focus on the charts in this article’s TRU price forecast.

TrueFi (TRU) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the help of the Keltner Channel. TrueFi (TRU) price can be predicted using the Keltner Channel indications for TRU/USDT. The price is in the first half of the channel, meaning people are buying TRU rather than selling. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

TrueFi (TRU) Price Analysis – Relative Strength Index

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI.

In contrast, the RSI tends to linger at lower levels. The Relative Strength Index (RSI) is at the level of 52.98, indicating that sooner or later, it will reach the RSI level of 70 and is expected for a few price retracements soon.

TrueFi (TRU) Price Analysis – Moving Average

Above is a 1-Hour TrueFi (TRU) 200-day and 50-day Moving Averages (MAs) chart. The chart provides that TRU is trading above both the 200-day and 50-day moving averages meaning that the market is entirely bullish.

Although there is a golden cross forming because the big major cryptos are falling, the coin is still showing a bearish scenario. However, the retracements are the good times when the investors and traders want to take participation for a better risk-to-reward ratio. 

TrueFi (TRU) Price Prediction 2023

Looking at the hourly chart of TRU/USDT, TRU already broke out of the 200-day moving average and rose higher. If TRU is able to break its current resistance, it can go as high as $0.36.

Meanwhile, our long-term TRU price prediction for 2023 is bullish if it cannot break the support level. We can expect TRU to reach $0.5 this year.

TrueFi (TRU) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect TRU to trade at a price not below $1.1 by the end of 2024.

TrueFi (TRU) Price Prediction 2025

We should expect the price of TRU to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, TRU could end 2025 by trading at around $1.8.

TrueFi (TRU) Price Prediction 2026

Since the maximum supply of TRU is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of TRU could break the usual trend and trade at $2.5 by the end of 2026.

TrueFi (TRU) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of TRU could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, TRU could trade at $3.6 by the end of 2027.

TrueFi (TRU) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. TrueFi (TRU) could hit $4.9 by the end of 2028. 

TrueFi (TRU) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of TRU to $6.8 by the end of 2029.

TrueFi (TRU)  Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of TrueFi (TRU) to trade at around $8.5 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

TrueFi (TRU) Price Prediction 2040

According to our long-term TRU price estimate, TRU prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $20 by 2040. If the market turns bullish, the price of TRU could go up beyond what we predicted for 2040.

TrueFi (TRU) Price Prediction 2050

According to our TRU forecast, the average price of TRU in 2050 might be above $45. If more investors are drawn to TRU between these years, the price of TRU in 2050 could be far higher than our projection.

Conclusion

TRU might reach $4 in 2023 and $35.5 by 2030 if investors decide that TRU is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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