The OriginTrail (TRAC) is a revolutionary blockchain-based ecosystem that connects the physical and digital worlds to create a transparent, secure, and efficient global supply chain. With its innovative technology, TRAC aims to revolutionize the way data is shared, stored, and utilized in various industries such as supply chain management, agriculture, and more.
The OriginTrail network has made significant strides in recent years, garnering attention from investors and enthusiasts alike. This comprehensive analysis of the OriginTrail price prediction aims to provide an in-depth look at TRAC crypto price forecasts, examining various factors and indicators to help make informed investment decisions.
This article covers the project’s background, TRAC Coin Price Prediction, its unique features, market performance, and future prospects, while also delving into the tools and techniques used by traders to predict TRAC price movements.
Key Features: What Makes OriginTrail Unique?
OriginTrail is unique in the way it combines blockchain technology with knowledge graph technology to create a Decentralized Knowledge Graph (DKG) that enables trusted data exchange across different systems and organizations. The DKG leverages distributed ledger technology (DLT) to ensure data integrity, provenance, and immutability. It aims to enable four key features: interoperability, interconnectivity, integrity, and incentivization.
The protocol is blockchain-agnostic, meaning it can work with any blockchain platform that supports smart contracts. Some of the use cases that demonstrate OriginTrail’s value and potential for different industries and domains include:
- Ensuring the integrity of security audits for some of the largest US importers
- Transforming the European food certification market through transparent and traceable data sharing
- Providing end-to-end traceability of wine production from grape to bottle
TRAC Price Statistics (As of May 21, 2023)
| OriginTrail Price Today | |
|---|---|
| OriginTrail Price | $0.269144 |
| 24h Low / 24h High | $0.266134 / $0.281779 |
| 7d Low / 7d High | $0.266134 / $0.281779 |
| Trading Volume | $1,108,631 |
| Market Cap Rank | #263 |
| Market Cap | $102,875,771 |
| Market Cap Dominance | 0.009% |
| Volume / Market Cap | 0.0108 |
| All-Time High | $3.50 -92.33% Nov 03, 2021 (over 1 year) |
| All-Time Low | $0.00385262 6,876.07% Mar 13, 2020 (about 3 years) |
| Circulating Supply | 382,798,499 TRAC |
| Total Supply | 500,000,000 TRAC |
| Max Supply | 500,000,000 TRAC |
source: coingecko
What is OriginTrail?
OriginTrail is a decentralized, blockchain-based platform that aims to improve supply chain transparency and trust by connecting the physical and digital world through its Decentralized Knowledge Graph (DKG).
The project was founded by Tomaž Levak, Žiga Drev, and Branimir Rakić in 2017, and has since expanded its scope to include various industries such as DeFi, IoT, and the Metaverse. OriginTrail’s native token, TRAC, plays a crucial role in the network by facilitating data exchange and providing incentives for node operators.
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Market Performance: TRAC Price and Market Cap
To understand the potential Origintrail price prediction, it’s essential to examine the historical price movements and market capitalization of TRAC. As of now, TRAC has a circulating supply of 380 million tokens and a market cap of around 102 million The token has experienced significant fluctuations in price over the years, reaching an all-time high of 3.50 in November 2021 and an all-time low of $0.003852 in March 2020.
Price Prediction Indicators: Tools Used by Traders
Traders use a range of indicators to predict the future price movements of TRAC, including:
- Moving Averages (SMA and EMA): A popular tool for identifying support and resistance levels, moving averages help determine the overall trend of the market. Commonly used moving averages include the 50-day, 100-day, and 200-day.
- RSI (Relative Strength Index): This momentum indicator measures the speed and change of price movements, helping traders identify overbought and oversold conditions in the market.
- Fibonacci Retracement Levels: By analyzing historical price data, traders can identify key support and resistance levels, which can help predict potential reversals or price targets.
Reading OriginTrail Charts and Predicting Price Movements
Candlestick Charts
Traders widely use candlestick charts as they provide more information than a simple line chart. These charts offer detailed insights into TRAC’s price action, allowing traders to make informed decisions. Candlestick patterns help traders identify bullish and bearish market signals and potential trend reversals.
Support and Resistance Levels
Identifying support and resistance levels is crucial for predicting the future direction of TRAC prices. These levels indicate the points at which an uptrend is likely to stall or a downtrend is likely to slow down. By analyzing these levels, traders can make well-informed decisions regarding their investment strategies.
Factors Affecting the Price of OriginTrail
The price of TRAC is influenced by several factors, including:
- Protocol Updates and Events: Significant protocol updates, hard forks, and block reward halvings can all impact the price of TRAC. These events can lead to increased investor interest and market volatility.
- Regulatory Changes and Adoption: Regulatory changes, as well as the adoption of TRAC by companies and governments, can significantly influence the price of cryptocurrency. Positive developments in this area can lead to increased demand and a higher TRAC price.
- Market Capitalization: The market capitalization of OriginTrail can change significantly in a short period, affecting the price of TRAC. Larger market capitalization often leads to increased investor interest and price stability.
- TRAC “Whales”: Large TRAC holders, or “whales,” can have a significant impact on the price of the cryptocurrency. Their actions can lead to substantial price fluctuations in the market.
Bullish and Bearish Price Prediction Patterns
Traders often look for specific candlestick patterns when predicting price movements. These patterns can be classified as bullish, indicating potential price increases, or bearish, signaling potential price decreases.
Bullish Patterns:
- Hammer
- Bullish Engulfing
- Piercing Line
- Morning Star
- Three White Soldiers
Bearish Patterns:
- Bearish Harami
- Dark Cloud Cover
- Evening Star
- Shooting Star
- Hanging Man
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OriginTrail Price Prediction 2023-2030
- TRAC Coin Price Prediction 2023: The year 2023 could see the TRAC price hovering around 0.45 – 0.55, given the increasing adoption of blockchain technology in supply chain management and the potential partnerships OriginTrail could form.
- TRAC Coin Price Prediction 2024: By 2024, the TRAC price could rise to 0.60 – 0.75, as more industries and businesses recognize the benefits of utilizing OriginTrail’s decentralized network for data sharing and transparency.
- TRAC Coin Price Prediction 2025: In 2025, the TRAC price could reach 0.80 – 1.00, considering the expected growth of the blockchain industry and the increasing number of use cases for OriginTrail’s technology.
- OriginTrail Price Forecast 2026: By 2026, TRAC could be trading between 1.10 – 1.30, as the platform continues to expand its reach and adoption across various industries.
- TRAC Coin Price Forecast 2027: In 2027, the TRAC price may rise to 1.40 – 1.60, with more businesses integrating OriginTrail’s solutions into their supply chain management processes.
- TRAC Crypto Price Prediction 2028: As we approach 2028, the TRAC price could reach 1.60 – 1.85, driven by increased adoption in the supply chain industry and the overall growth of the blockchain sector.
- OriginTrail Price Prediction 2029: By 2029, the TRAC price could be trading between 1.90 – 2.10, as more industries and sectors recognize the benefits of utilizing a decentralized network for data sharing.
- Trac Coin Price Prediction 2030: In 2030, the TRAC price may hit the 2.20 – 2.50 range, as OriginTrail continues to establish itself as a leading solution provider for supply chain data sharing and transparency.
TRAC Coin Price Prediction Table 2023-2030
| Year | TRAC Price Range |
|---|---|
| 2023 | $0.45 – $0.55 |
| 2024 | $0.60 – $0.75 |
| 2025 | $0.80 – $1.00 |
| 2026 | $1.10 – $1.30 |
| 2027 | $1.40 – $1.60 |
| 2028 | $1.60 – $1.85 |
| 2029 | $1.90 – $2.10 |
| 2030 | $2.20 – $2.50 |
*Please note that the values provided are hypothetical and do not represent actual predictions or financial advice. The cryptocurrency market is highly volatile, and the prices can be influenced by various factors. It’s always important to conduct thorough research and consider multiple perspectives before making any investment decisions.
Long-Term TRAC Price Predictions 2031-2050
While it’s difficult to predict the long-term future of any cryptocurrency, we can attempt to forecast the TRAC price based on expected market trends, technological advancements, and potential use cases for OriginTrail’s technology.
- TRAC Coin Price Prediction 2031-2040: Between 2031 and 2040, we could see the TRAC price reaching 3.00 – 5.00, as the platform becomes a major player in the supply chain industry. The increasing adoption of blockchain technology across various industries could further add to TRAC’s value.
- OriginTrail Price Prediction 2041-2050: In the period from 2041 to 2050, the TRAC price could potentially soar to 6.00 – 10.00, driven by its continued growth and widespread adoption in the global supply chain industry.
Optimistic Price Prediction Table
| Year | TRAC Price Range |
|---|---|
| 2031 – 2040 | $3.00 – $5.00 |
| 2041 – 2050 | $6.00 – $10.00 |
*Please note that the values provided are speculative and for illustrative purposes only. The cryptocurrency market is highly volatile, and the future performance of any cryptocurrency, including TRAC, is uncertain. It’s important to conduct thorough research and consider multiple factors before making any investment decisions.
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Expert Opinions on OriginTrail Price Prediction
While our price predictions are based on market analysis and historical trends, it’s important to consider expert opinions as well. Some experts believe that the TRAC price has the potential to grow significantly, given the increasing demand for blockchain-based supply chain solutions.
On the other hand, some experts caution that the TRAC price is subject to market volatility, competition, and regulatory uncertainty, which can impact its growth potential.
Risks of Investing in TRAC
As with any investment, there are risks associated with investing in TRAC, including:
- Market volatility: TRAC’s price is subject to fluctuations, which can result in both gains and losses for investors.
- Competition: The success of OriginTrail and the TRAC token depends on its ability to outperform competing projects in the supply chain industry.
- Regulatory uncertainty: Changes in cryptocurrency regulations can impact the TRAC price and its growth potential.
It’s crucial to conduct thorough research and consider these risks before investing in TRAC or any other cryptocurrency.
Trading Platforms: Where to Buy and Trade OriginTrail
TRAC tokens can be bought and traded on various centralized and decentralized exchanges, including Uniswap V3 (Ethereum), KuCoin, and Coinbase Exchange. These platforms offer a range of trading pairs and liquidity, making them popular choices for TRAC investors.
How to Buy OriginTrail (TRAC) Tokens
To buy TRAC tokens, follow these steps:
- Choose a reliable cryptocurrency exchange that supports TRAC trading, such as Binance, KuCoin, or Uniswap.
- Create an account on the chosen exchange and complete the necessary identity verification steps.
- Deposit funds into your account, either using a supported cryptocurrency or fiat currency.
- Search for the TRAC trading pair (e.g., TRAC/BTC or TRAC/ETH) and execute a buy order at your desired price.
- Once your order is filled, store your TRAC tokens in a secure wallet.
Integrating OriginTrail with MetaMask
Adding TRAC to MetaMask allows users to manage their holdings, trade on decentralized exchanges, and interact with OriginTrail’s ecosystem. To add TRAC to MetaMask, users can import the token using its contract address (0xaa7a9ca87d3694b5755f213b5d04094b8d0f0a6f) or use the one-click integration available on CoinGecko.
Final Thoughts on OriginTrail Price Prediction
While predicting the future price of TRAC with absolute certainty is impossible, a thorough understanding of the OriginTrail ecosystem, market indicators, and technical analysis tools can help investors make informed decisions. As the project continues to develop and expand its reach across various industries, the potential for growth in TRAC’s value remains an exciting prospect for traders and investors alike.
Please note that this article is for informational purposes only and should not be considered financial advice. Always conduct your research and consult with a professional before making investment decisions.
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FAQs: OriginTrail Price Prediction
What is OriginTrail’s main goal?
OriginTrail aims to enhance supply chain transparency, trust, and efficiency using blockchain technology.
What is the TRAC token used for?
TRAC is used to facilitate data exchange on the OriginTrail Decentralized Network and to reward node operators.
Is OriginTrail a good investment?
While OriginTrail has potential, it’s essential to weigh the risks and conduct thorough research before investing.
Can TRAC reach $1 by 2025?
Based on our price predictions, TRAC has the potential to reach $1 by 2025.
What factors influence TRAC’s price?
TRAC’s price is influenced by adoption, partnerships, market sentiment, competition, and regulations.
What is the total supply of TRAC tokens?
The total supply of TRAC tokens is 500 million.
What is the circulating supply of TRAC tokens?
The circulating supply of TRAC tokens is approximately 393.6 million.
Where can I buy TRAC tokens?
TRAC tokens can be bought on cryptocurrency exchanges like Binance, KuCoin, and Uniswap.
What are the risks of investing in TRAC?
Investing in TRAC carries risks such as market volatility, competition, and regulatory uncertainty.
What industries can benefit from OriginTrail’s technology?
Industries like food and beverage, pharmaceuticals, and logistics can benefit from OriginTrail’s solutions.
Who are OriginTrail’s competitors?
OriginTrail faces competition from other blockchain-based supply chains projects like VeChain and Ambrosus.
Is TRAC an ERC-20 token?
Yes, TRAC is an ERC-20 token built on the Ethereum blockchain.
Can I stake TRAC tokens?
Yes, you can stake TRAC tokens by running a node on the OriginTrail Decentralized Network.
What is the OriginTrail Decentralized Network (ODN)?
The ODN is a decentralized network that enables secure and transparent data sharing between supply chain participants.
What is the long-term potential of TRAC?
Based on our price predictions, TRAC has the potential to reach 6.00 – 10.00 by 2050, given its continued growth and adoption in the supply chain industry.
What is the current TRAC price?
The current TRAC price is 0.269098, with a 24-hour trading volume of 1,118,729. This represents a 1.10% price increase in the last 24 hours and a -8.80% price decline in the past 7 days.
How does TRAC price compare to other cryptocurrencies?
The TRAC price performance is influenced by several factors, including market sentiment, the overall cryptocurrency market performance, and the utility of the TRAC token itself. Comparatively, TRAC has seen fluctuations in its price and market cap, ranking it among the top cryptocurrencies in the Ethereum ecosystem.
What is the circulating supply of TRAC tokens?
The circulating supply of TRAC tokens is 380 million, out of a total supply of 500 million tokens.
What is the market cap of OriginTrail?
The market cap of OriginTrail (TRAC) is currently over $103 million, ranking it among the top cryptocurrencies in the market.
What is the fully diluted valuation of OriginTrail?
The fully diluted valuation (FDV) of OriginTrail (TRAC) is $134,503,129, assuming the maximum number of 500 million TRAC tokens are in circulation.
How has the TRAC price performed over time?
The TRAC price has experienced significant fluctuations over time, with an all-time high of 3.50 and an all-time low of 0.003852618669.
What factors influence the trac price?
The trac price is influenced by several factors, including market sentiment, the overall performance of the cryptocurrency market, and the utility and adoption of the TRAC token in various industries.
How is OriginTrail different from other blockchain projects?
OriginTrail combines blockchain technology with knowledge graph technology to create a Decentralized Knowledge Graph (DKG) that enables trusted data exchange across different systems and organizations. This unique approach sets it apart from other blockchain projects.
What industries can benefit from OriginTrail?
OriginTrail has the potential to benefit various industries, including supply chain management, agriculture, healthcare, art, fashion, education, and more.
How can I buy and trade TRAC tokens?
TRAC tokens can be bought and traded on several cryptocurrency exchanges, including Coinbase Exchange, KuCoin, and Bancor.
What is the OriginTrail Parachain Token (OTP)?
The OriginTrail Parachain Token (OTP) is a new token that will be used as a gas and governance token of the OriginTrail Parachain.
How does OriginTrail ensure data security and privacy?
OriginTrail secures its data-sharing protocol using cryptographic proofs and signatures, zero-knowledge proofs, a decentralized network of nodes, and multi-chain interoperability.
What is the role of TRAC tokens in the OriginTrail ecosystem?
TRAC tokens are used as a payment method for data exchange services on the OriginTrail network, and users need to pay TRAC to node runners who provide storage and computation resources.
How does OriginTrail work with Polkadot?
OriginTrail is working with Polkadot to create a Parachain that will enable OriginTrail’s Decentralized Knowledge Graph to interoperate with other blockchains and applications on the Polkadot network.
Can I store TRAC tokens in MetaMask?
Yes, you can store TRAC tokens in MetaMask by adding them as a custom token using the contract address: 0xaa7a9ca87d3694b5755f213b5d04094b8d0f0a6f.
As the OriginTrail ecosystem continues to grow and develop, the trac price and its adoption in various industries are expected to gain momentum. With its innovative technology, the platform has the potential to revolutionize the way data is shared, stored, and utilized, making it an essential player in the global economy.
