Samstag, November 23, 2024

TRAC price prediction 2024-2030: Is OriginTrail a good investment?


Key takeaways

  • In 2024, the TRAC price prediction shows a maximum of $0.6901 and an average of $0.6388.
  • By 2027, the minimum TRAC price might drop to $1.94, while its maximum is $2.32.
  • The price of TRAC is expected to reach a maximum level of $7.53 in 2030.

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, hundreds of objects, equipment, or furniture exist in your house or workplace.

You might not know where most came from, which profoundly reflects the problems of traditional supply chains. OriginTrail’s role is to provide a working solution for creating transparency across supply chains and logistics.

TRAC, or Trace token, is the currency used to facilitate trade between supply chain data producers, consumers, and OriginTrail node owners.

If you’re considering TRAC for your crypto portfolio, look at our TRAC Price Prediction, which anticipates more positive outcomes from these transformations.

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.

Overview

Cryptocurrency Original Trail
Token TRAC
Price $0.533
Market Cap $210,899,268
Trading Volume $2,732,289
Circulating Supply 406,924,832 TRAC
All-time High $3.50 Nov 03, 2021
All-time Low $0.003853 Mar 13, 2020
24-hour High $0.5422
24-hour Low $0.518

TRAC price prediction: Technical analysis

Metric Value
Volatility 14.13%
50-Day SMA  0.65499
200-Day SMA  0.867426
Sentiment Neutral
Fear & Greed 25 (Extreme Fear)
Green Days 12/30 (40%)

TRAC price analysis: Cryptocurrency devalues to $0.533 low

TL;DR Breakdown

  • Origintrail price analysis shows a downward trend at $0.533.
  • It has lost up to 3.99% from its previous close.
  • Cryptocurrency seeks resistance around the $0.696 boundary.

On August 17, 2024, Origintrail price analysis revealed a downward trend for the cryptocurrency. It dropped to a low of $0.533 after a prolonged period of ascent. The cryptocurrency has lost up to 3.99% of its value in the past 24 hours. Moreover, the overall market sentiment remains negative, as the bears are coming forward to take advantage of favorable conditions.

TRAC/USDT price analysis 1-day chart: Coin value deteriorated to $0.533 extreme

The 1-day price chart for Origintrail confirms a declining trend. Currently trading at $0.533, the cryptocurrency has lost up to 3.99% of its value. Although a strong bullish tide enveloped the market in the past week, the circumstances have shifted today. There are low chances of reversal, as the volatility is receding and the market sentiment remains bearish.

The gap between the upper and lower extremes of the Bollinger bands indicator determines volatility. As the bands continue to converge, this signals decreasing market volatility. The upper limit of the Bollinger bands indicator, the resistance band, is $0.696, whereas its lower limit, serving as support, is $0.421. 

TRAC/USD 1-day price chart. Source: TradingView

The Relative Strength Index (RSI) indicator is within the neutral region. Its value is 43.31 and still moving downward, which indicates a bearish trend. The descending curve on the RSI graph confirms a continual downside during the day. This downward movement confirms that selling activities are dominating over buying activities.

TRAC price analysis 4-hour chart: Upturn leads to recovery above $0.533

The four-hour price analysis of Origintrail indicates a bullish trend. The upward movement has recovered the coin value above $0.533. However, considering the previous downside, the coin value is still below the moving average value. Despite this increase, the overall market sentiment remains bearish.

Volatility is deteriorating, which signals higher market predictability. Moving ahead, the upper side of the Bollinger bands indicator is at a high of $0.556, securing the resistance point. Conversely, the lower side of the Bollinger bands indicator is present at $0.502, confirming stable support. 

TRAC/USD 4-hour chart price chart. Source: TradingView

The RSI indicator resides within the neutral region at 52.46. The RSI curve is heading upward, indicative of a bullish trend. As the RSI value advances, upcoming stability in the trading atmosphere can be expected. The bulls secured a swift comeback in the last four hours, leading to a sufficient boost in TRAC/USD value.

TRAC technical indicators: Levels and action

Daily simple moving average

Period Value ($) Action
SMA 3  0.517238 BUY
SMA 5  0.519453 BUY
SMA 10  0.52124 BUY
SMA 21  0.597005 SELL
SMA 50  0.65499 SELL
SMA 100  0.743676 SELL
SMA 200  0.867426 SELL

Daily exponential moving average

Period Value Action
EMA 3  0.508659 BUY
EMA 5  0.514366 BUY
EMA 10  0.536042 SELL
EMA 21  0.580441 SELL
EMA 50  0.648939 SELL
EMA 100  0.721961 SELL
EMA 200  0.743891 SELL

What to expect from TRAC price analysis

Origintrail’s price analysis for the day confirms a downward swing for the cryptocurrency over the determined period. As a result of the latest downturn, its value has fallen below the $0.533 mark. Low chances of reversal can be observed due to decreasing volatility. Technical indicators and price charts continue to favor cryptocurrency sellers. However, the four-hour price analysis confirms an upturn following the latest bullish strike.

Is TRAC a good investment?

Investing in OriginalTrail necessitates an evaluation of its market and its emphasis on adaptability. In contrast to numerous other projects in the same field, Origintrail is currently being utilized by several significant companies worldwide. Home Depot, Walmart, and Target are the companies that have agreed to use its supply chain and auditing services. In addition, the company signed an agreement to integrate its factory audit verification technologies with the US Department of Homeland Security. Earnings from TRAC require long-term investment decisions, whether holding or trading, but in this dynamic market, risk management is primarily achieved through diversification and keeping abreast of developments. However, it is expected that TRAC/USD will reach $7.53 by 2030.

Why is TRAC down?

The TRAC/USD crypto pair price has devalued today as the selling influx abruptly took over the market, devaluing the price to $0.533. The bulls are targeting the resistance of $0.6968 next, but overall, the coin’s value has decreased significantly over the past week, especially since the July 4 depreciation negatively impacted the coin’s value.

Will TRAC reach $1?

Yes, TRAC should rise above $1 in 2025. Its price will range between $1.35 and $1.54 after that in 2026.

Will TRAC reach $5?

Yes, TRAC should rise above $5 in 2030. Its price will range between $5.97 and $7.53 during that period.

Will TRAC reach $10?

Per the Cryptopolitan price prediction, OriginalTrail (TRAC) prices are unlikely to reach $10 before 2030.

Does TRAC have a good long-term future?

According to Cryptopolitan price predictions, Origintrail TRAC will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

Recent news/ opinions

  • Zega Drev, founder of OriginalTrail, said in a post that the network’s Edge Node is live and in action. Companies can use it to improve responsiveness by retrieving important information in seconds.

OriginTrail price prediction August 2024

TRAC token may rise this month and is projected to touch a maximum price of $0.6988. According to the technical analysis, TRAC’s price might go as low as $0.4207, with an average price of $0.5598.

Month Potential low ($) Potential average ($) Potential high ($)
August 0.4207 0.5598 0.6988

TRAC price prediction 2024

TRAC token may skyrocket in the near future and is projected to touch a maximum price of $0.6901. According to our technical analysis, TRAC’s price might consolidate and record a low of $0.6172, with an average price of $0.6388.

Year Potential low ($) Potential average ($) Potential high ($)
2024 0.6172 0.6388 0.6901

OrginTrail price predictions 2025 to 2030

Year Minimum ($) Average ($) Maximum ($)
2025 0.9027 0.9282 1.07
2026 1.35 1.39 1.54
2027 1.94 2.00 2.32
2028 3.03 3.11 3.43
2029 4.30 4.43 5.26
2030 5.97 6.19 7.53

TRAC price prediction 2025

In 2025, the maximum trading price of the OriginTrail token will be $1.07. The average price is expected to be around $0.9282. TRAC’s price can touch the bottom at $0.9027.

TRAC price prediction 2026

The Trac (Ordinals) price is forecast to reach its lowest possible level of $1.35 in 2026. According to the findings, the TRAC price could reach a maximum possible level of $1.54, with an average forecast price of $1.39.

TRAC price prediction 2027

The Trac (Ordinals) price is forecast to reach its lowest possible level of $1.94 in 2027. According to the findings, the TRAC price could reach a maximum possible level of $2.32, with an average forecast price of $2.00.

TRAC price prediction 2028

TRAC is expected to reach a maximum level of $3.43, with an average trading price of $3.11. However, our technical analysis reveals that TRAC may reach a minimum of $3.03.

TRAC price prediction 2029

Our OriginTrail price prediction states that TRAC’s price is anticipated to hit a maximum of $5.26. The average price of the TRAC coin is predicted to be $4.43, with a minimum price of $4.30.

TRAC price prediction 2030

In 2030, the OriginTrail token price is expected to witness a massive price jump. Its maximum value will be around $7.53, with an average trading price of $6.19. TRAC may touch a minimum value of $5.97.

TRAC price prediction 2024 – 2030

TRAC market price prediction: Analysts OriginTrail price forecast

Platform 2024 2025
Digitalcoinprice $1.10 $1.32
Coincodex $ 0.44558 $ 1.398433

Cryptopolitan’s OriginTrail (TRAC) price prediction

At current levels, TRAC presents the potential to be bullish. According to our predictions, TRAC could achieve a high of $0.6901 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $0.9027 – $1.07, with an average of $0.9282. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

OriginTrail (TRAC) historic price sentimen

TRAC price history. Image source: TradingView
  • OriginalTrail launched its native token TRAC in January 2018 with an opening price of $0.234.
  • After slightly spiking to $0.375 at the end of January, TRAC dipped below its opening price to the $0.163 level.
  • By August 2018, TRAC had reached $0.110. It then dipped further to $0.0213 in November and stayed near this level until the start of 2020.
  • After March 2020, TRAC started to rise and peaked at $0.270 on August 18, which was above its opening price after a long time.
  • OriginalTrail could not sustain the higher price and crashed again, touching $0.093 by the end of 2020.
  • In 2021, TRAC started to recover again and discovered new highs, peaking at $0.804 in March.
  • In November 2021, TRAC observed its all-time high of $3.50.
  • OriginTrail closed the final two weeks of 2021 December among the top six gainers alongside DOGE DFI. Money, QuickSwap, Wrapped Luna, and Tezos. The year 2021 was an excellent year for the $TRAC token.
  • In 2022, TRAC started reversing its peak price and cooled down to $0.385 by mid-March.
  • TRAC dipped below its opening price in June 2022 when it crashed to $0.206.
  • TRAC traded on the lower side till January 2023, after which it slightly recovered to $0.424 in February.
  • OriginalTrail traded near the $0.250 margin for the next few months till November 2023.
  • In 2024, TRAC continued its bullish pattern, which started in December.
  • The highest price for the year 2024 was $1.49, observed on March 10.
  • OriginalTrail (TRAC) followed a downward trend since March, dropping to $0.835 in May.
  • June and July of 2024 saw further lows when the token stepped down to $0.662, and in August, TRAC was trading near the $0.510 range.




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