The Overview of OriginTrail Ecosystem
OriginTrail is a Web3 Protocol for trusted information sharing. The tools and protocol evolve as a Web3 built-in decentralized knowledge graph semantic layer. This enables information sharing between organizations. Users can organize their critical information with knowledge graphs and make them verifiable and discoverable on the decentralized network.
|Price Change 24h||-21.43%|
|Price Change 7d||-9.86%|
|Market cap||$ 224,868,022|
|Circulating Supply||368,271,884 TRAC|
|Trading Volume||$ 4,380,957|
|All time high||$3.87|
|All time low||$0.00378|
Users can manage, discover, and store information. Knowledge graph integrates information from multiple sources and shares them as semantic figures across systems and decentralized applications. The core development company of OriginTrail is known as Trace Labs, founded in 2013.
OriginTrail decentralized network mainnet was started in 2018 with actual enterprise data jobs. It leverages the advantages of global standards GS1 and WC3. The exact alignment of data from sources such as legacy systems and newer blockchains has been ensured by this standard. Due to the sensitive nature of certain information sets, ODN is providing a ‘Zero-Knowledge Method’ to prove the validity. When the information is first published on the network, it will be assigned with a tamper-proof fingerprint or cryptographic hash.
Data enters into the ODN through data creator mode. After the hashtag assignment, it will be passed to 3+ nodes. They will store the details, and the decentralized nodes will provide it to the users on demand. The nodes will also function as decentralized knowledge graphs to connect information across different nodes. Middle layer protocol ODN is also known as a multi-chain protocol because it has been designed in a way that it can interact with multiple blockchains, and it works on other blockchains also. Currently, it is supported by Ethereum, HyperLedger Fabric, xDai, and Polygon.
Trace alliance is an essential partner in the ecosystem, and the members of the trace alliance have been divided into three working groups. The first working group is in food and agricultural technology. This group is focusing on bringing more digitalization to food and agriculture. This is led by Grigoris Chatzikostas — founder & CEO at Rainno. Second is the supply chain data interoperability and semantic web; the group connects different global companies, academicians, technology providers, government agencies, which will ensure a seamless connection between all the entities and transfer of information across private and public networks across the globe. It is directed by John G. Keogh, the managing principal of Toronto-based niche advisory and research firm Shantalla Inc. Finally, they have a working group for tokenomics and decentralization. The group provides smooth services in blockchain and token-related aspects; their main aim includes OriginTrail Polkadot implementation and the Starfleet phase initiative.
The original roadmap, 2013 to 2018, was considered the foundation stage, and the token distribution had finally happened in 2018. The next stage is named mainnet inception. After building the decentralized knowledge graph mainnet, OriginTrail partnered with many companies to increase its adoption. The next phase is called the ‘Turning Phase,’ which has been ongoing now, and the Metcalfe phase is planned for the next phase implementation.
The Overview of TRAC
TRAC is the native investment cryptocurrency of OriginTrail. TRAC is non-inflationary, and a total of 500 million pre-mined OriginTrail TRAC tokens were distributed during its initial coin offering to invest. The token sale happened on January 17, 2018; the price of OriginTrail TRAC token was $.10. TRAC is an 18 decimal token; hence the issue of supply or payment has comparatively fewer.
ERC-20, Ethereum based OriginTrail token, is used to power all the activities of the OriginTrail ecosystem. The token will be locked up for months and years to reduce the supply and increase the demand. Among 500 million TRAC tokens, 38.6 million are distributed. The current price of OriginTrail TRAC is $1.09, with a market cap of $396,227,002.
Use Cases of TRAC Token
OriginTrail decentralized network has been using OriginTrail TRAC in many ways for DKG operations and incentivizing protocol. Some of these include:
Creating and Publishing Data in ODN
Engaging and publishing data on OriginTrail decentralized network: to participate in ODN, creators and holders need to stake OriginTrail TRAC in the nodes; the higher the OriginTrail TRAC coin stakes, the higher is the data creating or holding capacity in the network. Creators are allowed to publish information in the OriginTrail decentralized network.
The value of OriginTrail TRAC needed for this will depend on the size of data, job length, and other market forces will also be a dependent factor. And the reward, in this case, will be released after the job completion. Until that, TRAC coins will be locked in the smart contract.
Collateralization by Holders
To avoid modifying or manipulating data and holding it over a while, OriginTrail TRAC from a data holder’s stake is a locked-way smart contract for the length of the data job. The holder has to provide information on demand, and failure to do the same will lead to the loss of OriginTrail TRAC.
Creators can sell their data in marketplaces. OriginTrail boosts by adding knowledge wallets, tenders, knowledge marketplace, and knowledge tokens. Users can buy data; sellers can provide fractional access or limited access; this will add value to OriginTrail TRAC.
Users can stake OriginTrail TRAC, and they will benefit from a share of profits of data job.
TRAC Technical Analysis
The cryptocurrency market has marked tremendous volatility over the last few weeks after Bitcoin continuously trading bearishly; apart from Bitcoin, the last two months have witnessed a plummet in the prices of other cryptocurrencies also. Inflation, strict monetary policy, and global market fear of new pandemic variants are important factors behind the crypto world collapse.
Historical data and technical analysis show that OriginTrail price has been continuously dropping after listing with Coinbase at the beginning of November. Apart from the slight rise in the last month, investors have also gone through the price of OriginTrail TRAC drop.
The current price of OriginTrail TRAC is around $1.2 with a 24-hour volume of $2,323,884. The total market cap is $444,035,653.89, with a circulating supply of 363,953,832 TRAC. An all-time high of the coin is $3.87, which is November 2, 2021. The all-time low is $0.003785, which was on March 13, 2020.
Technical analysis of OriginTrail TRAC shows that the coin was continuously down from November to mid-December. The slight recovery was marked with an OriginTrail price rise, but it failed to breach the previous resistance levels, and the OriginTrail price fall continues today. The current price of OriginTrail is almost three times lower than the highest price. Today it traded at a minimum price of $1.21.
The price of OriginTrail TRAC has shown moderate momentum over the last 3 days. TRAC coin chart for resistance and support says that immediate resistance is placed at $1.39, and any rise above this will take OriginTrail price to $1.514. Price change above the $1.70 resistance level can take the price of OriginTrail TRAC to the major resistance of $1.9. Any TRAC price drop will plunge to $1.16. Traders can sell OriginTrail below the support zone of $1.05 because TRAC price fall below the major support will be moving towards an OriginTrail crash.
Technical indicators are showing moderate bearish market sentiments. OriginTrail TRAC is not recommended for a short-term buy as of now. The latest news from digital coins is also not supporting the crypto world. Investors and traders can wait for a turnaround to take an entry.
OriginTrail Price Forecast 2022-2026
The global cryptocurrency industry is set to grow around $241 million by 2023, which is four times higher than other tech sectors. Over 15000 coins are already in circulation, but the important fact is that the growth and value of tokens depend on their demand and supply; to some extent, the demand can be determined by project owners. Burning or locking of the coins is among them. TRAC is expecting a considerable price increase in the near future. It was not a profitable investment in the past.
Let us look at long-term OriginTrail price prediction to know will OriginTrail price increase in the future?
TRAC price for the last month marked a mixed trend. After trading above $1.60, OriginTrail TRAC price fell to $0.95. Later, it regained its momentum but couldn’t manage to cross the $1.5 mark. The minimum price traded for December is $0.95 as per the past month’s TRAC crypto price data. Will OriginTrail price regain its lost momentum in the near future? Let’s find out.
OriginTrail Price Prediction 2022
Based on OriginTrail price predictions 2022, the coin is anticipated to cross its previous month’s high of $1.6. After the first half of the year, it may touch $1.7. TRAC price prediction 2022 is expected to touch a maximum price of 1.8. Our December 2022 price prediction suggests a considerable hike in the TRAC price. The average price of OriginTrail is predicted to be around $1.65.
TRAC Coin Price Forecast 2023
TRAC price forecast foretells a start around $1.88 expected to move to $2.05 by the middle of the year. It cannot be considered a good move; in the second half of 2023, the price of OriginTrail will be around $2.06. The minimum value for the year is anticipated at $1.8, and the average price will be $2.03. The maximum price is expected for the year is $2.11.
OriginTrail Coin Forecast 2024
OriginTrail forecast suggests that it can rise to a future price of $2.3. By the middle of 2024, the coin is expected to touch $2.9, then it will be a fall in price level till $2.6. Later, it will again trade between $2.8 to $2.9 levels. And as per the OriginTrail coin price forecast, the TRAC coin will cross the $3 mark at the end of 2024.
TRAC Price Prediction 2025
OriginTrail TRAC price predictions show that in comparison to past years, the forecast for 2025 is bullish. OriginTrail price is expected to hit $3.03. There was a gradual increase throughout the year; After the first half of the year, it is expected to cross $3.2. The expected maximum price for the year is $3.4. TRAC coin price prediction 2025 indicates OriginTrail is worth buying for the long term.
OriginTrail Price Prediction 2026
As per the OriginTrail forecast, the price of OriginTrail TRAC is expected to remain steady for quite some time in the future. The minimum price of Origintrail TRAC would be approximately $3, with a maximum trading price of $3.5 as per our OriginTrail forecast and price predictions.
Frequently Asked Questions
Where can I buy OriginTrail?
It is listed with major exchanges such as Coinbase, Bittrex, Uniswap, Kucoin, Bancor, Bitmart, and HitBTC for trading and investments in the future.
Is OriginTrail worth buying?
OriginTrail TRAC price is falling and showing bearish sentiments; TRAC forecast might be bullish for five years. Though the current price level is not appropriate to invest in, the OriginTrail coin is good buy and you can add it to your portfolio.
Will OriginTrail price cross its previous all-time high?
Based on OriginTrail price prediction 2030, the coin might hit its previous ATH and trade towards the $5 mark. OriginTrail may record significant growth and adoption based on strong fundamentals and effective integrations as per predictions.
Is OriginTrail a good investment for the long term?
Digital currency space always has volatility. But long term TRAC price prediction is bullish, and there is no consensus that price change will happen in the predicted direction only. Take a bit of investment advice before investing.
Will OriginTrail price drop?
As per our OriginTrail forecast, there are fewer or no chances of any price drop in the near future. However, the volatility in the crypto world is relatively high, so it isn’t easy to forecast anything with certainty!