ORIGINTRAIL is attracting the attention of investors after increasing in value.
In the past 24 hours, OriginTrail which trades under the ticker “TRAC”, has grown 120% to $2.80, according to CoinMarketCap.
The price of OriginTrail has also been on the rise this week. In the past seven days, it’s risen by 144.75%.
As with other cryptocurrencies, it’s important to keep in mind the risks associated with any digital currency.
The sale of OriginTrail’s Trace token first happened on January 17, 2018, meaning it’s been available through online exchanges for a while.
While it has been around, trading on the digital exchange comes with risks. You could lose a lot of money quickly if you’re not careful.
Plus, the cryptocurrency space is filled with complexity, so you need to understand what you’re investing in.
Unlike traditional exchanges, digital assets exist as entries on ledgers known as blockchains.
When digital assets are bought, sold or traded, information about that transfer, including the wallet it was transferred from, the wallet it was transferred to, and a timestamp of the transaction is recorded on a new block that is added onto the end of the online chain.
What is OriginTrail (TRAC)?
OriginTrail was created to allow companies, organizations, and other blockchains to safely and securely share information in its fully decentralized knowledge graph network.
OriginTrail is a collection of decentralized network nodes holding and sharing data.
It’s used to discover, manage and store data for everything from supply chain tracking to verifying art, diplomas and business certifications.
Martin Gaspar, research analyst with CrossTower, told The Sun: “OriginTrail is unique in that it is a multi-chain protocol focused on blockchain supply chain and traceability solutions.”
“It is known for its partnerships with notable organizations and companies, such as Oracle.”
The network’s TRAC token is what brings everything together on the network. It’s used to pay for data processing and storage on the network.
OriginTrail (TRAC) price predictions
The price of OriginTrail has been on the rise in the past week.
While it’s moving in the positive direction, according to Coinbase, OriginTrail is 34.30% below the all-time high of $3.86.
Mr Gaspar, who couldn’t give price predictions on OriginTrail, added: “It’s recent surge seems driven by its Coinbase listing yesterday.”
Meanwhile, Wallet Investor has set a one-year forecast of $1.429 for OriginTrail.
In comparison, Digital Coin Price expects it to hit a value of $4.74 in 2021, $5.48 in 2022 and $6.40 in 2023.
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