Why is OriginTrail (TRAC) crypto rising?

The OriginTrail (TRAC) crypto surged over 44%, while its volume skyrocketed by over 693% in the last 24 hours to Tuesday morning, suggesting increased investors’ interest in the token.

The cryptocurrency market is returning to a more stable pricing pattern after a sharp decline following Russia’s invasion of Kyiv. It is now looking to get past the turmoil.

The market was up 3.22% to US$1.93 trillion at 8:37 am ET, while the volume surged 28.20% to US$110.06 billion in the last 24 hours, according to coinmarketcap.com. Let’s discuss the OriginTrail (TRAC) crypto’s price, performance, and reasons that may have bolstered its gains.

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What is OriginTrail (TRAC) crypto?

OriginTrail is a Decentralized Knowledge Graph. It organizes the critical assets of humanity while making them discoverable, verifiable, as well as valuable. It intends to create a bridge between the physical world like art, healthcare, fashion, supply chain, etc., and the digital world such as blockchain, smart contracts, metaverse, non-fungible tokens, etc.

OriginTrail aims to bring them in a single connected reality.

Global leaders like Google (GOOGL) and Meta Platforms (FB) are powered by advanced knowledge graph technology. OriginTrail aims to reshape that technology for Web3.

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The OriginTrail Decentralized Knowledge Graph offers a crucial fabric for linking, verifying, and valuing data on both the physical and digital assets. For instance, the decentralized knowledge graph technology can protect the pharmaceutical supply chains and organize blockchain data for smooth access by the decentralized finance (DeFi) decentralized applications (DApps).

The company claims its services to clients create value for its ecosystem.

For instance, it claims to offer a secure exchange for security audits, enabling frictionless international trade for over 40% of US imports.

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Why is it rising?

The company has been on investors’ radar after it unveiled OriginTrail v6, the latest version of its Decentralized Knowledge Graph, designed to bring various facilities to web3, similar to “Google”.

Another reason for the price surge could be due to the launch of AidTrust services to more than 80 treatment centers across India. Aidtrust, co-developed by Trace Labs and BSI, uses OriginTrail’s DKG for offering visibility and trust in the pharmaceutical supply chains.

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                                                      Source: *Data provided by CoinMarketCap.com

Bottom line:

The TRAC crypto was priced at US$0.6662 at 8:56 am ET on March 22, up 44.94%, while its one-day volume jumped 693.98% to US$15.46 million. It has a market cap of US$242.65 million, and its fully-diluted market cap is US$333.12 million.

The token’s total and max supply are 500 million, and its current circulating supply is 364.20 million. It returned 31.08% gains over the last 30 days. The TRAC token is available on exchanges like Huobi Global, KuCoin, Coinbase Exchange, etc.

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