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OriginTrail (TRAC) – the neutral protocol that enables trusted data sharing between blockchains and companies – is on a rally as of late and this has been going on since September of this year. The digital currency even hit an all-time high of $3.87 as this is said to be backed by robust fundamentals alongside some favorable conditions.
OriginTrail’s market performance
Such performance can be credited to the fundamentals it’s been carrying. Dubbed as the world’s first-ever Knowledge Graph, it allows different agents within a network to connect and relay data with ease. Such technology is as of late being applied to tech firms as huge as Google itself. That said, OriginTrail is on a different ball game now as it launched a decentralized version of the technology. With these Decentralized Knowledge Graphs at play, the protocol can now link industries in the physical world with that of the digital space as this provides possibilities that are boundless.
Further, the project’s role within the industry of supply chain management has surged substantially as it is currently having a hard time sustaining with the mechanisms that it has as of late. The ongoing global health crisis made things even worse as these deranged supply chains across the planet and industries are still all staggering from its effects. Additionally, global supply chains are still having debacles in terms of tracking and delivering products, offloading, and shipping.
TRAC’s no joke
A clear indication that OriginTrail is being taken seriously within the cryptocurrency community is that TRAC has already landed a listing on both Coinbase and Coinbase Pro which is one of the leading crypto exchange platforms right now. Moreover, this dual listing has without a doubt provided a positive impact on the token’s growth now that is being catered to a much broader audience.
As mentioned, OriginTrail has been gaining traction this year. With that in mind, the future outlook of TRAC is pretty much bullish, though not by all accounts. The price forecasting platform of Wallet Investor only projected a $2.845 increase in the next five years, though Digital Coin begs to disagree as the website has high hopes for TRAC. Provided that OriginTrail does not come across with some major speed bumps, TRAC is expected to finish 2021 hitting the $3.51 price level and could surge to almost eight dollars by 2026.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
