After breaking out of a multi year cup and handle pattern due to a coinbase listing in November, Origin Trail (TRAC) is looking poised for a continuation of its uptrend. After a big pump in early November, the dust has settled but showed signs of a break out above resistance yesterday Nov 28, 2021. Still room for invalidation as it retests the trendline, but if it holds true the short term price target is $3.20
This project looks promising with its proposed use case as the "google" of web3, allowing for cataloging and searching of assets across multiple blockchains. It has already announced partnerships with projects like bsi, SCAN, Home Depot, Amazon Warehouse Service, Acala (first polkadot para chain winner) and Polkadot, planned to bid for and obtain a para chain slot, and wants to direct its decentralized knowledge graph technology toward supply chains, healthcare, NFT verifying, and so much more! Do your own research but in my opinion, it is still pretty early for this low cap high utility token. Within 5 years this could very well be a top 10 market cap token being used throughout crypto for cataloging, searching, and verifying data across chains.
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Welp! This idea is canceled out for the time being! Still belive in the long term fundamentals of this asset, but with bitcoin driving the market, we may see a downturn for the remainder of 2021. A good time to accumulate if you believe in this or any other coin for the long term!
with the market down, Trac is already half its price compared to 2 weeks ago; and the sentiment is not getting any better. If the TRAC project doesn't not keep up with the crypto environment, sorry but people are going to start walking away. you don't want to invest 1K today, to receive 20 dollars more in 3 years. just saying.