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Highlights
- The TROY crypto is trending in Canada as the cryptocurrency recorded a massive increase in its 24-hour volume.
- TROY is the native utility token of Troy, a one-stop-shop for crypto asset trading.
- TROY crypto is uniquely positioned in the cryptocurrency market as it provides localized brokerage services depending on geography.
The cryptocurrency market declined over the weekend and continued trading in the red on Monday, September 20, at the time of writing.
A fake announcement that Walmart would start accepting Litecoin seems to have created a lot of confusion among crypto traders and that has impacted the prices of different virtual currencies.
However, one alternative cryptocurrency has stood out among others and is gaining the attention of potential investors in Canada.
In this article, we will be taking a closer look at the TROY crypto, as its one-day volume has surged by about 3,280 per cent and the token's price was up 87 per cent in the last 24 hours, according to CoinMarketCap data.
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What is the TROY crypto?
TROY is the native utility token of Troy, a one-stop-shop for crypto asset trading and asset management. In a nutshell, Troy providers crypto brokerage services to professional traders with innovative trading products.
TROY crypto’s volume soars over 3000%. What is its price prediction?
According to Binance Research, this project is a smart hybrid asset management platform and offers users completing of transactions through different styles with ease. The mainnet of the project was launched in December 2020 and TROY will remain an ERC-20 token on the Ethereum blockchain.
Troy is uniquely positioned in the cryptocurrency market as it provides localized brokerage services depending on the geography and different regulatory policies. In addition, it also aims to build a sustainable economic model by offering integrated crypto trading.
The crypto trading platform also assists its users in decision-making with blockchain data and market data among others. Notably, the data is optimized by artificial intelligence (AI) technology and quantitative models.
The TROY token has several use cases including accessing features on the Troy trading platform as a platform token. It also acts as a trading fee unit when users want the trading and settlement functions.
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Troy crypto’s price prediction
According to CoinGecko, the TROY token price has surged by 91 per cent in the last seven days and 359 per cent since the past year. It clocked an all-time high of US$ 0.0365 per token on April 17.
Also Read: Gala crypto's volume soars over 18,000%. What is its price prediction?
The historical price movements indicate that the TROY token is in the consolidation zone. If the bullish momentum continues throughout the remaining months of 2021, this cryptocurrency could reach US$ 0.04 per token.
Bottom line
The cryptocurrency market is highly volatile, and it is important to study market trends before making any investments.
