Why is OriginTrail (TRAC) crypto rising? - Kalkine Media

March 23, 2022 02:06 AM AEDT | By Rupam Roy
Follow us on Google News:
  • OriginTrail is a Decentralized Knowledge Graph. It organizes the critical assets of humanity while making them discoverable, verifiable, as well as valuable.
  • OriginTrail returned over 31% gains in the last 30 days.
  • The TRAC token is available on exchanges like Huobi Global, KuCoin, etc.

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.

Also Read: Why is Aventus (AVT) crypto rising?

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.

Also Read: What is Ethereum Classic (ETC) crypto and why is it rising?

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.

Also Read: Why is Fantom (FTM) crypto rising?

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.

Also Read: What is Zebec (ZBC) crypto? All you must know

OriginTrail (TRAC) crypto price and performance                                                      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.

Also Read: Why Audius (AUDIO) crypto gained 50% in last 7 days?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Top Listed Companies