What is the highest historical price of TRAC coin?

TRAC, the traceability token of the Origin Protocol ecosystem, reached its highest historical price of $3.26 on August 12, 2021, driven by increased demand, platform adoption, and favorable market conditions.

Nov 19, 2024 at 09:27 am

What is the highest historical price of TRAC coin?

1. Track Network Overview

Origin Protocol is a decentralized e-commerce and supply chain network that enables trustless peer-to-peer transactions between buyers and sellers. The platform utilizes the Original Token (OGN) as its native cryptocurrency to facilitate transactions, reward network participants, and govern the Origin Protocol ecosystem.

2. TRAC Token: The Origin Tracker

TRAC (Traceability) is the second cryptocurrency native to the Origin Protocol ecosystem. Unlike OGN, which serves as the primary utility token, TRAC functions specifically as a traceability token designed to track and verify the authenticity of physical goods throughout the supply chain.

3. TRAC Historic Price Performance

Since its inception, TRAC has experienced significant price fluctuations. The token's price is influenced by various factors, including market demand, adoption of the Origin Protocol platform, and overall cryptocurrency market trends.

4. Highest Historical Price of TRAC

The highest historical price of TRAC was recorded on August 12, 2021, when it reached $3.26. This price surge was driven by the growing popularity and adoption of the Origin Protocol platform, coupled with the overall bull market conditions in the cryptocurrency space at the time.

5. Factors Contributing to TRAC's Price Surge

Several key factors contributed to the surge in TRAC's price during August 2021:

• Increased demand for traceable and verifiable products as consumers became more aware of supply chain transparency and ethical sourcing.
• Growing adoption of blockchain technology for tracking and verifying the authenticity of physical goods.
• Positive news and updates regarding the development and partnerships of the Origin Protocol platform.
• Speculative trading and market sentiment, as investors anticipated the long-term potential of TRAC and the Origin Protocol ecosystem.

6. Post-All-Time High Price Performance

Following its all-time high price in August 2021, TRAC's price underwent a correction and has fluctuated since then. The cryptocurrency market experienced a downturn in late 2021 and throughout 2022, which impacted the price of TRAC, among other cryptocurrencies.

7. Current Price and Market Cap

As of today, TRAC is trading at approximately $0.51 with a market capitalization of around $160 million. The token's current price reflects the broader market conditions and the evolving adoption of the Origin Protocol platform.

8. Future Outlook for TRAC

The future outlook for TRAC depends on several factors, including the continued growth and adoption of the Origin Protocol ecosystem, the demand for traceable and verifiable products, and the overall cryptocurrency market. The team behind Origin Protocol is actively working on platform development and partnerships to enhance the utility and value of TRAC.