TRAC
Fundamental Analysis
Introduce
Trac is an infrastructure project within Ordinals that aims to provide a decentralized system for tracking and accessing Ordinals-related metaprotocols, such as BRC20, sats domains, and more. The decentralized system will offer incentives to secure the tracking network and enable voting on new and updated protocols, as well as general governance.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | TRAC | Market Cap | 13015800 |
| Name | TRAC | White Paper | -- |
| Web Site | https://trac.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mempool.space/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000 | |
| Supply | 21000000 | Release Date | |
| Available Supply | 21000000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.6075 | 0.65 | 0.5764 | 0.6199 | 32520.379755 |
| 2024-12-30 | 0.647 | 0.6711 | 0.5588 | 0.6071 | 114657.26275 |
| 2024-12-29 | 0.7497 | 0.754 | 0.6 | 0.6395 | 85804.205401 |
| 2024-12-28 | 0.7429 | 0.786 | 0.7 | 0.7396 | 32943.733268 |
| 2024-12-27 | 0.7759 | 0.8023 | 0.7298 | 0.7467 | 65441.476285 |
| 2024-12-26 | 0.8609 | 0.8635 | 0.7507 | 0.7769 | 45802.840021 |
| 2024-12-25 | 0.8976 | 0.9043 | 0.8603 | 0.869 | 29523.201112 |
| 2024-12-24 | 0.8249 | 0.93 | 0.8058 | 0.8931 | 74061.056341 |
| 2024-12-23 | 0.7403 | 0.892 | 0.68 | 0.8166 | 75236.436497 |
| 2024-12-22 | 0.7825 | 0.7857 | 0.6622 | 0.7403 | 49099.486375 |
| 2024-12-21 | 0.7932 | 0.87 | 0.75 | 0.7825 | 47000.384889 |
| 2024-12-20 | 0.7234 | 0.7931 | 0.65 | 0.7925 | 92265.978595 |
| 2024-12-19 | 0.7462 | 0.8543 | 0.6717 | 0.7308 | 177721.024431 |
| 2024-12-18 | 0.8125 | 0.8656 | 0.7241 | 0.7462 | 127960.351457 |
| 2024-12-17 | 0.9241 | 0.9362 | 0.67 | 0.8187 | 314871.356233 |
| 2024-12-16 | 1.0449 | 1.0951 | 0.89 | 0.9235 | 101036.944205 |
| 2024-12-15 | 1.0796 | 1.11 | 1.0002 | 1.0463 | 59966.816762 |
| 2024-12-14 | 1.0822 | 1.1043 | 1.0489 | 1.0798 | 20922.34558 |
| 2024-12-13 | 1.1159 | 1.1449 | 1.056 | 1.0754 | 108033.474377 |
| 2024-12-12 | 1.1583 | 1.235 | 1.0774 | 1.116 | 68772.664606 |
| 2024-12-11 | 1.0951 | 1.169 | 0.99 | 1.1421 | 117638.168814 |
| 2024-12-10 | 1.0872 | 1.184 | 1.027 | 1.0939 | 119210.239817 |
| 2024-12-09 | 1.2789 | 1.2789 | 1.012 | 1.0743 | 176876.804673 |
| 2024-12-08 | 1.3294 | 1.4186 | 1.2272 | 1.2827 | 87244.213205 |
| 2024-12-07 | 1.5386 | 1.541 | 1.2573 | 1.3284 | 123581.970483 |
| 2024-12-06 | 1.4 | 1.5786 | 1.379 | 1.541 | 106810.287607 |
| 2024-12-05 | 1.4679 | 1.6605 | 1.2733 | 1.4004 | 330755.825209 |
| 2024-12-04 | 1.0196 | 1.6968 | 1.0196 | 1.468 | 436026.35586 |
| 2024-12-03 | 0.8876 | 1.088 | 0.8605 | 1.0234 | 174780.384368 |
| 2024-12-02 | 0.981 | 0.99 | 0.8697 | 0.8884 | 91068.684396 |
Analysis
The price experienced a significant downtrend from early December, marked by high volatility and large trading volumes. The initial sharp decline was followed by a period of consolidation and some attempts at recovery, but the price was met with consistent resistance. The recent price action suggests a continued bearish trend with potential for further declines as the price consistently closes lower in the most recent trading days and the overall trend is clearly pointing down, even though there might be some slight pullbacks during the decline process. Trading volume shows spikes during downtrends, indicating strong selling pressure. The asset is likely to continue facing downward pressure in the short to mid term with possible retest of lower levels.
