How high can TRU coins rise? TRU coin future price prediction

The full name of TRU coin in English is TrueFi. It is the token of the TrueFi platform and plays a vital role in the TrueFi ecosystem, with basic functions such as governance, voting, incentives, and mortgages. TrueFi is a DeFi protocol dedicated to injecting new ideas into the credit market, providing a different way of lending and on-chain management of digital assets, aiming to bring real-world lending and assets into DeFi. As the platform token, the market situation of TRU coin has naturally attracted the attention of investors. More people want to know how high the TRU coin can rise in the future? Analysts predict it may rise to $0.742. Next, the editor will tell you in detail.

#How high can TRU coins go?

TRU coin can rise to US$0.742. According to the predictions of analysts in the circle, TRU coin may rise to US$0.24 before the end of this year. Looking at the longer five-year timeline, the digital currency has the potential to grow to $0.49. The TRU value is expected to increase by 594.72% in 2035 to reach $0.742. But this is only the price predicted by analysts, and it does not mean that it will definitely be this price in the future. Investors should still base their judgment on the current market conditions.

TRU is TrueFi’s native token, a utility and governance token used to execute transactions within the ecosystem. The core of the TrueFi platform lending protocol is trust-based lending, which means that users can obtain loans by pledging real crypto assets. TRU coin holders can participate in risk assessment and credit risk audits by pledging their TRU coins, and participate in the governance of the lending agreement. In addition, TRU coins can also be used to vote on the parameters and policies of the lending agreement. Therefore, TRU coins play an important role in the TrueFi ecosystem.

TrueFi platform, as a member of the decentralized finance field, is in an environment of constant development and competition. If the platform can continue to innovate, improve, and adapt to market needs, the future of TRU Coin may be very positive. Secondly, community development is also a key factor. If the community supporters and users of TRU Coin can actively participate, contribute and add value to the platform, the long-term investment value of TRU Coin may be higher.

The development of the entire cryptocurrency market will also have an important impact on the long-term investment value of TRU coins. If the entire market is in a bull market and the trend is positive, then TRU coin, as a token of decentralized financial projects, may benefit from an improvement in the overall market.

Is TRU coin worth investing in?

At present, the investment value of TRU coins is average and may have high investment risks. According to current data records, the current price of TRU is US$0.1, which is lower than the historical high price of US$1.053 and lower than the issuance price of US$0.12. The current investment return is not optimistic at -10.42%. Overall, the current market development of TRU coins generally.

TRU Coin serves as the backbone of the TrueFi protocol, enhancing community governance, determining credit scores, providing collateral and incentivizing active participation, while fostering a transparent and decentralized lending ecosystem in DeFi. TrueFi serves as a financial utility that empowers cryptocurrency lenders to earn rewards and provide lending and asset management services. It does this by making such funds available to borrowers.

TRU coins have important uses and governance functions in the TrueFi lending protocol. Users holding TRU coins can participate in the governance decisions of the protocol, including proposals, voting and modifying protocol parameters. This decentralized governance mechanism allows TRU coin holders to participate in the development and decision-making process of the project, thereby increasing the value of the coin.

TRU coins can also be used for rewards and incentive mechanisms. Users who hold and use TRU coins can receive certain rewards, which can further promote user participation and support for the TrueFi lending protocol. This reward mechanism helps increase the demand and flow of TRU coins.

The DeFi market is growing rapidly, attracting more and more users and funds. As a project participating in the DeFi market, TRU Coin will benefit from this trend and have the opportunity to become an important member of this market. As an application scenario for TRU coins, the development and adoption of the TrueFi lending protocol will also affect the market prospects of TRU coins. If TrueFi can succeed in the lending space and attract more users and funds, the value of TRU is likely to grow accordingly.

TrueUSD Stable Coin

It is worth noting that in addition to TRU coins, the Truefi network also has its own stable currency, TrueUSD. However, in 2020, TrustToken sold TUSD to Techteryx, an Asia-based conglomerate whose business involves traditional real estate, entertainment, environment and information technology industries.

In addition, TrustToken has also separated from the TrueFi protocol and was renamed Archblock last year. TrueFi is heading towards a more decentralized platform. It is currently built on the Ethereum and Optimism networks. It aims to match investors, borrowers and fund managers in the capital market and provide them with cryptocurrency native and real-life services. The world's financial unsecured loans.

TRU Token Economics

The total supply of the TrueFi Token system is capped at 1.45 billion tokens. During its distribution, a total of 565,500,000 TRUs were allocated to the entire community, accounting for 39% of its total supply. The platform also held a token sale, in which 26.75% of the tokens were sold. A total of 29.5% of the total tokens have been allocated to current teams and companies.

Tokens from the token sale and the dedicated TrueFi team’s tokens are locked for two years. These tokens are designed for the quarterly unlocking system starting from November 21, 2020 to August 13, 2022.

TrustToken One-third of the company’s tokens will be unlocked first, with the remaining two-thirds unlocked in November 2021 and 2022 respectively. This will further inject an additional 54,360,866 tokens into circulation. Currently, TrueFi’s circulating supply is 540,298,556 TRU tokens.

TRU Coin Overview

Token Name TrueFi Code TRU Token Type Utility, Governance Total supply 1.45 billion Current exchange rate US$0.0324 Hourly low price / 24-hour high price US$0.03015927 / US$0.032058017 Day low price / 7 days high price US$0.03005247 / US$0.03532545 Transaction volume US$3,082,237 Total market value US$32,324,358 Total market value ranking 505 Market value Market share 0.003% Price high US$1.02 (-97.02%) Price low US$0.026383 31(14.79% )

TrueFi has successfully become one of the most used cryptocurrency lending platforms. The TrueFi platform’s innovative solutions provide lenders with high ROI and provide portfolio managers with an open source platform. In the future, the scope of application of TrueFi is very likely to expand, and the value of the token TRU will also rise accordingly. However, given the sudden collapse of some major lending platforms and the failure of other cryptocurrency lending protocols, there are still certain risks in investing in TRU coins, and investors need to remain vigilant and pay attention to market risks.

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