TrueChain (TRUE) Coin Overview and Weekly Technical Review
This article centers around a thorough assessment of TRUE coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our TRUEort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is TrueChain (TRUE) Coin?
TrueChain (TRUE) is a decentralized blockchain platform that aims to provide fast , secure , and scalable infrastructure for building decentralized applications (dApps) . It utilizes a combination of consensus algorithms to achieve high throughput and low latency .
One of the key features of TrueChain is its use of the PBFT + dPoW consensus mechanism . This combines Practical Byzantine Fault Tolerance (PBFT) with a modified version of Bitcoin ‘s Proof-of-Work (PoW) algorithm . This hybrid consensus approach aims to ensure both security and efficiency on the network .
TrueChain also implements off-chain transaction verification through its Parallel Chain technology . By separating transaction validation from block generation , TrueChain enhances scalability while maintaining decentralization .
The TRUE token serves as the native cryptocurrency on the TrueChain platform . It has utility within the ecosystem for activities such as paying for gas fees, participating in governance decisions , and accessing various services or features provided by dApps built on TrueChain .
As always, it’s important to conduct thorough research before making any investment decisions regarding TRUE tokens or any other cryptocurrency Project .
If you want to know more about the TrueChain (TRUE) coin , you can visit its website .
TrueChain (TRUE) has several key projects and initiatives in its roadmap:
1. Scalable Infrastructure : TrueChain aims to provide a high-performance blockchain infrastructure that can support the development of decentralized applications (dApps) . By utilizing parallel chain technology , it seeks to achieve faster transaction processing times and improved scalability .
2. Hybrid Consensus Mechanism : TrueChain combines Practical Byzantine Fault Tolerance (PBFT) with a modified version of Bitcoin’s Proof-of-Work (PoW) algorithm . This hybrid consensus mechanism aims to ensure both security and efficiency on the network , allowing for fast block confirmation while maintaining decentralization .
3. Developer Tools and Support : The TrueChain project focuses on providing comprehensive developer tools, documentation, and resources to facilitate the creation of dApps on their platform . They aim to foster an ecosystem where developers can easily build innovative applications .
4. Community Governance : TRUE token holders have the ability to participate in governance decisions through voting mechanisms. This allows community members to influence important protocol upgrades or changes within the TrueChain ecosystem.
5. Interoperability Initiatives : TrueChain recognizes the importance of interoperability between different blockchain networks and is actively exploring solutions for seamless integration with other platforms through cross-chain communication protocols .
6. Partnerships and Adoption Efforts : Like many blockchain projects, TrueChain strives to establish strategic partnerships with industry players that can contribute to its growth and adoption . Collaborations may include working with enterprises, academic institutions, or other blockchain projects .
It’s essential for interested individuals or investors to stay updated with official channels for more information about ongoing developments and updates from the TrueChain team regarding these projects .
Factors affecting price:
The price of TrueChain (TRUE) coin, like any other cryptocurrency , can be influenced by various factors . Here are some key factors that may impact the price :
1. Overall Market Conditions : Cryptocurrency markets are often influenced by broader market trends and sentiment . Factors such as overall market volatility, investor confidence in cryptocurrencies , and macroeconomic conditions can affect the demand for TRUE tokens .
2. Adoption and Usage : The level of adoption and usage of the TrueChain platform can influence the demand for TRUE coins. Increased adoption of TrueChain’s infrastructure or successful deployment of decentralized applications on the network may contribute to a positive perception among investors .
3. Technology Developments : News about technological advancements , upgrades to the TrueChain protocol , or improvements in scalability and security features could generate interest among investors and potentially increase demand for TRUE tokens .
4. Partnerships and Integrations : Collaborations with other blockchain projects or partnerships with established entities within industries can help raise awareness about TrueChain and attract more users to its ecosystem . Positive news related to partnerships may have a positive effect on token price .
5. Regulatory Environment: Changes in regulations concerning cryptocurrencies or blockchain technology could impact investor sentiment towards projects like TrueChain .
6. Competition : The presence of competing platforms offering similar services might affect user adoption rates and consequently influence the value of TRUE coins.
It’s important to note that cryptocurrency markets are highly volatile, so these factors should be considered alongside thorough research before making investment decisions regarding TRUE tokens or any other digital asse t.
Where can I buy TrueChain Coin (TRUE)?
TrueChain Coin (TRUE) Baseline Assessment :
The market cap of the TrueChain (TRUE) coin is 634.355 and its circulating supply is 23.661.890 units. Its maximum Supply is 100.000.000 units, with a fully diluted valuation of $ 2.680.916.
What is the high price point for TrueChain Coin (TRUE)?
TrueChain (TRUE) highest price is $3.71 recorded on May 14, 2018. The current price is -99.29% lower than the all-time high .
What is the low point of the price for TrueChain Coin (TRUE)?
TrueChain (TRUE) token’s lowest price was $0.01026 on Dec 22, 2022
TrueChain Coin (TRUE) Technical Outlook:
TrueChain ( TRUE ) coin, which was $1.18 on May 27, 2019, dropped to $0.01044 on Dec 19, 2022 . Although it went up to $ 0.04728 with an increase of 331% from here , it could not be permanent . Although he tried to pass this level 3 times in the last weeks , he needed help to stay above this level . It looks like the bulls need more trading volume to hold the price above this level . Weekly closings above $0.03440, which is the region where the volume is highest from the beginning of the downtrend , will strengthen the bulls’ hand . The $0.01628 and $0.01070 levels should be followed as support points for possible pullbacks .
Our support zone : $0.01628 – $0.01070 sequential resistances: $0.03440 – $0.04053 – $0.09164 – $0.14459 – $0.40612 – $1.18
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .