Topic: $TRACE to $1? (Read 184 times)

Trace is a good project and of course at a price of $ 0.038 for me Trace is still very cheap, with a circulating supply according to coinmarketcap it is still 48 million I think going to $ 1 can happen,
it's just that Fomo metaverse and Bullish returns are one of the conditions for Trace to reach $ 1 ,
yes for fundamentals I think Trace is still good for investment, it's just possible if they are able to list on several top tier exchanges I'm sure Trace can be more secure.

Trace is teaming up with top #Web3 Brands, designers, influencers & more to bring you Metaverse-ready Branded Digital Wearable Swags on Trace's #BLING..

"""It's time to invest in the future of fashion with $TRACE token, now listed on major exchanges. Get in on the action and be a part of the metaverse revolution. Get your tokens now."""

No, definitely not this year. Even if this coin suddenly starts to grow, the catalyst for powerful growth can only be a new global bullrun. Until that happens, this coin will not reach its new ATH. Also, we should not rule out the possibility that this coin will never reach its ATH. Such cases are not uncommon even among the largest altcoins, so it will depend on the funds whether they want to continue supporting this coin or whether they have already fixed the profit and now they are not interested in this project.

Well it is hard to say if it will get to $1 this year but from history on coinmarketcap I found out it has already gain an ATH of $0.9845 which was ~$1. I am not really a fan of altcoin because they are very hard to predicts and are not 100 percent trusted, but however, they might gain a new ATH maybe this year or possibly next year after bitcoin halving since most of the altcoin are being driven by bitcoin price movement.
How come they are not famous like other altcoin out there or could it be they aren't focusing on marketing and promotion?

You cannot use technical analysis on an asset which has such a low volume and market cap as they are subject to be manipulated, and after taking a look at this coin it is obvious this is the case as in a single day it grew 1400% and then it crashed the next day by roughly 55%, this is not the kind of project in which a person should invest as the losses you can incur are massive and impossible to foresee, so any ability you may have as an investor becomes useless as you are only depending on your luck.

I think all the details are already posted by the OP but there might be some that he miss so we can dig deeper to prove if this project here is truly worthy to have for the long term, along with other existing investments. It was cheap because it's still new but the majority of the coins are also dumping because we are still a bearish season.

It might be a good opportunity to grab your favourite coins as it seems that the market is showing a sign that the bear is now ending and then the bull run will replace it. Trace is in the lower ranks according to CMC but coins on the top list doesn't always mean to be really good. Some of them are just being pushed based on manipulations and hypes so don't worry.

Trace Network can indeed be said to be a good project, especially if we analyze it technically too Trace has a very cheap price,
ou can see on coinmarketcap Trace is very in the lower ranks and in my opinion this token really can reach 1000% in a bull market,
if looking to buy Trace this is a good time for a long term hold.

If it does it won't be on a huge scale.  Nothing is moving 20x in this market that went from micro to small cap to get it to large cap.  Right now it has around a 10btc daily volume which isn't much so it can be manipulated that high with the right pump but it will never be sustained.

Trace Network is the new Decentraland and $TRACE is the new $MANA. Don't miss out on this opportunity to accumulate and watch your investment grow.

All eyes on $TRACE of trace_network A gem thatI'm considering adding some more stash of it to my bag.

This is no doubt the best time to load up for the coming bullrun!

Really Interesting Metaverse project, i just checked their profile really looking strong, good backers. This project will surely reach $1 in the bull run.
I also aped from Huobi Global.

$TRACE recently pulled a 30x and is now has found support at 20x.

Could it reache $1 this year?

It can easily do it and  let me tell you why :

Trace Network Labs is enabling a full stack Metaverse technology for businesses & individuals to launch their own 3D experiences with all the components being powered and built natively using Blockchain including and first of it’s kind web3.0 native real looking BUDDY avatars. You can relate with it like we are SHOPIFY of metaverses. Further, using the same technology it is helping Fashion & Lifestyle businesses & individuals to launch their own experience stores, events, concerts etc.

TRACE network’s team consists of experience of industry veterans and energy of young founders to keep the aggression as well as sanity. While one Sunil (co-founder) of Trace brings huge network, relationship, sales & technology experience on table, Lokes Rao (co-founder) has ability to work round the clock & deep understanding of the technology as well as industry to scale the business.

Sunil https://www.linkedin.com/in/sunilaroraue/ & Lokesh https://www.linkedin.com/in/mrraolokesh/ (The Founders) have worked for more than 35 years in the fashion industry. They have been working with manufacturers, sourcing companies, biggest of the brands including ASMARA, Technopak to name a few.
Hollister , Abercombie & Fitch, Mango, Erima, Cecil, Tom Tailor, Zara, Cleo, Allen Solly

These are just a few of the brands handled by ASMARA. Both ASMARA and Technopak hold more than 50% market share, globally.
Trace is an integral part of these companies, working hand in hand to Digitize Fashion. Which means Trace has already onboarded these brands and are going to make announcements when the time is right.

Sunil & Lokesh, having been dealing with these brands for the last few decades, speaks about the relationship they have and the amount of business they are already getting.
Partners : Polygon, Huobi, Magic, Biconomy to name a few.

Products
BUDDY: Their digital avatars minted as NFTs and interoperable across different platforms & chains. Somewhat shitty as they need to improve on quality. But they are real life looking avatars.
BLING: Marketplace for their own merchandise for avatars namely BUDDY. Notably, the NFT avatars are wrapped NFT ( unique in current market too). Means you can wear different clothes and they are NFTS too. Hence tradeable on marketplace BLING.

METASTACK: The infrastructure layer they have developed is being used to build metaverse related products on top of it. As they say, I haven't tested or used the contracts yet. They are not public.
PARIZ: The FASHION metaverse (Avocado sandwich we discussed above)  which has already onboarded a few of above brands we discussed. It will be a site when BUDDIES roam around this fashion metaverse PARIZ and try different clothes available through their marketplace

BLING.
TRACE network raised approximately $2 million in seed round at $7m FDV from these investors. The only respectable names though, for me, are Jump Crypto & Polygon. All others are flippers imo & seems they have already off loaded their bags (unlocked tokens) already.
$TRACE is so undervalued currently. With FDV at 1.5 Mil it’s already trading 5x below seed price.
$TRACE is currently available on GATE.io & Huobi Global.  
Huobi: https://www.huobi.com/en-us/exchange/trace_usdt
Gate: https://www.gate.io/trade/TRACE_USDT
Website: https://trace.network