This Ethereum-Based Altcoin Could See a Significant Price Surge
Popular crypto analyst Credible Crypto, who has a substantial following on Twitter, has predicted a considerable increase for the Ethereum-based altcoin, OriginTrail (TRAC).
The analyst informed his followers that TRAC could potentially rise more than 100% after experiencing a 78% increase in price this week.
TRAC, a blockchain protocol for logistics and supply chain management, facilitates the secure storage and management of critical information in a decentralized fashion. Currently, the token is trading at $0.44.
However, the trader predicts it will soon reach $0.93, a 111% increase from its current price.
Credible advised that the next best entry point would be on a retest of the $0.35 level, which could occur after a momentary dip.
At the start of the surge, the analyst revealed that he added to his TRAC holdings during an accumulation range between $0.27 and $0.34, bringing his average cost down to around $0.35.
READ MORE: Ethereum (ETH) Positioned For a Correction?
“If you are on the sidelines, the next best entry would be on a retest of the $0.35 level.
No guarantees we get it, but it’s a logical place for us to test if/when we take a breather from this pump and a good chance to re-load/hop on the train if you missed it the first time.”
Credible expects a new all-time high for TRAC in this cycle and has set a target of 3x-4x, around $1. He cites the token’s $100 million market cap, zero inflation, and AI narrative for his bullish outlook.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
