True USD Price Prediction
Best advise? Study these charts 📖
Today's ForecastsTrue USD(TUSD) opened trading today at $1.00. It achieved a Market high of $1.01 and a subsequent Market low of $0.99, Representing a change of $-0.0013 and price percentage change of -0.13% . Its current Price is $1.00 representing a market share of 0.04% only.
A total volumn of $56,516 worth of True USD traded hands today, achieving a Maximum Market Cap of $141,567,792 for the day.
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The Bull Case 🐃 for True USD
Many people are looking to invest in digital assets (including True USD) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for True USD as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, True USD has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
True USD is currently trading around $1.00.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of True USD
TrueUSD, part of the TrustToken asset tokenization platform, is a blockchain-based stablecoin pegged to the value of USD. In the TrueUSD system, U.S Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company. The contents of said bank accounts are published every day and are subject to monthly audits.
If someone wants to obtain TrueUSD through the online application, they will need to pass a KYC/AML check. Once that’s complete, they can send USD to one of TrueUSD’s trust company partners. Once the funds are verified by the trust company, their API will instruct the TrueUSD smart contract to issue tokens on a 1 to 1 ratio and to send them to the Ethereum address associated with the account at hand.
Once in the wallet, the tokens can be transferred to a friend or used as payment, combining the advantages of fiat (stability and trust) with those of cryptocurrencies (reduced fees and transfer times). The user can also redeem real US Dollars by sending the TUSD tokens back to the smart contract address, which will notify the trust company, and initiate a bank transfer to the user’s account.
TUSD Trading Stats for Today - 2020-07-03 08:57:34 +01:00 BST
|Current Supply||141,709,360 TUSD|
|Total Supply||9,574,114 TUSD|
|24h Volume (coin)||56,337 TUSD|
|24h Volume (currency)||$56,516|
|Last updated||2020-07-03 08:57:34 +01:00 BST|
Other Price Forecasts similar to True USD(TUSD) :
Common TUSD Price Prediction Questions
What is True USD’s potential future value?
TUSD's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what True USD is and what it does. This is because True USD's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can TUSD make you one?
What is going on with True USD's price?
In order not to be too rattled, read our Fundamental analysis above on True USD to know if it’s a good hodl.
How high will True USD go?
No one really knows for sure. We however predict TUSD might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is True USD(TUSD) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of True USD to see its expected value. You can also visit True USD's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The True USD website page will quickly provide you with that value.
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Why is True USD's price going down?
It’s difficult to tell right now as the daily TUSD candle hasn’t closed. However a quick way to know the reason for any sudden disruption in True USD's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for True USD, Simple click the Social Button on this page, located immediately below the Price Charts.
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TUSD Live Prices Data
True USD Daily Price History
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