Table of Contents:
- Coin prognosis
- What is True USD coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
Our data is bearish on True USD Possible downside
Over the past few weeks, True USD's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying TUSD at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
What is True USD? Fundamental Analysis
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.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Apr 17, 2021 | $1.0040 | Neutral |
| May, 2021 | $ 1.0018 USD | Downside |
| June, 2021 | $ 0.9998 USD | Downside |
| July, 2021 | $ 0.9997 USD | Downside |
| October, 2021 | $ 0.9997 USD | Downside |
| April, 2022 | $ 0.9997 USD | Downside |
TUSD Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will True USD rise today? | Our data indicates True USD will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of True USD (TUSD) in future? | Our analysis shows True USD is already past it's immediate all time high, indicating a bearish signal! |
| Will True USD (TUSD) price increase in future? | No. Our algorithms indicate that True USD (TUSD) will experience a significant decline in future. As low as $0.9997/TUSD |
| Will an Investment in True USD (TUSD) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of True USD (TUSD) in future? | $0.9997 USD |
| Will the price of True USD (TUSD) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 True USD? | Our analysis shows an end of year prognosis of 1TUSD = $0.9997 USD. |
| Where do I buy True USD? | We have curated some great options. Buy TUSD coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like TUSD has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| April 7, 2021 | $0.9999 | $302,171 |
| April 6, 2021 | $1.001 | $26,306 |
| April 5, 2021 | $0.9999 | $350,944 |
| April 4, 2021 | $0.9999 | $268,859 |
| April 3, 2021 | $0.9991 | $465,839 |
| April 2, 2021 | $1 | $575,082 |
| April 1, 2021 | $1.002 | $452,774 |
| March 31, 2021 | $0.9993 | $575,622 |
| March 30, 2021 | $0.9999 | $321,450 |
| March 29, 2021 | $1.001 | $485,595 |
| March 28, 2021 | $1.001 | $203,833 |
| March 27, 2021 | $1.001 | $27,394 |
| March 26, 2021 | $0.9995 | $46,195 |
| March 25, 2021 | $0.9981 | $69,745 |
| March 24, 2021 | $0.9996 | $62,477 |
| March 23, 2021 | $0.9988 | $44,763 |
| March 22, 2021 | $1.001 | $51,036 |
| March 21, 2021 | $0.9996 | $34,271 |
| March 20, 2021 | $0.9992 | $28,684 |
| March 19, 2021 | $0.9996 | $41,150 |
| March 18, 2021 | $0.9995 | $54,267 |
| March 17, 2021 | $1.001 | $62,005 |
| March 16, 2021 | $1 | $62,588 |
| March 15, 2021 | $0.9974 | $75,168 |
| March 14, 2021 | $0.9999 | $34,795 |
| March 13, 2021 | $0.9998 | $57,857 |
| March 12, 2021 | $1.001 | $54,274 |
| March 11, 2021 | $0.9997 | $59,247 |
| March 10, 2021 | $1.002 | $70,120 |
| March 9, 2021 | $1.002 | $53,846 |
