TrueChain (TRUE) is rather a new coin, still ranked above the top 100 coins, being traded as the 123rd-best coin in accordance with its market capitalization. The reason to write about TRUE is its previous performance in the last two months, which made it one of the top performing coins. Given the fact that TrueChain is a newbie around the crypto waters, we are interested in finding out more about TRUE as well as revealing the reason behind having this currency spiking against the market.
TrueChain is Heading to the Moon
TrueChain (TRUE) seems to be progressing pretty quickly, despite the fact that the majority of currencies were going down for a prolonged time in more than one period at the time during the last two months.
During the period of the last 60 days, TRUE has managed to collect a set of rises in a total of 320% against the dollar, while trading in the green, making it one of the top trading coins in the course of the last two months.
April was even more benevolent to TRUE than the month before, so we could see TrueChain gaining a total of 540% in rises during the course of only 30 days, that way surpassing its previous pace of growth against the dollar.
While some of the top currencies have barely managed to collect a set of rises of near and around 100% against the dollar in the course of 60 days, TRUE collected 120% of rises in the course of only two weeks, that way showcasing its dominance in oppose to the situation in the market.
The last 7 days were marked with the sign of a brief dip as the majority of currencies were going down while trading in the red, so a great portion of cryptos went in the red zone, losing on its value during the course of a week.
TRUE was a different story as even despite the dip that went on for 7 days, TrueChain went by 6% up against the dollar during the last week, while we can still see it rising in the period of the last 24 hours.
The day before the day of this writing, on May 12th, TrueChain (TRUE) went over 44% up against the dollar, while we can see it going up for over 30% today.
How Come True Chain is Rising Up so Fast?
TrueChain stands for a blockchain-based ecosystem that is aiming at changing the way the digital advertising works. Driven with the fact that small and medium companies don’t get their portion of the mentioned industry, at least not in a fair way, TrueChain wants to change that and give the small guys a chance to have a saying in the digital advertising industries.
With this motif, TRUE had an idea to solve this problem and enable full transparency in the world of digital advertising, that way representing a direct opposition to the traditional fraudulent click-bait ads.
Since digital advertising is a pretty important industry in the modern world, many people are interested in investing in TRUE as well as using the services provided by TrueChain ecosystem.
Given the fact that TRUE is offering amazing deals for digital advertising at low costs and at full transparency, it is no wonder that this currency is gaining on its popularity as fast as it does.
TrueChain and the Market
TrueChain (TRUE) has been doing pretty well for the past two months, even though a great portion of that period was marked with a sign of the most recent market dip. Even after the most recent trend of having the majority of currencies going down while trading in the red, TRUE still managed to come out with a portion of gains.
Now that we can see that the market is turning green again, with the majority of currencies going up against the dollar, TrueChain is going up by 30.01% against this fiat currency.
In addition to rising up against the dollar, TRUE is also going up in oppose to BTC and ETH. TrueChain is trading up against Bitcoin by 25.60%, while we can see this currency trading up in the green against Ethereum by 17.69%.
After the latest change in its price that took place in the last 24 hours, TrueChain (TRUE) can be currently traded at the price of 2.90$, where it can be easily seen reaching the value of 3$ in the following days and going above the mentioned price.