TrueFi is an uncollateralized lending DeFi protocol, powered by the TRU token and an on-chain credit model — the first of its type.
TrueFi loans are made to vetted, institutional-grade borrowers like Nibbio, Alameda Research, Amber Group, and Wintermute Trading, who, once approved, get access to fast cryptocurrency loans with no collateral requirements.
Decisions on new borrowers joining the platform, the terms of each loan, and the overall direction of the TrueFi protocol are in the hands of TRU holders, who conduct such activities in return for token rewards in the form of TRU and a cut of the interested generated by the platform’s lending activity.
TrueFi was made possible by a union of centralized and decentralized finance. Launched by TrustToken, known for launching and operating the popular TUSD stablecoin, TrueFi is moving quickly through progressive decentralization.
TrueFi Technical Analysis
Even though 100% accurate technical analysis for TrueFi cryptocurrency is barely possible, on this advanced technical analysis tool by TradingView you can notice the real-time aggregated TRU buy-and-sell rating for the selected timeframe. The summary for TRU/USD is based on the most widespread technical indicators — Moving Averages, Oscillators, and Pivots.
TrueFi Price Prediction
Below, we have gathered the most reliable TrueFi (TRU) price projections from famous forecast platforms.
WalletInvestor TRU Price Prediction for 2021, 2023, 2025
According to WalletInvestor, TrueFi price will grow from $0.3297 to $0.526 in one year. That makes TRU an awesome investment. The long-term earning potential is 59.54%. Predicted price for the end of 2026 is $1.231.
TradingBeasts TRU Price Prediction
Answering if TrueFi is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.5723910 with a reduction to
$0.5626242 by the end of 2022.
DigitalCoin TRU Price Forecast
In DigitalCoin analysis, the price of TrueFi cryptocurrency will rise in the next 5 years starting from $0.2654412 as of today’s price to $0.8839113. It will go up to $0.4493045 by 2022 and continue its growth in 2023-2024. Based on this forecast, TrueFi is a profitable long-term investment.
As it can be evident from the analysis cited above, TrueFi (TRU) projections are somewhat contradictory, and there is no universal consensus about positive or negative future TRU price movements. Indeed, the possible future growth relies on various factors: new technological solutions of the TrueFi projects, announcements, the crypto environment in general, legal position, and so on. Before investing in any cryptocurrency, it is recommended to do your own research that is essential.
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