Utrust (UTK) Price Prediction – 2022, 2025, 2030
Utrust (UTK) Overview
|💱 Ticker Symbol||UTK|
|💸 Market Cap||$47,689,631|
|🚀 Trading Volume||$2,714,690|
|📈 Price Change (24h)||5.20%|
|💰 Current Supply||500,000,000|
- Bullish Utrust (UTK) price predictions range between $0.429207 and $0.934717 by 2030.
- Market analysts believe UTK could reach $0.429207 by 2025.
- Bearish Utrust market price prediction for 2022 is $0.076303.
Utrust (UTK) Introduction
UTK (Utrust) is a cryptocurrency payment system based on the Ethereum blockchain. The UTK system includes blockchain and aspects of conventional monetary systems to revolutionize the payment and finance sector. Investors can use the Utrust network to shield themselves from the volatility of cryptocurrency prices, go for refunds, and trade securely.
In this article, we will read in detail about Utrust Price Prediction, token (UTK), fundamental and technical analysis, minimum and maximum price level, and UTK price forecast.
What Is Utrust (UTK)?
Utrust wants to develop into a cryptocurrency that individuals and organizations can use to purchase products and services.
The platform offers consumer protection, which is something typical internet retailers take for granted. The site also aims to serve as a mediator in disputes over payments and weak transaction payment methods.
Utrust, which runs on Ethereum, aims to create a system that rapidly makes it possible for consumers to swap cryptocurrencies for less money. The site also hopes to attract many cryptocurrency owners by enabling instant crypto-to-cash payment for retailers.
The platform’s goal is to create a transaction API for market integration. API (Application programming interface) is a group of tools for developing software and protocols that enable businesses to share application data.
Utrust (UTK) Technical Analysis
Technical analysis is a technique for predicting an asset’s price direction based on its historical market volume and price. You can apply a few potentially helpful technical indicators to increase your chances of successful trading.
An indicator called OBV uses an asset’s volume flow to forecast price movements and assess how strong sell or buy signals are. You can use it as a cumulative predictor, which means:
- When the UTK’s price closes higher, that day’s volume is added to the OBV’s total.
- When the UTK’s price closes lower, that day’s volume is subtracted from the OBV’s total.
- No need to do any calculations when the price remains the same.
The idea is pretty straightforward. When volume pressure is positive, there are chances of a price rise; when it is negative, there is a probability of a fall in price.
Utrust Oscillators to Identify Maximum and Minimum Price Value
An oscillator is also a valuable tool to analyze a cryptocurrency technically. It helps in constructing low and high low bands between two outermost values.
After this, a trend indicator is built that swings within these limits. Traders use this indicator to discover oversold conditions or short-term overbought of UTK.
50-Day SMA for UTK
If you want to know the average forecast price of Utrust for 50 days, then use the 50-day SMA. The indicator is frequently used for determining an asset’s price trend over a specific time frame. A positive medium-term price trend for UTK is indicated by an increasing 50-day SMA, whereas a declining SMA is a reverse.
The calculation of 50-day SMA is done by adding up the closing prices over the previous 50 days and then dividing that sum by 50.
200-Day SMA of UTK
Another well-known indicator is the 200-day SMA is used to identify an asset’s long-term price drift. The long-term trend is positive when there is an increasing 200-day SMA for Utrust. However, a dropping 200-day SMA indicates that in the long term, currency will trend downwards.
This indicator has five lines, each of which shows averages over predetermined periods. A trader can choose how long these intervals should be. They are among the most observable technical indicators, making them simple to understand.
Additionally, they indicate momentum, trend direction, resistance, and support levels and offer a variety of trading alerts.
A “cloud” is created when two lines cross, and the space between them gets shaded. Therefore, the trend is up when the price is higher than the cloud, and the trend is down when the price is beneath the cloud. The direction is pretty strong if you observe the cloud moving in the same direction as the price.
Utrust (UTK) Fundamental Analysis
Examining social, political, financial, and economic issues that affect pricing refers to fundamental analysis. It is significant to gather data regarding interest rates, manufacturing trends, gross domestic product, and unemployment rates to accurately predict an asset’s price.
The native token, or UTK, is what individuals and businesses use for public or private transactions on the Utrust network. UTK is a standard ERC-20 token that specifies how buyers can retrieve data and transfer tokens between each other.
The site supports UTK tokens and charges just 1% of the user’s payment in the form of their preferred fiat or cryptocurrency. Utrust also intends to be a deflating utility token that supports the native token’s value growth even during volatile market conditions. In fact, the Utrust platform employs a burning strategy to maintain a balance between token supply and demand while promoting transaction development. Cryptocurrency burning occurs when a small number of tokens are transferred to a wallet without a private key, resulting in the tokens’ permanent loss.
Background of UTK (Utrust)
Utrust was founded by Filipe Castro, Roberto Machado, and Nuno Correia to revolutionize internet payments. The business released the UTK whitepaper in 2017.
In 2017, the Utrust project launched an ICO (initial coin offering) of $1.5 million on the Ethereum blockchain to gauge public interest in the UTK payment network. Utrust later finished the $49 million ICO launching round by collecting contribution tokens in ETH and BTC.
Factors Affecting Utrust’s Price
Numerous elements impact the value of Utrust. Like all digital currencies, it had a fixed supply when it was first launched. This indicates currency’s devaluation or inflation is not in the hands of the government. The cost may increase due to scarcity.
Sometimes, developments in the overall economy cause the UTK exchange rate to fluctuate. For instance, despite the COVID-19 pandemic hurting economies worldwide, numerous cryptocurrencies achieved tremendous increases in 2020. This might be due to people using cryptocurrencies in response to poor national economies.
Governmental regulations significantly impact the cost of Utrust. The crypto market can move lower or higher depending on government intentions for legalized cryptocurrencies, mining regulations, investment policies, and tax laws.
Newsmakers have a growing impact on the average trading price of a cryptocurrency. The cryptocurrency’s price frequently increases when a billionaire businessman tweets praise for it. Celebrities are spreading the word about cryptocurrencies and NFTs to millions of social media followers. These endorsements from celebrities have a great impact on crypto values.
Utrust (UTK) Current Price
Utrust is currently worth $0.095379 USD. UTK has moved 5.20% in the last 24 hours with a trading volume of $2,714,690. Utrust is currently ranked 337 amongst all cryptocurrencies with a market capitalization of $47,689,631 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Utrust (UTK) to decide wether it is going to have a bullish or bearish year.
Utrust (UTK) Price Prediction
|Year||Minimum Price||Average Price||Maximum Price|
Price prediction data provided by Utrust Price Prediction
Utrust (UTK) Price Prediction 2022
Utrust, according to some, is one of the most amazing cryptocurrencies to rise this year (UTK). The UTK price forecast for 2022 anticipates a significant increase in the year’s second half, possibly reaching $0.143069.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.133531 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. UTK is expected to have a minimum value of $0.114455.
Utrust (UTK) Price Prediction 2023
In 2023, Utrust UTK price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of UTK will soon surpass $0.238448. However, we should wait to see if the UTK’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, UTK will trade with a minimum trading price of $0.190759 and an average trading price of $0.209834.
Utrust (UTK) Price Prediction 2024
If the upward trend continues until 2024, it could reach $0.333827 and UTK may profit. If the market experiences a decline, the goal may not be met. UTK is expected to trade at an average price of $0.305214 and a low of $0.286138 in 2024.
Utrust (UTK) Price Prediction 2025
If Utrust successfully boosts market sentiment among cryptocurrency enthusiasts, the UTK coin price could remain stable for the next five years.
According to our projections, UTK will be green in 2025. The UTK is expected to reach and surpass its all-time high in 2025. In 2025, the virtual currency will be worth $0.429207, with a minimum price of $0.381517 and an average price of $0.400593.
Utrust (UTK) Price Prediction 2026
After some extensive forecasting and technical analysis, we estimate the UTK price is expected to cross an average price level of $0.495972 by 2026, with a minimum price of $0.476896 expected before the end of the year. Furthermore, UTK has a maximum price value of $0.524586.
Utrust (UTK) Price Prediction 2027
Due to the future partnerships that are expected to happen by 2027, we are expecting that a bullish trend will continue, bringing the average price to around $0.591351. If UTK manages to break the resistant level in 2027, we could see a maximum price of $0.619965, failing to gather the support UTK needs by 2027 could result in a low of $0.572276.
Utrust (UTK) Price Prediction 2028
While UTK is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.667655 and a yearly price close above $0.715344 in 2028.
Utrust (UTK) Price Prediction 2029
By 2029, Utrust will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.763034 and potentially reach a maximum price value of $0.810724, averaging out at $0.78211.
Utrust (UTK) Price Prediction 2030
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2030, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum UTK price in 2030 is projected to be $0.934717 in the event of a bull run, with an average price level of $0.896565.
The Utrust platform enables businesses to take payments in digital currencies. It aspires to make digital currencies accessible to regular users while offering buyer security and legitimacy to traditional payment channels. Utrust is at the junction of cryptocurrency, mobile payments, and online shopping with a UX for customers and an API for retailers.
The founders of this currency believe that cryptocurrency is the foundation of an inclusive and more open financial system.
The long-term goal of Utrust is to dominate the online consumer currency transactions market by offering a reliable blockchain payment method to top companies worldwide. Investing in cryptocurrency is a highly risky business; therefore, make sure to do your own research, analyze the cryptocurrency market and take investment advice before you buy UTK.
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What is the Utrust (UTK) price today?
Today, Utrust (UTK) is trading at $0.095379 with a total market capitalization of $47,689,631.
Is Utrust a good investment?
Utrust proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that UTK is a good choice of investment.
How high can Utrust go?
The average price of Utrust (UTK) can possibly reach $0.133531 this year. Over the next 5 years, it is projected that Utrust may surpass $0.619965.
How much will Utrust be worth in 5 years?
Based on the rising popularity of cryptocurrency and Utrust, a long term investment in UTK could see the price rise to $0.619965 within the next 5 years.
How much will Utrust be worth in 10 years?
If you invest in Utrust today, as with any investment, a long term increase is expected. The price of UTK could possibly rise to $1.12 within the next 10 years.
What will the Utrust price be in 2023?
Utrust (UTK) price is expected to reach $0.238448 by 2023.
What will the Utrust price be in 2024?
Utrust (UTK) price is expected to reach $0.333827 by 2024.
What will the Utrust price be in 2025?
Utrust (UTK) price is expected to reach $0.429207 by 2025.
What will the Utrust price be in 2026?
Utrust (UTK) price is expected to reach $0.524586 by 2026.
What will the Utrust price be in 2027?
Utrust (UTK) price is expected to reach $0.619965 by 2027.
What will the Utrust price be in 2028?
Utrust (UTK) price is expected to reach $0.715344 by 2028.
What will the Utrust price be in 2029?
Utrust (UTK) price is expected to reach $0.810724 by 2029.
What will the Utrust price be in 2030?
Utrust (UTK) price is expected to reach $0.934717 by 2030.