TROY is one of the cryptocurrencies that is currently soaring in the crypto market. With a growth rate of 240.48%, the coin has helped numerous investors gain huge profits in the market. This sharp bull run has caught the attention of many investors in the market.
The coin is one of the primary tokens that is used in the Toy Trade platform. It is a platform that specializes in crypto asset management and transactions. The coin has several use cases within the system. This upward momentum which kickstarted on the 27th of this October is in full trend now.
In this article, we will look into this possible outbreak and the factors that triggered it. We will also see how the coin will fare in the coming month.
TROY Current Market Standing
The TROY is currently setting the market on fire with a growth rate of 78.24% in just the last 24 hours. Following its listing into Bitget and Binance, the coin is trading at $0.004348 in the market. Four weeks prior, the coin’s market value was standing at $0.001326. Even though the coin was showcasing positive trends in the market, it didn’t amount to much. But, this all changed on 27th October. From there, the coin shot up straight and is continuing its rally even now.
With a total circulating supply of 8.63 billion, the market capitalization of the coin is currently at $37.46 million and is increasing rapidly. As the trading volume of the coin continues to shoot up, it is expected that the coin’s price will further exceed our expectations in the coming days.
Looking to Buy TROY? Here’s a Step-by-step Guide
With the performance, it is showcasing in the market many people are looking to buy the coin. If you’re also wondering the same thing, you came to the right place. Here is a step-by-step guide on how to do so, please refer to it.
- Choose an exchange: At first, you have to choose an exchange to buy the coin. For this conduct careful research and choose one that is compatible with the TROY token.
- Fix a budget: Before you proceed with buying the coin, it is important to have a budget in mind. This is one of the crucial processes in investments, so it needs to be thought out carefully.
- Fund your exchange account: Now that the exchange and the budget are fixed, the next step is to fund your exchange account. For this, you can use various payment methods like credit or debit cards, P2P trading, and direct bank transfers.
- Browse for the coin: Find the coin in exchange and input the amount of coin you want to buy and other necessary information associated with it.
- Payment: After checking the information you provided, proceed with the payment.
After the transaction is verified, the tokens will be credited to your wallet in the exchange.
TROY Token Price Prediction: What the future holds for it
As the TROY is currently in its rally in the market, many investors are wondering whether it is a short-term spike or a long-term growth. To clarify this, we have put together a detailed price prediction table for the coin. You can refer to it if you are wondering how the coin will fare in the market in the coming years.
| Year | Min Price | Avg Price | Max Price |
|---|---|---|---|
| 2024 | $ 0.004229 | $ 0.0051385 | $ 0.006048 |
| 2025 | $ 0.004858 | $ 0.006742 | $ 0.011406 |
| 2026 | $ 0.003994 | $ 0.004493 | $ 0.006156 |
| 2027 | $ 0.003784 | $ 0.004012 | $ 0.004594 |
| 2028 | $ 0.003596 | $ 0.004388 | $ 0.013661 |
| 2029 | $ 0.006358 | $ 0.014304 | $ 0.033672 |
| 2030 | $ 0.00272 | $ 0.005017 | $ 0.011924 |
Note that the above given prices are susceptible to changes in market trends, and can vary accordingly.
Is TROY a good buy?
As the crypto market flourishes, numerous coins are on the rise. TROY is one such coin. With a weekly and monthly increase rate of 102.07% and 239.35%, the coin is making huge strides in the market. The coin is yet to show any signs of stoppage. As the coin is currently listed on Bitget and Binance, we can further see the price of the token climbing higher in the coming days.
But it should be noted that the coin is on the verge of overbought territory. You also need to take into account the fact that the top 10 holders of the coin have the 98%. So, if they decide to sell off these tokens in one go, this can drastically impact the price of the coin in the market. So, there is a chance that the coin will face a dim in the coming future.
However, if you’re still considering investing in the coin, make sure to conduct thorough research on the coin and the various trends in the market before proceeding.
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