Average Daily Volume
TrueFi is currently ranked number 484 worldwide with a daily trading volume of $10,648,044.00, which it will make it super easy for you to sell your holdings of TrueFi.
Rating: 5/5
Market Cap
TrueFi has a total market cap of $45,197,181.00.
Rating: 3/5
Community
TrueFi has 5,217 total followers in all its social media accounts.
Rating: 0/5
All Time High
TrueFi is currently -95.38% from its highest price $1.02 on 2021-08-12.
Rating: 5/5
Price Potential
The TrueFi price has the potential to increase to $49.83 during the next cryptocurrency bull market, which may occur within the next five years.
Overall Score
Our algorithm believes it is an excellent time to invest in TrueFi right now.
Overall rating: 4/5
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What Is TrueFi?
It is a DeFi uncollateralized lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrencies with predictable loan rates without the need to pledge collaterals like Aave, Compound, and Venus. In the long term, TrueFi aims to become a market-driven, automated credit rating and lending system. This will demand building beyond the rigid, conservative constraints such as minimum/maximum APY and high TRU participation factor. It will also require increased levels of responsibility from users, especially for onboarding new borrowers beyond the pre-approved whitelist and approving new loan types.
