UTRUST Price Analysis: More Room For Recovery?

Published on January 16th, 2019

The price of UTRUST (UTK) tokens hit a high of $1.17 (0.00008055 BTC) at a 24h trading volume of $11,850,700 on January 10, 2018. It then hit a low of $0.020967 (0.00000643 BTC) at a 24h trading volume of $103,934 on Dec 17, 2018 – the same day as Bitcoin’s 1 year all-time high anniversary.

It seems that the crypto winter bear market has hit it especially hard – the UTRUST price declined with 98% in dollar terms and 92% in bitcoin terms from its all-time high to low. This may sketch a very gloomy picture, but all may not be lost given the general uptick in crypto prices across the board since early December’s low.

The price of UTK tokens is currently (Dec 26, 2018) trading at $0.025004 (0.00000653 BTC) at a 24h trading volume of $291,617. This is up 19.25% in dollar terms and 1.6% in bitcoin terms. Will the price of UTK further recover? Are more price increases coming down the pike? I don’t have answers to these questions, but let’s do a UTRUST price analysis to see what we can learn from the recent past.

UTRUST Price – 24h Closing Prices And Trading Volumes

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See the table below. It is a mixed bag at best. Nonetheless, it is encouraging to see that trading volumes have picked up over the last few days and are well above the 8-day average of $193,752. It is also encouraging to see the UTRUST price is trading above the 8-day average of $0.024935, even if only by a small margin.

The price of UTRUST can go anywhere from here. However, there might be room for further recovery given what UTRUST is aiming for – being nothing short of the ‘PayPal’ of crypto. There are several use cases for UTRUST. This is why, although not a given or guaranteed, I wouldn’t be too surprised to see further price recovery from here onwards. This is provided the crypto market in general holds up. It has proven to be a volatile beast. We may even see fresh lows from here. Who knows for sure?

UTRUST (UTK) – Closing Prices and 24h Trading Volumes

(Dec 18, 2018 – Dec 25, 2018)

Date Closing Price ($) 24 Hour Trading Volume ($)
Dec 25, 2018 0.024981 286,790
Dec 24, 2018 0.026287 300,774
Dec 23, 2018 0.025629 255,557
Dec 22, 2018 0.024798 256,067
Dec 21, 2018 0.023128 159,575
Dec 20, 2018 0.025907 110,059
Dec 19, 2018 0.024286 78,293
Dec 18, 2018 0.024462 102,900
8-Day Average $0.024935 $193,752

 

Buy UTRUST Debit Card / Credit Card

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There is more than one option to buy UTRUST or UTK tokens indirectly with a debit card / credit card. The highest trading volumes can be found at Huobi, OKEx and KuCoin:

Buy UTRUST US

If you are in the US, you have the option to buy UTRUST (UTK) indirectly with debit / credit card by following these steps:

  • Buy BTC/ETH with a debit / credit card via Coinbase
  • Send BTC to KuCoin / ETH to KuCoin
  • Buy UTRUST tokens by exchanging BTC/ETH for UTK

Buy UTRUST UK

As a UK resident, you have the option to buy UTK tokens indirectly with a debit / credit card by following these steps:

  • Buy BTC with a debit / credit card via CEX.io
  • Send BTC to Huobi or KuCoin – Huobi offers the highest liquidity
  • Buy UTRUST by exchanging BTC for UTK

Buy UTRUST Canada

You have the option in Canada to buy UTRUST tokens indirectly with a debit / credit card by following these steps:

  • Buy SLL at VirWox
  • Exchange SLL for BTC
  • Send BTC to Huobi or KuCoin
  • Buy UTK with BTC
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