Josephine Norton
Tectonic (TONIC) is a cryptocurrency token that launched in December 2021 with a total supply of 500 trillion. The price of one TONIC is a tiny fraction of a cent. TONIC is the native governance token of the Tectonic protocol, a decentralised finance (DeFi) platform that facilitates lending and borrowing. The platform allows users to earn passive income from their assets or borrow crypto assets for functions such as staking, yield farming and short-term trading by pledging their own assets as collateral.
Tectonic has been described as a good investment by some sources, but it is important to note that it is a very new token and its price has been highly volatile. The potential upside or downside is unknown, and the token utility is questionable at present.
What You'll Learn
TONIC token price predictions for 2022 and beyond
- CryptoPredictions: For 2023, they predicted a year-end price of $0.000000149, and for 2024, they expected the token to be valued at $0.000000226. Their forecast for 2025 was $0.000000269, and they anticipated the token reaching $0.000000300 by the end of 2026.
- CoinCodex: For 2023, they predicted a price of $0.061297 by June 26, 2023, and a bearish sentiment with a Fear & Greed Index of 59.
- DigitalCoinPrice: They predicted an average price of $0.000000257 for 2023 and $0.000000408 for 2025. Their forecast for 2030 was a price of $0.0000012.
- Cryptopolitan: For 2024, they predicted a maximum price of $0.00000021, with a minimum of $0.00000018 and an average of $0.00000019. Their forecast for 2025 was a minimum price of $0.00000026, an average of $0.00000027, and a high of $0.00000031. By 2030, they expected the token to reach a maximum of $0.000002.
- Coinfomania: For 2022, they stated that the price of TONIC could rise as much as $0.00000145 by the end of the year if the project captures further mainstream attention. Otherwise, it could continue its steep decline and drop further below its initial market price.
It's worth noting that TONIC started 2022 with a price of $0.000001153 on January 2 and ended the year at $0.00000008316, representing a year-on-year loss of about 90%.
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TONIC's price history
On 27 August 2024, the price of TONIC was $0.00000007788, with a 24-hour trading volume of $51,916. The circulating supply of TONIC was 247,733.88 billion, with a maximum supply of 500 billion. TONIC was trading at a rate of +0.00% in the last 24 hours, indicating no change in its value.
On 27 August 2024, the live price of TONIC was $0.00000008, with a 24-hour trading volume of $74.20K. The price had decreased by -0.79% since the last hour but had increased by 2.54% since yesterday. The current circulating supply was 254.53 trillion, with a maximum supply of 500 trillion.
On 31 August 2024, TONIC's price had increased by 0.03% in the last hour but decreased by 0.17% and 3.47% in the past 24 hours and past week, respectively. The current price was $0.00000009 per TONIC, with a 24-hour trading volume of $35.69K. The circulating supply was 247,733,879,909,099 TONIC, and the market cap was $22.69 million.
TONIC's all-time high was $0.00000020, and it is currently valued at 54.21% below this peak.
The cryptocurrency market is highly volatile, and TONIC's price history reflects this. Investors should carefully consider their risk tolerance and conduct thorough research before investing in TONIC or any other cryptocurrency.
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TONIC's limited utility
TONIC is the native token of the Tectonic protocol, which operates lending and borrowing services in the decentralised finance (DeFi) space. It is a relatively new token, having launched in December 2021.
TONIC currently has limited utility. It can be used for lending and borrowing, and for staking to reward token holders, secure the network, and support the growth of the ecosystem. However, there is currently no real use case for the token beyond lending and borrowing.
The Tectonic platform allows users to supply liquidity or borrow. Suppliers who provide liquidity to the market can earn passive income, while borrowers can borrow liquidity in an over-collateralized way. The incentive program, which is powered by TONIC, provides several use cases while providing the functionality of a proper money market.
Holders of TONIC benefit from interest gained through supplying assets to the protocol. They do not have to actively manage their assets, unlike in traditional money markets. Traders can also borrow certain cryptocurrencies, allowing them to capitalize on possible short-term upswings in the market or simply farm yields.
The total supply of TONIC is 500 trillion, and the price of one TONIC is a tiny fraction of a cent. The large supply will keep the price down and make it more accessible for people in developing nations, where microloans can be the most beneficial. However, the extremely large supply has made many traders skeptical of investing in the project.
The distribution of TONIC is as follows:
- 23% goes to the Tectonic team
- 13% goes to the ecosystem reserve
- 13% goes towards network security and maintenance
- 50.9% is dedicated to community incentives and rewards
The potential upside or downside of investing in TONIC is unknown, but volatile price action should be expected. While TONIC is one of the cheapest tokens to buy, investors should approach with caution. The price could increase dramatically if the current crypto market downturn subsides and the Tectonic protocol establishes initiatives to increase demand for the token. However, if the momentum of the project slows down or stalls, it could disappear as quickly as it arrived.
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Tectonic's competition
Tectonics Competition
Tectonic is a decentralised finance (DeFi) protocol that launched its mainnet on 23 December 2021. The protocol aims to provide cross-chain decentralised money market services, allowing users to earn passive income on their funds or borrow money against their assets instantly.
Tectonic is on the Cronos blockchain and aims to facilitate lending and borrowing across different blockchains. Cronos uses inter-blockchain communication (IBC) to help the Ethereum and Cosmos blockchains work together.
TONIC is the protocol's native cryptocurrency token. It is used for participating in governance and staking in the Community Insurance Pool to earn rewards in exchange for helping make Tectonic secure.
Competition
Tectonic is not the first project to get involved in money markets. The Goldfinch Protocol token and Spell crypto are also making waves in this space. Both came out strong but eventually came back down quite quickly.
The marketing team behind Tectonic has been doing a stellar job of spreading the word. If they can continue raising awareness of the Tectonic protocol and its native token, that could do wonders in terms of separating it from competitors.
Tectonic is a relatively new project and it is hard to tell if it is a good investment. While token staking was only introduced in March 2022 for Tectonic, a lot will depend on how the crypto market performs over the coming years.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether TONIC is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.
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TONIC's credibility
TONIC is the native token of the Tectonic protocol, which is a decentralised finance (DeFi) platform. It is a relatively new token, having launched in December 2021, and it is designed to facilitate lending and borrowing services in the DeFi space.
The total supply of TONIC is 500 trillion, and the price of one token is a tiny fraction of a cent. The distribution of the tokens is as follows: 23% goes to the Tectonic team, 13% goes to the ecosystem reserve, 13% is for network security and maintenance, and 50.9% is dedicated to community incentives and rewards.
The Tectonic protocol is based on the Cronos blockchain, which is supported by Crypto.com. It is a fork of the Compound protocol, which is considered one of the most secure protocols, and it has been audited by Slowmist, a blockchain security company.
While the protocol appears sound, the TONIC token itself has limited utility. Currently, it can be used for lending and borrowing, and the Tectonic team has introduced staking to reward token holders and secure the network. However, the token's value has largely been untested, and it remains well under $0.01.
The extreme risk involved in buying TONIC is due to the token's high volatility and the fact that it is still in the early stages of development. The potential upside or downside is unknown, but volatile price action is expected.
In terms of price predictions, there is a wide range of estimates. Some sources predict that the price of TONIC could reach $0.00000150 in one year, $0.00000421 in five years, and $0.00002595 in ten years. Others are less optimistic, with predictions of $0.00000021 by the end of 2024, $0.000000269 by the end of 2025, and $0.0000012 by the end of 2030.
Whether TONIC is a good investment depends on a variety of factors, including an individual's risk tolerance and investment goals. It is important to do your own research and never invest more than you are prepared to lose.
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Frequently asked questions
TONIC is the native token of the Tectonic protocol.
The price of one TONIC is a tiny fraction of a cent.
The total supply of TONIC is 500 trillion.
TONIC is one of the cheapest tokens to buy. More than one billion tokens can be purchased for less than $150 at current market prices.
It is hard to tell. Tectonic is a relatively new token and its price has been highly volatile. Investors should be cautious of price action volatility and conduct their own research before investing.
