Tectonic (TONIC) is a decentralised, non-custodial, algorithmic-based money market protocol that allows users to lend and borrow money on a decentralised network. It has gained popularity among crypto users as it offers investors a way to generate passive income from their crypto assets and provides borrowers with secured loans. The price of TONIC has been volatile, and it is currently ranked #836 in the crypto ecosystem. In this article, we will explore the pros and cons of investing in TONIC and provide a TONIC price prediction to help you decide whether it is a good investment.
What You'll Learn
- TONIC's price growth since its market debut
- TONIC's listing on Crypto.com and Hotbit
- TONIC's potential to reach a maximum price of $0.00000015 by 2025
- TONIC's potential to be a bad investment if the development team fails to deliver
- TONIC's potential to be a good investment if the project delivers on its roadmap
TONIC's price growth since its market debut
Firstly, it is important to note that TONIC is the native token of the Tectonic protocol, a decentralised money market protocol. TONIC's price has experienced both positive and negative fluctuations since its launch.
In January 2022, two significant events contributed to a surge in TONIC's price. Firstly, it was listed on the Crypto.com app, and secondly, the TONIC airdrop snapshot was completed, with the actual airdrop occurring in February. As a result, TONIC's price surged upwards of 80%.
However, as of August 2024, TONIC's price has seen a decline. The current price is $0.00000008 or $0.00000009 per TONIC, with a 24-hour trading volume of $74.20K or 35.69K. The circulating supply is approximately 250 trillion TONIC, with a market cap of $19.33 million or $22.69 million.
Despite the recent decline, TONIC has shown potential for growth, and its price movements will continue to be influenced by various factors, such as market demand, competition, and the overall performance of the cryptocurrency market.
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TONIC's listing on Crypto.com and Hotbit
TONIC, the native token of the Tectonic protocol, witnessed a surge in price following two significant events. Firstly, on January 24, 2022, TONIC was listed on the Crypto.com app, making it more accessible to a broader audience. Secondly, the completion of the TONIC airdrop snapshot, with the actual airdrop anticipated for February, generated further excitement. These announcements collectively propelled the price of TONIC upwards by around 80%.
The listing on Crypto.com, a popular exchange, contributed to the token's increased visibility and accessibility. Crypto.com is a well-known platform with a global reach, providing users with a convenient avenue to trade and invest in cryptocurrencies.
Additionally, Hotbit, a centralized cryptocurrency exchange established in 2018, also played a role in the TONIC ecosystem. Hotbit integrated various businesses, including spot trading, financial derivatives, cryptocurrency investment, and DAPP, into a single platform. With a focus on emerging markets such as Russia, Turkey, and Southeast Asia, Hotbit gained recognition as one of the top 3 most welcomed exchanges by Russian media in 2019.
However, in May 2023, Hotbit announced the cessation of all its operations, effective from May 22, 2023. Users were advised to withdraw their remaining assets before June 21, 2023. This development marked a shift in the landscape, potentially impacting the accessibility and liquidity of various cryptocurrencies, including TONIC.
The TONIC airdrop and listing on Crypto.com generated positive momentum for the Tectonic crypto token. The increased accessibility and visibility from these events contributed to the token's upward trend. However, it is important to note that the crypto market is highly volatile, and investors should carefully consider their risk appetite and conduct thorough research before making any investment decisions.
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TONIC's potential to reach a maximum price of $0.00000015 by 2025
TONIC, the native token of the Tectonic protocol, has seen a surge in interest recently. Tectonic is a decentralised money market protocol that allows users to supply liquidity or borrow assets. TONIC holders benefit from interest gained through supplying assets to the protocol and can also borrow certain cryptocurrencies to capitalise on short-term market upswings.
As of late July 2024, TONIC had a price of $0.00000007 and was ranked #836 in the crypto ecosystem. Its 24-hour trading volume was around 8.58K. TONIC is currently trading below the 50-day simple moving average and is in a bearish zone.
However, according to a TONIC price prediction for 2025, the token could reach a maximum price of $0.00000015 by the end of the year. This prediction is based on the assumption that the crypto market will continue to grow and that the Tectonic protocol will gain wider adoption.
The Tectonic protocol has already lent out more than $312 million, and the total supply of funds available is over $598 million. If word continues to spread and the protocol gains more users, it could play an important role in the continued growth of crypto loan programs. The ease of use of the protocol and the incentive programs for liquidity providers could give it an edge over the competition.
Additionally, more than 50% of the total TONIC supply will be used for community incentives, which could help to reward early adopters and drive further interest in the token.
However, it is important to note that cryptocurrency markets are extremely volatile, and it is difficult to predict what a token's price will be in the short or long term. As such, there is no guarantee that TONIC will reach the predicted maximum price of $0.00000015 by 2025. Investors should always conduct their own research and carefully consider their risk tolerance before investing in cryptocurrencies.
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TONIC's potential to be a bad investment if the development team fails to deliver
TONIC's potential to be a bad investment is closely tied to the performance and actions of its development team. If the team fails to deliver on their promises, it could negatively impact the project's reputation and value.
Firstly, the success of the Tectonic protocol is dependent on its ability to differentiate itself from competitors in the money market space. While the marketing team has effectively spread awareness, failing to continuously innovate and separate itself from competitors could cause a decline in interest. This is especially true if the development team does not address any potential shortcomings or offer unique features that users find valuable.
Secondly, the development team's ability to maintain momentum is crucial. The crypto market is highly volatile, and projects can disappear as quickly as they gain traction. If the development team fails to consistently deliver updates, implement improvements, or adapt to market changes, it could cause a loss of confidence in the project, leading to a decrease in investment and the value of TONIC.
Additionally, the large supply of TONIC tokens, while beneficial for keeping prices low and accessible, could also be a cause for concern. If the development team does not effectively manage this supply and ensure it aligns with market demand, it could lead to a surplus that negatively impacts the token's value.
Furthermore, the development team's ability to address regulatory concerns and security risks is essential. Cryptocurrencies often face scrutiny from government entities, and a failure to comply with regulations or adequately protect user investments could result in legal issues and a loss of trust.
Lastly, the success of TONIC relies on the development team's ability to foster a strong community and incentivize adoption. If the team fails to deliver on their promises to reward adopters or engage their community, it could lead to a decline in interest and participation, ultimately impacting the potential for TONIC to be a successful investment.
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TONIC's potential to be a good investment if the project delivers on its roadmap
TONIC has the potential to be a good investment if the project delivers on its roadmap. The Tectonic protocol is designed as a decentralised money market protocol, allowing users to supply liquidity or borrow assets. This provides passive income for liquidity suppliers and allows borrowers to access liquidity in an over-collateralised manner.
The incentive program, powered by TONIC, provides several use cases and proper money market functionality. Holders of TONIC benefit from interest gained by supplying assets to the protocol and do not have to actively manage their assets. Additionally, traders can borrow certain cryptocurrencies to capitalise on short-term market upswings or simply farm yields.
The total supply of TONIC is 500 trillion, which is a very large supply and often a red flag for investors. However, the Tectonic team has stated that this large supply is intentional, as it will keep the price of each token low, making it more accessible for people in developing nations, where microloans can have the most significant impact.
TONIC has already been listed on Crypto.com and Hotbit, and its price surged by around 80% after these announcements. The marketing team has been effective in spreading awareness, and if this continues, it could help separate TONIC from its competitors.
If the project delivers on its roadmap, TONIC could play an important role in the continued growth of crypto loan programs. The volume of crypto loans surged by more than 1,900% year-over-year, and this number is expected to increase. If TONIC can capitalise on this growing market and continue to raise awareness, it could be a good investment.
However, it is important to note that if the project fails to deliver or suffers a security breach, investors could lose their money. Therefore, investors should conduct thorough research and only invest what they can afford to lose.
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Frequently asked questions
Tectonic Crypto is the native token of the Tectonic protocol, a decentralised money market protocol. The protocol allows users to supply liquidity and earn passive income or borrow liquidity in an over-collateralised way.
Tectonic Crypto could be a good investment if the project delivers on its roadmap and promises. However, it is a risky investment as it is a new project with a large supply of coins. There is also the possibility of the coin going to $0 if the team fails to deliver or the project suffers a security breach.
As of July 2024, the current price of Tectonic Crypto is $0.00000007.
Tectonic Crypto is currently listed on Crypto.com and Hotbit. It can be purchased by exchanging cryptocurrencies such as WCRO and USDC.