So the minimum trade price has been placed at $9.58 and a yearly price close above $10.26 in 2029. If Tomochain successfully boosts market sentiment among cryptocurrency enthusiasts, the TOMO coin price could remain stable for the next five years. If you look at the roadmap TomoChain provided while advertising their ICO, all of the requirements can be verified. The debut of their mainnet, which occurred in Q as predicted in 2017, was their greatest accomplishment. The TomoChain may increase from a minimum price value of $2.300 to a maximum value of $4.052 in a year.
From a total of 17 technical indicators, 9 calls to buy, and 4 to sell, the prediction sentiment short-term is bullish based on technical price analysis. The first major uptrend resistance for TOMO is at the $1.57 level, it needs to close above that level to continue to move higher, and bottom support sits at $1.27. So if the price falls below $1.27, we may see the price go even lower.
Is it profitable to invest in TomoChain?
TomoChain is an innovative scalability solution for Ethereum blockchain and other blockchains. TomoChain has a 150-Masternodes architecture with a Proof of Stake Voting (POSV) consensus for near-zero fees and 2 second transaction confirmation. Security, stability, and ultimate completion are guaranteed with new methods such as double validation, markup through smart contracts and uniform randomization processes.
- These predictions aim to give you an indication of what TomoChain will be worth in one hour, today, tomorrow, over the next week and next month.
- According to specific experts and business analysts, TomoChain can hit the highest price of $62.48 till 2030.
- Since TomoChain is traded on a supply-and-demand basis, its value fluctuates drastically.
- Many cryptocurrency traders pay close attention to the markets when the current TomoChain price crosses an important moving average like the 200-day SMA.
- While TOMO is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue.
The TomoChain price prediction model suggests that TomoChain’s maximum value may rise in the short term. In respect to the general attitude of the crypto market at the moment, these projections frequently shift. In the new Wave of ICO backed by ERC-20 Token, Tomochain introduced its token i.e.
How much will Tomochain be worth in 5 years?
Many cryptocurrency traders pay close attention to the markets when the current TomoChain price crosses an important moving average like the 200-day SMA. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of TomoChain investors’ sentiment, and is based primarily on Bitcoin-related market data.
Tomochain is currently ranked 168 amongst all cryptocurrencies with a market capitalization of $139,400,384 USD. There is a considerably higher chance that the price of TomoChain will increase to $34.38 in ten years. The Value of 1 TomoChain can surpass a minimum price of $33.25 and maximum price of $37.80 within next 8 to 10 years. The TOMO price is expected to reach a maximum level of $1.91 at the end of 2023. To simplify the latest TOMO price prediction, we have divided up the prediction by short term TomoChain price prediction and long term TomoChain price prediction.
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On the other hand, if it will be able to close above the $1.57 level, it can go up to the next resistance level at $2.14. As TomoChain continues to reach new highs, our algorithm expects that in 2024, TomoChain can achieve a maximum price of $3.85 while the average price for the year will stay around $3.43. If a bear market appears, the minimum price TOMO can reach in 2024 is $3.02. The crypto market is known to be highly volatile, predicting future price points of TomoChain is a difficult task and many other factors influence the price. As a result, the predictions on our website should not be taken as financial advice and you should do your own research. Consult your financial advisor before making any investment decisions.
Probably reaching $15 USD mark and fluctuating between $20 to $25 USD. Tomochain has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. High-performance blockchain project development is made possible by the TomoChain blockchain and product ecosystem. The wise token price platform supports speed, privacy, usability, and liquidity requirements with a variety of unique features and protocols. Since its launch, TomoChain has revolutionized several sectors. Many Regulators have approved the coin, and a team of specialist developers is working hard to promote it and increase acceptance.
What is TomoChain’s 200-Day SMA and what does it indicate?
The minimum price derived from our technical analysis is $9.89. Furthermore, now is the ideal time to make some price predictions. Any alternative cryptocurrency must be assessed in light of the general market environment and Bitcoin performance. Before we get to the price predictions, let’s take a closer look at what this is all about. We’ll do our best to respond to these commonly asked questions.
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including TomoChain. The debut of Luastarter, a multi-chain IDO launchpad, and Luaventures, a newly established capital investment arm, has been announced by TomoChain Lab.
Currently, the RSI value is at 55.15, which indicates that the TOMO market is in a neutral position. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. The system consists of 150 masternodes with Proof of Stake Voting (PoSV) consensus. TomoChain supports all EMV-compatible smart-contracts, protocols and atomic cross-chain token transfer. The network can process about 2,000-5,000 transactions per second.
Popular TOMO Moving Averages and Oscillators for Fri, Aug 11, 2023
There is no specified amount you should invest in TomoChain, our best investment advice is to only invest what you can afford to lose. Because TomoChain has strong fundamentals and a lot of people are invested in this cryptocurrency, we predict that the future for TOMO looks promising. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the TOMO price. The 200-day SMA is calculated by taking TomoChain’s closing prices in the last 200 days, adding them together, and dividing the total by 200. To get a better idea of what could happen to the TomoChain price in the future, it’s helpful to also explore TomoChain’s price history. This means that token holders can deposit 50k TOMO tokens to become a Masternode candidate.
Bollinger Bands are often used by traders to identify potential entry and exit points for a trade. When the price of an asset moves above the upper band, it may indicate that the asset is overbought and a sell signal. When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal.