The cryptosphere is growing exponentially and currently boasts over 17,000 projects, with several others coming up daily. Tectonic is one of the fairly new blockchain projects with prospects for the digital economy. One would only expect that investors and traders are already asking questions about the reliability of the Tectonic network.
We will examine the Tectonic network, its native token, past price analysis, developments, and price predictions for the coming years. When we’re done, you’ll have a good idea of what lies ahead for Tectonic.
Tectonic overview
Tectonic is an algorithmic-based decentralized non-custodial money market protocol that allows users to access instant loans as liquidity borrowers or earn passive yield by supplying assets. The architecture and design of the Tectonic protocol are based on the Cronos blockchain technology, making it interoperable with ATOM and ETH’s blockchain. The Tectonic platform was launched in the latter part of 2021, and it shares similarities with popular Decentralized Finance (DeFi) platforms.
The Tectonic protocol aims to provide users with seamless and secure digital currency money market functionalities. Said, Tectonic customers can borrow liquidity from the market by providing collateral that exceeds the value of the borrowed asset or provide liquidity to generate passive income. The returns earned on assets deposited by liquidity providers into the Tectonic network are based on dynamic rates dictated by market demands.
Tectonic’s benefits include:
- Users can access other cryptocurrencies for ICOs or bonding without liquidating their original coins.
- Traders can take crypto loans for short-term trading or farming opportunities.
- TONIC holders can earn interest by providing assets to the Tectonic protocol without actively managing their assets.
According to the Tectonic roadmap, more tokens are expected to be supported in Q1 20222 to significantly increase the list of tokens available for borrowing and lending. Cosmos-based assets and other top-priority EVM-compatible assets will make up the list.
What is $TONIC?
The native token of the Tectonic protocol is $TONIC, and it powers the ecosystem’s incentive program. TONIC has a total supply of 500 trillion tokens. The somewhat ridiculous supply of the token has generated skepticism among potential investors. However, the development team has reiterated its asset’s good spread claims.
Since the launch of the Tectonic project, TONIC’s market price has experienced significant upside because of the development of the network. The Tectonic project has garnered interest from stakeholders in the crypto space and was recently onboarded by a cross-chain DeFi dashboard Ape Board because of its value. VVS Finance is another protocol that supports the Tectonic platform. In addition, the surges and growing interests experienced by TONIC are also due to the huge token giveaways offered by the network.
Native token distribution
According to Tectonic tokenomics, 23% of TONIC’s supply is allocated to the protocol team. This allocation has a vesting period of four(4) years and a daily release clause. Also, the project development team has earmarked 13% or 52.5 trillion tokens for ecosystem-related initiatives, partnership development projects, advisory, etc. In this case, there is no stipulated vesting schedule, and the tokens will only be released for activities relating to the Tectonic ecosystem.
Community incentivization gets a whopping 50.9% of TONIC’s total supply. Members who partake in community activities/protocol operations receive participation incentives, including mining and staking rewards paid out in another equivalent token.
0.1% of TONIC’s total supply is allocated to airdrops, and the remaining 13% are meant for network security and maintenance such as security audits, infrastructure upgrades, etc. Security and maintenance allocation also has no vesting schedule and are unlocked at the protocol’s launch.
Now, let’s delve into the price analysis and predictions.
Tectonic historical analysis
According to the historical data obtained from Coinmarketcap, Tectonic (TONIC) started on December 23, 2021, with an opening price of $0.000004027 and a trading volume of $7,695,883. TONIC reached its ATH of $0.000004029 on the same day. A few days later, the token experienced a sharp decline in trading volume and price due to massive selloffs and the general plunge in the crypto market.
By January 24, 2022, the price of TONIC had bottomed to its current all-time-low (ATL) at $0.0000004014. Over 30 days, TONIC showed a bullish momentum as the coin reached a maximum price of $0.000001903 from $0.0000004014.
Its 7-day price movement has been quite bearish, with the token’s price dropping to $0.00000107.
Tectonic current market status
TONIC’s price currently stands at $0.000001435, with a yet unknown market cap. The token’s 24-hour trading volume is down by over 24% to $3,513,381.
What affects the price of Tectonic?
Just like with any other asset, the price action of Tectonic is driven by supply and demand. These dynamics can be influenced by fundamental events such as Tectonic halvings. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of TONIC.
When trying to make a Tectonic forecast, many traders also try to monitor the activity of TONIC “whales”, which are entities and individuals that control large amounts of TONIC. Since the Tectonic market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Tectonic’s price movements.
Tectonic technical analysis
Some traders try to identify candlestick patterns to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Tectonic price analysis
Commonly bullish candlestick patterns
- Hammer
- Bullish Engulfing
- Piercing Line
- Morning Star
- Three White Soldiers
Common bearish candlestick patterns
- Bearish Harami
- Dark Cloud Cover
- Evening Star
- Shooting Star
- Hanging Man
TONIC price forecast by WalletInvestor
Tectonic (TONIC) price prediction from Wallet Investor expects the token to gain positive momentum over the next few days. Its predicted minimum price and maximum price within this period are $0.00000123 and $0.00000226, respectively.
Wallet Investor predicts a downside for TONIC in the long-term, with its price expected to drop below $0.0000001 and further downwards by January 2023.
TONIC price prediction by DigitalCoinPrice
DigitalCoinPrice offers a rather positive long-term outlook for TONIC in the coming months and years, as they expect more developments and growing adoption on the network. In March 2022, TONIC is predicted to have an average price of $0.00000185, and by April, a 4.864% price increase is projected. DigitalCoinPrice expects Tectonic (TONIC) to close out the year at an average price of $0.00000207.
The expected average price for 2023 is $0.00000231, and by the end of 2025, TONIC is predicted to trade at an average price of $0.00000274. By 2030, significant upsides are expected, with the maximum price reaching $0.00000700.
TONIC price forecast by Coincodex
Tectonic price is positively correlated with the top 10 coins by market cap with a value of 0.589, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a value of 0.489.
Currencies that are positively correlated with Tectonic indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Tectonic, a move in one direction for Tectonic would translate into a move in the opposite direction for the negatively correlated coin.
Cryptopolitan Tectonic price forecast
TONIC price prediction 2022
With the right collaborations and developments, TONIC can gain many new users. Tectonic value might skyrocket if the market decides to back the crypto. However, TONIC might swing up and down as the market takes its course. At Cryptopolitan, we expect a maximum TONIC price of $0.00000220 and a minimum price value of $0.0000004014.
TONIC price prediction 2023
For long-term TONIC price forecasts, it is essential to analyze the benefits of the token. Tectonic offers quite a few use cases with potential for the future. The network’s aim to revolutionize the digital economy could result in massive gains for TONIC. With the development of DAPPs and stable coins, Tectonic is expected to offer competitive storage, payment, and logistics options. We expect a possible price rise to about $0.00000300 within the year, provided investors find the network’s offerings attractive. By the end of 2023, TONIC could attain a maximum price of $0.00000350 and a minimum price of $0.00000280.
TONIC price prediction 2024
TONIC’s current price range could be of interest to many traders in the future, and for this reason, the token can exceed its current ATH and attain new heights. We expect the price of Tectonic to reach a maximum value of $0.00000500 with major collaborations and network upgrades. The expected average price is $0.00000430. However, these price taglines are subject to variations, depending on the crypto market.
TONIC price prediction 2025
TONIC’s price might soar to as much as $0.00000630 in 2025 if other major blockchain networks begin to accept it and collaborate with it. No doubt there will be price fluctuations. If all goes well, the average price will be around $0.00000570.
Tectonic price forecast 2030
There will be a boost in the TONIC’s value as developers and investors work together. Also, we expect the token to continue on its bullish run from previous years, provided the network continues to be backed. Because of this, the price forecast for 2030 is optimistic. We expect a price range of $0.00001280 to $0.00002250 for 2030.
TONIC predictions by industry experts
The Tectonic team recently announced that their staking module had reached the final test phase and could be released by the end of February. The release of this module is expected to drive the adoption of TONIC. Updates yield the intended results, as the coin is currently getting a lot of hype.
According to a tweet from John Smith, Tectonic could easily do 100x by the end of 2022 or 2023.
Another analyst, Mrchimpanzee81, has juxtaposed SHIB’s growth with TONIC and expects the latter to gain significant price momentum.
Conclusions
Tectonic has had a profound impact on several industries since its inception. Several regulatory agencies have recognized the coin, and a dedicated team of devs is working tirelessly to grow its popularity. If all goes well, TONIC could well reach or exceed the predicted prices, although the token is still down by over 64% from its current ATH. However, it would be best if you did your research as a trader or investor before jumping in on the TONIC hype or any coin at all.
FAQs on Tectonic
How much will Tectonic be worth in 1 year?
According to our predictions, we expect TONIC to reach a maximum price of $0.00000350 in 1 year.
Is Tectonic a good investment?
Our predictions align with the current hype surrounding TONIC. Crypto could be a good investment for the future. Just be sure to watch the metrics closely before investing.
How much will Tectonic be worth in 10 years?
We expect TONIC to reach newer heights in the coming years, and by 2032, it could well be trading above $0.00003000.
How to buy Tectonic coin?
Tectonic crypto can be purchased from a few exchanges, including Crypto.com, VVS Finance, and Hotbit. Currently, Crypto.com has the highest trading volume and liquidity for TONIC. The trading pairs available on these platforms include TONIC/USDC, TONIC/USDT, WCRO/TONIC, and VVS/TONIC.
After February 14, 2022, 00:00 UTC, Tectonic will be reducing the collateral factor of the TONIC market from 55% to 20%, by 3% every day progressively. This may result in some accounts with active loans against TONIC collateral being liquidated. Please repay or top-up collateral so that your Account LTV is well below your Account Liquidation LTV before February 14, 2022.
Source: https://www.cryptopolitan.com/tectonic-price-prediction/