The crypto sphere is growing exponentially and currently boasts over 17,000 projects, with several others coming up daily. Tectonic is one of the new blockchain projects with prospects in the digital economy. Investors and traders are already asking questions about the reliability of the Tectonic network, and we attempt to answer them.
What’s on the horizon for TONIC? Tectonic is a cross-chain money market at the heart of Cosmos and Ethereum, empowering users to earn passive yields on their Cosmos and Ethereum-based assets and to get access to instant crypto-backed loans. There were complaints about their DeFi wallets being “reorganized,” but all’s well that ends well with staking and DeFi as long as there’s a payout.
Overall, we’ve heard that Tectonic has a small community that can be easily manipulated and bullied into toeing the project line. If a project is new and doesn’t have a big active community, then in general, as the project grows, the community score will increase. We’re not buying into any of that but will rely on data as we gather them from resources.
We will examine the Tectonic network, its native token, past price analysis, developments, and price predictions for the coming years.
Today’s Tectonic price is $1.34e-7 USD with a 24-hour trading volume of $378,225. Tectonic is up 5.73% in the last 24 hours. The current CoinMarketCap ranking is #3187, with a live market cap of not available. The circulating supply is not available and a max. supply of 500,000,000,000,000 TONIC coins.
What is Tectonic?
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 Cronos blockchain technology, making it interoperable with the ATOM and ETH blockchains. The Tectonic platform launched in late 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. Tectonic users can borrow liquidity from the market by providing collateral that exceeds the value of the borrowed asset. They can also provide liquidity to generate passive income. The returns on assets deposited by Tectonic liquidity providers are based on dynamic rates dictated by market demands.
Tectonic 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, it will add more tokens in Q1 2022 to significantly increase the list of tokens supported 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, which 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.
Since the launch of the Tectonic project, TONIC’s market price has seen significant growth because of the development of the network. The Tectonic project has garnered interest from stakeholders in the crypto space and was recently onboarded by the 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 in TONIC are also due to the network’s substantial token giveaways.
Native token distribution
According to Tectonic tokenomics, 23 percent of TONIC’s supply is allocated to the protocol team. This allocation has a vesting period of 4 years and a daily release clause. Also, the project development team has earmarked 13 percent or 52.5 trillion tokens for ecosystem-related initiatives, partnership development projects, advisory teams, etc. In this case, there is no stipulated vesting schedule, and the tokens will only be released for activities according to the growth of the Tectonic ecosystem.
Community incentivization gets a whopping 50.9 percent of TONIC’s total supply. Members who partake in community activities and protocol operations receive participation incentives, including mining and staking rewards paid out in another equivalent token.
TONIC allocates 0.1 percent of its total supply to airdrops, and the remaining 13 percent is reserved for network security and maintenance, such as security audits, infrastructure upgrades, etc. Security and maintenance allocation also has no vesting schedule and is unlocked upon protocol launch.
Tectonic Price History
According to the historical data obtained from Coinmarketcap, Tectonic (TONIC) got listed 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 all-time low (ATL) level at $0.0000004014. Over 30 days, TONIC initially showed a bullish momentum as the coin reached a maximum price of $0.000001903, after which its value began declining.
Its 7-day price movement has been quite bearish, with the token’s price reaching as low as $0.0000008913.
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 are influenced by fundamental events such as halvings, regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events.
When making a Tectonic forecast, many traders also try to monitor the activity of TONIC “whales,” entities, and individuals controlling large amounts of TONIC. Since the Tectonic market is relatively small compared to traditional markets, “whales” can cause a big stir and influence Tectonic’s price movements.
New Developments In The Tectonic Ecosystem
Tectonic was recently listed on CoinMarketCap and Coingecko. The team prominent this announcement a few hours ago on Twitter.
Another significant development in the Tectonic ecosystem is the partnership with WalletConnect. It is essential to know that WalletConnect allows users to communicate securely between their own choice of wallet with Tectonic.
Tectonic Technical Analysis
Recent Tectonic price analysis indicates the digital asset is following a declining channel. The pattern will likely be completed soon as the price approaches the channel’s support.
The digital asset has been in a declining channel since mid-August. The price is currently approaching the channel’s support at around $0.0000001174, and the current price is $0.0000001186.The price is below the moving average lines indicating a bearish trend in the short term.
The moving averages are close to each other, indicating a consolidation phase in the market. The 200-day moving average is at $0.0000001282, and the 50-day moving average is at $0.0000001254, indicating a bearish trend in the long term. Tectonic recorded 8/30 (27%) green days with 11.54% price volatility over the last 30 days. The current support levels are $0.0000001174, $0.0000001140, and $0.0000001060. The current resistance levels are $0.0000001194, $0.0000001234, and $0.0000001302.
The Relative Strength Index (RSI) is at 27.38, indicating that the digital asset is oversold and a reversal may occur soon. According to our technical indicators, the current sentiment is Bearish.
The MACD is close to the signal line indicating a consolidation phase in the market.
Tectonic recorded 8/30 (27%) green days with 11.54% price volatility over the last 30 days.
The Bollinger bands are currently wide as prices fluctuate around the moving averages. The lower band is at $0.0000001114, and the upper band is at $0.0000001302, indicating high volatility in the market.
To summarize the technical analysis, the TONIC coin is currently in a declining channel, and the price is expected to reach the channel’s support soon. The price is below the moving average lines indicating a bearish trend in the short term. According to the RSI, the digital asset is currently oversold, and a reversal may occur soon.
Tectonic Price Predictions 2022 – 2031
Wallet Investor has a bearish TONIC coin price prediction for 2022 and beyond. The website predicts that the TONIC price will reach $ 0.000000015 by the end of 2022. The site predicts that the cryptocurrency will continue declining and may even crash.
DigitalCoinPrice is along the same lines, as it thinks TONIC will stay below the $0.0000002 mark for most of this year. It expects the Tectonic price prediction for 2028 to reach $0.00000049. By the beginning of the next decade, DigitalCoinPrice’s analysis says TONIC will be at $0.0000007
According to the TONIC price forecast by Technewsleader, the TONIC coin price is expected to reach $0.00000046 by the end of 2022. The site is bullish on TONIC’s future prices and believes that the digital asset has good potential of attaining a maximum trading price of $0.00000142 in the next 5 years and also could attain an average trading price of $0.00000997.
PricePrediction.net is another website that is bullish on TONIC’s future prices. Their prediction for 2023 is that the TONIC price will reach a minimum price of $0.00000030, an average price of $0.00000031, and a maximum of $0.00000035. In the long-term predictions, the site believes TONIC might attain a maximum price of $0.00000161, and by 2030 the digital currency is projected to attain an average price of $0.00000431.
Tectonic Price Prediction 2022
The current market trend of TONIC seems to continue to decline in the short term. The tectonic price forecast suggests the coin might attain a maximum price of $0.00000023 and an average price of $0.00000021.The average price forecast is $0.00000020.
Tectonic Price Prediction 2023
TONIC price prediction for 2023 is quite bullish as the coin is expected to attain a minimum price of $0.00000030, an average price of $ 0.00000031, and a maximum price of $0.00000035.
Tectonic Price Prediction 2024
TONIC price forecast for 2024 suggests that the digital currency could attain a maximum value of $0.00000052 and an average forecast price of $0.00000044. The minimum price that could be attained is $0.00000042
Tectonic Price Prediction 2025
The long-term TONIC price prediction by different sites suggests that the cryptocurrency could attain a maximum price of $0.00000161 and an average price of $0.00000063. TONIC is estimated to attain a minimum price of $0.00000074.
Tectonic Price Prediction 2026
Tectonic price is estimated to reach a minimum price value of $0.00000092, and the average price value could be $0.00000095. The maximum price predicted is $0.00000106.
Tectonic Prediction 2027
In 2027, TONIC is estimated to attain a maximum price level of $0.00000161, and the average price could be $ 0.00000138. The minimum price value that could be attained is $0.00000134
Tectonic Prediction 2028
2028 is estimated to be a good year for TONIC as the digital currency could attain a maximum price of $0.00000226 and an average price of $0.00000193.The minimum price forecast could be $ 0.00000226.
Tectonic Price Prediction 2029
TONIC price is expected to decline in 2029, and the minimum price could be $0.00000286.The average and the maximum price are predicted to be $0.00000103 and $0.00000332, respectively.
Tectonic Price Prediction 2030
2030 is estimated to be a good year for TONIC as the digital currency could attain a maximum price of $0.00000498 and an average price of $0.00000431.The minimum price forecast could be $0.00000419.
Tectonic Price Prediction 2031
In 2031, the bullish trend is expected to continue, and TONIC could attain a maximum price value of $0.00000732 and an average price of $0.00000639.The minimum price forecast could be $0.00000622.
Tectonic Price Predictions by Industry Influencers
Roger Garcia, a YouTube crypto, explains why Tectonic is a good investment in the long term. He suggests that TONIC could attain a price value of $0.00000161 by 2025 and $0.00000732 by 2031. He bases his predictions on the increasing demand for privacy-focused coins, the development of the TONIC blockchain, and the team behind the project. He bases his predictions on the increasing demand for privacy-focused coins, the development of the TONIC blockchain, and the team behind the project.
Tectonic has surpassed $1 billion in total supply and has great potential to grow in the future. The long-term price predictions are quite bullish and optimistic. The coin is expected to reach new all-time highs in the coming years. The short-term price trend of TONIC seems to decline, but it is estimated to attain stability by 2023. Industry experts suggest that TONIC is a good investment in the long term.
If the present crypto market downturn fades and the Tectonic protocol implements activities to boost TONIC token demand, the token’s price might skyrocket. Tonic’s price will rise in the future if it delivers value to its customers and improves its performance; else, the coin will fall.
Tectonic is a blockchain platform that enables developers to build decentralized applications. The platform is built on the TONIC blockchain, which is a fork of the Ethereum blockchain. Tectonic has its own native token, called TONIC, which is used to power the platform and its applications. It is listed in major crypto exchanges like crypto.com.
Tectonic seems to be a good long-term investment according to our projections and also from the industry experts. Do remember, however, that cryptocurrencies are volatile, and thus the prices could rise and fall sharply. We advise you to do your own research before making any investment decisions.