Tectonic Price Prediction 2023-2030: Can TONIC reach $1, 1 cent?
Latest Tectonic USD Price
Total Holders: 37k, Top 100 Holders: 99%.
Tectonic Price Performance
|Last 7 Days||+3.0%|
|Last 1 Month||+24.9%|
|Last 12 Months||+84.8%|
|Since Launch (2022)||-95.3%|
Latest Tectonic News Timeline
Nov 8th: TectonicFi announced strategies for bCRO usage with high yields on their platform, highlighting the DeFi Pool’s net borrow APY of nearly -80%. Users can either supply assets for a net supply APY of 127%, borrow bCRO, provide liquidity to the bCRO-CRO pool for a 4% APR, or stake CRO on Argo for a 7.7% APR to earn rewards.
Oct 26th: Tectonic has announced that supplying and borrowing bCRO will now earn rewards. For the next two months, supplying bCRO will yield xARGO rewards, and borrowing bCRO will offer $STARDUST rewards, starting from October 27.
Sep 29th: Kaching! announced an increase in rewards by 75%, offering up to $1,750 USD in CRO for their #KachingGang as a token of appreciation. Participants are encouraged to stake quickly during a special boost period to take advantage of the increased rewards.
Sep 21st: Tectonic announces the integration of $bCRO, Argo Protocol’s liquid staking token, into Tectonic’s DeFi Pool. Early providers of bCRO will receive incentives in both xARGO and TONIC tokens.
Sep 12th: Tectonic celebrated the launch of One-Click Shorting with a $100 $TONIC giveaway. Participants must complete a swap with WowmaxExchange within the specified dates and finish all mandatory tasks outlined in their campaign to be eligible.
Aug 8th: Kaching! announced a partnership with TectonicFi, where Tectonic will contribute $CRO to the KACHING platform.
July 31st: Tectonic is a featured dApp in the Cronos Summer Cruise campaign, alongside other Cronos dApps.
July 13th: Tectonic announces DeFi Pool as a gateway to a selection of assets optimized for high composability and liquidity.
Tectonic Performance Statistics
- Total Value Locked: $129.4M
- Last 7 days: +1.5%
- Last 30 days: +4.9%
Tectonic Price Prediction 2023, 2025 and 2030, Aggregated
- Tectonic Price Prediction 2023 is $0.000000206
- Tectonic Price Prediction 2025 is $0.000000453
- Tectonic Price Prediction 2030 is $0.00000226
Tectonic Price Prediction: Can TONIC reach 1 Cent?
In order for Tectonic to reach 1 cent, it would need to increase by a factor of 59,630. At 1 cent, Tectonic Market Cap will be $2.24 billion. If Tectonic were to grow at a rate of 25% each year, it would take about 49 years to reach 1 cent. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach 1 cent- Not Feasible
- Market Cap at 1 cent- Not Feasible
- Time required to reach 1 cent if Tectonic were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, Tectonic has no chances of reaching 1 cent.
Tectonic Price Prediction: Will TONIC reach $1?
In order for Tectonic to reach $1, it would need to increase by a factor of 5,988,023. At $1, Tectonic Market Cap will be $225 billion. If Tectonic were to grow at a rate of 25% each year, it would take about 69 years to reach $1. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $1- Not Feasible
- Market Cap at $1- Not Feasible
- Time required to reach $1 if Tectonic were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, Tectonic has a no chances of reaching $1.
Tectonic Price Prediction Today, Bullish or Bearish Sentiment?
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Steady|
Tectonic Crypto Price Prediction: Is Tectonic Crypto a Good Investment?
Tectonic is a decentralized protocol for money markets. Consumers can participate either as liquidity suppliers or borrowers. Here, the suppliers of liquidity providers provide liquidity to the market and thus, earn a passive income. On the other hand, borrowers can borrow the liquidity in a collateralized way. Tectonic is a relatively small player in DeFi with about $122m in Total Value Locked. Tectonic operates out of the Cronos blockchain and is the 2nd largest DeFi protocol on Cronos. The Tectonic protocol is similar to numerous DeFi protocols in how one can contribute and borrow as well as how algorithms manage the liquidity pools.
Following are the functions/ use cases of the Tectonic protocol:
- Using the Tectonic platform, traders can borrow specific digital assets and capitalize on their short-term trading view and maximize their yield opportunities.
- The tectonic platform allows users to get access to other cryptos for various purposes without requiring them to liquidate their assets.
- Users can generate extra returns by supplying their assets as liquidity providers.
Tonic is the governance and rewards token on Tectonic. 51% of the Tokens have been allocated as Community incentives for participation, liquidity mining, and staking rewards.
TONIC is the native token Tectonic platform and has a maximum supply of 500 Trillion tokens, out of which 224.92T TONIC coins are already in circulation. Following are the primary use cases of TONIC crypto:
- TONIC holders can stake their tokens to get yield rewards in return.
- TONIC coin allows its holders to participate in the governance of the protocol.
- Users can participate in various activities by the Tectonic protocol to earn more tokens in return.
Overall, there are numerous other DeFi Tokens that can be considered instead of Tonic
Competitor analysis: Tectonic vs Aave
Aave is one of the popular Defi lending platforms where users can borrow and lend crypto assets. Here, the lenders earn interest on their deposited assets while borrowers use their crypto as collateral. Hence, Aave is one of the finest competitors for Tectonic protocol. Let us have a brief comparison between the both:
|Major audience||Users who want to earn passive income on their crypto assets and access instant-backed loans.||Users looking for a platform to earn interest by depositing and borrowing digital assets.|
|Categories||Crypto lending, crypto staking, yield farming.||AMM, Crypto lending, crypto staking, Dapps, DEX, Defi projects, yield farms.|
As we can see, Tectonic protocol has shown positive growth in the last three months. However, it is because of this that TONIC dropped to its lowest value soon after its launch. Therefore, we can’t certainly assure here that it has outperformed its competitor during this period because Aave definitely has shown some improvements over the last few weeks.
Competitor analysis: Tectonic vs Compound finance
Compound finance is another DeFi lending protocol where users can easily earn interest on their deposited cryptocurrencies. Hence, it is another notable competitor of Tectonic protocol. Let’s have a brief look at their past performances and features:
|Major audience||Users who want to earn passive income on their crypto assets and access instant-backed loans.||Developers looking for an autonomous interest rate protocol|
|Categories||Crypto lending, crypto staking, yield farming.||Crypto lending, Dapps, Defi projects, yield farming.|
Here, Compound finance can be seen showing positive growth since the last week and is improving when compared to the previous year. Therefore it has maintained consistency over this period, unlike the Tectonic protocol.
Also Read: SUKU Coin Price Prediction
Is Tectonic Crypto dead?
Tectonic Crypto is down 96% since launch. This has prompted numerous questions on whether Tectonic Crypto is dead. Key Observations
- Tectonic Crypto’s Market Cap is 37 Million which is really not very high
- Trading Volume averages below $100k which is also not a good sign
- Social Media search volumes have been less than 1k in the last 7 days which suggests low engagement
- On the other hand, Tectonic is up 33% in the last 12 months, better than many cryptocurrencies.
Overall, while it is unfair to declare Tectonic dead, the signs are not bright for this cryptocurrency.
Is Tectonic Crypto Legit?
According to isthiscoinascam, The project has no critical flags, five major flags, two medium flags, and six minor flags. Here are the 5 major flags
- No Team Details
- No Source Code Repository
- No Subreddit
- No Mainstream News Coverage
- No Recent News Coverage
These flags do not necessarily mean that the project is a scam, but they do suggest a lack of transparency and community engagement, which are important factors to consider when evaluating a cryptocurrency project.
Where can I buy TONIC crypto?
Tonic crypto can be bought on one centralized crypto exchange i.e., Crypto.com, and two decentralized crypto exchanges namely VVS Finance, and Bored Candy City.
Tectonic price prediction: Conclusion
Defi lending platforms provide more lucrative interest rates on funds compared to traditional banks. It is one of the reasons for their popularity in recent times.
Moreover, Defi loans are processed quickly, transparent and permissionless. Therefore, their popularity is increasing and people are more engaging in the crypto lending platforms.
The tectonic protocol is one such Defi lending platform that fulfills the functions mentioned above and holds potential.
However, the market is already very competitive with the existence of many such DeFi lending platforms (such as Aave and Compound Finance). Therefore, it is essential for Tectonic Protocol to compete with the existing platforms to continue its growth in the future.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions.