Tectonic Price Prediction 2023-2030: Can Tectonic reach $1 or 1 cent?
Latest Tectonic USD Price
Tectonic Past Performance
- Last 7 days: 10.5%
- Last 1 month: 19.4%
- Last 6 months: 31.0%
- Last 1 year: 24.6%
Tectonic Latest News
- Tectonic announced that their isolated pool feature would now be live. Their users could now enjoy greater security, more choices and higher capital efficiency. This would be in partnership with Veno Finance.
- Tectonic announced that that they have added the COSMOS ATOM token to their platform thus improving legitamcy and giving their users more options and better yield.
Tectonic Technical Analysis (May 3rd, 2023)
- The Moving averages show a strong buy with 12 buys and 0 sells
- The Technicals also show a strong buy with 3 buys and 0 sells
- The awesome oscillator, Momentum(10), and MACD levels show buying signals
The overall indicator for the coin is bullish.
Tectonic Price Prediction Today
|1. Market's Wisdom||Neutral|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
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 (Ranked 57th) in DeFi with about $120m 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.
In terms of performance, Tectonic has been in operation for the last 1 year. Let us look at TONIC has performed in comparison with the top 3 in the last 12 months
- Tonic: -46%
- LDO: +28.8%
- MKR: -63.0%
- AAVE: -42.4%
Tonic has lost value in line with most other players. However, on TVL Tonic has lost 78% in value from its peak which is much higher than LDO, MKR or AAVE.
TONIC is the native token Tectonic platform and has a maximum supply of 500 Trillion tokens, out of which 110,316,376,775,748 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.
Also Read: Aave Price Prediction and Quant Price Prediction
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.
Tectonic price prediction
Before predicting whether TONIC Coin is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:
Image: TONIC’s one-year graph
Above is its graph for 1 year and as we can see that the market price of the Tectonic crypto one year ago was $0.00000075. Hence, there is a decline of more than 78.6% in its price in one year, considering its current price of $0.00000016. Also, there were numerous ups and downs stating that the hike wasn’t really continuous. It even reached its all-time high value during that period.
TONIC Coin’s price has increased by more than 38.1% in three months (though the increase was not consistent), keeping in mind that its price 3-months ago was $0.000000099. However, its price reached a peak at $0.00000019 during this period (as depicted below).
Image: TONIC’s 3-month graph
The all-time high value of TONIC (after its launch) is $0.0000018 which it achieved in February 2022. After that, the price started to fall and is currently priced at $0.00000016 (again the decline wasn’t consistent during the entire period). Also, its market price a month ago was $0.000000097. It means that it has increased by more than 39.3% since then.
Note that TONIC crypto is 91.11% down from its all-time high price, meaning that it has a huge scope for growth in the future.
Also Read: SUKU Coin Price Prediction
Tectonic Price Prediction: Can TONIC reach 1 cent?
To reach a price of 1 cent, TONIC Coin needs to grow by 50000 times.
After its launch, Tectonic crypto reached its all-time high price of $0.0000018 in February 2022, where it grew by 4.09 times in just 1 month (from the lowest value of $0.00000044 in January 2022).
Thus, TONIC crypto requires 1016 years, which is not practical. Moreover, the current market situation of liquidity and inflation is definitely not in the favor of the crypto market. Therefore, it cannot even reach that value in the calculated time. Therefore, reaching 1 cent is an impossible task. The only way this is feasible is through a very active burn program that reduces coins in circulation by 90% or even more.
Tectonic Price Prediction: Will TONIC reach $1?
Considering that reaching 1 cent is an impossible target for TONIC crypto, $1 will be more difficult and impossible.
Tectonic Price Prediction 2023, 2025 and 2030
Tectonic Price Prediction 2023 is $0.000000221
Tectonic Price Prediction 2025 is $0.000000464
Tectonic Price Prediction 2030 is $0.00000222
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.