Total Number of Holders: 13524, Share of Top 100 Holders: +90.2%
Last 7 Days | -7.6% |
Last 1 Month | -13.4% |
Last 12 Months | -20.9% |
Tominet has lost 75% of its value since September 2023. What are the Signals and predictions?
UTC: Feb 22nd, 2024 07:15 PM
Overall Outlook | Neutral |
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 |
The $0.95-$0.97 band appears to be offering solid support for Tominet price and improving the macroeconomic environment could take Tominet back to $1.7 and then to $2.7. With improving trading volumes, it is increasingly likely that a move higher is coming. Given the significant whale control, it is impossible to predict precisely when such a move will occur.
TomiNet needs to grow by 92 times to reach a price level of $100. At $100, TomiNet’s Market Cap will be $6.5 Billion.
There is very little performance data available on TomiNet to make any accurate predictions. What we know for sure is that Tomi has cleared the $300M Market Cap just once.
Let us compare Tominet with HNT (Helium) Helium is a network of hotspots that provide long-range, low-power internet connectivity. While it is not the same as Tominet, there are some similarities. Helium (HNT) and TomiNet are both decentralized wireless networks that use blockchain technology to operate.
On January 20th, 2023, Tominet’s Market cap was almost zero. Helium was about $400 M. By June 2023, HNT went down to about $200M while Tominet was about $330M. In February 2024, TomiNet was about 96M while Helium (HNT) was at $1140M.
Let us look at when Helium reached its peak. Helium reached its peak in November 2021 (COVID Liquidity peak). It had a market cap of about $5.4B. In other words, with limited data, TomiNet’s best chance to reach $6.5 Billion is another major pump.
We are not even getting traditional internet providers or even companies like Starlink (Musk). The space is extraordinarily competitive for players like Tominet to gain a significant share.
In sum, lack of data, past performance, comparison with peers, and likely competition leads us to conclude that TomiNet will not reach $100.
TomiNet is a digital platform that provides a Web3 infrastructure for builders, change makers, and freedom fighters. It aims to promote digital human rights by providing technology that supports privacy, anti-censorship, and freedom of speech.
TomiNet is a platform that creates an alternative network to the World Wide Web. It has unique features, such as a governing body through a DAO (decentralized autonomous organization) and a privacy storage network, which makes it impossible for the network to be captured, censored, or controlled by large entities. In other words, TOMI provides a decentralized and private network that can operate independently from the traditional Internet infrastructure.
Read about Numbers Protocol which addresses authenticity and ownership challenges in digital media, covering diverse use cases
TOMI’s partnership with the Data Ownership Protocol (DOP) aims to revolutionize blockchain data ownership. DOP, built on TOMI’s tech, uses advanced cryptography to balance data visibility, offering both privacy and transparency. DOP’s token distribution includes 23% for TOMI holders, 1% for TomiPioneers NFT holders, and the rest for operations. The collaboration is supported by TOMI token buybacks funded by DOP’s sales and revenue. With DOP raising funds, TOMI stakeholders could see notable financial benefits
TOMI tokens are the native cryptocurrency of the TomiNet platform. The following are the primary use cases of the TOMI tokens:
Overall, TOMI appears to be a moderate case for investment.
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Here are the general steps to buy TomiNet crypto:
The following are the crypto exchanges to purchase TOMI tokens:
Kaspa Price Prediction 2024-2030
~Charu Taneja
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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