As of February 12, 2019, TOMO coin is traded at $0,41 and ranked 114 by market cap according to the CoinMarketCap. Will its price rise? Is it worth to buy it? Let’s consider these issues.
What is TomoChain (TomoCoin)?
TomoChain is a project offering a solution to the problem of scalability of smart contracts. Using technologies of this project in decentralized blockchain applications (dApps) will help to make transactions as fast and cheap as possible. The developers of this blockchain project want to develop a network that could be called the Internet of the future.
According to the project’s official website, TomoChain is “the most efficient platform for the token economy”.
Earlier it has been called TomoCoin. TomoChain is a legally registered company in Singapore. We managed to found in the country’s companies registry. TOMOCHAIN PTE. LTD has 201716924E Unique Entity Number (UEN).
Where to Buy TomoChain?
TomoChain token is available on the following exchanges:
- Kyber Network;
Most of trading volumes are concentrated on Hotbit exchange (TOMO/ETH and TOMO/Bitcoin trading pairs).
As predicted by our experts last year, the coin has gained over 160% in 2 months reaching $0.42 mark after its MainNet launch in December 2018.
At the beginning of February 2019, the team updated their wallet. The winter was rich in meetups (in Silicon Valley, Utrecht, and Seattle).
The team’s plans for 2019 include:
- MainNet 2.0 launch;
- DEX integration;
- ICO Template;
- Governance DApp (TomoMaster) for mobile devices.
TomoChain (TOMO) Price Prediction
In February 2018, TomoChain (former TomoCoin) was advertised by Marjan Martinovic on Medium as “next big thing”. Is that true? Will the coin surge in future? Let’s analyze favorable and unfavorable factors that can potentially influence price of the crypto.
Possible favorable factors:
- The platform is partnered with NEO, a crypto giant, which is often called “Chinese Ethereum”.
- There are several developed dApps built on TomoChain infrastructure like TE-FOOD, which is a decentralized food traceability ecosystem.
- TOMO is not listed on Binance. If it occurs, the crypto will receive powerful growth trigger.
- TomoWallet will be focused on security & user experience, allowing users to send/receive multiple tokens and messages. Its demo version has been initially released for Android users. There is also a desktop version on wallet.testnet.tomochain.com now. However, TOMO is an ERC20 token now. Token Tracker is here.
- The project has received positive reviews from users, in particular, on Reddit.
Possible unfavorable factors:
- Cryptocurrency market is highly competitive now. At the moment, there are not enough users in the world that who can facilitate growth of coins from top-300 by market cap and lower.
- As of February 2019, the cryptocurrency is on bullish stage, which may be followed by temporary downtrend.
- The project is actually an Ethereum competitor. It would be a hard task to compete with ETH and fight for a place under the sun.
It should also be noted that price of the token shows a relatively good stability during the last time (August – September 2018), without crazy pumps and dumps. We believe that this is a good sign.
So, our price prediction will be as follows:
|Period||Tomochain (TOMO) Price Predictions|
|Late 2019||$ 0.73|
Disclaimer. This information should not be construed as investment advice. We are not financial consultants. This article just represents our opinion on TOMO project.