A closer look at TomoChain and the price of Tomo Coin going forward.
Is It Worth Investing in TomoChain Today?
2021 has been a bit of a roller coaster for many cryptocurrencies and platforms, but has largely been positive as many cryptocurrencies have seen massive growth throughout the year. Even ones that are new or relatively unknown to many investors and individuals have garnered more interest than ever. A good example of this is TomoChain.
For much of its existence, TomoChain’s token (Tomo Coin) had a price at or under $.50 a token. However, in 2021, it has seen it’s peak rise to almost $4 per coin, and it has experienced massive growth since the beginning of the year.
While it still hasn’t broken into the top 100 of crypto assets by total market cap, it has people who own it pretty excited. Still, what does the future hold for both TomoChain and the Tomo Coin? Well, that is exactly what this blog post is going to look at. We are going to not only look at Tomo crypto price prediction, but also at what TomoChain is, the team behind it and more.
What Is TomoChain?
Before looking at the future potential of Tomo, it is a good idea to ensure you know what it is. TomoChain is a blockchain project and ecosystem that allows developers to create a wide variety of different applications for a laundry list of different use cases.
One of the primary goals of TomoChain is to solve the scaling problem that exists in blockchain, and its developers do this by increasing the amount of potential transactions per second that are possible. TomoChain has several other features, such as:
– High level of security
– Great user experience
– Proof of Stake (PoS) voting consensus
– Masternode system and slashing mechanism
– Incredible speed and 2-second blocktime
– Double validation and randomization
All of these features help make it incredibly popular, with a growing number of supporters and investors. TomoChain creators are looking to build the infrastructure of the future and make it much easier and nearly frictionless for developers creating a variety of blockchain-based applications and contracts.
The Team Behind TomoChain
So, who is responsible for TomoChain? The team is based out of Singapore and is led by CEO and founder Long Vuong, who was the project lead for the NEM blockchain, which has been incredibly successful so far.
The team also features a well-rounded group of executives, such as investment bankers, engineers, and developers. In addition to their main office in Singapore, the team also operates offices in Japan and Vietnam.
The team is very transparent and responsive, which gives investors and users confidence as they know who is behind the ecosystem and platform, and are aware of the level of involvement that they have.
What Is the Tomo Coin?
Like many other crypto platforms, TomoChain has a network token which is called Tomo Coin. This coin lies at the heart of the Tomo platform and helps it run. The coin is required to participate in the network and even allows you to vote on the future direction of the network and platform.
The team held an ICO (initial coin offering) back in March 2018 that raised just over $8.5 million. The ICO was planned to last 20 days to help the team reach their goal, but they ended up reaching it on the first day.
Like other coins, TOMO is also held as an investment by those who believe the value of the coin will increase over time due to investor interest or platform growth. You can trade it for other cryptocurrencies at platforms like Godex. Other popular pairs include BTC to NRG, ETH to XRP, and more.
The Future Outlook of Tomo Coin
So, what does the future hold for Tomo Coin and TomoChain as a whole? While it is impossible to know for sure, people are very excited about the potential of Tomo. It is a very young project still, and has a ton of room to grow and mature. It has a strong team of professionals and has all the features of a promising crypto asset and platform.
Also, the issue that TomoChain is trying to solve (blockchain scalability) is a major problem in blockchain. While MasterCard can do thousands of transactions per second, most major cryptocurrencies can only do a few. If Tomo is the project with the best long-term solution for dealing with this scaling problem, it could explode in both popularity and price.
As for many experts, they expect the price of this coin to rise dramatically in the coming years, but it may be a couple of years before we see it knocking on the doorstep of the $10 price that some experts see. It is certainly a prospective investment and one that could be a long-term play.
In conclusion, we hope this article has helped you learn about TomoChain as a whole, and what the future looks like for the platform and it’s coin. Of course, before ever investing your money into crypto (or anything else), be sure to do your own independent research and limit yourself to the money you can afford to lose, as all investments have some risk.