Can Tectonic (TONIC) Crypto Reach $1? | CoinCodex (2024)

No, Tectonic cannot reach $1. The price of TONIC would have to increase by more than 843 million percent from its current price of $0.0000001185, which would mean that the market cap of Tectonic would surpass $11 trillion. This would make Tectonic nearly 10 times bigger than the combined value of all digital assets, including Bitcoin, Ethereum, and thousands of others.

Launched in late 2021, Tectonic is the leading money market platform in the Cronos ecosystem. It allows users to earn passive income on their digital assets and access instant liquidity via crypto loans. It also employs a smart contract-powered system of variable interest rates that adjust rates based on each market’s utilization.

While TONIC cannot reach $1 in the future (outside of a drastic change in tokenomics via token burns), that doesn’t mean that the project doesn’t have a lot of upside potential. In this article, we are going to examine different price catalysts for TONIC and consult our algorithmic price prediction to see where the token might be headed next.

Can Tectonic (TONIC) crypto reach $1?

You should not bank on the Tectonic cryptocurrency reaching $1. There are simply too many TONIC tokens in circulation for that to be a realistic price goal. If Tectonic were changing hands at $1 per token, the project’s market cap would surpass $11 trillion. For context, the highest Bitcoin has ever reached during the 2021 bull run was $1.22 trillion.

The table below shows different hypothetical TONIC price points and respective market cap and relative price change values.

*Based on the price of TONIC on July 18, 2023, of $0.0000001185

At the current token circulating supply of 11.6 trillion, TONIC’s price would need to increase by 843,881,757%to reach the $1 milestone. Even smaller price targets, like $0.1 and $0.01, seem quite unrealistic given the huge supply.

In addition to the humongous token supply, Tectonic faces the obstacle of serving liquidity in the Cronos ecosystem. According to DeFi Llama, Cronos’s TVL (total value locked) stands at $326 million, which is less than 0.5% of the entire DeFi market.

Cronos’s TVL is $326 million, which limits the potential growth of Tectonic. Image source: DeFi Llama

It is worth noting that Tectonic is the second largest dApp on Cronos in terms of TVL, accounting for $123 million of all value locked on Cronos. However, even if Tectonic were to account for all TVL on Cronos, the protocol would still face the relatively low-value barrier, far too small to facilitate TONIC’s growth to $0.0001 or more.

TONIC’s historical price movement

TONIC first started trading in December 2021 at a price of roughly $0.0000016. The token quickly retraced below $0.0000005 but went on to mount a massive rally in Q1 2022, which took TONIC’s price to an all-time high of $0.000001913 on February 8, 2023.

After the price spike and against the backdrop of the prolonged crypto bear market of 2022, TONIC gradually declined to its all-time low of $ 0.00000007 by the end of 2022. The token has since gained more than +50% but is still changing hands more than 94% removed from its all-time high.

With the historical price activity analysis in the rearview, let’s shift our focus to the future and examine TONIC’s price prediction for 2023 and beyond.

Tectonic price prediction 2023 - 2030: The algorithm forecasts long-term growth

According to our Tectonic price prediction algorithm, TONIC could see continued positive market activity over the next 12 months and grow by more than +100% by next July.

Tectonic price forecast for 2030.

On a longer time horizon, TONIC is expected to rally to $0.0000008565 by 2030, which would be a +623% increase compared to current market rates. This perfectly exemplifies how unlikely the scenario of Tectonic crypto reaching $1 actually is – TONIC would have to gain a whopping 116 million percent just to break that price level.

Please keep in mind that price prediction reflects market conditions and could considerably change in the future, especially when talking about longer-period price targets.

The bottom line: $1 milestone is out of the question, but that doesn’t mean that there’s a lot of upside for TONIC investors

We’ve hopefully demonstrated why the TONIC token reaching $1 is virtually out of the question. However, the token is expected to rally considerably above its current price in the coming months and years. The major factor determining Tectonic’s long-term success is the activity in the Cronos ecosystem and trends in the broader crypto market.

For more information on how CRO, the native coin of the Cronos blockchain, could perform in the future, check our analysis of CRO’s long-term price movements.

If you want to learn more about long-term price forecasts for additional cryptocurrency assets, find out whether Luna Classic can recover and reach $1 in the future.