No, Tectonic cannot reach $1. TONIC has a circulating supply of 247.7 trillion tokens, which means that its market capitalization if TONIC traded at $1 would be $247.7 trillion. For reference, Bitcoin has a market capitalization of $1.31 trillion at the time of writing this article, while the total cryptocurrency market cap is at $2.53.
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 $247 trillion. For context, the highest market cap Bitcoin has ever reached was $1.44 trillion.
The table below shows different hypothetical TONIC price points and respective market cap and relative price change values.
| TONIC Price | TONIC Market Cap |
|---|---|
| $0.000000138 (current) | $34.1 million |
| $0.000001 | $247 million |
| $0.00001 | $2.47 billion |
| $0.0001 | $24.7 billion |
| $0.001 | $247 billion |
| $0.01 | $2.47 trillion |
| $0.1 | $24.7 trillion |
| $1 | $247 trillion |
Based on a circulating supply of 247 trillion TONIC tokens.
At the current TONIC price of$0.000000138, it would have to increase by724,638,000% to reach $1.Even smaller price targets, like $0.1 and $0.01, seem extremely unrealistic given the huge supply of TONIC tokens.
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 $487 million, which is less than 1% of the entire DeFi market.
Cronos’s TVL is $487 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 $136million of all value locked on Cronos. However, even if Tectonic were to account for all TVL on Cronos, it would still be far too small for its token to be valued anywhere near $1.
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, 2022.
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 been struggling in the markets ever since it recorded a local peak in January of 2023.
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 2024 - 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 the end of 2024.
Tectonic price forecast for 2030.
On a longer time horizon, TONIC is expected to rally to $0.000000878by 2030, which would be a 536% increase compared to its current market rate is. This perfectly exemplifies how unlikely the scenario of Tectonic crypto reaching $1 actually is.
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 no upside potential 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.
