Pre-Market Price Analysis $TOMA Rises After Tomarket TGE Airdrop

Bittime - Tomarket launches its new crypto token, $TOMA, pthere will be the end of October 2024 through the Token Generation Event (TGE) which will take place on October 31. This event is an important momentum for this Telegram mini-application based platform. So what is the pre-market price analysis of $TOMA? Read the explanation.

In the days following TGE, $TOMA experienced an interesting price move, showing the volatility that many crypto observers anticipated. With all the growth potential it offers, investors are starting to pay attention to this token, trying to gauge its long-term potential in the market.

What is a Token Generation Event (TGE) and its Impact on the Price of $TOMA?

TGE was a crucial moment when $TOMA was first introduced to the crypto market. This moment also provides an opportunity for investors to own this token at an early stage. 

Prior to the official launch, the pre-market price of $TOMA was expected to hover around $0.001 (roughly IDR 15), with the expectation that price fluctuations would be influenced by user adoption rates and market sentiment.

To increase community interest and participation, the Tomarket Team runs various initiatives such as daily quizzes. Users can get additional rewards. 

This move not only helps increase engagement on the platform but also draws attention to the profit potential of the $TOMA token. Additionally, Tomarket introduced the “Premium Medal,” which can be purchased with 1 TON or 250 Telegram stars (approximately $5 or IDR 79,000). 

This medal provides a multiplier bonus on TOMA allocation and immediate access to 100% of tokens upon listing, but is limited to only 200,000 units.

Read also: Tomarket Price is This Much per Token, But the Listing Date Isn't Out Yet

$TOMA Price Movement: Pre-Market Rise and Stability

After the TGE on October 31, the price of $TOMA experienced an initial spike before then starting to stabilize. According to data from Gecko Terminal, the price of $TOMA peaked at around $0.000019 (around IDR 0.3) before selling pressure caused the price to gradually fall. 

Currently, the pre-market price is around $0.000016 (around Rp. 0.25), far from the initial projection of $0.001 (Rp. 15), indicating significant selling pressure.

This lower than expected price reflects that the market is still in the adjustment stage, with speculators and investors still cautious. 

However, the steps taken by the Tomarket Team in building an active and involved community, such as through the quiz program and Premium Medal, are expected to create stability and potential price increases in the long term.

$TOMA Price Outlook

Looking at the post-TGE situation, investors are advised to monitor $TOMA developments through official channels and trusted crypto media. This is to get price updates and market analysis. 

Given the high volatility at this early stage, continued user adoption and community response will be key in determining the price direction of this token going forward.

Investors need to consider appropriate strategies, such as portfolio diversification and adjusting investment size. Additionally, paying attention to daily price action and sentiment patterns will help in identifying buying or selling opportunities at the right points.

Read also: $TOMA Token Price Prediction from Tomarket Airdrop

Conclusion

$TOMA is present in the crypto market with great traction. This is thanks to an interesting initiative from the Tomarket Team that encourages community involvement. 

Although the current pre-market price is lower than initial expectations, with various development and community strengthening steps taken, $TOMA has the potential to experience growth in the future. 

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