Latest TOMATO Coin Price Prediction: High Selling Pressure?

Bittime – TOMATO became a trending topic after announcing its airdrop event. And one interesting thing, the predicted price of the latest TOMATO coin is quite high and it is predicted that many people will sell it as a result of this airdrop event.

Enthusiasm for TOMATO's arrival is indeed high. This makes the token, although not yet listed on a centralized exchange, gain significant traction thanks to its popularity on the social media platform Telegram.

TOMATO Airdrop and Potential Upside

$TOMATO tokens are earned as rewards in the Tomarket tap-to-earn game on Telegram. After months of collection by 12 million players worldwide, the game developer announced there would be an airdrop on Monday, September 2.

This airdrop can be redeemed via Bitget Wallet and will distribute 350 billion $TOMATO based on screenshots of tokens collected through playing, farming, completing tasks, and referrals in Telegram-based games until 23:59 today.

Integration with Telegram opens TOMATO to a large audience, with more than 930 million monthly active users, and its gamified feel is a bonus.

Drawing on the success of other Telegram-related crypto tokens such as Toncoin and Notcoin, $TOMATO could potentially experience significant growth.

Unlike meme coins that are driven purely by hype and user sentiment, a gamified approach gives these tokens real utility, making them worth more.

Read Also: Tether Plans to Develop Dirham-Pegged Stablecoin

TOMATO Coin Price Prediction

TOMATO has not been registered on any crypto exchange at all. However, many have estimated the price of this token.

Quoted from news.investingcube, TOMATO token is currently around $0.013. However, an airdrop event may cause a short-term price drop as some holders will likely choose to sell their assets.

In an analysis carried out by Coiningabbar, it is predicted that Tomarket will have a total supply of 500 billion TOMATO with an airdrop share of 70% of all coins in circulation or around 350 billion.

As much as 70% will be distributed to the community, active players, supporting influencers, and the growth of their ecosystem.

This highlights a community-centric approach that can pay off, as the large volume of airdropped tokens can provide downward pressure within days of an airdrop.

Sumber: CoinMarketCap

According to a 4-hour chart produced by CoinMarketCap using collected on-chain price data, TOMATO price will likely hover around 0.0130, but needs to stay above 0.127 to prevent bearish momentum.

Meanwhile, the price is above 0.01325, the stability of TOMATO's price after the decline from its bullishness at $0.01352.

Factors that Can Influence TOMATO Prices

Apart from the airdrop, several other factors can influence the price of TOMATO coin:

1. Market Demand: The higher the market demand for TOMATO tokens, the higher the price. Factors such as growth in Tomarket game users, investor interest, and market liquidity can influence demand.
2. Project Development: The development of new features, partnerships, or other important achievements by the Tomarket project may increase the value of the TOMATO token.
3. Market Sentiment: Overall market sentiment can influence the price of TOMATO coin. Positive or negative news about the cryptocurrency market can influence prices.
4. Regulations: Changes in government regulations on cryptocurrencies may affect the price of TOMATO.

Risks and Challenges for Tomarket

Investing in cryptocurrencies always involves risks. Some risks to consider related to the TOMATO token include:

1. Volatility: The price of TOMATO coin can experience significant fluctuations in a short period of time.
2. Project Risk: The Tomarket project may encounter challenges or failure, which may affect the price of the TOMATO token.
3. Competition: There are many similar projects in the cryptocurrency market that can compete with Tomarket.

Read Also: Worldcoin Ready to Launch World Chain, Integration with 5 Platforms!

Conclusion

TOMATO coin has the potential to experience significant growth after the airdrop, but also faces the risk of a short-term price decline. Investors need to consider these factors before making an investment decision.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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