Tomarket Token (TOMA) Price Prediction Based on Premarket Data

Bittime - Telegram game Tomarket distributed the $TOMA airdrop on November 2.

There were no extraordinary fluctuations showing high enthusiasm for the $TOMA airdrop, nor were there too many complaints.

It seems that the views of Tomarket players towards $TOMA distribution is neutral.

Even though there are not too many issues regarding the $TOMA airdrop, what about the price of the Tomarket token (TOMA)? Is it satisfying?

The following is a review of the latest Tomarket (TOMA) token price predictions.

Weirdness in TOMA Airdrop

There is one strange thing about Tomarket, namely that even though the Tomarket airdrop distribution has been carried out, for some reason the Tomarket developer continues the farming phase in the game.

This clearly confused the Tomarket players, because when they got the $TOMA token, the game still continued.

Moreover, the $TOMA token that players have received via airdrop has not yet been officially listed on the market.

Read Also: How many Rupiah is 1 Tomarket Coin (TOMATO)?

When a player withdraws on Tomarket, a message will appear that reads, "Listing soon, go stake and earn more TOMA."

Judging from the pattern, Tomarket is simply starting a new farming phase, not officially launching the TOMA token.

Tomarket itself has not explicitly disclosed the total number of their tokens.

They just said that the allocation for airdrop $TOMA is 80% of the total tokens.

Price of Tomarket Token (TOMA) in Premarket

Processed from premarket data on Gate.io on November 3, 2024, token $TOMA shows a fluctuating initial trend, namely opening the price at the level of 0.00012 USDT and moving in the range of high 0.00013 USDT and low 0.00012 USDT. 

The last price recorded was 0.00013 USDT, which represents an increase of approximately 8.21% over the opening price.

Currently, daily trading volume stands at 4,706 million, showing considerable activity for the premarket stage, but with a decline in recent days.

Additionally, the highest purchase price in the order book was 0.00014 USDT, while the minimum sale price reached 0.00013 USDT, indicating a small difference between demand and supply. 

These order book differences indicate relatively low market liquidity for the $TOMA token at this time.

Read Also: How to Increase Tomarket Airdrops, Follow These 5 Steps!

$TOMA (Tomarket) Token Price on DEXTswap

On DEXTswap, price token TOMA reached a high of $1.41411, with an increase of 65.08% in the last 24 hours, signaling increased market interest in $TOMA.

There was a breakout at the resistance level around $0.6410454 which then pushed the price towards a new peak. 

The Bollinger Bands indicator shows widening, which indicates increased volatility. 

Additionally, the RSI indicator is at the 100 level, indicating a strong overbought condition, where buyers dominate the market. 

Meanwhile, the MACD shows strong bullish momentum, with the MACD line above the signal line and the histogram being positive. 

However, the MACD line is starting to show a slight decline, which may signal a potential weakening of momentum.

Tomarket Token (TOMA) Price Prediction Based on Premarket Data

Later, when the $TOMA token is first listed, there is a possibility that the price will experience an initial spike due to hype and high market interest, as can be seen from the increase in premarket trading volume and activity. 

However, the daily trading volume in the premarket is low (only around $0.0737) and the number of holders is still around 3.29 thousand, indicating that market liquidity is still not large enough. 

Read Also: Tomarket, Players Can Check the Number of Tokens in the Tomarket Game

This means that the initial price may experience quite high volatility, but is unlikely to remain at the upper level for long.

The $TOMA token price is likely to open in the range of $1.2 to $1.5. 

After that initial spike, the price may fall back to the $0.5 to $0.8 range as the hype momentum begins to die down and early traders take profits.

$TOMA Token Price Development in the Next 3 Months

There are several factors that determine a token price, including the $TOMA token.

As just a prediction assisted by AI processing, the following is a prediction of the development of the $TOMA token price over the next 3 months.

1. Holder Base and Trading Volume

When the number of holders and daily trading volume does not increase significantly, the token price tends to experience downward pressure. 

The large market capitalization ($685.83 billion) may look attractive, but without sufficient trading volume and liquidity, the price will not stabilize at high levels. 

Low trading activity suggests that real demand is not yet strong enough to sustain prices above $1 in the long term.

2. Market Sentiment

The overall crypto market sentiment will also influence the TOMA price. 

If crypto market conditions in the next three months are stable or bullish, the $TOMA token may be able to stay in the range of $0.4 to $0.7. 

Conversely, if the market is bearish or interest in this new token wanes, the price could fall below $0.4 or even lower.

3. Need for Additional Liquidity

Initial liquidity of $15 million is still enough to support initial trading, but will be easily absorbed by high buying and selling activity. 

If the $TOMA token fails to attract wider interest or gain support from large investors or major crypto exchanges, this low liquidity could lead to sharp downward price fluctuations.

Read Also: Tomarket Airdrop: Stake TOMA Tokens to Get Duck Prizes

4. Volatility

Referring to the volatility level of 0.34888, the TOMA token shows a tendency to fluctuate significantly. 

Such volatility makes the $TOMA token highly speculative, and the price may continue to oscillate between $0.2 to $0.5 in the next three months, unless there is a clear increase in volume and user base.

Tomarket Token (TOMA) Price Prediction After Three Months

Based on the above trends and factors, the $TOMA token price in the next three months is likely to stabilize at around $0.3 to $0.5, with the potential to fall further if there is no significant increase in the number of holders or daily trading volume. 

Should crypto market conditions worsen or the hype around the token decreases, the price could fall below $0.3.

Final Note

The $TOMA token currently shows the potential for high volatility and initial hype that could push the price up upon listing. 

However, without sufficient support in volume and holder base, this price is unlikely to sustain at upper levels. 

Realistic predictions suggest that the $TOMA token price will fluctuate in a lower range once the initial hype dies down.

It is estimated that TOMA price will stabilize between $0.3 to $0.5 after three months, with the possibility of falling further if there are no positive developments that support TOMA token sentiment in the crypto market.

The review of Tomarket token prices (TOMA) in this article is purely a prediction and education, not an invitation or even a certainty. Hope it is useful.

How to Buy Crypto on Bittime

Want to trade, sell, buy Bitcoin and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with CoFTRA, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.