The tomiNet is not only a technological marvel, but also a financial one. With a price increase of over 2,104% this year, this innovative project aiming for a decentralized internet has caught the attention of the crypto world. But what is behind this exponential growth and what might the future look like? Read on to find out!
What is tomiNet (TOMI)?
The tomiNet is an innovative project that aims to… alternative internet to create that combines the best elements of Web2 and Web3 technologies. At a time when that Internet is increasingly controlled by large companies and governmentstomiNet offers one Solution to the pressing problems of centralization, surveillance and censorship. It allows users to access a parallel World Wide Web via a simple browser, which is characterized by data protection, self-government and a tokenized economy.
One of the biggest advantages of tomiNet is the introduction of a decentralized autonomous organization (DAO) for governance. This DAO allows users to actively participate in the governance of the network, from updating community policies to deciding the future development of the platform. This ensures that the Power is not concentrated in the hands of a small group of entities but is shared by the community as a whole.
Another key element of tomiNet is the use of tokenomics, which enables an internal, tokenized economy. The tomiNet token serves as an incentive mechanism that motivates all stakeholders to continuously improve and develop the network. This creates a sustainable ecosystem that is not only based on values and ideals, but also provides the necessary financial incentives to be successful in the long term.
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What has moved the price of tomiNet (TOMI) recently?
Below you will find a list of all the important factors that have an influence on the tomiNet price forecast:
Tomi is participating in Korea Blockchain Week
Just a few more days until Tomi goes to @kbwofficial we will be giving away lots of prizes with fun activities at our booth! Make sure to stop by!
— tomiNet (@tomipioneers) September 2, 2023
tomiNet took part in the Korea Blockchain Week 2023. This event is not just Asia’s largest blockchain event, but also a melting pot for innovation and partnerships in the blockchain space. The team didn’t just take advantage of the opportunity Presentation of his latest developmentsbut also to Networking with industry leaders, investors and technology evangelists.
By participating in panel discussions and informal conversations, the tomiNet team was able to provide valuable insights into the democratization of the Internet potential partnerships forge. Another important aspect was that talent acquisition.
Overall, tomiNet’s active role at Korea Blockchain Week 2023 not only benefited the project visibility, but also credibilitywhich is reflected in the recent price movement.
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Tomi has made it into the top 150 largest cryptocurrencies
Due to the increased demand could TomiNet made it into the top 150 largest cryptocurrencies by market capitalization at the beginning of the month. The coin is therefore likely to have a significant impact greater visibility gain among crypto investors, which in turn can have a positive effect on the price. The project ranks high currently at number 112which is an increase of 7 places in just 10 days.
Listing of tomiNet on Bitfinex
Since August 31st, the TOMI coin can now also be purchased on the central crypto exchange Bitfinex. This is one CEX from the top 10. It comes up today Trading volume of $113.99 million with 150,782 weekly users. On the following two days, however, TOMI underwent strong corrections of almost 35%, from which the price was able to recover somewhat. So it was a “Buy the rumor and sell the facts”.
Scandal surrounding crypto entrepreneur Moshe Hogeg
After an investigation lasting more than two years, police have recommended Cryptocurrency entrepreneur and former Beitar Jerusalem FC owner Moshe Hogeg to be charged with fraud, theft, money laundering and sexual offenses.
Hogeg is accused of around 2017 and 2018 Raising $290 million from investors under false pretenses for four crypto projects and using the money for personal purposes.
Likewise were Evidence of sexual assault and repeated violations of women’s privacy found. Other suspects in the case have also been charged with a variety of crimes.
The news could have an impact on the tomiNet token. Scandals of this kind can increase investor confidence in crypto projects shake and lead to a general market slowdown. Investors could become more cautious and shift their investments into less risky assets, which could affect tomiNet’s price in the short term.
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tomiNet (TOMI) price prediction
TomiNet is currently coming up with one Market cap of more than $220.27 million. Of the total 11,265,826 TOMI is located 58% already in circulationso one must Inflation must be taken into account. However, it is an inflationary cryptocurrency, so Even more tokens can be created and inflation can therefore be higher. However, this is determined by community decision-making power due to the DAO.
The token was listed for the first time on January 17th this year, for a price of $0.3235. Since then, the token has been able to do up to that All time high of $7.13 on June 6th climb. This corresponds to one Price increase of more than 2,104%, which is one of the best performances in the crypto space among the top 200 coins. A correction of 73.52% to $1.8877 then took place. From this level, TOMI could in turn rising 77.46% to $3.35.
The Trading volume peaked in the $40 million range, is located currently at $27.7 million still below. It has oscillated between $18 million and $23 million recently, rising nearly 29% today. It is also noteworthy that it has increased continuously since the start.
After the price briefly shot below the 61.8 Fibonacci level, it was able to recover within a few days. There is currently one ascending triangle trained, which is still A setback to $2.61 cannot be ruled outbut one in the medium term announces a possible price breakout. In this context, they must both resistances at $3.41 and $3.53 be overcome. But also the diagonal resistance line must be penetrated. The The next price target is then $1.16.
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About the author: Simon Feldhusen came into contact with the stock market for the first time 17 years ago and has been intensively involved in the topics of trading, cryptoassets, stocks, P2P, corporate financing, finance and entrepreneurship on a daily basis for more than 8 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following daily news. Since then, not a day goes by without him dealing with the markets. He publishes, among others, for Finanz.net, ETF-Nachrichten.de, Coincierge.de and P2E News.com.