- TomoChain has given an outstanding return of 1893.7% since its inception.
- The 24-hour trading volume is at $9 million.
- TOMO/BTC pair is trading neutral by 0.7% at 0.00007083 BTC.
Today’s price of TomoChain is US $2.77, and the 24-hour trading volume is US $9,100,328. The price of TOMO has increased by 1.0% in the past 24 hours. Its circulating supply is 84 million TOMO coins, and the total supply is 100 million.
The weekly technical chart of the Tomochain displays an uptrend. According to the pivot levels, the primary support level is $2.20. On the other side, if it rushes up, the resistance level to follow is $2.90. Although the chart forms a Bullish Kicker candlestick pattern within the day, it is predicted that the price may remain bullish with medium reliability.
What is TomoChain?
Tomochain is a universal smart contract platform. It enables developers to create high-performance decentralized applications (dapps) that focus on speed, privacy, ease of use, and decentralization. Due to the efficiency of its voting consensus algorithm through Proof of Stake (PosV), transaction costs are relatively low, and confirmation times are much faster.
What Are Some of The Main Functions of TomoChain?
Source: Tomochain
Tomochain is scalable, allowing up to 2000 transactions per second, and the block generation time is 2 seconds. This means that token transfers or smart contract execution can be completed quickly to facilitate key transactions. TOMO’s smart contracts are also compatible with EVM (Ethereum Virtual Machine), where Ethereum developers can easily transfer their smart contracts.
The core team also released various products that provide additional features, such as TomoP for privacy protection and TomoDEX for the exchange of tokens.
How do I stake TOMO?
If you have TOMO, the key is to stake them on the master node that verifies the block. This is because TOMO is an inflationary cryptocurrency, and staking can protect your assets from inflation. You can view the masternode list on Tomo Master, and you can find a step-by-step guide on the official website.
Resistance Level: $2.90
Support Level: $2.20