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tomiNet Price Prediction 2024: Will TOMI Thrive?

Last Updated February 28, 2024 6:40 AM
Peter Henn
Last Updated February 28, 2024 6:40 AM

Key Takeaways

  • Privacy token tomiNet’s co-founder Moshe Hogeg is facing fraud charges.
  • Can TOMI thrive despite controversy?
  • One tomiNet price prediction said TOMI could reach $3.59 in 2025.

Privacy-based crypto tomiNet got a boost in late August 2023 when it was listed  on the Bitfinex exchange. The platform’s TOMI token rose by nearly 50% in a week in the wake of the announcement. 

TomiNet team leader Abraham Piha told CCN.com: “At tomi, our immediate focus is on further developing the tomiNet and expanding our community’s reach worldwide. Being listed on Bitfinex is a significant step forward in the distribution of TOMI, and we are very excited about it. We are committed to fostering widespread adoption and growth, and constantly providing value to the crypto and web3 space. We will continue to advocate for freedom of speech and information.”

The news comes as the platform’s co-founder Moshe Hogeg, faces fraud charges in his native Israel. The Times of Israel  reported that Israeli authorities alleged he raised about $290 million for crypto projects before spending the money on himself. The police also claimed their investigation found evidence Hogeg had carried out sexual offences.  

A spokesperson for the Israeli Ministry of Justice confirmed that police had recommended charging Hogeg with fraud and sexual offences.

On February 27, 2024, TOMI was worth about $1.05.

Neither tomiNet nor Hogeg immediately replied to a request for comment about the criminal allegations. . 

But what is tomiNet (TOMI)? How does tomiNet work? Let’s see what we can find out, and also take a look at some of the tomiNet Price Predictions that were being made as of February 27, 2024.

tomiNet Coin Price Prediction

Let’s examine some of the tomiNet price predictions being made on February 27 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $2.04 $2.41 $7.49
Prediction #2 $2.56 $3.59 $8.72
Prediction #3 $1.40 $2.10 $14.82

First, CoinCodex  had a somewhat mixed short-term tomiNet price prediction. It said TOMI would fall to $0.9416 by March 3 before climbing to $1.11 by March 28. The site’s technical analysis was bearish, with 20 indicators making downbeat signals and just four making bullish ones. 

tomiNet Price Prediction for 2024

DigitalCoinPrice  said TOMI would reach $2.04 this year, while Bitnation  said it would get to $2.56. PricePrediction.net  thought it would trade at $3.75 in 2023. 

tomiNet Price Prediction for 2025

Moving on, Bitnation’s tomiNet price forecast said it would be worth $3.59 in 2025. DigitalCoinPrice suggested it would stand at $12.01. PricePrediction.net thought TOMI would be worth $2.10 next year. 

tomiNet Price Prediction for 2030

Looking at a more long-term tomiNet price prediction, PricePrediction.net said the token would reach $14.82 in 2030. DigitalCoinPrice thought it would be worth $7.49 that year. Bitnation’s TOMI price prediction saw it trade at $8.72 at the start of the next decade. 

TOMI Price History

Now, let’s look at the tomiNet price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a tomiNet price prediction.

tomiNet Price History
tomiNet has fallen after reaching an all-time high in mid-2023 | Credit: CoinMarketCap

When tomiNet came out in January 2023, it was worth about $0.24. It traded at an all-time low of $0.2035 on January 18. It climbed after this and broke past the dollar towards the end of the month. 

The price of TOMI rose until it reached an all-time high of $7.13 on June 6. This meant the token was a rare high point at a time when the crypto market struggled in the wake of the United States Securities and Exchange Commission (SEC) suing the Binance and Coinbase exchanges. 

There was a downturn after this. It soon slid below $5, hovering around that level for a while. It slumped again, and it collapsed to $1.85 on August 17. This was when the market crashed again after Elon Musk’s SpaceX sold millions of dollars worth of Bitcoin (BTC). However, despite the news of Hogeg’s legal problems, the Bitfinex listing saw it rise again. On August 31 it reached $3.53 before dropping to around $3.40 on September 1. 

By the end of the year, TOMI was worth $1.15 and, by February 27, 2024, it was trading at around $1.05.

At that time, there were 97.7 million TOMI in circulation out of a total supply of 125 million. This gave the token a market cap of around $100 million, making it the 112nd largest crypto by that metric.

Is tomiNet a Good Investment?

It is hard to say. On one hand, the idea of a truly free internet will always be appealing to some people. TomiNet could, potentially, link that concept with blockchain technology and give people a “safe space” online. The recent listing on Bitfinex will also bring TOMI to more people’s attention. 

On the other hand, though, there is one pretty serious issue facing tomiNet. The platform’s co-founder Moshe Hogeg is currently facing charges for fraud and sexual offences. With Hogeg having previously been under  investigation for underage sex charges, it is understandable if more ethically-minded investors might steer clear of TOMI. We should point out, however, that Hogeg denies all charges. 

Nevertheless, if he is charged and eventually found guilty, that will not exactly bolster TOMI’s reputation. 

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in TOMI.

Will tomiNet go up or down?

No one can really tell right now. While the tomiNet crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in tomiNet?

Before you decide whether or not to invest in tomiNet, you will have to do your own research, not only on TOMI, but on other, similar, coins and tokens such as Monero (XMR), Zcash (ZEC) or Verge (XVG). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

tomiNet (TOMI) Explained

Something that attracts people to blockchain technology and cryptocurrency is the offer of privacy. The idea that there is a place where someone can do things and not have to worry about governmental interference is a powerful one. It attracts many idealistic people to the blockchain. 

TomiNet  is a platform which aims to take these concepts and apply them to an alternative world wide web. Crypto entrepreneurs Abraham Piha, Moshe Hegeg, and Hirokado Kohji founded tomiNet in 2021. 

TomiNet aims to found a censorship-free internet, based on the blockchain. It is based on the Ethereum (ETH) network.

How tomiNet Works

TomiNet uses a web browser, but allows people to utilise the encryption of IP addresses and crypto transactions, thus helping them obtain privacy online. 

The TOMI token pays for transactions on the network and rewards people who help operate the system. People can also buy, sell, and trade TOMI on exchanges.  

Because tomiNet is based on Ethereum, it is a token, not a coin. You might see references to such things as a tomiNet coin price prediction, but these are wrong. 

tomiNet Attention Tracker

tomiNet Google Search Volume
tomiNet Google search volume | Credit: Google

Here is a chart for the tomiNet Google search volume for the past 90 days. This represents how many times the term “tomiNet” has been Googled over the previous 90 days.

FAQs 

How many tomiNet are there?

On February 27, 2024, there were 97.7 million TOMI in circulation out of a total supply of 125 million. 

Will tomiNet reach $10?

It might do. Both Bitnation and DigitalCoinPrice said it would get to that level in 2025, while PricePrediction.net said it would happen in 2026.

Keep in mind that the highest TOMI has ever traded at is $7.13, which it reached in June 2023. 

What is tomiNet used for?

The TOMI token pays for transactions on the tomiNet platform and rewards people who help the system operate. People can also buy, sell, and trade it on exchanges. 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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