TTT price prediction: Transfer Token lacks strong user base
Japan-based crypto project has low trading volumes, but some price predictions are optimistic
- Transfer Token: Fees and rewards
- Transfer Token tokenomics
- TTT price prediction
- Transfer Token price prediction: Summary
The Transfer Token (TTT) is a cryptocurrency project of Japan-based virtual currency exchange and blockchain company Atom Solutions. Through the bespoke Eternal Wallet (released in January 2022), TTT can be used as a medium of international exchange against various currencies. Atom Solutions’ vision is to deploy blockchain technology to reduce foreign exchange (forex) costs.
At this stage, few fiat currencies are supported, those being the Philippine Peso and Nigerian Naira, although the 2022 roadmap pledges to add 34 new currencies of unspecified denomination to the platform.
Eternal Wallet allows for arbitrage trading opportunities for active investors. TTT holders can also take advantage of yield farming opportunities by contributing to the TTT Pool in return for a cut of the platform fees.
According to Etherscan, TTT has only 666 holders. In the token’s lifespan, 8,336 transfers have been conducted, an extremely low figure. An uptick in user interest would be needed to sustain growth in the project.
In the meantime, we delve further into the Transfer Token project and its TTT price prediction below.
Transfer Token: Fees and rewards
The Transfer Token whitepaper explains that simply holding TTT coin in your Eternal Wallet generates rewards sourced from commission fees. Lending tokens into TTT’s yield farm also nets a reward, although further details on APY rates are not readily available.
What is TTT, that is to say The Transfer Token platform, going to charge you for using it? According to the whitepaper, only $0.05, regardless of transaction size. This minuscule fee must be doing a lot of heavy lifting, since APY on yields and TTT holding rewards are sourced from here. (It could be a case of a translation error and 5% is the true commission fee. Currency.com has reached out for a confirmation.)
Transfer Token tokenomics
As of 23 June 09:30 BST (UTC + 1), TTT had an exchange value of $2.87 and a market capitalisation of $312.7m. Trading volumes are very low; over 24 hours, $181,743 changed hands, amounting to 0.05% of market capitalisation.
TTT has a circulating supply of 109,121,371, which is only 5% of the two billion supply cap. Atom Solutions currently holds the entire remaining 95% supply in a deployer account. According to the whitepaper, further public distribution will commence in February 2023.
The Transfer Token price encountered a bullish period at the start of 2022 following the release of the Eternal Wallet. After opening the year at $5.56, TTT rose 36.6% to $7.60 by 8 February. Since then, TTT has been in an extended bear position, having dropped to $3.89 by 1 May and to $3.47 by 1 June.
The token’s trading value as of 23 June was 47.8% below the 90-day high of $5.50 reached on 28 March.
TTT price prediction
PricePrediction’s Transfer Token price prediction for 2022 is $4.51. In 2025, TTT is expected to head up to $14.38 before reaching $98.71 in 2030.
DigitalCoin’s TTT coin price for 2022 is $3.78, followed by a 2025 prediction of $5.59. The forecaster’s Transfer Token price prediction for 2030 is $13.15. Using 26 technical indicators, Digitalcoin’s sentiment is largely bearish, with 13 pointing to a sell strategy, four to a buy strategy and nine to a neutral position.
WalletInvestor’s outlook is overwhelmingly pessimistic. By December 2022, TTT could be trading as low as $0.34, while the Transfer Token price prediction for 2025 is even lower at $0.32 come December.
The 2022 Transfer Token price prediction at TechNewsLeader is $4.49, followed by a 2025 target of $13.63 and a 2030 target of $84.06.
Transfer Token price prediction: Summary
According to the median Transfer Token price prediction among four online forecasters, TTT coin could net returns of 14% for 2022 and 195% by 2025. By 2030, the Transfer Token could generate 22 times returns for today’s buyers, according to the average target among three forecasters.
The TTT price forecasts mentioned in this article are not to be used to justify a financial investment. The token has as good a chance of falling in value as it does of generating returns. Always do your own research before investing, and never put down more than you can afford to lose.
The Transfer Token (TTT) is a cryptocurrency project of Japan-based virtual currency exchange and blockchain company Atom Solutions. TTT is used as an exchange token on the Eternal Wallet. Atom Solutions’ vision is to deploy blockchain technology to reduce foreign exchange (forex) costs.
PricePrediction’s TTT coin price prediction goes as high as $98.71 in 2030, representing possible returns of 3,339%. However, other forecasters expect negative returns for TTT. Your capital could be at risk. Make sure to conduct your own due diligence on the project before opening a position.
There are 109,121,371 TTT coins in circulation out of a two billion supply cap. Currently, 95% of TTT is held in Atom Solutions’ deployer wallet.
Transfer Token price predictions range between pessimistic and highly optimistic. Extensive research on the project is advised. Be sure to check out the whitepaper and underlying fundamentals to assess the project’s long-term potential.