Titano price prediction: Tough competition for the staking titan

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Will investors flock to the fixed rewards provided by TITANO?

Asset growth                                 
TITANO stakers can earn a fixed APY of 102,483.58% – Photo: Shutterstock
                                

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There is a race in the crypto world to provide the fastest and most profitable staking platform. Titano thinks it has cracked this formula.

Investors can earn a daily reward of 1.89% of the tokens staked, which is paid out every 30 minutes. But the Titano platform has faced security challenges and is up against some tough competition. This has been reflected in its price, which has taken a hit over the past few weeks.

What is Titano (TITANO)?

Decentralised finance has seen its popularity soar in recent years, as more investors realised there were plenty of earning opportunities. Titano is a relatively new platform in this increasingly crowded market. It is hoping the high rewards and quick payouts are enough to keep TITANO holders engaged.

Titano lists three unique selling points for its staking platform: a fixed annual percentage yield (APY), fast rewards and security. While rewards for stakers can sometimes fluctuate, Titano promises a fixed APY of 102,483.58%, which translates to a daily reward rate of 1.89%. These staking rewards are paid out every 30 minutes, making it one of the fastest auto-staking protocols. Finally, it promises security as the TITANO is sent straight to the wallet.

TITANO is a BEP-2 token built on the Binance Smart Chain and was designed to provide these rewards. Currently, investors can only purchase the cryptocurrency on PancakeSwap with the BNB pairing.

Titano tokenomics

To achieve these high rewards, Titano has decided to follow a common tokenomics system for auto-staking protocols. It charges a fee for transactions, which is then put towards its staking rewards.

A percentage of all TITANO transactions – 5% to be precise – goes towards the risk-free value (RFV), a separate wallet for the protocol. This is used to stabilise and support the token during bearish peroids. It is also used to back the rewards promised to investors.

The treasury, another wallet, takes 3% of purchase transactions and 8% of sales. This wallet supports the RFV during times of extreme sell-offs, helping to create a floor value for the token. The treasury is also utilised for funding new products, services and marketing.

A final 5% of the transaction fees goes towards liquditiy, ensuring it can continue to provide for the BNB and TITANO pair on PancakeSwap. 

This totals a 13% fee for investors buying TITANO and a 18% fee for those selling it. 

Titano’s competition

TITANO faces stiff competition as there are plenty of other platforms offering this service. Take Safuu, for example, which rewards holders with an APY of 383,025.80%, much higher than Titano.

Safuu pays out to its investors faster as well. It rewards stakers every 15 minutes, rather than Titano’s 30-minute payouts. The SAFUU token is also performing better, with a higher price and market cap.

However, this has not stopped the TITANO token from enjoying a successful price history and confident forecasts.

Past performance

TITANO was listed on CoinMarketCap at $0.029 on 23 November 2021, and raced to more than $0.082 two days later. This came as the platform burned liquidity tokens and its team tokens. The price surge also followed CertiK announcing an audit was taking place. 

While TITANO corrected slightly, it hit a daily high of $0.089 again a month later on 26 December. A Christmas competition ended that day, which encouraged users to promote the token on social media. The following day, TITANO reached 10,000 holders.

As the token welcomed in the new year, it defied the bearish crypto market. TITANO skyrocketed at the beginning of 2022, racing to a daily high of $0.204 on 1 January and its all-time high of $0.2122 just a few days later on 8 January.

TITANO broke its price record after being listed on StockTwits, a social media platform for investors. This exposed the token to a wider audience, allowing users to comment and share about Titano.

A few weeks later, a new product was launched on the Titano ecosystem. TITANO holders could stake the token in a competition format, where the winners receive rewards and losers still get to hold on to the initial deposit. It said in a press release: “Titano PLAY is our first step in offering a wide range of use cases for the Titano token and creating a Titano economy.”

But the Titano platform was shocked by a hack to PLAY in mid-February. It later revealed that the hack was down to the new PLAY product, not the main TITANO smart contract.

In a blog post, Titano said: “The problem occurred when we trusted the contractor to deploy the PLAY contract. Despite transferring ownership back to us after deployment, it was the same deployer wallet that would allow for the hack that stole all the Titano from our PLAY protocol two days ago.”

On 16 February 2022, only two days after the hack, all of the tokens had been refunded to the investors who were affected. By 23 February, the Titano team managed to recover all the funds. The TITANO token was not too badly affected by the hack. It reached 50,000 holders on 4 March, and a $0.16 price point

Titano continued building on that momentum. It announced on 7 March that the Ledger wallet would now support the cryptocurrency. Later, it also revealed there would be more utility for the token, including plans to venture into NFTs and its own marketplace. However, any further details are still to be revealed.  

TITANO continued climbing throughout the month, peaking at $0.20 on 28 March 2022. It then saw a massive crash, plummeting to $0.15 on April 5.

Even though details about its NFT marketplace were still lacking, it recently announced plans to launch its own decentralised exchange. Investing.com wrote: “The Titan DEX release represents a new stage in the growth of Titano. It promises to give the project a long list of benefits to solidify its position as a leader in the DeFi space.”

But this did not stop the token from falling, and it stooped to $0.08 on 12 April. At the time of writing, it is showing signs of recovery and is sitting at $0.10. Will the staking token resume its upward climb?

TITANO price prediction

There is a bullish consensus from experts, with the Titano coin price prediction expecting a new all-time high.

WalletInvestor describes TITANO as an “awesome” investment. It estimates that the staking token will continue climbing in 2022 and reach an average of $0.40 in a year. Its Titano price prediction for 2025 suggests the token will reach $1.18 by the end of that year.

Gov.capital’s Titano price prediction for 2022 is more bullish, estimating it to hit $0.56 in a year. The token is forecasted to reach $1 in 2024 and $2 in 2027.

A more gradual rise is expected by TechNewsLeader, which thinks the price this year will stay around $0.23. The site says it will take until 2026 before TITANO can exceed the $1 mark. Its Titano price prediction for 2030 averages out at $5.72.

Meanwhile, DigitalCoinPrice does not think the Titano coin will ever get to $1. TITANO is expected to grow from an average of $0.13 in 2022 to $0.20 in 2025. The staking token is only expected to reach $0.47 in 2030.

There is a boom of DeFi platforms offering high APY rewards. While TITANO has made enticing promises, there are platforms providing even higher profits. However, the TITANO token is showing little sign of slowing down.

FAQs

TITANO is a rebase token, which as the protocol explains means the “circulating supply expands or contracts due to changes in the token price”. At the time of writing, there are 888 million TITANO in circulation.

It might be. Titano is a new staking platform giving investors access to high rewards and quick payouts. However, its PLAY service was hacked in February and some investors’ funds were stolen, before later being refunded. While the stolen TITANO has since been recovered, investors should always do their own research before investing.

TITANO price predictions expect the token to reach a new all-time high in the coming years. TechNewsLeader thinks it will surpass $5 by the next decade, but DigitalCoinPrice does not expect it to reach $1.

Remember, price predictions are often wrong so you should never invest more than you can afford to lose.

It depends. Titano is promising its holders the highest fixed APY rewards. But there are other staking platforms, like Safuu, that offer better rates and quicker payouts.

Remember, it is always in your own interest to do your research before investing.

Further reading

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