So far, 2021 has been one of the biggest years for the cryptocurrency industry. Adopting blockchain technology has helped many fields have huge success, whether that is gaming, finance, supply-chain management, healthcare, etc.
Due to this success, new cryptocurrencies emerged left and right and jumped on the hype that the bull cycle of 2021 has created, whether they were meme-influenced projects such as Dogecoin, or even serious and promising projects.
One particular project that focuses on adult content through NFTs and video streaming is Taboo Token. Just as the name suggests, this project provides X-rated content and is perceived as quite taboo by many people in the world.
Nonetheless, Taboo Token has proven to be one of the most promising projects in the industry when it comes to profitable investments. In this article, we are going to focus on the fundamentals of TABOO as well as provide an achievable price prediction for this project.
Taboo Token (TABOO) Fundamental Analysis
Taboo Token is one of the biggest cryptocurrency projects that focus on adult content through NFTs and media streaming. The developers are the same ones that built the Enjin Coin marketplace, indicating that Taboo is a rather serious and well-planned project.
The project emphasizes that the activity in the network is not forbidden and focuses on inspiring traders and investors to feel good about exploring their fantasies through the use of blockchain technology. In other words, Taboo Token aims to become “the Playboy of Blockchain” and be the best at providing XXX content to users.
As a layer 2 project, Taboo has some of the lowest fees as well as fast transactions. With the main focus on Non-Fungible Tokens (NFTs), Taboo aims to build a bridge that would allow their ERC-721 and ERC-1155 tokens on the Binance Smart Chain (BSC).
The Taboo Marketplace is set to be cross-chain, and it may also have a store to buy the merchandise that Taboo has to offer.
One challenge that Taboo faces is that anyone can create X-rated content. However, Taboo aims to promote scarcity and provide only the best out of adult content. This includes collaboration with famous models, pornstars, and many more known figures of the adult industry. The developers are highly selective on the content that is provided on the Taboo ecosystem, so this does not allow anyone to create low-quality content.
So far, Taboo Token has partnered with various industry stars, including Khloe Terae, Mackenzie Rose Hewson, Chloe Avenheim, Holly Barker, and CJ Sparxx. Such partnerships have boosted the influence of Taboo in the market as the above-mentioned have huge follower counts.
Taboo Token has successfully met the goals displayed on its roadmap so far. In the last quarter of the year, Taboo aims to mint and distribute Taboopunks NFTs to the ones who buy them. The marketing team of Taboo has been top-notch throughout the year, portraying Taboo as a rather serious and promising project.
Let’s look at the tokenomics of Taboo Token:
Taboo has a maximum supply of around 9.7 billion TABOO tokens. The circulating supply has reached 100% of the maximum supply, meaning that no more TABOO tokens can be supplied. This makes TABOO deflationary, indicating that the price may increase in the long run as the demand increases. 70% of this supply is allocated to the community, 18% to the team, 6% to development and exchange listings, and 6% to marketing.
Taboo Token (TABOO) Price Analysis
TABOO went public in June of 2021 at around $0.0003. The price was relatively stable in the coming weeks, but it managed to reach $0.001 in August.
In October, the price started increasing again and it reached $0.01 for the first time. After dipping to $0.006, the price had another increase and managed to reach an all-time high of $0.05 in November.
Rank: 1157
With a circulating supply of 9.7 billion TABOO and with a current price of around $0.05, Taboo has a market capitalization of around $470 million. With this market cap, Taboo Token is ranked at number 236 in the crypto market rankings.
Taboo Token (TABOO) Market Price Prediction
Many of the world’s leading experts in the cryptocurrency market predict that projects such as Taboo can increase at large rates in the future. Here is what some of them have to say about the future price of TABOO:
Wallet Investor predicts that TABOO can hit $0.10 in the future, and they predict that TABOO can have an increase of around 250% in the long run.
Price Prediction.net forecasts that TABOO can increase at large rates in the long run. They predict that TABOO may go close to $1.50 by 2030.
A Chain of Blocks on his YouTube account gives a careful analysis of some of the most promising altcoins in the market, including TABOO. He forecasts that such an altcoin can easily go 100x due to the increase in popularity of adult streaming services such as OnlyFans. Since Taboo Token is based on blockchain technology, it can become the best x-rated streaming network on the market.
Crypto Academy Price Prediction
Taboo Token is one of the few cryptocurrencies that can explode during this cycle as well as in the long run. With the demand skying high for such exclusive content, TABOO can easily climb the top 50 of crypto market rankings.
Due to the fundamentals of this project, we at Crypto Academy predict that TABOO can soar upward in both the short run and the long run.
Taboo Token (TABOO) Price Prediction 2022
As BTC keeps its momentum in the coming weeks of this bull cycle, we predict TABOO to join the wave and keep increasing. The price of TABOO could hit $0.10 for the first time and even approach close to $0.15 in the first quarter of 2022. In the coming months of 2022, TABOO could keep increasing as the demand for X-rated streaming services through blockchain increases.
Taboo Token (TABOO) Price Prediction 2023
In 2023, a price of $0.30 is attainable for TABOO as they meet the goals set on their roadmap. With more marketing and global exposure, TABOO could as well confirm this prediction.
Taboo Token (TABOO) Price Prediction 2024
In 2024, BTC halving is planned to occur. While for the majority of the year TABOO could be relatively stable and even slightly dip, by the end of 2024, TABOO could hit $0.70 as another bull trend is initiated by BTC.
Taboo Token (TABOO) Price Prediction 2025
In 2025, we could see TABOO maintain its momentum and keep increasing. Its price could aim for $1 for the first time and reach a historical milestone as the market cap becomes around $9 billion. This would place TABOO in the top
Taboo Token (TABOO) Price Prediction 2026
Last but not least, TABOO might go close to $2 by 2026. Mass adoption of cryptocurrencies has already started, and as institutional money flows in cryptocurrencies while the latter slowly replaces traditional methods of payment, then a $2 price per TABOO is quite possible.
Frequently Asked Questions (FAQ)
Can Taboo Token hit $1?
In the long run, Taboo Token can hit $1 due to its fundamentals as well as its deflationary features. The price could even exceed $1 in the long run.
Will the price of TABOO increase?
The price of TABOO is likely to increase in both the short run and the long run. Since the demand for x-rated streaming services is increasing, the price of TABOO may increase as well.
How far can the price of TABOO go in 2021?
In the remaining weeks of 2021, TABOO can increase and reach a price of $0.10 for the first time. The main reason for this is the rise in popularity of NFTs as well as Bitcoin’s price movement.
Also read: Dogelon Mars (ELON) Price Prediction 2022 and Beyond – Can ELON Eventually Hit $1?
Takeaways
- Taboo Token is a blockchain-based cryptocurrency that focuses on delivering adult content through NFTs and streaming services.
- It has partnered with some of the most prominent names of the industry, including Khloe Terae, Mackenzie Rose Hewson, Chloe Avenheim, etc.
- They plan to mint and sell TABOOPUNKS NFTs soon, which can easily boost the price of TABOO.
- It has a maximum supply of around 9.7 billion TABOO tokens, and 100% of the supply is already in circulation.
- The all-time high of TABOO is $0.05
- The price of TABOO is predicted to increase in both the short run and the long run.
- Overall, Taboo Token is a promising project.