CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

TokenClub (TCT) price prediction: Can the investment app deliver?

By  Yoke Wong

Edited by Vanessa Kintu

16:52, 26 April 2022

TokenClub (TCT) price prediction: Can the investment app deliver? Office man finger touch finger, virtual screen with stock market changes, business candle chart chart. Double exposure of blue and white lines, growing numbers, online trading
TokenClub (TCT) price prediction: Can the investment app deliver? Photo: ImageFlow / Shutterstock.com

The token price of crypto investment platform TokenClub (TCT) has fallen over the past month amid lower investment interest in the project.

TokenClub coin prices fell to $0.02122 on 26 April, down 20% from $0.02662 on 26 March, data from cryptoasset price-tracking website CoinMarketCap shows. TCT token price is also down 47.5% compared to a year ago.

The token price hit an all-time high at $0.1177 on 9 May 2021 and has been trading significantly below the peak since then.

TokenClub (TCT) coin price chart

Over the past week, the trading volume of TCT surged to an average of $39.2m between 18-24 April, up by 16-fold from the previous seven days. During the increase in trading activities, the token price also increased to a 3.5-month high at $0.03004 before falling over the next few days.

The project’s development appeared to have been dormant since October 2021 with no updates on its Twitter feed and mostly empty website. As a result, it is unclear what caused the uptick in trading activity.

According to CoinMarketCap, 10 holders account for 89.76% of the circulating TCT tokens, with the top holder owning 30% of the circulating supply, while the second and third top holders accounting for 20% and 17.45%, respectively.

The number of unique addresses that hold TCT tokens as of 26 April at the time of writing, were 22,979, up marginally from 22,970 from three months ago, which suggests there were few new buyers for the cryptocurrency.

Are you interested in learning more about what TCT coin is and its outlook? Read this analysis for the latest predictions and TCT coin news.

What is TokenClub and how does it work?

TokenClub is an Ethereum blockchain-based cryptocurrency investment platform which provides market information and consultancy services.

According to Singapore business directory SGPBusiness.com, TokenClub was registered as a private limited company in Singapore on 4 December 2017. According to the directory, the company’s current operating status is live. Its listing states: 

“Principal activity is development of software and applications (except games and cybersecurity) with information technology consultancy (except cybersecurity) as the secondary activity.”

Despite the Singapore incorporation, there is another project with the same name, but the key management team operated in Canada. This project is operated differently from the cryptocurrency investment platform, offering curated, vetted initial coin offering (ICO) token information through monthly subscription.

The Canada-based monthly subscription service appeared to have been shut down in June 2018 as there were “far fewer quality token sales”. Instead, the management decided to focus on its other crypto payment project.

Despite having the same name, it is unclear whether these two projects are connected at all. 

TCT token supply

The investment platform’s utility coin is TCT, an ERC-20 token built on the Ethereum network. The token is used to reward “members who made contributions to the community” and facilitate various functions on the platform.

According to TokenClub’s white paper published in 2018, the maximum supply of the TCT tokens is capped at 1 billion. Out of the total supply, 45% will be reserved for public and private fund-raising, 8% have been distributed to angel investors and advisors, 25% is for community construction and 22% for the founder team.

TCT can only be purchased by Ethereum’s native coin, ether (ETH): 

“All ETH raised will be used for the project development and ecosystem construction, including team expand [sic], product development, market operation, globalisation and so on.” 

“TokenClub will also invest some fund in market promotion and community operation.”

TCT token is listed on the Binance, OKX, MEXC, Gate.io and Pionex exchanges, and the circulating supply is 817.9 million, according to CoinMarketCap.

Project targets and milestones

According to its white paper, TokenClub aims to “connect investors and blockchain projects to create an autonomous, trustful and efficient cryptocurrency investment service ecosystem”. It “focuses on investment consultancy, which includes market information, asset management and trading, high-quality content, community interaction, entertainment, institutional service and other functions”.

TokenClub claimed the project has a sizeable blockchain investment community actively using the platform and more than 1 million users registered on the TokenClub app. The app is only available on the Apple store. It also claimed that in 2017, TokenClub was the top cryptocurrency community in China. 

TokenClub launched its first live video streaming platform in April 2018 and, according to its white paper, “it became the first choice for many industry leaders and blockchain projects to hold their online roadshows”.

ETH/USD

3,374.84 Price
-3.120% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

DOGE/USD

0.13 Price
-0.450% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

BTC/USD

65,984.05 Price
+0.100% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

SOL/USD

180.71 Price
+2.950% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

The project also claimed it received registered investment advisers (RIA) status from the US Securities and Exchange Commission (SEC), but there was no data on SEC to confirm this.

Features and functions

According to TokenClub, the watchlist function allows users to select a list of cryptocurrencies that are of interest, and the platform could aggregate related news to the selected projects.

Creators of investment portfolios in the TokenClub App can earn rewards when other users follow their portfolios. TokenClub said that investors can create their own portfolios and increase their return on investment (ROI) rate when other users shortlist their portfolios.

The app’s ledger function enables users to track performance of their cryptocurrency’s portfolio.

Users can set the privacy setting on their watchlist, portfolio and ledger, choosing between “open to everybody” or “only visible to yourself”. 

There is also a price prediction feature in the app, and users can use TCT coin to bet on future market trends of selected cryptocurrencies. The loser will provide his or her TCT tokens as rewards for the winner. 

According to TokenClub, the app has carried out thousands of such predictions, with the overall prize pool of 460,000 TCT.

TokenClub introduced cryptocurrency wallet YuBiBao, and rewards users with an additional bonus if they are willing to hold TCT for a long period of time. The incentives were “one 10th of 1% of their balance as a TCT voucher every day.” (p42)

Who is behind TokenClub?

The Canada-based TokenClub.co site states the project’s CEO was Scott Burke. According to his LinkedIn profile, he left the project in June 2018. The project’s chief technology officer Andrew Redden remained in the management team. There is no information on any team members or founders for the Singapore-incorporated TokenClub.

Project risk profile

At the time of writing on 26 April, cryptocurrency research and data site Is This Coin A Scam gave the TokenClub project a safety score of 2.88, for an overall rating of ‘poor’. TCT scored 4.5 out of 10 on trading volume and 7 on sentiment and credibility. The development score was zero followed by 0.45 for awareness. The scores are based on the site’s research on social media platforms such as Reddit and Twitter. According to the research data site, TCT coin “is suited to a balanced investment style”.

Some of the causes for the token’s low rating may be that the link to the white paper on TokenClub website leads to a 404-error page, but the 2018 version of the white paper could be found on Whitepaper database. The white paper of a crypto project is an important indicator of the project’s technical feasibility.

Should you buy/invest in TCT crypto?

According to Crypto Review site Crypto & Reviews, “TokenClub has a lot of questions to answer when it comes to transparency and sustainability of their project.” The site listed several pros and cons of the token.

Crypto & Reviews’ Pros and Cons of TokenClub

Whether TCT is a good investment for you or not will depend on your portfolio composition, investment goals and risk profile. Different investment strategies will suit different goals with short or long-term focus. You should do your own research and never invest what you cannot afford to lose. 

TCT coin price prediction 2022-2025

At the time of writing, certain analysts remained positive for TokenClub (TCT) future. Will TCT price go up or down? Let’s take a look at some of their forecasts.

Forecast data provider TechNewsLeader’s tokenclub (TCT/USD) forecast was bullish for the next 10 years, predicting the price to be stable, reaching $0.023 in 2022  and climbing to $0.033 in 2023, $0.046 in 2024, $0.067 in 2025, $0.10 in 2026. By 2027, TCT coin was expected to rise to $0.14, and continue to surge to $0.20 in 2028, $0.30 in 2029, $0.42 in 2030, $0.60 in 2031.

Price Prediction’s forecast was even more bullish, projecting the average TCT price to pass $0.60 by 2031. Its expectations for the average TCT coin price are $0.024 in 2022, $0.036 in 2023, $0.053 in 2024, $0.074 in 2025, $0.11 in 2026, $0.15 in 2027, $0.22 in 2028, $0.31 in 2029, $0.47 in 2030 and $0.67 in 2031.

Wallet Investor’s TCT price prediction for the next five years was slightly lower, expecting TCT coin to reach $0.0339 in the next 12 months, and rise to $0.0816 in five years’ time.

When looking at TCT crypto prediction, investors should remember that the crypto market is highly volatile. Forecasts are based on inferences drawn from the past performance by analysts and may go wrong due to market gyrations, change in policies and unknown parameters. Investors should also consider the token’s collaborations, partnership deals and fundamentals rather than relying on predictions.

You should do research and base your decision to buy cryptocurrencies on your attitude to take a risk. Never invest money that you cannot afford to lose. 

FAQs

Is TokenClub a good investment?

Whether TokenClub is a good investment or not will depend on your investment goal, portfolio composition and risk profile. Always do your own research before investing and remember never invest or trade more money than you can afford to lose.

Does TokenClub (TCT) coin have a future?

TCT cryptocurrency has been dormant for the past few months with little development. The future of the project could depend on whether it can increase the utility of the platform and token, raise awareness and implement real use in the crypto community.

Markets in this article

ETH/USD
Ethereum / USD
3374.84 USD
-108.79 -3.120%

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 630,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading