The decline that followed Bitcoin's strong rise affected altcoins more than #Bitcoin . One of the altcoins that saw a 20% withdrawal was #Tomocoin . You can see that the structure we analyzed before in TOMO continues. #TOMO , which is in a movement area close to the support level, will take strength from this and make a move to the resistance levels indicated by the yellow arrow. If the positive atmosphere in the market continues, 3.30 USDT levels may be seen as the target of the bowl handle formation.
What is TomoChain (TOMO)? What are its features?
#Tomo is a blockchain protocol with high scalability and low transaction fees. It was developed by a team based in Vietnam in 2018.
TomoChain uses the Proof-of-Stake (PoS) consensus mechanism. Instead of mining, PoS is a consensus mechanism where nodes are rewarded for contributing to a blockchain.
TomoChain's main features are:
High scalability: TomoChain can process more than 10,000 transactions per second. This is much higher than other blockchains such as Bitcoin and #Ethereum .
Low transaction fees: Transaction fees on TomoChain are typically less than $0.00001 per second. This is much lower than transaction fees on other blockchains.
High security: TomoChain is secured using the PoS consensus mechanism and smart contracts.
TomoChain is used as a platform for various dApps (decentralized applications). Some of the dApps currently running on TomoChain include:
ReplyBlock: A messaging app
Bigbom: A social media platform
Binkabi: A cryptocurrency exchange
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