Taiko Coin Prediction: Will TAIKO Touch $5?

Bittime - Taiko (TAIKO is a decentralized open-source ZK-Rollup protocol built on the Ethereum Layer 2 network. This token has just recorded its highest value in history (ATH) at $3.29 (around IDR 53,000). So, what are the predictions for the coin Taiko? Keep reading this article to find out!

Even though it was only launched recently, the price of TAIKO has experienced quite significant fluctuations. At the time of writing, the price was around $2.32 (around Rp. 37,800), down 5.65% in the last 24 hours according to CoinMarketCap.

Even though the price is falling, TAIKO's market capitalization currently stands at $146.76 million (around IDR 2.3 trillion), ranking it 2663rd among all cryptocurrencies. This figure shows the growing influence and adoption of TAIKO, attracting the attention of investors and traders.

Will TAIKO's Downtrend Continue?

TAIKO's trading volume in the last 24 hours reached $85.08 million (around IDR 1.38 trillion), a decrease of 46%. Despite the decline, TAIKO remains ranked 20th in terms of trading volume. This indicates strong market activity and high interest from the crypto community.

TAIKO's current circulation is 100 million tokens out of a total supply of 1 billion. If the entire supply circulates, TAIKO's market capitalization could reach $2.81 billion (around Rp. 45.3 trillion).

Since its launch, TAIKO's price has soared and attracted the attention of many parties. Despite experiencing a mild market correction today, TAIKO shows strong growth potential.

As of May 6, TAIKO had reached its all-time high (ATH) at $3.10 (around IDR 50,000) before being slightly corrected.

What Drives Taiko's Rise?

Several factors contributed to the increase in TAIKO prices, including positive market sentiment, increased trading volume, and significant developments in the Taiko ecosystem. One of the good news is TAIKO's listing on Upbit, a crypto exchange from South Korea.

Apart from that, the involvement of Vitalik Buterin, one of the founders of Ethereum, also helped catapult TAIKO's popularity. Recently, CoinGape Media reported the Taiko team's gratitude to Buterin for his support during the Ethereum mainnet launch. This further strengthens public trust in the Taiko protocol.

Not only that, Bitget Wallet, a leading Web3 wallet and DeFi platform, now supports Taiko mainnet. This wallet has a dedicated DApp browser for Taiko.

This allows users to access the Taiko mainnet directly via the Bitget Wallet mobile app and browser extension. This collaboration makes it easier for users to add tokens, make transfers, and connect to the DApp.

Future TAIKO Price Predictions

With the current development of TAIKO prices, if it manages to pass $2.85 (around Rp. 46,100). So, the next significant resistance is at $3.10 (around IDR 50,000), which was the previous record high.

Breaking through this trading pattern and sustaining above this level could pave the way for TAIKO to reach a more ambitious resistance target of $5 (around IDR 81,000).

Conversely, if selling pressure increases and the TAIKO price falls below $2.80 (around IDR 45,320), it could potentially pull back to the support trend line at $2.70 (around IDR 43,740).

Negative market sentiment could push TAIKO prices further, potentially towards the lower support level at $2.50 (around IDR 40,500).

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.