This year has seen significant developments and growth for the crypto industry. Fields and sectors have seen tremendous success after joining in and implementing blockchain technology, may it be healthcare, gaming, finance, and more. Due to the hype created by 2021’s bull cycle, new crypto coins and tokens have been popping up left and right to join in on the success. What’s more, the variety was diverse—you could find new meme-inspired tokens such as Dogecoin and Shiba Inu, as well as serious ones and play-to-earn ones.
Among the many cryptocurrencies that started emerging this year comes an adult-focused project called Taboo Token (TABOO). This project allows you to watch or view adult content via video streaming and NFTs. As its name implies, Taboo Token contains X-rated content, which is the kind of content that many people worldwide still consider taboo.
Despite what it’s offering, Taboo Token seems to be one of the most promising crypto projects this year, especially when it comes to profitable investments. In this article, we’ll have a thorough analysis of this up-and-coming token as well as provide a possible price prediction for the coming new year.
A Fundamental Analysis of Taboo Token
If you’re looking to invest in a cryptocurrency project that solely focuses on adult content via media streaming and NFTs, then Taboo Token might be the one for you. TABOO was developed by the same team who worked on the Enjin Coin marketplace, which shows that this project is a serious and well-planned one.
It is emphasized that this kind of activity isn’t a forbidden one. Its primary goal is to inspire traders and investors, make them feel good about their respective fantasies, and explore them through blockchain technology. In fact, TABOO wants to become “the Playboy of Blockchain” and be the go-to platform for providing NSFW 18+ content to its users.
What makes it even better is that Taboo Token has one of the lowest fees available, along with fast transactions, which are two things that can really draw in more people. Focusing more on non-fungible tokens (NFTs), it aims to create a bridge that can let their ERC-721 and ERC-1155 tokens cross over to the Binance Smart Chain (BSC).
TABOO’s team is still working hard to ensure only the best XXX content is available on the platform. One challenge that the developers are facing is that just about anyone can create and publish X-rated content. However, Taboo is working hard to promote scarcity so that only the best content will be available on the platform.
This includes featuring and collaborating with some of the more popular models and figures within the adult industry. The team is incredibly selective of the content that gets published, so users can rest assured that there won’t be any low-quality content on the Taboo ecosystem.
So far, Taboo has already partnered up with a couple of well-known stars in the industry, including Mackenzie Rose Hewson, Cj Sparxx, Khloe Terae, Chloe Avenheim, and Holly Barker. These collaborations have significantly boosted Taboo Token’s reach, as the names mentioned above have massive follower counts.
Taboo Token has a roadmap displayed on the site, and the team has been able to meet their goals one by one so far. Based on this roadmap, it seems like Taboo has a lot of plans and ideas in store for its users. For instance, during the last quarter of 2021, Taboo Token plans to “mint and distribute Taboopunks to purchasers.”
Here are Taboo Token’s tokenomics:
The crypto’s maximum supply is more or less 9.7 billion TABOO tokens, and the circulating supply has already reached 100% of that maximum supply. In other words, the tokens can no longer be supplied. Ultimately, this indicates that TABOO is deflationary and that there’s a good chance the price will increase in the future as the demand increases.
According to Taboo Token’s official site, about 70% of the supply is allotted to the community. Then, 18% is designated to the team, while 6% is for development, and another 6% is allocated to marketing.
Price Analysis
Taboo Token was launched relatively recently last June 2021, and at that time, the price was around $0.0003. For the following weeks, the price remained stagnant, but it increased up to $0.001 in August.
By October 2021, TABOO started to increase again in value, even reaching $0.01 for the first time. However, it dipped back down to $0.006, but it refused to give up. By November, the price reached an all-time high at $0.05.
Now, let’s go ahead and make a market price prediction for Taboo Token. According to experts in the cryptocurrency market, projects similar to TABOO have a significant chance of receiving massive increases in the future. Wallet investors predict that the token can reach $0.10 in the future, with an overall increase of about 250%.
On the other hand, Price Prediction.net theorizes that TABOO will increase so much that it could get as high as $1.50 by 2030.
