Tornado Cash (TORN) is a decentralized and non-custodial privacy solution built on the Ethereum blockchain. The cryptocurrency leverages zero-knowledge proofs and smart contracts to offer a permissionless and completely private network. 

This guide reviews the Tornado Cash price prediction for 2024-2030. We take an in-depth look at this popular cryptocurrency platform’s main features to determine TORN’s potential value in the coming years. 

Tornado Cash Price Prediction Summary

After releasing in 2019, Tornado Cash (TORN) has been a very volatile asset. Initially, the token reached an all-time high (ATH) of $437 a week after releasing at $213. However, ongoing sanctions from the U.S Treasury Department have led the TORN crypto price to fall under $10. 

This Tornado Cash price prediction summary lists some potential targets for TORN in the coming years:

  • End of 2024 – The 2024 performance of TORN will depend on the aftermath of the sanctions. A positive outlook in the ongoing scenario could witness TORN push past the $30 level, where the token traded before the sanction. 
  • End of 2025 – Many Tornado Cash price prediction algorithms are suggesting differing outlooks on the long-term price of TORN. Wallet Investor predicts a drop below $1, while other price prediction forums predict TORN to surpass the $100 mark in 2025.
  • End of 2030 – Due to the multiple use cases that Tornado Cash offers, the token could reach a high of $180 by 2030.

Tornado Cash Coin Price History

In 2019, Tornado Cash (V1) was released as experimental software before it became a wholly decentralized and open-source blockchain. 

In February 2021, Tornado Cash (TORN) went live after airdropping 500,000 tokens -accounting for 5% of the 10 million total supply. 

The token traded over the $400 mark during February after TORN was listed on the BKEX exchange with a USDT pairing. However, the initial price increase proved too much, as the bears took over and pushed TORN coin price below the $200 mark at the beginning of March. 

After falling to $129 at the beginning of March, the token showed signs of reversal after increasing to $180 on the 14th. This was following the network’s announcement that it planned to add back-ups to its withdrawal keys. 

In a press release issued by the treasury department, Tornado Cash has been used to launder over $7 billion in virtual currency since 2019. The announcement of the sanctions led to a massive price drop, as TORN fell from $30 to $16 in 24 hours. 

The token is 98% below its ATH of $437. 

  • TORN was released at $213 on 7th February 2021, with a max token supply of 10 million
  • On 13th February 2021, TORN reached an ATH of $437. 
  • The bears swept in and pushed the token to the $120 mark beginning March 2021. 
  • TORN rose to $180 during mid-March after the platform implemented back-ups for its withdrawal keys
  • The Torn token price has fallen to $8.76 after the US Treasury Department sanctioned the platform for an alleged $7 billion being money laundered on the cryptocurrency. 

Tornado Cash Crypto Price Prediction 2024

There are several factors at play that could influence the price of Tornado Cash (TORN) in 2024. One key factor is the ongoing lawsuit filed by Six Complaints challenging the US government’s decision to sanction the crypto mixer. If the lawsuit is successful and Tornado Cash is reopened for US citizens, it could boost the demand for the platform, potentially increasing its price.

Overall, the future price of Tornado Cash in 2024 depends on several legal and technological factors, making it challenging to predict with certainty.

TORN Token is currently trading above both the 200-day and 50-day SMAs, indicating a BUY signal. By the end of 2024, we predict TORN to reach a high of $30. Our minimum price prediction by the end of 2024 is $6.

Tornado Cash Coin Price Prediction 2025

Apart from the recent sanctions, Tornado Cash offers a unique cryptocurrency network. In May 2020, the creators destroyed their admin keys, meaning they cannot see or alter any transactions on the network. 

The network aims to provide investors with a completely private network, which is why it may be adopted in the long term. One of the most volatile cryptocurrency assets in the market, there are many differing Tornado Cash price predictions. For example, priceprediction.net, an AI-based algorithm, predicts Tornado Cash to have an average price of $105 by 2025. This is nearly an 11x price increase from current levels. 

However, Wallet Investor (WI), another crypto price prediction algorithm, predicts the token to fall by 96% by 2025. This would place the TORN crypto price at $0.35 per token. 

Tornado Cash Coin Price Prediction 2030

Tornado Cash is an open-sourced and permissionless crypto network that acts as a privacy solution on the Ethereum blockchain. Despite the recent price volatility, the token’s long-term success will be dependent on the utility it offers. 

For example, the launch of Privacy Pools by former Tornado Cash developer Ameen Soleimani could impact Tornado Cash’s price. If Privacy Pools gains popularity and offers better features than Tornado Cash, it could reduce the demand for the latter, leading to a decline in its price.

On the other hand, if Tornado Cash manages to address the flaws that Soleimani highlighted and remain popular among users, it could maintain its price or even increase it. Overall, this decentralized cryptocurrency offers innovative features such as anonymity mining and user privacy, which can help $TORN reach the high of $180 by 2o30.

Potential Highs & Lows of Tornado Cash Coin

The table below summarizes the potential price predictions for Tornado Cash between 2024 – 2030. 

Year of Price Prediction Potential High Potential Low Average Predicted Price
2024 $30 $6 $18
2025 $105 $0.35 $52.6
2030 $180 $60 $120

What is Tornado Cash Coin Used For?

The sections below discuss some of the main use cases of Tornado Cash.

User Privacy

The Tornado Cash platform uses zero-knowledge succinct non-interactive argument of knowledge (zk-SNARKS) – a protocol that allows an entity to prove it possesses certain information without revealing it. 

TORN decentralized

In the case of Tornado Cash, the zk-SNARKS allow the users to prove they are entitled to receive a certain number of tokens from the smart contracts that the cryptocurrency uses without actually handing out private information from their deposits. 

This allows participants to break a link in on-chain activity, facilitating transaction privacy between the sending and receiving parties. 

The Tornado Cash network develops a secret hash whenever an investor deposits assets. The smart contracts on the network are used along with the hash to accept the deposit. 

Anonymity Mining

Another privacy feature that users can access with Tornado Cash is anonymity mining. This is a mining process where the only information users provide is the wallet address. 

Tornado Cash provides users with a two-stage shielded liquidity mining system, which provides investors with privacy when mining tokens by providing liquidity to the platform. After investors deposit their holdings on Tornado Cash, they are awarded Anonymity Points (AP) in their shielded account. 

The shield account hides the users’ wallet addresses, balances, and other information. After investors collect enough AP, they can convert their holdings into TORN tokens. 

Investment Asset

tornado cash logoTornado Cash provides investors with its private blockchain network by leveraging TORN – the governance token of the network. TORN is an ERC-20 token with a total supply of $10 million; and is used to maintain transactions and can be used as an investment asset. 

Notably, 55% of the total token supply has been reserved for the DAO (decentralized autonomous organization) governance treasury, allowing participants to make decisions on the network. 

What Drives the Price of Tornado Cash?

The sections below will take a look at some of the major factors that determine the price of Tornado Cash. 

Use-Cases

After launching at just over $200 a token, TORN reached an ATH of $437 within the same month of trading. This is due to the 100% privacy that the network provides. While the Tornado Cash network has been linked to anonymous hackers and potential money laundering activities, it provides a decentralized set-up. 

When Bitcoin was released in 2009, the main purpose was to provide an anonymous and less-centralized form of currency for investors to use globally. 

While Tornado Cash’s (V1) was experimental software, the TORN token facilitates privacy and anonymous transactions worldwide. 

Uncertainty through Recent Backlash

While the Tornado Cash network offers a unique means of transferring funds internationally, the US Treasury Department has recently sanctioned the platform. The department has claimed that over $7 billion worth of funds has been laundered via the Tornado Cash network. 

The department believes that $455 million of the laundered money comes from funds that have been stolen by hackers sponsored by the Democratic People’s Republic of Korea. The group of hackers, believed to be the Lazarus Hacking Group, was previously sanctioned by the treasury department in 2019. 

The Tornado Cash token price dropped after the crackdown, falling from $30 to $8 in a span of a few days. 

Is Tornado Cash the Best Coin to Buy in 2024?

If you’re looking for a new and exciting investment opportunity among cryptocurrencies, Love Hate Inu (LHINU) might be the perfect project for you. As a meme coin operating on a decentralized Vote-to-Earn (V2E) platform, LHINU provides a unique opportunity to participate in voting on various trending topics while earning rewards and contributing to the growth of the community.

The project is built on the Ethereum blockchain, which provides an added layer of security and transparency for investors. Additionally, the team behind LHINU has taken all the necessary steps to ensure that the voting mechanism is manipulation-free and that community members have a fair say in sensitive matters.

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What sets LHINU apart from other meme coins like SHIB and DOGE is its added utilities. Staking your LHINU tokens on their website makes you eligible to vote and provides you with a passive income while sharing your opinion. Additionally, participating in polls can earn you rewards in tokens, NFTs, and more.

The strong community behind the project is also a significant factor in its potential success. While the team will initially plan the polls, the community will take over the decision-making process after Q3. This provides an opportunity for community members to have a say in the future direction of the project and contribute to its growth.

LHINU has already raised $7 million in its presale, close to hitting its hard cap of $10 million. The CEO of Love Hate Inu has been revealed as Carl Dawkins who recently organized an AMA on the Love Hate Inu twitter space which was tuned in by upwards of 1k users.

With the current success of the presale and the potential for significant growth in the future, LHINU is a promising investment opportunity in the world of cryptocurrency. So don’t wait; invest now and become part of the decision-making community.

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Chain Ethereum
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Conclusion

This guide has reviewed the Tornado Cash coin price to determine the potential price forecast up to 20230. While TORN provides investors with a completely private and decentralized method to send and receive funds, recent sanctions led to a 50% price correction in the token.

We also recommended $LHINU as a great alternative to Tornado Cash to invest in right now. Currently, the token is undergoing one of the most viral crypto presales and has collected $7 million during the first stages of its presale.

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