What is Taboo (TABOO)?
Taboo is a blockchain-based adult content platform and provides a decentralized platform for adult content creators to distribute their content and earn income without censorship or intermediaries.
Taboo is built on the Ethereum blockchain and uses smart contracts to facilitate transactions between content creators and consumers. The platform also has its own cryptocurrency called "TABOO," which is used as a payment method for accessing content and as a reward for content creators.
The platform recently launched its native marketplace with cutting-edge functionalities with a redesign of their UI/UX. Users can now purchase the TABOO token, sell and trade the platform's native NFTs, or stake their current holdings to earn a guaranteed APY (Annual Percentage Yield) of up to 20%.
How it works:
The TABOO marketplace works on a 4-tier system, where each tier gives access to a higher level of content in the form of an exclusive NFT collection.
The more tokens a person holds, the more content they can access, similar to buying a Diamond tier on Patreon. Each Tier will grant access to more and more content, with the highest quality and most exclusive content contained at the highest tier for the most discerning of consumers.
Higher tiers also unlock benefits such as VIP party invites to Taboo Mansions, industry social events, model meet and greets, and more! In essence, it gives complete access to the world of TABOO, both for its online and in-person entertainment events (1st event was held in Phuket, Thailand August 2022) alongside some other crypto utilities.
The marketplace is also constantly being developed further by top-of-the-line developers and alongside its highly anticipated V2 and V3 features that are coming, there will also be cross-chain integration across various other crypto networks.
Taboo has also released the highly anticipated TABOOPUNKS, the platform's own NFT collection. Owning one of these, either a bronze/silver/gold TABOOPUNK, provides a direct ticket to exclusive VIP parties with supermodels.
In addition, investors who own the TABOOPUNK NFT will have access to all areas of the marketplace and some under-development or yet-to-be-released utilities, such as the Taboo Metaverse and TABOOSPACE. A TABOOPUNK is an NFT with utility, providing unlimited access to the platform and many of its exclusive events.
TABOO is selectively curating the most exclusive content creator list in existence, providing the highest quality and most exclusive SFW, NSFW as well as XXX exclusive media from a list of highly recognized creators.
It's worth noting that the content on Taboo is adult-oriented, and users must be at least 18 years old to access the platform.
Additionally, while the platform claims to provide anonymity and privacy for its users, it's important to exercise caution and protect personal information when using any online platform.
The chart above provides the current trading price for this project and can be set to display various time frames, including the entire price history for the project:
Should You Invest in Taboo (TABOO) Now?
The indicator below is provided by Trading View and is an algorithm that includes many commonly used technical indicators such as trendlines, moving averages, and momentum indicators, aggregated into an all-in-one "Buy or Sell" indicator for this project.
This is the current buy/sell sentiment based on technical indicators:
Was it a Good Investment?
This article was published on April 7th, 2023 when the trading price for TABOO was $0.003948.
A $1,000 investment in this project would have bought 253,292 tokens.
Today that $1,000 investment is now worth:
TABOO Project Links:
- Website: https://taboo.io/
- Twitter: https://twitter.com/taboo_io
- Telegram: https://t.me/TABOO_OFFICIAL
Before Investing in any Crypto Project
It is important before making any decision to purchase any cryptocurrency, to research and analyze the project as well as Do Your Own Research (DYOR). This can include performing both a technical and fundamental analysis of the project.
If you are a crypto investor considering this project, here are some initial factors to consider before making an investment.
Initial factors to consider:
- Historical performance: How has project the performed? Examine both the short-term and long-term performance to better understand the stability or volatility within the price. Look at where the price is trending, both in the short-term and long-term.
- Volume: Analyze the trading volume of the cryptocurrency to see if there is sufficient liquidity and market demand to be able to sell when needed. This is especially important when dealing with low-capitalization altcoins.
- Market cycles: Be conscientious of market cycles and how they may impact the price of the cryptocurrency, this can include the overall market trend (bull/bear market) as well as the cycle for the specific project.
- Market sentiment: Observe the general sentiment of the market regarding the project and assess if it is positive or negative towards the future market price of the project.
- Market events: Search for any major current or near future events that may have an impact on the future price of this project. This can include upcoming new releases, public partnerships, or even regulatory developments.
It is important to note that past performance is not a guarantee of future performance. This is especially true for cryptocurrency projects as this is a highly volatile (and speculative) market.
If you have decided to move forward on the project, it is worth conducting both a technical and fundamental analysis of the project (especially if you are considering holding for the longer term).
If you are looking to make a quick return on your investment, it's possible to just look at the technical analysis to determine your buy-in and selling price. If however, you are looking to hold for the longer term, it's necessary to also take into consideration the fundamental analysis.
Technical Analysis (When to Buy or Sell)
Technical analysis is a method used to evaluate the price movement and trends of a cryptocurrency by analyzing its historical price data and chart patterns to determine the probable future price movement..
The aim of technical analysis is to identify buying and selling opportunities by analyzing market trends and making predictions about future price movements and is one of many tools used to determine probable future movement by analyzing data and statistics gathered from historical trading activity, such as price movement and volume.
Technical analysis is important because it can help investors to identify potential buying and selling points based on past price movements and market trends.
When conducting technical analysis for purchasing a cryptocurrency, the following factors should be taken into consideration:
- Charts: Analyze the price charts of the cryptocurrency to identify trends, support and resistance levels, and chart patterns
- Indicators: Use technical indicators, such as moving averages, volume, and oscillators, to gain insights into market sentiment and potential buying and selling points.
- Trends: Identify the long-term and short-term trends of the cryptocurrency, including bull and bear markets, and make predictions about future price movements.
- Volatility: Observe the volatility of the cryptocurrency and assess if it is suitable for your risk tolerance and investment strategy.
- Market events: Consider any market events that may impact the price of the cryptocurrency, such as news, partnerships, or regulatory developments.
Fundamental analysis helps in determining the long-term success of a cryptocurrency project and this is especially important if you are looking to hold the cryptocurrency for a long period of time. If you are only interested in short-term gains, you may ignore this can go straight to the technical analysis.
Fundamental analysis is a method to evaluate the "intrinsic value" of the crypto project and the following factors should be taken into consideration:
- Technology: Evaluate the technology behind the cryptocurrency, including its security, scalability, and potential for future developments.
- Adoption: Assess the level of real-worldwide adoption and usage of the cryptocurrency, as well as its potential for future growth.
- Competition: Analyze the competition in the market and how it may impact the demand and value of the cryptocurrency.
- Team and leadership: Look at the team behind the cryptocurrency and their experience, track record, and plans for future development.
- Partnerships: Consider any partnerships or collaborations that the cryptocurrency has established, as they may impact its future growth and adoption.
- Regulatory environment: Analyze the regulatory environment and legal status of the cryptocurrency in your country, as it may affect its future value and adoption.
- Financials: Examine the financial health of the cryptocurrency, such as its revenue, expenses, and market capitalization.
Before investing in any cryptocurrency project, it's important to perform your own research and due diligence. In doing so, you will help to minimize your risk and maximize your gains on the investment.
If you would like to learn more about investing in cryptocurrency, read our Investors guide: