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FIP 421 Launches: Unlocking $USTB Backed Frax USD for Real-World Utility
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It's not quite clear what will happen to your usdt, if your still holding it in Europe after 30th December of 2024. So do your own research and act accordingly. #usdtether #usdt #cryptonews #cryptocurrencynews #cyptotrading $BTC
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Can Toncoin (TON) Reach $100? An Analysis Toncoin (TON) is a cryptocurrency associated with The Open Network, a blockchain project initially developed by Telegram. Investors are curious about its potential to reach a $100 valuation. Let's explore the factors influencing this possibility. Current Snapshot (as of December 2024): Price: $5.78 Circulating Supply: Approximately 2.55 billion TON tokens Market Cap: Around $14.76 billion Market Capitalization Implications For TON to reach $100, its market capitalization would need to increase to approximately $255 billion, assuming the circulating supply remains constant. This would position TON among the top cryptocurrencies by market cap, indicating the necessity for substantial market adoption and investment inflows. Supply Considerations TON has a total supply of 5 billion tokens, with about 2.55 billion currently in circulation. The release of additional tokens into the market could impact the price, depending on demand dynamics and the rate at which new tokens are introduced. Demand and Utility Toncoin's value proposition lies in its association with The Open Network, aiming to provide scalable and efficient solutions for decentralized applications (dApps). Increased adoption of the TON platform, strategic partnerships, and a growing ecosystem could drive demand for $TON tokens, potentially influencing its price positively. Price Predictions Analysts have varied opinions on TON's potential to reach $100. Some forecasts suggest that, assuming successful market penetration and sustained growth, TON could reach a peak price of around $18.82 by January 2025. COINCODEX Others indicate that reaching $100 is unlikely without unprecedented market dynamics.
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