Toncoin Price Could Crash As Burn Rate Drops

Quick Summary:

Fundamentals like the rising TON inflation, falling burn rate, and poor performance of its ecosystem tokens mean that the coin may continue falling in the near term.

Toncoin price has suffered a harsh reversal, mirroring other altcoins that have lost momentum this month.

This sell-off accelerated after the Federal Reserve’s hawkish decision on Wednesday.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: IndiaFrance

Topics: Price Analysis Toncoin price Toncoin (TON) price Toncoin price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 14:08:20 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 48 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24550996

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