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Toncoin Price Could Crash As Burn Rate Drops

source-logo  coingape.com 19 December 2024 14:28, UTC
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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. 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.

coingape.com