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Analysis | Altcoins

TRUF Price Prediction: Can Truflation Potentially Hit $2+ This Bull Run?

Author

Rickie Sanchez

Tags

Reading time

2 mins
Last update

Author

Rickie Sanchez

Tags

Category

Analysis / Altcoins

Reading time

2 mins
Last update

Author

Rickie Sanchez

Tags

Reading time

2 mins
Last update

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Truflation

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In this article, we will examine Truflation (TRUF) and evaluate whether this project can potentially reach $2 or more in this crypto cycle.

What Is Truflation (TRUF)?

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According to its website, Truflation is a project that aims to provide independent, real-time economic and financial data on-chain. Its goal is to bridge the gap between traditional finance (TradFi) assets and decentralized finance (DeFi) technology.

The project offers a verifiable and transparent source of economic data through blockchain technology, while the TRUF token fuels the network and grants holders a voice in its governance.

Truflation (TRUF) Price Prediction

One quantitative metric for evaluating a crypto project’s future price is market capitalization, or simply market cap.

Market capitalization takes into account both price and circulating supply. A high price for a cryptocurrency with few coins in circulation does not necessarily mean it is a strong investment. Market cap shows the total value of all the coins in circulation, giving you a better sense of the crypto’s overall size and influence in the market.

Here’s the formula to find the market cap of a crypto project:

Market Capitalization = Market Price * Circulating Supply

Now, let’s compute the market cap Truflation (TRUF) needs to reach in order to hit $2 or potentially more per token:

Circulating Supply –  115,586,630 TRUF (CoinGecko data)

Total Supply – 1,000,000,000 TRUF (CoinGecko data)

Max Supply –  1,000,000,000 TRUF

Current Price – $0.52889

Market Capitalization – $61,064,749

Fully Diluted Market Cap (If all TRUF tokens are in circulation) – $528,302,877

This information is current as of June 4th, 2024, and the token’s price, market value, and available supply are subject to change.

For TRUF to reach…Its market cap would need to grow by…
$2$232,000,000
$3$347,000,000
$5$578,000,000
$10$1,156,000,000

Note: This computation assumes the current number of coins in circulation remains constant. The market cap will be affected if the number of TRUF tokens increases in supply in the future.

Final Thoughts

The information presented here regarding cryptocurrency prices is for informational purposes only and should not be considered financial advice. The crypto markets are highly volatile and susceptible to sudden changes. Before making any investment decisions, it is important to conduct your own research, consider your risk tolerance, and potentially consult with a qualified financial advisor.