TokenFi (TOKEN) price is up 48% today: Here’s why
TokenFi (TOKEN) price has jumped 48% in 24 hours and 106% in the past week.
The gains come as the community prepares for major product launches, including staking.
TokenFi will also unveil the mainnet release of its Token Launcher and QuickLaunch Bot.
Ahead of what could be a defining few weeks for TokenFi, the price of its native token has seen a remarkable upside.
The gains for TOKEN comes as altcoins and meme tokens mirror Bitcoin’s spike to above $42k on Monday. For TOKEN, the upside also comes amid fresh interest in real world asset (RWA) tokenization.
As one of the projects looking to break into the market, trending alongside Visa, BTC and Gold today could be viewed as a significant show of interest.
#TokenFi is trending on X once again! 🔥
Today we’re trending in the business & Finance category, alongside Visa, $BTC, and #GOLD.
The #tokenization industry is HEATING UP, and $TOKEN is ready to conquer it! pic.twitter.com/P8pMDfyeUA
— TokenFi (@tokenfi) December 5, 2023
TokenFi’s “packed” December
Although recently launched by the Floki Inu (FLOKI) team, TokenFi is attracting a lot of attention for its real-world assets (RWAs) tokenization platform. As reported, funds in the UK recently got the nod to offer tokenised investments.
Amid huge investments into the sector by industry behemoths, TokenFi is targeting a piece of this $16 trillion market with the release of its RWA Tokenization Module, set for 2024.
But ahead of this, the platform has lined up a series of product launches in the coming weeks. The market outlook combined with these developments could catalyse further momentum for TOKEN.
Among the project milestones set for this month is staking. This is scheduled to go live on both the Ethereum and BNB Chain mainnets on Friday, December 8, 2023.
TokenFi will follow this with the mainnet releases of its Token Launcher, QuickLaunch Bot, and Launchpad. The testnets for TokenFi Token Launcher and TokenFi QuickLaunch Bot went live in the last week of November, with users able create tokens “in just a few clicks and without touching a line of code.”
Apart from the two features, the platform will also unveil its user incentives system before the end of the year.
TOKEN price near ATH
In the past 24 hours TOKEN has jumped 48% in 24 hours and 106% this past week to reach $0.052. Trading volume for TOKEN reached $87.7 million on Tuesday morning, representing a 265% jump as market activity rose.
With TOKEN/USD just shy of its all-time-high above $0.053 reached on November 2, it could be heading for $0.1 soon.
Today, it ranks among the top biggest gainers, alongside Casper Network (CSPR), Aurora (AURORA) and Memecoin (MEME).
