T is a token of platform Threshold. Its current price is around $0.04639 at the time of writing, with a low of $0.01473, and it has a market cap of 382 million dollars.
What is Threshold (T)?
T is the coin of the Threshold platform, which is around $0.04639 by the time of writing, with a low of $0.01473. It reached a high of $0.2245, and its current ranking is #97, according to CoinMarketCap, with a market cap of 382 million dollars.
The T token is the official digital asset of Threshold, serving as a utility token & governance token for the platform’s DAO. It is a digital currency used within the decentralized autonomous organization. The Threshold Network utilizes the concept of threshold cryptography to create a solution for digital asset utilities without needing a centralized authority. This will offer more benefits and improved experiences for digital asset holders.
T Coin Market Analysis
T has a total supply of 10,000,000,000 coins worth around $0.04639 with a market volume of 706 million dollars, whereas the market capitalization is 382 million dollars at writing. A tweet shared by Coinbase Assets triggered the revival of the Threshold Protocol, a combination of NyCypher (NU) and Keep Network (KEEP). This new protocol could potentially bring significant improvements to today’s security & privacy standards.
T Price Prediction
On the 1D timeframe, the price action of $T/USDT is bouncing nicely. Currently, the price is trying to break its resistance zone. We have to wait for a candle close above the resistance zone. Then we can see the further upward movement of $T. On the other hand, the price also may fall from here.
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Closing Thoughts
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.
