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cPen Network Price Prediction: Will Binance drive CPEN to new highs
The cPen Network is innovating the blockchain world by allowing users to mine $PEN tokens directly from their mobile devices. The imminent listings on the biggies like WEEX and BitMart have raised speculation about an eventual Binance listing. Will this be the next major price catalyst for the altcoin? Here’s the lowdown.
CPEN Tokenomics: A Community-Driven Model
The altcoin uses a fair token distribution mechanism that endorses community involvement. A summarized overview is as follows:
Total Supply: 3,379,482,446.18
Total Mined Tokens: 2,027,689,467.71
Token Allocations:
Community: 72% (Pre-mainnet mining & airdrops: 60%, Mainnet rewards: 12%)
Core Team: 10%
Treasury (Liquidity & Listings): 10%
Ecosystem Growth: 8%
Exchange Listings: The Next Big Catalyst?
While the altcoin is expected to be listed and be subject to price volatility in early trading on the platforms WEEX and BitMart, the next question is whether Binance will also list CPEN. Despite the absence of any confirmation, strong community opinions hint that the exploratory options are indeed being considered by the team. A listing on Binance will bring liquidity and exposure to droves, indicating a possible price spike.
cPen Price Prediction: What to Expect?
This is a speculative price outlook for the coin, entirely based on market dynamics and the aforementioned exchange listings:
BitMart & WEEX Listing: The coin could trade somewhere in the range of $0.005-$0.015, depending on liquidity and initial market demand on the exchanges.
Binance Listing Situation: An announcement would send the price soaring upwards to around $0.05-$0.10, justified by insane trading volume and equally insane interest from buyers.
Long-Term Potential: If the token manages to gain some strong utility and adoption, it might appreciate significantly more in value during the next bullish cycle.
The tokenomics structure and favorable community dispositions rightly set the token for an exciting blockchain project that should be coming up very soon. The price movement majorly to top heights and the attention that will eventually follow the same will happen if it lists on BinanceExchange.
Also read:
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