Fundamental Analysis of Project $TOWNS
The Towns Protocol is a programmed communication platform based on Web 3.0, enabling users to create private digital communities (digital town squares) with full control over governance and voting rights.
Part of the TOWNS token is used for staking and participating in governance (decentralized governments) through the “Towns Lodge,” and there is an automatic buy-and-burn mechanism to incentivize support for the network economy.
So far, 10.12 billion tokens have been launched, with approximately 2.1 billion currently in circulation. The remainder will be gradually released according to the supply release schedule, which increases potential volatility.
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Short-term forecasts for the near future (after August 8)
My report indicates very slight upward expectations, with the price expected to reach $0.03365 the next day (August 9), showing a very slight daily growth of +0.014%.
If the positive momentum continues, the price may test resistance levels at $0.040–0.047. However, if the momentum weakens, there is a risk of a new downward trend. $XRP $BNB
