Toko Token price prediction: Is this new cryptocurrency a good long term investment?

Over the past year, the cryptocurrency market has exploded. Even relatively unknown meme coins like Safemoon, Shiba Inu have seen a massive jump in prices. Dogecoin has had a phenomenal year of growth. Inspired by the success of all the coins in the 2021 bull market, hundreds of new crypto coins have been released recently. However, not all of these coins have a useful function or value, but some unique coins do. One such promising coin called the Toko Token (TKO) has recently been launched. Read on to know more about the TKO crypto and Toko Token price prediction. 

Toko Token Price Prediction

Toko is a fairly new cryptocurrency, its price has the potential to go up or down in any direction in the future. Many crypto experts have given price predictions for Toko Token. At the time of writing this article, the price of Toko Token stands $2.4. Digital Coin Price predicts that the price of TKO could go up to $3.6 by the end of 2021 and up to $7.15 by 2025. Wallet Investor predicts that TKO could reach a high price of $3.2 in 2021. However, crypto price predictions should be taken with a grain of salt. 

What is TKO Crypto/ Toko Token?

As per an article in Yahoo Finance, the Toko Token is Indonesia's first virtual currency project on the Binance Launchpad. The Toko Token was introduced into the markets through the Binance Smart Chain on April 7, 2021. It should be clarified that while TKO is Indonesia's first cryptocurrency, it hasn't been authorised or backed by any authorities. The Toko Token has been built by the company Tokocrypto. 

As per the founder and the CEO of the company, Pang Xue Kai, the TKO Token and blockchain will serve as a vehicle to help the Indonesians realise the full potential of blockchain technology. As per Yahoo Finance, TKO offers a hybrid currency model, where it has elements of both Centralised Finance (CeFi) as well as Decentralised Finance (DeFi). The DeFi sector of the cryptocurrency world has especially blown up in 2021, with crypto coins from DeFi companies giving the highest returns, compared to traditional coins. Toko Token's services will offer trading fee discounts, airdrop entitlement, and merchandise redemption, as per Yahoo Finance. Stay tuned for more updates on cryptocurrencies. 

DISCLAIMER: The information provided on this website is for educational and entertainment purposes. The information provided on this website does not constitute investment advice, financial advice or trading advice. Republic World does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Readers should do their own research on cryptocurrencies and consult their financial adviser before making any crypto investments. 

IMAGE: TOKO TWITTER