589 (589) Tokenomics
589 (589) Information
The project at 589onxrpl.com centers around the $589 token, a community-driven cryptocurrency on the XRP Ledger (XRPL). This token draws inspiration from a notable prediction within the XRP community that XRP's value would reach $589, symbolizing optimism and ambition in the crypto space. Following initial mismanagement by its original developers, the community initiated a Community Takeover (CTO) to revitalize and steer the project transparently. Now, decisions are collectively made by token holders, emphasizing the strength of a united community. The project boasts significant trading volumes on platforms like First Ledger and a growing base of holders, aiming to transform the meme into a meaningful movement
589 (589) Tokenomics & Price Analysis
Explore key tokenomics and price data for 589 (589), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
589 (589) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of 589 (589) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of 589 tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many 589 tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand 589's tokenomics, explore 589 token's live price!
589 Price Prediction
Want to know where 589 might be heading? Our 589 price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.