Key Takeaways
- THENA token witnessed a surge of 500% after Binance announced its listing.
- At present THENA has an overall Total Locked Value of $31.98 million.
- The overall trading capacity of the THENA rose to $17.23 billion indicating the outstanding market presence of the platform.
- There was an increase in the price of THENA by 550% bringing the market capitalization of the token to $54 million.
- The 24-hour trading volume of THENA after the announcement rose to $27 million.
THENA (THE) token witnessed a surge of 500% after Binance announced its listing. This news has boosted its market capitalization and gained the attraction of global investors. A liquidity layer created on BNB Chain and opBNB is gaining significant attraction in the market. The demand for the token is boosted by the announcement of the Binance listing.
The traders expect increased liquidity and adoption of the token. The listing solidified the position of the token in the crypto ecosystem. Thus the listing can be considered as a major milestone in the project.
Binance announced the listing of THENA on their platform on November 26. This announcement created a liquidity layer on the BNB chain and opBNB. This announcement resulted in a major surge in the price of the token. The token skyrocketed about 500% in the last 24 hours. The traders are excited by this news. The traders anticipate increased liquidity and exposure followed by the listing.
Binance is one of the major cryptocurrency exchanges. The platform will open trading for multiple pairs including THE/BTC, THE/USDT, and others. The visibility of the token THE is expected to increase and make it accessible to a wide range of audiences. The listing is expected to increase the adoption of the token and enhance liquidity. These are the key factors for the continued growth in the decentralized finance(DeFi) ecosystem.
THENA runs as a complete liquidity center catered for BNB chain initiatives. The users are allowed to participate in perpetual contracts that leverage up to 60x as well as spot trades. Some special characteristics that differentiate THENA from other distributed services include WARP which is an impending launchpad along with a trading competition platform called ARENA.
These aspects are an indication of the THENA’s calculated attempt to attract trade and promote the involvement of the community. THENA guarantees reduced gas expenses and better speed while using opBNB. The token improves user experience and enables massive use of Web3 technologies.
At present THENA has an overall Total Locked Value of $31.98 million. The overall trading capacity of the coin rose to $17.23 billion. This is a clear indication of the outstanding market presence of the platform and its function as a major liquidity source present inside the DeFi ecosystem.
The optimism for future growth of the coin increased the demand.THE token is expected to gain further attention from the enthusiast as the listing date approaches. This listing could solidify its place in the crypto space.
THENA (THE): Current Price Analysis
The current trading volume of THENA(THE) is $91,031,349 for the last 24 hours. This indicates that the trading volume has increased by 34,148.60% from the previous day. The market capitalization of the token is $74,393,778. It has a circulating supply of 55,131,121.
The total supply is 233,085,887 and the maximum supply is 310,000,000. The lowest recorded price of the token is $0.572 and it was recorded on September 02, 2023. Compared to the lowest recorded price, THE has increased by 2,320.51% indicating a rise in its market activity.
The tokens are available on both centralized and decentralized crypto exchanges. THENA FUSION is the most popular option currently. The exchange has a trading volume of $28,096,809 for the past 24 hours. The active trading pair is THE/BSC-USD. The token is also available on Bitget and THENA.
Exponential Rise of THENA (THE)
The price of the token is currently trading at $1.17. The token witnessed an extraordinary rise in the last 24 hours. The volatility of the token increased. The lower range of the token was $0.20 and the high range was $1.25 within the last 24 hours.
There was an increase in the price by 550% bringing the market capitalization of the token to $54 million. The 24-hour trading volume amounts to $27 million. The performance of THENA captured the attention of the enthusiast. The listing on Binance also attracted the attention of crypto traders and investors.
The entry of THENA on Binance was on time. There is a coincidence of rising demand for the token in distributed exchanges and liquidity optimization. Binance allowed millions of its users to discover THENA features by listing the token on the platform. The listing can be considered as evidence of Binance’s role as an advocate of developing DeFi solutions and supporting THENA’s expansion.
