NFT Market Growth Fuels Momentum

In recent weeks, the Solana NFT market has shown renewed activity. The rise in trading volumes across major collections has driven a strong influx of users to Solana-based NFT platforms. Weekly NFT volume jumped by 47%, indicating that the overall market is gaining strength—and Tensor is among the platforms benefiting most from this surge.

The increase in NFT trading has not only boosted platform activity but has also significantly raised demand for TNSR. As Tensor’s governance token, TNSR is closely tied to user engagement on the platform. Therefore, the rise in user activity and transaction levels has naturally translated into growing interest in the token.

Rising Volume and Liquidity Drive the Rally

One of the biggest catalysts behind TNSR’s price jump has been the massive spike in trading volume. With daily transaction volume rising to $310 million, the market has seen a substantial liquidity influx. Since most of this liquidity came in as buy-side pressure, the price climbed rapidly.

Approximately $997,000 in new capital entered the market, creating additional buying pressure. On top of this, over $10 million worth of short positions were liquidated—signaling that buyers have taken control of the market. These short liquidations were among the key accelerators of the explosive price move.

Community Strength and Ecosystem Expansion

Tensor is more than just an NFT marketplace; it has a strong and rapidly growing community. The project’s airdrops, user incentive programs, developer infrastructure, and community treasury all contribute to the long-term potential of TNSR.

High community engagement boosts platform activity while strengthening investor confidence. This environment of trust creates a structural and psychological foundation supporting the token’s upward trend. Many investors view Tensor not as a short-term project but as a platform with a solid vision and long-term growth strategy—driving more demand for TNSR.

Conclusion

TNSR’s impressive rally is the result of multiple converging factors:

• the growth of the Solana NFT market
• rising activity and volume on Tensor
• strong liquidity inflows
• large short liquidations
• and active community dynamics

While short-term volatility may occur, the continued expansion of the ecosystem provides a solid foundation for TNSR’s long-term outlook..

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Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 2.1% in the last 24 hours and is currently trading at $95,493. If the rise continues, Bitcoin (BTC) may face resistance at $96,600. If a 4-hour close occurs above this level, the next resistance level will be $98,200. The support levels are $94,400 and $91,800, respectively.

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Ethereum (ETH): The ETH/USDT pair has gained 5.01% in the last 24 hours and is currently trading at $3,589. Resistance levels for ETH are $3,666 and $3,970. Support levels are $3,490 and $3,390.

Worldcoin (WLD): The WLD/USDT pair has gained 7.15% in the last 24 hours and is currently trading at $2.54. Resistance levels are $2.58 and $2.75. Support levels are $2.40 and, if the decline deepens, $2.25.

Tensor (TNSR): The TNSR/USDT pair has gained 12.24% in the last 24 hours and is currently trading at $0.62. Resistance levels are $0.66 and $0.77. Support levels are $0.56 and $0.50, if the decline continues.

Solar (SXP): The SXP/USDT pair has gained 3.28% in the last 24 hours and is currently trading at $0.39. Resistance levels are $0.41 and $0.43. Support levels are $0.37 and $0.33 if the decline deepens.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Vector Smart Gas (VSG), GOGGLES (GOGLZ), and Thena (THE). The biggest gainers include Metaplex (MPLX), SPX6900 (SPX), and Ethereum Name Service (ENS). The biggest losers are Big Dog Flink (BINK), Just a chill guy (CHILLGUY), and Zerebro (ZEREBRO).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map of Bitcoin, the prominent liquidation is at $97,308 with $60 million on the upper side. On the lower side, there’s a liquidation at $94,801 with $29 million.

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The post Current Status of Bitcoin and Cryptocurrencies: November 28 appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has risen 8.45% in the last 24 hours, currently trading at $74,665. If the uptrend continues, the next resistance levels could be $74,400 and $75,000. Support levels are at $72,600 and $69,600.

Ethereum (ETH): The ETH/USDT pair has gained 8.53% in the last 24 hours and is currently trading at $2,644. Resistance levels are $2,650 and $2,770, with support at $2,540 and $2,470.

Wormhole (W): The W/USDT pair has risen by 8.85% in the last 24 hours, currently at $0.22. Resistance levels are $0.23 and $0.26, with support at $0.19 and $0.16 if the decline deepens.

Toncoin (TON): The TON/USDT pair has gained 3.97%, currently at $4.78. Resistance levels are $4.80 and $5.07, with support at $4.60 and $4.40.

Tensor (TNSR): The TNSR/USDT pair has risen by 16.74%, currently at $0.39. Resistance levels are $0.40 and $0.50, with support at $0.355 and $0.31 if the decline deepens.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Nym (NYM), MAGA (TRUMP), and Panther AI (PAI). The biggest gainers include Goatseus Maximus (GOAT), Non-Playable Coin (NPC), and SPX6900 (SPX). The top losers are PAX Gold (PAXG), Tether Gold (XAUT), and Ultima (ULTIMA).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation at the top is $116 million at the $75,999 level. At the bottom, the significant liquidation is $79 million at the $73,201 level.

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The post Bitcoin and Cryptocurrency Market Update – November 6 appeared first on Coin Engineer.

According to information shared by blockchain analysis platform Lookonchain, one Tensor user won 712,348 TNSR tokens based on the airdrop results announced yesterday. These were worth around $1.5 million at the time of transaction.

12.5% of the supply of TNSR, the governance token of the Tensor platform with a total supply of 1 billion, was distributed to the owners of the treasure boxes via airdrop. It is planned to allocate 55% of the total token supply to the TNSR community.

According to Tiexo data, 41% of the NFT transactions made in the Solana ecosystem in the last 24 hours were from Tensor. Magic Eden continues to lead with a 56% market share.

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Explore the New Trading Horizon: Tensor (TNSR)

Tensor (TNSR) emerges as a cutting-edge NFT marketplace built on the Solana blockchain. It offers a unique mix of art, collectibility, and digital innovation. With the Seed Tag applied to TNSR listings, Binance highlights the token’s potential for innovation. At the same time, it acknowledges the risks and volatility associated with new market entries. The Seed Tag is a marker for tokens that could experience higher volatility, promoting informed trading decisions.

Trading Safely with the Seed Tag Initiative

To foster a safe trading environment, Binance has introduced the Seed Tag system. This system applies to tokens like TNSR that present a higher risk profile. Traders looking to access these tokens must pass quizzes every 90 days on both the Binance Spot and Binance Margin platforms. They must also agree to the Terms of Use. This educational approach aims to raise awareness about the risks involved in trading newer tokens. Information about the Seed Tag is available on the Binance Spot and Binance Margin trading pages, as well as the Markets Overview section. A risk warning banner will also be displayed for all tokens with the Seed Tag, ensuring enhanced visibility.

Important Notices for Traders

• The TRY currency in the TNSR/TRY trading pair exclusively refers to the Turkish Lira. It is not linked to any digital currencies.
• The announced time for withdrawals to open is an estimate and might change. Users should check the withdrawal page for real-time updates.
• Although translated versions of this announcement are available, discrepancies might occur. For the most accurate and up-to-date information, users should refer to the original English version.
• Trading in TNSR involves a higher degree of risk and volatility. Binance urges all users to conduct thorough research and understand the project’s fundamentals before trading. They should also practice prudent risk management.

With the introduction of TNSR and the innovative Seed Tag, Binance continues to broaden its trading ecosystem. It offers users new opportunities while emphasizing the importance of informed trading and risk awareness.

The post Binance Lists Tensor (TNSR) with Unique Seed Tag Functionality appeared first on Coin Engineer.

OKX, a prominent cryptocurrency exchange platform, has officially declared the inclusion of Tensor (TNSR) on its spot trading market. Tensor, a significant player in the NFT ecosystem built on the Solana blockchain, is poised to introduce its newly launched token on OKX’s platform with a series of scheduled events.

Solana Exec Applauds Tensor’s OKX Listing

Austin Federa, the Head of Strategy at Solana Labs, has voiced optimism about Tensor’s listing on OKX. He emphasized the strengthening presence of Solana ecosystem tokens through major exchange listings. Additionally, the Solana community has demonstrated keen interest in the new token’s listing.

As per the latest announcement, TNSR deposits will commence on the OKX exchange at 4:00 am UTC on April 8, 2024. Subsequently, TNSR/USDT spot trading will kick off at 3:15 pm UTC on the same day. Furthermore, TNSR withdrawals are scheduled to open at 3:15 pm UTC on April 9, 2024.

The addition of Tensor to OKX’s trading ecosystem signifies a significant milestone for the Solana NFT community. Tensor Protocol, known for its smart contract-based autonomous protocol, serves as a cornerstone for NFT marketplaces.

Moreover, it enables seamless connectivity among users, collectors, buyers, and sellers. With a maximum supply of 1,000,000,000 tokens, Tensor aims to revolutionize NFT trading experiences on the Solana blockchain with the launch of TNSR today.

About Tensor Protocol

Tensor has emerged as the largest NFT marketplace on Solana, commanding 60-70% of the network’s daily NFT volume. Its rapid rise to dominance since its inception in July 2022 underscores its appeal and utility within the burgeoning NFT landscape. Therefore, Tensor’s introduction of its native token, TNSR, marks a groundbreaking move.

Tensor’s success is attributed to its commitment to offering a fast and professional trading environment, coupled with comprehensive coverage of the latest NFT projects on Solana. Within less than a year, Tensor has risen to become the #1 marketplace on Solana, earning the trust and patronage of collectors and traders.

As TNSR makes its debut on OKX’s platform, anticipation grows regarding its potential impact on the broader crypto market. Currently, TNSR’s price remains undetermined as the listing is pending. Nevertheless, its listing on OKX presents an opportunity for traders and enthusiasts to engage with this new investment option.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Solana Exec Bullish on Tensor (TNSR) Listing on OKX Exchange appeared first on Coin Engineer.

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Solana searches on Google surpassed Ethereum searches for the first time in 2023, as investors conducted research on the cryptocurrency amid growing interest in the crypto ecosystem.

Solana had a significant lead in searches throughout the year, with a score of 37 points to Ethereum’s 50-point band. However, the data shifted from December 17 to December 23. Solana’s search interest score rose to 56, while Ethereum’s fell to 50.

Terms that receive a 100 score from Google are considered to have “highest popularity.” According to the data, Solana (SOL) search terms are expected to receive a 100-point search interest score between December 24 and December 30.

You can see Google Trends Datas by clicking here.

In addition, the data showed that Solana has received more search interest than Ethereum in countries such as Spain and the Philippines.

It is worth noting that investors who search for Solana also search for BONK and TENSOR.

Interest in proof-of-stake (POS) products has increased significantly in recent months. This could be due to the recent increase in Solana (SOL) ‘s price.

The post Solana (SOL) Surpasses Ethereum in Google Searches appeared first on Coin Engineer.

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Tensor is a groundbreaking platform for NFT trading in the Solana ecosystem. The platform has become Solana’s largest NFT marketplace by trading volume, surpassing rivals like Magic Eden. In the past month, Tensor’s NFT trading volume has nearly doubled that of Magic Eden, reaching over $1 million.

This data suggests that its investors are trading in higher volumes, while Magic Eden is more focused on traditional and frequent users.

Tensor

The story behind Tensor’s success is shaped by the efforts of co-founder Ilja Moisejevs. According to Moisejevs, Tensor’s beginnings were not easy. They focused on user feedback to develop their products, creating an interface that resembles a Bloomberg terminal, and this approach attracted financial experts.

Moisejevs emphasizes that Tensor’s success is directly linked to the success of Solana. The team has focused on growth by remaining committed to the Solana ecosystem despite the low prices of the SOL token.

Among investors, it is seen as attractive for its user-friendly interface and expanding potential. In particular, the platform’s unique NFT collection, Tensorian, which has drawn attention with its $11.5 million trading volume, has increased the platform’s popularity.

While Tensor consolidates its leadership in NFT trading, it aims to be a major player in the industry by focusing on the overall success of the Solana ecosystem. The Tensor community also believes that the platform will offer an airdrop strategy similar to BLUR in the future.

To start using the Tensor platform, you can use the link address.

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