TNSR (Tensor) rose 55.55% in 24 hours

Gate News Bot news, on November 24th, according to CoinMarketCap, as of the time of writing, TNSR (Tensor) is currently priced at 0.14 USD, having risen 55.55% in the last 24 hours, with a peak of 0.32 USD and a low of 0.03 USD. The current market capitalization is approximately 63.7 million USD, an increase of 22.8 million USD compared to yesterday.

Important news about TNSR recently:

1️⃣ Tensor Foundation acquires Tensor Marketplace and NFT series The Tensor Foundation has announced the acquisition of Tensor Marketplace and the Tensorians NFT series, a strategic move that strengthens the integrity of the Tensor ecosystem. The new management has decided to allocate all transaction fees to the TNSR token treasury, while destroying the portion of unallocated tokens that accounts for 21.6% of the supply, and re-locking the allocated tokens for three years. These measures are expected to enhance the scarcity and value of TNSR.

2️⃣ TNSR price fluctuates significantly in the short term TNSR has experienced significant price volatility in the past few days. On November 21, TNSR recorded a single-day rise of 174.96%, reaching a high of $0.32, with a 24-hour trading volume peaking at $1.794 billion. This dramatic price movement reflects the market's high attention and speculative enthusiasm for TNSR.

3️⃣ Market capitalization rapidly rises, demonstrating market recognition The market capitalization of TNSR has experienced significant rise in the short term, increasing from 35.8 million dollars on November 20 to 102 million dollars on November 21, and then to the latest 63.7 million dollars. Despite the fluctuations, there is an overall pump trend. This rapid expansion of market capitalization reflects investors' recognition of the potential of the Tensor project and their expectations for its future development.

From a technical perspective, the price of TNSR may face short-term correction risks after a significant pump. On the fundamental side, the strategic acquisitions by the Tensor Foundation and adjustments in token economics will be key factors supporting the long-term value of TNSR. However, investors should also be aware that such drastic price fluctuations may imply high risks.

This message is not an investment advice; investors should be aware of market volatility risks.