Currently, on the Binance exchange, the strongest rising cryptocurrency in the past 24 hours is THE, with an increase of up to 1,852.85%. Other notable coins include ENS (Ethereum Name Service) with an increase of 52.69% and KDA (Kadena) rising 29.33%. The surge in the price of a cryptocurrency often depends on many factors, both technical and market psychology. Here are some common reasons that may explain why cryptocurrencies like THE and ENS have risen rapidly:

1. Enhance the use or practical application

ENS (Ethereum Name Service): The strong price increase of ENS may stem from the rising demand for decentralized domain names in the Web3 ecosystem. With the development of blockchain-based platforms, users increasingly need solutions to simplify wallet identification and transactions, making ENS more attractive.

2. Strong community support or FOMO

For smaller coins like THE, the price increase may be the result of the FOMO (Fear of Missing Out) effect, where investors rush to buy out of fear of missing a profit opportunity. This is especially true if the coin receives attention on social media or in cryptocurrency investment communities.

3. Technological updates or partnerships

Announcements about technological upgrades, new partnerships, or integration into major platforms often lead to a price surge. For example, ENS may be integrated into more Web3 services, making it more significant in this field.

4. Low liquidity and market manipulation

For small and illiquid coins like THE, the price can be significantly affected by a large amount of buying or selling. Some organizations or individuals may take advantage of this to manipulate prices, creating a sudden price surge.

5. Attention from the media

When a coin receives significant attention on media channels or platforms like Reddit, Twitter, or TikTok, this can stimulate interest and investment from a large number of users.

6. Other short-term factors

Pump-and-dump: Some coins experience significant price increases due to short-term price pumping strategies by speculative groups.

Positive news: A surprising announcement such as being listed on a major exchange or acceptance by a well-known company can also drive prices up quickly.

However, the sudden price surge often comes with high risks. Investors need to be cautious when participating in the market during highly volatile times. If you need a detailed analysis of a specific coin, please provide more information, and I will assist!