$THE
THE Analysis and Subsequent Discussion: Is THE Expected to Hit 10 Dollars?
Today, let's briefly talk about THB, the token that just launched on Binance last night!
On November 27th at 18:00, it launched on Binance, and at 20:15, it launched on Binance Futures, skyrocketing nearly 50 times in just one day! This shows that the market makers behind it are indeed making significant moves, igniting everyone's emotions, and many crypto enthusiasts jumped on board!
What is the reason behind this? Why has it been so strong since its launch? What kind of background does it have?
Jinbao checked THE's official Twitter and found that its promotional activity is not very active, then he found out: Thena is an automated market maker based on BNB Chain, inspired by Solidly, creating a simpler liquidity acquisition process for new and existing protocols through efficient liquidity guidance.
In other words, THB itself is a DEX, and with Binance Chain as its automated market maker, it shows that there is indeed some strength behind it, otherwise it wouldn't have been so aggressively pushed right after its launch, gaining so much attention. Some big players even claim they want to buy in at 10 to 15 dollars!
From Jinbao's perspective, the optimism is certainly commendable, but given the current situation, Jinbao suggests that we view the market rationally—be optimistic but not unrealistic, be optimistic but not blindly enter the market. This is the right approach for traders.
Jinbao's Opinion:
Currently, the market cap of this coin is only 48 million, and it has substantial holders locked up. Additionally, since it is a DEX itself and considering that Binance is recently launching a Web 3 wallet, THE has at least the potential to double in value. We can first aim for 6 dollars and then look towards 8 dollars, gradually taking profits, as this is a more rational trading behavior.
For those trading futures, you can follow Jinbao Square, and if there are suitable entry points, Jinbao will notify everyone immediately!
Follow Jinbao for continuous sharing of valuable insights! Wishing everyone to enjoy a big bite at THB!
