[PRESS RELEASE – Helsinki, Finland, April 27th, 2024]

THENA is thrilled to announce the latest update to ALPHA, THENA’s intent-based decentralized derivatives exchange, now powered by both IntentX, Orbs, and SYMMIO. The new version is now live on BNB Smart Chain, and soon opBNB, BNB’s high-performance optimistic layer 2 solution.

This upgrade marks a significant leap forward, streamlining the user trading experience with intuitive, informative, and customizable features. THENA team is also now officially ending the beta phase with the introduction of a Trade2Earn Program to scale up the trading volume, set for launch at 00:00 UTC, April 27, 2024.

Key Improvements

Trade2Earn Program: Launching with a daily $1,000 reward pool, distributed based on trading volume share per a given day (24 hours), resetting at 00:00 UTC. Trading automatically enrolls the user in the rewards for the current day.

Enhanced User Interface: The user can enjoy new features like advanced account analytics, grouped positions, and customizable layouts, alongside improvements like a refined search bar and faster page loading. The team also added an order depth view.

Order Management Innovations: The THENA team introduced a new polling system for more efficient order handling, a floating order notification system, and a comparison tool for estimated vs. current slippage.

Risk Management Tools: Utilize Stop Loss and Take Profit (SL/TP) functions directly within the platform, offering front-end coordination with market makers for timely and gas-free order execution. The team also added estimated liquidation prices and improved the solvency indicators.

ALPHA uses IntentX’s proprietary SL/TP solution that integrates with SYMMIO core contracts, ensuring orders are triggered at the user-specified price points with minimal delay and no gas cost.

Important note: at this early stage the system is only optimized for medium and long-term strategies, with further improvements coming at a later stage.

This list of improvements is not exhaustive, and THENA team be working closely with IntentX and SYMMIO to give its users a trading experience that rivals the best.

Innovating with INTENTS

ALPHA’s innovative approach solves the longstanding dilemma in the digital assets market: the trade-off between the liquidity of centralized exchanges (CEXs) and the security of decentralized exchanges (DEXs). By leveraging a unique Request for Quote (RFQ) and intent-based architecture, ALPHA bridges CEX liquidity to the on-chain world, offering a permissionless, secure, and isolated trading environment without the risk of custody or insolvency issues.

The team aims for ALPHA to be an OTC market facilitator, syncing market maker quotations with trader order flows, while SYMMIO acts as a decentralized, global risk and exposure settlement layer.

ALPHA’s model acts as a liquidity aggregator to ensure deep liquidity and capital efficiency, sourcing from various channels like CEXs, DEXs, OTC desks, and more to provide traders with the best price execution and minimal slippage. This approach results in vastly improved efficiency, security, and scalability compared to vAMM and CLOB-based models.

ALPHA’s Latest Upgrade and the Future of Decentralized Derivatives

This upgrade marks the beginning of an exciting journey to scale our decentralized derivatives exchange on BNB and beyond. With the forthcoming release of ARENA, THENA’s social hub featuring fully permissionless and customizable trading competitions (and more!), THENA’s team is destined to take THE vision even further.

ALPHA’s integration of cutting-edge technology changes the game for on-chain derivatives, delivering secure, affordable, and abundant liquidity to DeFi users. This zero-to-one innovation is already transforming the on-chain derivatives landscape, ushering in a new era of leverage trading on BNB Chain.

https://medium.com/@ThenaFi/introducing-alpha-v0-x-a-new-era-of-derivatives-on-bnb-chain-297f5ff49835

About THENA

THENA is a collaborative effort to build THE ultimate decentralized spot and derivatives exchange. It harnesses the power of ve3,3 to serve as THE Liquidity Hub on BNB Chain.

THENA brings together the best of DeFi, from Algebra’s Concentrated Liquidity AMM to THE Orbs powered Liquidity Hub, with the ultimate goal of simplifying DeFi.

Users can follow THENA on

Website | X | Discord | Telegram | Links

Ripple’s price has yet to show a sign of recovery and is continuing its overall bearish trend. If things are to change, the price should soon begin its recovery, as the market is in a critical area.

Technical Analysis

By TradingRage

The USDT Paired Chart

Against USDT, XRP has dropped aggressively below the 200-day moving average around the $0.6 level and has yet to climb above. However, the $0.5 support zone has held the price, and the market is consolidating above it.

If the price breaks above the 200-day moving average, investors can be hopeful that a bullish trend will finally begin. On the other hand, a breakdown of the $0.5 level can aggravate the bearish trend, and the market could decline to much lower values.

The BTC Paired Chart

Looking at the BTC pair’s daily timeframe, the price has been making lower highs and lows since the beginning of 2024. However, the 800 SAT support zone has recently held the cryptocurrency, preventing it from a further correction.

The Relative Strength Index is also sowing values below 50%, but is experiencing a recovery. If the RSI rises above 50%, the market could finally begin its rebound toward the 1200 SAT.

TL;DR

• The meme coin sector has experienced significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) gain traction through strong community support.
• Analysts remain optimistic about the realm’s potential, particularly post-Bitcoin halving, which has historically triggered market surges.

Which Meme Coin May Join the Prestigious Club?

The meme coin sector has been making great strides during the latest bull cycle, with its market capitalization briefly surpassing $60 billion. The progress is thanks to popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which remain quite trending among investors, as well as new sensations, including dogwifhat (WIF), Bonk Inu (BONK), Pepe (PEPE), and others.

Currently, DOGE and SHIB account for over 60% of the cohort’s market capitalization, and they are the only meme coins to have ever crossed the $10 billion mark. As such, we decided to ask ChatGPT whether another asset of that type can reach the milestone.

The AI-powered chatbot estimated that success on the front can be fueled by strong community support, viral social media presence, and increased investor interest. WIF and PEPE are some of the meme coins that have gained a solid supporter base.

The dogwifhat community recently raised $650,000 to put the token’s logo on the Sphere – a famous entertainment arena in Las Vegas, Nevada. In addition, the token received backing from prominent industry participants, such as Arthur Hayes.

However, a study conducted a few months ago estimated that Shiba Inu is the meme coin with the strongest community base, while DOGE and PEPE round up the top 3 list. 

The frog-themed digital asset currently has a market cap of over $3 billion, making it the biggest contender of the leading ones.

Expectations of an Overall Meme Coin Bull Run

Numerous analysts remain optimistic that the meme coin sector is yet to flourish during the bull cycle. One factor to possibly contribute is the Bitcoin halving which took place last week.

The event, following which miners’ rewards distributed for validating blocks on the blockchain were deducted in half, has historically been a precursor for a major resurgence for the entire cryptocurrency industry.

One meme coin to be particularly poised for a price ascent in the near future is Shiba Inu. The numerous elements suggesting that the self-proclaimed Dogecoin-killer is yet to experience fresh gains include its aggressive burning mechanism, the development of the layer-2 scaling solution Shibarium, and the predominantly negative SHIB exchange netflow on a weekly scale.