Tensor (TNSR) Price Analysis- April 2024

Tensor (TNSR) Price Analysis

Tensor (TNSR) has emerged as a dominant force in the Solana NFT marketplace, commanding an impressive 60-70% of the total NFT volume. Its rapid ascent since its introduction in July 2022 underscores its undeniable dominance, with most Solana NFT collectors and traders flocking to its marketplace protocols for their daily transactions.

Previous ATH and ATL

The highest recorded price for Tensor (TNSR) was $2.23 on April 08, 2024, marking a significant milestone in its valuation journey. However, the current price is approximately 65.59% lower than this all-time high. Conversely, the lowest recorded price for TNSR was $0.7613 on April 17, 2024, indicating volatility within its price history. Despite this, the current price is marginally higher than the all-time low by approximately 0.90%.

Recent Performance

Over the past 7 days, Tensor (TNSR) has experienced a notable price decline of 48.90%, significantly underperforming both the global cryptocurrency market, which is down by -13.80%, and similar NFT cryptocurrencies, which are down by 26.90%. This downturn in price suggests increased volatility and potential market sentiment shifts impacting TNSR’s valuation.

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As of the time of writing, Tensor (TNSR) is trading at $0.780939, with a 24-hour trading volume of $169,955,515 USD. Despite its recent price decline, TNSR remains a significant player in the market, holding the #426 rank on CoinMarketCap with a live market cap of $97,617,317 USD. It has a circulating supply of 125,000,000 TNSR coins and a max supply of 1,000,000,000 TNSR coins.

Source: TNSR 24-hour Chart (CMC)

As a relatively new token, Tensor’s long-term performance remains uncertain. Its rapid rise to dominance in the Solana NFT marketplace demonstrates its potential for growth and influence.

Conclusion

Tensor (TNSR) stands as a formidable giant in the Solana NFT marketplace, commanding a significant portion of the total volume and offering extensive coverage of new NFT projects. While its historical performance showcases moments of both highs and lows, its current position and market dominance position it as a key player in the evolving landscape of NFT trading on Solana. However, investors should remain vigilant and closely monitor its price movements and market developments.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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