SOON (SOON) increased by 13.93% in the last 24 hours

Gate News Bot Message, November 11th, according to CoinMarketCap data, at the time of publication, SOON (SOON) is trading at $2.40, up 13.93% in the past 24 hours, with a high of $2.88 and a low of $0.69. The current market capitalization is approximately $708 million, an increase of $86.5 million from yesterday.

Recent important news about SOON:

1️⃣ x402 Protocol Prediction Product Successfully Launched
SOON launched its first prediction experimental product based on the x402 protocol, allowing users to predict 10-second market trends using USDC. Correct predictions earn SOON rewards. Within just 3 hours of launch, the total trading volume exceeded 100,000 transactions, and SOON quickly topped the x402 platform leaderboard, with all initial quotas filled. The successful release of this innovative product demonstrates SOON’s strong competitiveness and user recognition in the DeFi space.

2️⃣ Trading Activity Significantly Increased
SOON has recently seen a surge in trading activity, with 24-hour trading volume reaching as high as $330 million. On some trading platforms, SOON’s trading volume even surpassed Ethereum, ranking among the top five traded cryptocurrencies. This reflects high market attention and enthusiasm for the SOON project, providing strong support for its price increase.

3️⃣ Technological Innovation Drives Performance Breakthrough
The SOON project is based on Solana Virtual Machine (SVM) technology, aiming to deliver processing speeds of up to 650,000 TPS for the Ethereum network. This technological innovation is expected to significantly enhance the performance of the Ethereum ecosystem, attracting more developers and users, and laying a solid technical foundation for SOON’s long-term development.

After reaching a new high of $2.88, SOON’s price experienced a brief correction but quickly rebounded. The current price has increased over 70% from the low of $1.39 seven days ago, indicating strong upward momentum. However, investors should remain cautious of potential technical risks and market volatility associated with emerging projects.

This message is not investment advice. Please be aware of market risks when investing.