Nirvana token (VANA), the 62nd project from Binance Launchpool, has drawn interest from crypto fans all around the world. The statement caused a stir, and the price of the VANA, increased by as much as 2700%.
Important Launch Information
According to Binance, VANA will go live on December 16, 2024 at 10:00 UTC. VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY are among the trading pairings that are accessible. Farming awards are limited to 4,800,000 VANA tokens prior to listing, which is equivalent to 4% of the entire supply.
Here are the specifics of the reward distribution:
- 85% goes into the BNB pool, and 8,500 VANA tokens are awarded per hour
- There are 1,500 tokens issued per hour, with 15% going to the FDUSD pool.
- With caps for each user, this guarantees fair distribution through farming.
With caps for each user, this guarantees fair distribution through farming.
Gate.io New Listing: $VANA As a complementary development, VANA has also been listed on Gate.io. Here are the listing details:
- Trading Pair: $VANA / $USDT
- Trading Starts: 11:30 AM, Dec 16th (UTC)
VANA is now live on Bitget’s USDT-M Futures platform, offering up to 75x leverage and trading bots support.
Vana coin Tokenomics
Features of the Vana project include the following:
Supply of Tokens: 120 million VANA
Airdrop Benefits: VANA 4.8 million
The first supply in circulation was 30,084,000 VANA, or 25% of the entire supply.
Prediction for VANA Coin Prices
The price of the token has increased by a noteworthy 9100%, indicating the possibility of expansion or a break out from earlier consolidation. But some areas of support and resistance need to be carefully watched.
Important Price Levels and Resistance Areas:
Resistance in the price range of $0.0012 to $0.0015 may cause short-term profit-taking.
Support Levels: In line with recent breakout levels, the closest support is at $0.0009, while the strongest support is at $0.0007.
Bullish Situation
Should the token’s bullish momentum continue, its price could rise beyond $0.0015. It might move closer to $0.002 in the near future if it breaks above this level.
Bearish situation
The token’s RSI indicates overbought conditions, which could lead to market corrections. The price might retrace to $0.0007 and consolidate before making another move if it falls below $0.0009.
What Will Happen to VANA Next?
Binance’s role in advancing cutting-edge blockchain initiatives and stimulating market excitement is reaffirmed by the Vana listing. This is a great chance for traders to get involved early in a project that has a lot of promise. Vana’s partnership with Binance might open the door for additional adoption and expansion as the crypto market develops.
