SYRUP Token Faces Pullback at $0.58 — Analyzing Wh
SYRUP Token Faces Pullback at $0.58 — Analyzing What’s Next...
Maple Finance has delivered impressive quarterly results. Coupled with the news of its listing on Upbit, the SYRUP token has seen a sharp rise in price, and this rally could lead to new all-time highs.
The Maple Finance [SYRUP] token price has almost reached a new record, briefly surpassing the $0.6 mark. This bullish move came after popular South Korean crypto exchange Upbit announced the listing of SYRUP.
Maple Finance also released its Q2 market report. Quarterly revenue grew by 154%, while annual recurring revenue (ARR) increased by 200% compared to Q1.
The company emphasized that the results of the protocol directly affect the SYRUP governance token, since 20% of the proceeds are used to buy back tokens.
This has significantly strengthened market sentiment and may lead to further growth of the token. However, technical analysis shows some alarming signs.
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