Siren Price (SIREN)

Unlisted

What makes Siren unique?

SIREN stands out by employing a fully-collateralized approach to writing options without the need for oracles. Both the buyer and seller sides of the contract are tokenized, generating bTokens for buyers and wTokens for sellers. This tokenization facilitates secondary markets and simplifies writer mechanisms by reducing the process to purchasing collateral at a discounted rate. Additionally, the protocol incorporates a custom SirenSwap AMM, which combines a constant-product bonding curve with options minting. This design requires only bTokens, wTokens, and collateral in the pool, thereby enhancing capital efficiency for liquidity providers.

What is Siren about?

SIREN is a distributed protocol designed for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum. Options are a financial instrument that enable traders to buy or sell an asset at a predetermined price at a specified future time, serving as a tool for hedging against price fluctuations or speculating on potential price movements.

What can Siren be used for?

SIREN offers a platform for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum. It provides traders with the ability to hedge against price volatility or speculate on future price movements by allowing the purchase or sale of assets at predetermined prices. The tokenized nature of the options contracts enables secondary markets for both long and short positions, ensuring flexibility and liquidity in the options market.

What is the current price of Siren?

The live price of Siren (SIREN) is £0.0695376909471244000 GBP. This real-time valuation is updated continuously and aggregates pricing from major global exchanges to ensure you see an accurate market rate.

How is Siren positioned in the market?

Siren currently sits at market rank #544, supported by a market capitalization of £50503637.8531292608000. This ranking is influenced by liquidity depth, overall investor demand, and the circulating token supply.

What is the circulating supply of SIREN?

The circulating supply of SIREN is 728926347.3012326 tokens, representing the amount available in the open market. This number plays an important role in determining market valuation, scarcity, and long-term inflation dynamics.

What is the 24-hour price range of Siren?

During the last 24 hours, Siren traded within a range of £0.0671777347909668000 (24-hour low) and £0.072006418127644000 (24-hour high). This volatility range helps traders understand short-term momentum and market unpredictability.

How far is Siren from its All-Time High and All-Time Low?

Siren reached an all-time high of £0.144080349304892000, while the lowest recorded price (ATL) is £0.019764340251271616000. These historical benchmarks allow traders to evaluate long-term price potential and cycles.

How active is SIREN trading today?

Trading volume over the past 24 hours is £--, reflecting current market participation. Higher volume often indicates stronger investor interest and deeper market liquidity.

What influences the recent trend direction for Siren?

The current price movement of -0.72% over the last 24 hours is shaped by market sentiment, trading activity, macroeconomic factors, and ecosystem-specific updates related to BNB Chain Ecosystem,Meme,Binance Alpha Spotlight,Four.meme Ecosystem (BNB Memes). Sudden increases in volume can also act as catalysts for sharp price movements.