Berachain on steep decline despite Crypto.com listing

Berachain is down more than 27% in the last check on Saturday, exchanging about $ 5.99 after its recent list on Crypto.com.

The tokens (He) A sharp decline occurs despite exposure on several major centralized exchanges, notably Mexc, Upbit and Bithumb.

Berachain, promoted by its pseudonym “Smokey” founder, officially spear On February 6, after more than a year of anticipation, during which he obtained more than $ 100 million in funding.

At the origin of the Bong Bears NFT collection (non -bubble token), the project introduced a model of proof of liquidity, by differentiating it from traditional evidence blockchains.

The Bong Bears Nft collection spear August 26, 2021, on the Ethereum blockchain. This collection consists of 100 nft of bear on the theme of unique cannabis and serves as a Genesis project for the Berachain ecosystem.

While Berachain has gained ground for its innovative design, some industry leaders have raised concerns about its early financing strategy.

Stupidity quotes A critic who disputes the fact that the project sold the NFT before pivoting the development of the blockchain.

Despite its recent exchange announcements, the drop in Bera prices raises questions about market confidence and the sustainability of its liquidity focused.