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Berachain reduced more than 27% in the last check on Saturday, tearing around $ 5.99 after a recent inclusion at Crypto.com.
Token (harra) steep decline comes despite gaining exposure to more high centralized exchanges, including Mexc, Upbit and Bithumb.
Berachain, who promoted his pseudonym founder “Smokey”, was officially launched on February 6, after more than a year of anticipation, during which he provided more than $ 100 million funding.
Originally derived from the Bong Bears NFT (non-Gnjavi token) collection, the project introduced proof of the model of liquidity consensus, distinguishing it from traditional blockchain of evidence.
Bong Bears NFT collection launched 26. August 2021 on Ethereum Blockchain. This collection consists of 100 unique bears with cannabis theme and serves as a Genesis project of Berachain ecosystems.
Although Berachain gained attraction for his innovative design, some industry managers have caused concern about their early funding strategy.
Block read One critic dealing with the fact that the project first sold NFTS before turning to the development of Blockchain.
Despite the recent exchanges list, BERA’s drop in price raises questions about trust in the market and sustainability of its model focused on liquidity.
