NEWSLETTER
Berachain has dropped more than 27% in the last check on Saturday, quoting around $ 5.99 after its recent list at crypto.com.
The strong decrease in Token (Bera) occurs despite obtaining exposure in multiple important centralized exchanges, including Mexc, Upbit and Bithumb.
Berachain, promoted by its pseudonym “smokey”, was officially launched on February 6, after more than a year in advance, during which it obtained more than $ 100 million in funds.
Originally derived from the Bong Bears nft (Token non -fungible) collection, the project introduced a liquidity consensus model test, differentiating it from traditional stake test blockchains.
The Bong Bears nft collection <a target="_blank" href="https://cryptodaily.co.uk/2023/02/nft-collection-bong-bears-price-stats-and-review” target=”_blank” rel=”nofollow”>launched On August 26, 2021, in the ethereum block chain. This collection consists of 100 unique bear nft with cannabis theme and serves as the Genesis project for the Berachain ecosystem.
While Berachain has won traction for its innovative design, some industry executives have expressed concern about their early financing strategy.
BlockWorks quotes A critic who disagrees with the fact that the project sold nfts first before Pivotar for the development of Blockchain.
Despite its recent exchange listings, Bera's price drop raises questions about market confidence and sustainability of its liquidity -based model.
<img decoding="async" width="1024" height="639" src="https://crypto.news/app/uploads/2025/02/chart111-1024×639.png” alt=”Berachain on the steep decline despite crypto.com – 1″/>
