As the bear market continues to wreck the price of cryptocurrencies, investors are leaving the big guys – Near Protocol (NEAR) and CurveDAO (CRV) for safety. Both NEAR and CRV struggle to keep up with the downtrend despite recent developments in their respective ecosystem.
Amidst these circumstances, a new hope has emerged in Anarchy (ANA) and whales are not playing with it as ANA’s presale has generated over $3 million so far and it’s just in its third phase.
Wonder the sudden interest in this project? Let’s explore
>>> BUY $ANA NOW <<<
NEAR Price Struggled Despite Recent Developments
NEAR Protocol is a user-friendly blockchain platform for creating decentralized apps (dApps) and smart contracts. It supports projects, provides financial aid, and uses its native token, NEAR, for platform governance.
2023 has been a year of up and down for Near Protocol. In March, Near protocol launched its Blockchain Operating System (BOS) and Near Social, a layer within the BOS that has attracted over 15k users within five months.
Three months after the launch of NEAR-BOS, NEAR faced regulatory scrutiny after being listed as a security in SEC vs Coinbase Lawsuit. This was followed by a decline in revenue and market cap of NEAR.
NEAR is currently trading at $1.13, a 94% down from all-time-high (ATH). NEAR is not the only token struggling to get a hold of its investors, CurveDAO (CRV) is another.
Curve Finance and CurveDAO Struggles
Curve Finance is a decentralized exchange (DEX) for pegged assets and stablecoins. It’s overseen by CurveDAO, a decentralized autonomous organization (DAO) that gives the Curve community the power to shape the protocol’s future collectively. If you hold CRV tokens, you have a say in governance, an opportunity to benefit from liquidity mining, and a role in deciding how treasury funds are allocated.
Unfortunately, CurveDAO faced a significant setback when the platform fell victim to a hack, resulting in over $60 million being stolen from the Curve Finance Pool. Following this incident, the value of CRV tokens dropped by 20%, and the entire ecosystem faced what some have termed a ‘DeFi stress test,’ leading to dwindling market confidence in this once-promising project.
However, amidst these challenges, there are signs that the ecosystem is on the path to recovery. Binance demonstrated its support by investing $5 million through Binance Labs.
Given the CRV exploit, many investors deeply involved in the project suffered substantial losses in their portfolios and are now exploring other altcoins with promising prospects to recoup their losses. One project they are placing their bets on is Anarchy (ANA).
Something huge is coming.
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ
— ANARCHY (@anarchycoineth) June 10, 2023
The New Beacon of Hope: Anarchy (ANA)
Amidst the crypto market downtrend, Anarchy (ANA) appears as a renewed hope for investors seeking to recover their losses. Anarchy is a meme coin and a DAO in one.
With its meme nature, Anarchy aims to inject happiness and fun back into the market reeling of sadness. Talk about merriment in melancholy. Anarchy will ensure steady inflow of memes, stickers and gifs in bid to foster an engaged community.
The AnarchyDAO will operate in the same method as that of CurveDAO where ANA token holders can dictate the future of the project. To ensure safety of funds, Anarchy contract has been subjected to rigorous auditing by top auditing firms in cryptocurrency and has been issued PASS! Anarchy left an icing on the cake by utilizing Gnosis multi signature solution to ensure safety and security of funds.
Anarchy’s multi-sig treasury is managed by the project’s ambassadors elected by the community. They are in charge of carrying out the will of the community in accordance with voting results. Transactions within the DAO are transparent and available for inspection on blockchain.
Now you can see why crypto whales and investors are so convinced about the project.
>>> BUY $ANA NOW <<<
ANA is already on the path of putting joy on everyone’s faces again with early buyers already in profits even before the project launches.
ANA tokens are available at $0.00027 in the third phase of the presale.
Aiming to end 2023 on a high note? Buy some ANA today.
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