Market watch: CHL taking the hits from the bears

kayceefresh (56)in Airhawk-Project • 4 years ago

The challenge app is a user-friendly blockchain App that allows users to create and fulfill geo-specific time-sensitive tasks for real blockchain rewards. As markets have seen extreme volatility the past week with a sharp downturn in the price of so many assets and cryptocurrencies. Many Investors are left anxious about the future of many crypto-based projects and startups. Inevitably with every downturn, some projects go under and close up shop for good. Most Projects who rely solely on selling their token are particularly vulnerable since the covid19 saga became a pandemic. Without strong markets to sell their tokens into can leave them without a source of funding to continue with their development let alone being able to pay for their basic expenses.

Comparing the today price of CHL on Newdex exchange using the daily chart that of CHL has shows dropped in price as well as in volume so with other major cryptocurrency in the market due to sell pressure by the BEARS pushing down the price of every crypto currency in the market down as most people are cashing out most of their investments to Fiat to get some basic needs as most nations are on lock down to mitigate the spread of covid19 virus which has been the headline of most News. CHL was trading at about 0.0000275 EOS/CHL 14 Days ago when I saw it but now it's trading at 0.0000141 losing above 95% in valued and I think it's also a good time for one to fill his bags especially with BTC halving around the corner, it might be wise to get some CHL while the price is still reasonable low as the bull run tends to pump the price of almost every cryptocurrency in the market when major investors starts pumping in cash into crypto currencies.

Disclaimer: The information above is solely the opinion of the author, Before investing in any crypto currency do a deligent research before investing in any project am not a financial adviser seek the services of a professional investment manager before diving into any project.