The spotlight in the crypto market was supposed to be on Shiba Inu (SHIB) and its associate Bone Shibaswap (BONE), with investors expecting strong returns in light of the Shibarium launch which happened days ago. So far, SHIB and BONE have disappointed the bulls as they’ve experienced downtrend over the past days.
Amid this market crisis, guess who the spotlight is currently on? It’s no other than Anarchy (ANA), a project whose presale keeps gathering momentum.
Let’s dive into details about BONE and why investors are amassing ANA amid ongoing market crisis.
Bone ShibaSwap (BONE) Slides Despite Shibarium Launch
Advertisement
Lately, investors in the crypto world had their eyes glued to Bone Shibaswap (BONE), all thanks to the much-anticipated Shibarium launch. BONE's role in the larger Shiba Inu ecosystem as a governance token is part of why investors have been lurking.
However, reality sometimes takes a detour from expectations. Despite the launch of Shibarium, the performance of SHIB and BONE have left traders in dismay. BONE is currently down by a little over 10% in the last 14 days , and trading at $1.2 price mark. With its market capitalization dipping below $300 million, the bearish momentum casts a shadow.
Advertisement
A closer look at the charts reveals a less-than-rosy scenario. TradingView signals a Sell for the token in the daily timeframe. If we take a peek at the moving average indicators, it's a confirmation of the strong sell.
Delving into the on-chain data from Lookonchain uncovers a potential cause for BONE's recent bearish trajectory. It seems like a sell-off, triggered by the struggling Voyager crypto exchange. Over the last week, Voyager offloaded $14.4 million worth of SHIB and BONE tokens in a bid to return client funds.
While this is the case some investors are already looking to cut their losses by investing in Anarchy (ANA), a project with immense potential .
Anarchy (ANA): The Perfect Crypto Project -- A Meme Plus A DAO
Prior to Anarchy (ANA), most DAOs (Decentralized Autonomous Organizations) had failed in creating an enabling environment where members are empowered to collaborate, transact, and build together with ease. Anarchy is here to solve this problem and also address the issue of using multi-signature wallets, which leads to poor investment timing and missed opportunities.
Anarchy understands the importance of multi-sig wallets in ensuring security and safety, and has adopted a means to ensure proper investment timing by employing ambassadors who possess these qualities:
• Performing all desired actions on time and correctly tracking and reporting all transactions back to the DAO.
Advertisement
• Possessing the wisdom and strength of mind to manage other people’s money.
These are just a few of their attributes. To take this further and ensure fairness, Anarchy allows members to elect and vote out these ambassadors. Your voice matters, and so do you.
That’s just the tip of the iceberg; Anarchy also ensures a steady flow of funds in the DAO treasury by employing a mechanism whereby 4.5% of ANA tokens incurred from transfer and sell orders are sent to this treasury to sponsor community-driven initiatives. Rewards from these initiatives are shared equally among community members. Anarchy is creating a community where you win together and lose together.
Advertisement
That’s not all. To ensure everyone wins, Anarchy has adopted a deflationary model in its governance token, ANA's tokenomics. This model ensures that 0.5% of ANA from sell and transfer orders are burnt forever, thereby ensuring scarcity and price appreciation for ANA.
Investors just can’t get enough of Anarchy as it’s something they’ve been demanding for a while. The ANA presale has been nothing but amazing; the rate at which ANA is being bought is astounding. It shows this project is heading somewhere good, and you shouldn’t miss out. Want to buy some? Check below.
Advertisement
ANA Presale
Get yourself some ANA bags at a mere $0.00027 on Anarchy official website and tell your friends to do the same cos’ when we up in our convoys, we want our friends to be part.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
