The fall in SIREN costs: 91% has fallen among fraudulent cases


The SIREN digital currency is facing a rapid fall, as evidence from the chain confirms investors’ fears. The smart money for the creation of the BNB network, which showed an incredible increase of more than 1,100% in 30 days, has now lost 91% of its all-time high of $ 3.61, to trade today below the level of $ 0.30, following the fall of 82% in one day that wiped out hundreds of the market.

On March 23, blockchain analytics revealed that a single group controls more than 50% of all SIREN, spread over nearly 200 connected wallets. Reports indicate that the group earned an average of $0.045 per token, meaning it is still profitable despite falling prices.

Well-known researcher ZachXBT also pointed out these suspicious projects, adding to the certainty of what the graphs were already showing: that the project was suffering from wrong distribution methods from the beginning.

The violent fall of SIREN comes in a very difficult economic environment, which makes the chances of recovery look very slim.

Can the SIREN money come back?

At levels below $0.30, SIREN is now 91% off its historical low. Trading volume data tells a grim story; What was once driven by strong bullishness from traders has now turned into a flurry of sales and a lack of support for buy orders.

Even though the amount of the main organization’s activity has dropped from 50% to about 8% at the moment, any real price recovery requires the organization to stop selling or start subsidizing the price properly, which does not seem to encourage you, especially since the average price of fundraising was $0.045.

Technical measures provide little assurance, as there is no definitive support for today’s bearish prices due to the shortness of the SIREN market, which leaves the currency vulnerable to speculative buying without a safe haven.

Bitcoin Hyper emerges at a point where SIREN measures zero

The fall of SIREN is a hard lesson in how tokenomics can be used against marketers. One organization, 50% of assets, 200 wallets, and 165,000 traders found themselves lost. When these bad practices are seen too late, the natural tendency is to look for projects where the design works for the consumer before implementation rather than after.

They provide a platform Bitcoin Hyper itself as an alternative of this kind. The project is building the first phase of Bitcoin 2 with the integration of the Solana Virtual Machine (SVM), bringing the highest speed and intelligence capabilities to the Bitcoin environment without sacrificing the necessary network security.

The pre-sale of the project managed to raise more than 32 million At the current price of $0.0136with great prizes available at 1700% per annum For first time participants. Key infrastructure includes a stable bridge to the original Bitcoin exchange, with high speed and low cost that the team claims surpasses Solana in terms of response time.

This article does not provide financial advice. Cryptoassets are very volatile, so you should do your research before investing.

A note The fall in SIREN costs: 91% has fallen among fraudulent cases appeared for the first time Cryptonews Arabic.





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