Cryptocurrency Chainbase ($C ) has fallen by 5.83% in the last 24 hours, which is worse than the overall cryptocurrency market (-2.43%). The main reasons for the decline:
Technical breakdown – the price has fallen below important moving averages ($0.21)
Fatigue after listing – decrease in interest following the hype around the listing on Binance in July
Weak market sentiment – altcoins are under pressure amid a neutral fear/greed index
The decline of Chainbase is caused by technical factors, decreasing interest after the listing, and a challenging market situation for speculative altcoins. Despite the prospects for use in the field of AI and data, the token needs support from developers or exchanges to change the trend.#Chainbase @Chainbase Official
