As you know, the cryptocurrency market has experienced significant levels of instability for more than two months. After reaching its ATH, on April 14 ($ 64,181.19), the price of Bitcoin has fallen more than 50%, reaching close to $ 31,000.
These levels of volatility have caused a lot of fear in the market, which at this moment does not have enough liquidity to reverse the trend. Investors are stuck in their positions, with portfolios in the red and losses that in some cases reach 80%. This situation complicates the Altcoins market since, in general, investors are waiting for the recovery of their assets and are not willing to sell part of their position to bet on new projects.
Added to this, a growing FUD from China with its restrictions on mining, holding, and trading cryptocurrencies, causes even more uncertainty. Also, at the end of June some semestral financial contracts expire which may continue to affect the market for a few more weeks.
Meanwhile, we continue to work on the launch of the NFTs and on closing some very important agreements with other Blockchain projects and with top international players that we will announce in the coming days.
Taking all the above into account, Shirtum Team is seriously evaluating the possibility of delaying the Community Sale for a couple of weeks, in order to ensure that the launch is a success.
We do all this to guarantee a strong, healthy project that considers the best interests of our community, and is respectful of the trust they have shown from day one.
Stay tuned!
