Announcing a partnership with Microsoft, Lever Finance (LEVER) experienced a decline of nearly 35 percent, disappointing investors.
Recently, news influence has been heavily covered in the crypto industry. Crypto projects manage to attract the attention of investors with partnership or collaboration announcements. Investors turn to projects by establishing expectations and become partners in the development of the project.
However, this did not happen as expected by Lever Finance. Although Lever Finance made a sensational announcement, it was disappointing on the cryptocurrency side. Right after the Microsoft announcement, LEVER dropped close to 35 percent. Investors are wondering why.
It fell 35 percent after the news of the Microsoft partnership!
Announcing that it has partnered with Microsoft, Lever Finance (LEVER) has victimized investors after this news. LEVER fell close to 35 percent. The reasons behind it are curious.
Lever Finance released an announcement on Medium the other day. In this announcement, the project team stated that it has partnered with Microsoft for artificial intelligence developments. Investors’ interest in the project increased with the effect of the news. In this way, a serious rise was observed on the LEVER side.
Lever Finance’s announcement is considered as speculation with the last drop. Because the project suffered a massive decline after the news and made investors suffer. No statement has been made about this issue yet.
Although LEVER saw $0.001776 with the effect of the news, it is trading around $0.001180 today. The project’s cryptocurrency fell by almost 35 percent. Although it is reflected as a decrease due to the passing of the news effect, this situation leaves a question mark in mind when the market value of the project and the size of the news are taken into account. It is among the topics discussed that speculation could be a news and that new investors in the project were sold on this.
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