Challenge app having challenge since the world is on lockdown

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Chart From Leodex

As we move into Q2, a good number of projects are moving ahead with continued development, and this week’s I choose to look at a project which has given some announce but hasn't kept or implemented it due to the pandemic overwhelming the world at the moment, its choices were set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should has also resulted in increased amounts of attention to the project but but am guessing the activities happening right now is slowing done the team from rolling out the new update as at when planned/ scheduled and over the coming weeks.

ChallengeApp has been one of the utility token I enjoyed but the development from the team is kind of slow, they would have attracted more user this period as alot of people are currently in isolation and since most people aren't working right from their homes and alot of people are now glue to the internet participating in one challenge or the other and it would have been a lovely experience if the proposed version that was supposed to be released about a week ago was released which was supposed to roll out new challenges.

Also the resent activities of the steem blockchain has also affected the growth in price of the CHLP which is trading on steem-engine as the fork of steem blockchain which begot hive has left alot of developers confuse as to which blockchain their project will be running on, which I think Is also one of the reason for the bearish price of CHLP and other steem-engine token, but I believe better days are ahead as the world at large is fighting the Corona virus collectively and an sure we will come out victorious at the end of this pandemic.

Market insight

Looking at the price of CHLP at the moment its quit cheaper on steem-engine when compared to that of Newdex and even the volume of the coin is also reduce with just on trade occurring over the past 24 hours, the order book looks scanty as only a few order of about 4 steem is available on the buy wall and numerous sell orders on the sell wall which denotes further drop in price of CHL/CHLP, but the future still seem bright as we all know most orders on steem-engines are usually canceled after 30 days if they are not been filled hopefully market markers will fix back their orders to give the market a lucrative trading experience.

Disclaimer: The information above is solely the opinion of the author, Before investing in any project do a deligent research as the author will not be held liable for any lost on investment am not a financial adviser seek the services of a professional investment manager before diving into any project, The information above is for educational purpose.

To learn more about challengedac visit
ChallengeDac Official-
Website: https://www.challengedapp.io

Telegram: https://t.me/Challenge_DAC

Instagram: https://www.instagram.com/challengedacdapp/

ChallengeDac YouTube: https://www.youtube.com/channel/UCnYWlP_UT6k5EIfuLSD3Spg

Twitter: @ChallengeDac

Discord: https://discord.gg/HHXFfV

Reddit : https://www.reddit.com/r/ChallengeDac



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