Why is Wonderland crypto dropping?

The Market Correction Hits Despite the theory that cryptocurrency should be a non-correlated asset, Bitcoin and the majority of crypto projects also saw major drops in prices . This caused Wonderland’s coins ($TIME & wMEMO) to drop in prices rapidly, causing the price to drop by 95% from its all-time high.

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What is Wonderland in crypto?

Wonderland (TIME) is a popular fork of Olympus that operates on the network of Avalanche . The platform claims to be the first decentralized reserve currency protocol. The native token of Wonderland is TIME. Wonderland (TIME) aims to develop a policy-controlled currency system on the Avalanche (AVAX) network.

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What is Wonderland TIME coin?

​Wonderland is the first decentralized cross-chain reserve currency protocol on the TIME token . Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc etc) in the Wonderland treasury, giving it an intrinsic value that it cannot fall below.

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Is Wonderland APY real?

As you can see, it currently offers APY around 81,000% and it’s been varying in the past from over 60,000% to around 90,000%. You can receive it by staking your TIME tokens and the rewards are paid out in MEMO (Memories) tokens, which are an equivalent of TIME.

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