Crypto Resilience Tested as Binance Lawsuit Rocks Market, BNB Hits 6-Month Low


Binance Coin (BNB) has tumbled to a 6-month low after the US Securities and Exchange Commission (SEC) launched investigations into the crypto exchange. The rest of the crypto market, however, have remained relatively stable, with Bitcoin trading at $26,400, Ethereum at $1,840 and XRP at $0.51.

AltSignals ($ASI) presale demand is set to fuel the price increase when the token lists on exchanges. AltSignals is a proprietary trading signal platform created in 2017 by a team of experienced UK traders. It offers value to investors looking to make a profit by joining a trading community.

The SEC has charged Binance and Coinbase with 13 counts of violations, one being the offering of unregistered security tokens. Coinbase is also accused of operating an unregistered securities exchange, clearing agency and broker.

The resilience of the cryptomarket despite the Binance lawsuit indicates investor confidence, unlike previous panic-inducing events. DeFi activity across various platforms, as tracked by DeFiLlama, has also remained steady with the total value locked at around $45.43 billion.

The potential clearance of the regulatory hurdle will likely boost demand for digital assets. AltSignals, currently on presale, could benefit from the renewed focus on tokens not seen as securities by the SEC.

Members of AltSignals will need to own $ASI as the native token in order to vote on governance. The token is 87% sold out in presale and is projected to offer investors a 10x return. Members can also earn $ASI by participating in trading-related tournaments and contributing to AltSignals projects.

2023 is likely to be another tough year for cryptocurrencies, however newly launched tokens could potentially rise by triple digits. As such, the potential for $ASI remains high once it launches on exchanges. A projected increase of 10x by the end of 2023 would equate to a minimum price of $0.15 for investors.

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