Cryptocurrency is often characterised by its volatility and unpredictability. Anything and everything can happen in a short space of time. These last few weeks served as a good example of this observation.
In this article, we’ll look at how Binance feels the pinch in its trade volume following being slapped with a lawsuit from the United States authorities.
We’ll also assess price predictions of IoTeX (IOTX) and finally see how Signuptoken.com is introducing itself to the cryptocurrency market through an ingenious approach.
Binance’s Trading Volume Dips Following Lawsuit
The U.S. has ramped up its intention to curb cryptocurrency’s lack of regulations with a lawsuit against Binance, the largest global crypto exchange in the world. The Commodity Futures Trading Commission (CFTC) accused Binance in a federal court of routinely violating American derivatives rules as the firm grew into the world’s largest cryptocurrency platform. CFTC believes Binance should have been registered many years ago.
This has left a notable impact on the largest cryptocurrency exchange. Its trading volume market share has suffered following the lawsuit. In a newsletter on the 4th of April, blockchain analytics platform Kaiko revealed that Binance had “lost 16% market share of trade volume”. Although Kaiki stated that Binance’s intake of volume eclipses that of its combined competitors, it’s now been affected by the loss in trading volume.
The lawsuit slapped on Binance reflects a difficult few months for cryptocurrency in which the FTX crash was followed by the closure of multiple crypto-focused banks.
Price Prediction For IOTX:
IOTX, the native token on the IoTeX network, has enjoyed a bullish run since the middle of March. It’s currently trading around $0.03 with a market cap of around $293m. Much of its bullish trend, it’s believed, was generated by the IoTeX DAO community voting in favour of its 13th Improvement Proposal which unveiled Ether (ETH) liquid staking derivatives.
The real question is whether IOTX can be trading for $0.2 on the live market. Right now a market analysis points to a token that is trading greenish but whether this can be sustained is another question. The volatility of cryptocurrency is such that understanding market trends and what would be a good moment for investment is not straightforward.
But the current market trends have had IOTX trading bullishly and if it can sustain this then it may eventually be trading for $0.2 on the market.
Signuptoken.com Introduces a Novel Approach to Going Live
A new cryptocurrency has emerged in the market with the potential to make early investors millionaires. Signuptoken.com is taking a unique approach by avoiding the traditional presale method and opting for email registration instead.
Rather than introducing itself to the market through a presale, Signuptoken.com is relying on email registration to generate interest. This innovative approach involves collecting one million email subscribers before launching on the market. The early subscribers will have an advantage over others as they will be the first to know when Signuptoken.com goes live.
The approach taken by Signuptoken.com is in contrast to the traditional method of introducing a new cryptocurrency through a presale. Presales require investors to commit to buying a set amount of the currency before it launches on the market. This approach is often used to generate interest around a new cryptocurrency, but it also carries significant risks for investors as it requires prepayment from them.
One of the main advantages of the email registration method used by Signuptoken.com is that it allows investors to sign up without having to commit any money upfront. This means that investors can register their interest in the currency without risking any money until they decide to invest.
By building a community of early adopters, Signuptoken.com can generate momentum around its currency before it goes live. This could be critical in the early stages of the currency’s launch, as it could help to drive up demand and create excitement around the currency.
By signing up for this new cryptocurrency, investors will have the exciting opportunity to become millionaires.
For More Info:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken