US SEC sues Binance and Coinbase, but Bitcoin remains above $26k

US SEC sues Binance and Coinbase, but Bitcoin remains above $26k

By Hassan Maishera - min read

Key takeaways

  • Bitcoin maintains its value above $26k despite the FUD surrounding Binance and Coinbase.

  • The resilience of the market could prove beneficial to new projects like AltSignals. 

The cryptocurrency market looks promising at the moment despite the events of the last two days.

In the first two days of the week, the US Securities and Exchange Commission (SEC) sued both Binance and Coinbase, two of the largest cryptocurrency exchanges in the world.

Despite the lawsuits, Bitcoin maintains its value above $26k, and this could indicate resilience amongst investors. Bitcoin maintaining its position above the $25k psychological level could serve as a boost for new projects coming into the industry, including AltSignals.

Bulls provide strong support for Bitcoin

Earlier this week, the US SEC filed lawsuits against Binance and Coinbase, the two leading cryptocurrency exchanges in the world.

The SEC’s lawsuit against Binance alleges that the cryptocurrency exchange and its CEO, Changpeng Zhao, violated US securities laws by offering services to high-valued US customers on its platform.

This was followed by another one against Coinbase, with the SEC claiming that the crypto exchange is operating as an unregistered broker. 

Despite the lawsuits against two of the biggest crypto exchanges in the world, Bitcoin’s price remained above $25k. Bitcoin briefly rallied past the $27k on Tuesday and is now trading just above the $26K once again.

The resilience shown by investors could indicate confidence in the cryptocurrency market, and this could benefit new projects like AltSignals. 

AltSignals is close to concluding its presale stage, and its token will be listed on numerous cryptocurrency exchanges afterward. 

AltSignals’ presale to conclude soon

The presale stage of AltSignals is close to an end, and the development team has already started working on releasing their suite of products.

AltSignals is a unique project that leverages AI to make it easier for people to trade Bitcoin and a host of other cryptocurrencies. 

The development team is working on a suite of AI products designed for cryptocurrency traders. The team has so far raised over $900,000 (86.9% of the required funds) and will conclude the presale of its token soon.

ASI, the native token of the AltSignals ecosystem, is trading at $0.015 per token, making it affordable for investors. Following the end of the presale and its launch on crypto exchanges, ASI could experience a price surge in the short to medium term. 

Click here to read more about the AltSignals presale.

What is AltSignals?

AltSignals is one of the projects designed to benefit cryptocurrency traders in the cryptocurrency space. In addition to crypto traders, forex, stock, commodities, and indices traders could also take advantage of this solution for their trading activities. 

The platform allows cryptocurrency traders to gain access to trading signals. Forex, stocks, and commodities traders can also gain access to trading signals using this solution. 

The funds raised from the presale will be used to develop ActualizeAI, an AI solution that could make it easier for people to trade cryptos and other financial assets. 

ActualizeAI will be an automated solution that works 24/7. The solution will make it easier to identify trading patterns and entry and exit points in the market. Hence, ensuring that traders could trade more accurately. 

By holding the ASI token, you will have access to AltSignals’ services. The solution is set to leverage natural language processing, machine learning, regression, and predictive modeling to boost its services. 

The team is working on listing ASI on numerous exchanges, including Uniswap. They are also working to expand the team, secure OTC partnerships and launch the sentiment analysis engine. 

AltSignals (ASI) price prediction

ASI is yet to list on any crypto exchange, which makes it harder to predict its price movement in the meantime. However, the token is going for $0.015 in the ongoing presale. 

However, listing on cryptocurrency exchanges usually influence the prices of cryptocurrencies positively, and ASI’s value could increase once it lists on a few exchanges. 

The crypto market has been able to hold its ground despite the FUD surrounding Binance and Coinbase at the moment.

If the fundamentals of the broader market improve in the near term, this could benefit tokens like ASI that could list on cryptocurrency exchanges soon. 

Despite the negativity surrounding the industry, BTC and ETH have both added more than 40% to their values year-to-date. 

AltSignals is set to enter a multi-billion dollar market, and its services could prove beneficial to traders. If AltSignals hit the right level of adoption, ASI could become a big winner n the cryptocurrency market. 

Should I buy AltSignals in its presale?

Historically, investing in projects during their presale or ICO generates the best return on investment (ROI) for investors. Early investors in projects like Ethereum, Dogecoin, Solana, and Shiba Inu made thousands of percentages in ROI. 

AltSignals is a project that holds a lot of promise for traders within the cryptocurrency space and beyond. With the right level of adoption, ASI could become a big winner in the cryptocurrency market.